what you mean 'the plan now' mate?? Theres nothing i can do since it went out of my hands at 7:59pm.58seconds Stoplosses/target orders are honoured during the night as platform is closed till 7am, so when you hold trades overnight you just have to have made sure you got the entry and direction good enough, and that nothing happens overnight to cause huge spike. :/ Which us why i dont like holding trades overnight
k its back down to the 51.37 level! :eek: i so sooo much want to just cash in here for 40ticks profit and just get out
http://www.marketwatch.com/news/sto...x?guid={75BFB1DF-B4D9-4DA3-A9CF-69D6FD065347} That was like manna from heaven for oil traders. Remember just last year when oil prices were soaring past $100 a barrel? One of the main explanations for that historic spike was the weak dollar. Well, it's back, and traders will squeeze it for all it's worth. Crude is a dollar-denominated commodity, which means it's priced and paid for in greenbacks all around the world. Overseas producers, therefore, can safely argue that the value of their oil falls when they convert petrodollars back into their own currencies. At the very least, that gives the industry a good excuse to push for higher prices.
Stock rally fades as investors assess Fed moves http://biz.yahoo.com/ap/090319/wall_street.html?sec=topStories&pos=main&asset=TBD&ccode=TBD "After the initial euphoria surrounding the surprise announcement yesterday, there's a little more analysis of this going on and it's leading to some questions," said Todd Salamone, senior vice president of research at Schaeffer's Investment Research. Skepticism about how long it would take for the effects of the Fed's program to take hold also weighed down shares, particularly those of banks. Investors have been hungry for any signs that confidence may finally return to battered U.S. banks, and the market has had a generally dim view of the government's efforts to date to get lending moving again. The Dow Jones industrial average fell 85.78, or 1.2 percent, to 7,400.80. Joe Balestrino, a portfolio manager at Federated Investors Inc., said he doesn't expect the Fed's new money-injection program will be enough on its own to support an extended stock market advance. "We're in a very weak environment," Balestrino said. "We don't see anything sustainable here." Stephanie Giroux, chief investment strategist at retail brokerage TD Ameritrade, said she was optimistic that the Fed's latest medicine would work, but that any rebound is likely to be "slow and muted." Some of traders' jitters Thursday came ahead of a quarterly expiration of options contracts on Friday. The sudden settling of many of those transactions can cause a surge in trading volume and more volatility in stock prices.