nicely done mate. this inventory numbe ris funny... especially since dow AGAIN has recovered and moved up 200points, but pricing in for future that means dow is getting nearer to extremely overnbought level and so will fall soon and bring oil down... but gasoline is soaring now on this
actually gasoline was already spiking from 1pm, this number barley ahd any impact on it. so i dont know wtf oil thinks its doing i would love to toss some sells in at a high level but my capital has already been withdrawn now
this is a great time to get in a short or two. i pulled the trigger earlier, holding from 52.92 right now. i'm going to call oil's bluff on this one, there's no reason for it to go through yesterday's levels.
i like teh look of a sell at 53.52 however i dont trust oil at the monet since ist acting funny. and gasoline hasnt shown its hand yet. but so that means if gasoline does decide to play its cards and rocket up a few %, oil would instantly follow n break trhough, and the dow is helping it too. I have enough capital at teh moment in my acocunt to cover a trade, but id have to nail perfect entry again.
took a 14c loss on that trade, going to be more patient now. i'd like to get in another short if we hit new highs.
Hello oil traders! Hope your all making loads of pips. Ive posted another 60 pip day so far on the ES (aswell as my earlier 50 pips from that oil trade)- All posted realtime. Might risk some winnings on an oil gamble with you lot in a bit, lol. Off to get someting to eat first. Good luck
id like to see how oil and gasoline react into the close, and then how how overbought dow is at the nymex close, and thne at teh dow's own close.
Btw does anyone knowwhy teh fuk there is now yet another thread about me on t2w, this time ist called ''Spanish in disguise''! :eek: http://www.trade2win.com/boards/first-steps/56178-spanish-disguise.html the thing i dont get is why the bloke who started it felt teh need to exploit my name just to get popularity for his thread, which is merely about him asking people for some advice as hes trying to learn how to trade. Its almost kinda errrie though that he wants to 'be me in disguise' though! :eek: Lol He doenst even trade oil though, and doesnt trade the same method of entires that i use, so im not sure how im connected to his trading tbh. lol