still holding two shorts. up about 700 for the day, was alot more earlier. if we go below 52.20 i'll probably cash out.
I don't know. I think this will retrace all the way to $54 now. It has gone past the 61.8% retracement level. We have had a relaxation of the mark to market rule, a G20 success and some bullish economic data but this is not the end of the economic problems and oil demand is not going to recover soon. Looking to sell @ $54.
Blubaru good you came on board to this forum recently , it was bit boring as @spanish slowed down you filling some gaps
i should be here to stay for a while. my posts aren't as detailed as spans are at the moment, but i'll try my best. as long as i remain emotionally stable and don't blow out my account been on the edge a few times already, now that i'm back in profits i immediately cashed out 5K today. i'm out of all trades for the day. very up and down day.
Oi!! Lol Nah im glad we got a few more people on here too..., Makes a change from my boring old mug always babbling on.. lol Anyone holding sells overnight though??
Oil marks biggest gain in 3 weeks on G20 optimism ------------------------------- http://www.marketwatch.com/news/sto...x?guid={BFAA91D7-6ED5-409C-96AC-23F1BD899D1C} "With the rally in stocks and what seems to be the start of a turn around economically, I believe that crude as well as most commodities are beginning to price in the impending hyperinflationary period that we believe the U.S. is about to feel," said Zachary Oxman, managing director at TrendMax Futures. "That is a foreboding sign of what we are due to see for at least the next three to five years overall," he added. ECB also bullish for crude Also helping crude moving higher, the dollar fell against the euro after the European Central Bank surprised markets by cutting interest rates less than expected. A weaker dollar tends to push up dollar-denominated commodities prices. The dollar extended losses after the G20 statement. See Currencies. "The ECB has got us rocking today," said Phil Flynn, vice president at Alaron Trading in Chicago. "It's an amazing turnaround for the ECB because some people speculated that they might go in and buy some debt, but they turned around and cut rates less than expected and that was very bullish for commodities." The $1 trillion G20 leaders committed includes an agreement to boost the IMF's lending resources from its current level of $250 billion to $750 billion. The G20 also pledged to provide $250 billion in trade-related finance to counter a massive slump in global trade flows. Video: MarketWatch Hot Stocks: Oil and Energy Energy and oil stocks surge after higher U.S. factory orders perk up interest in the oil market, where traders are seeing signs that industrial demand for fuel is pulling out of a long slump. The G20 also agreed on the formation of a financial stability board and to move to limit pay and bonuses in the banking sector, Brown said. Hedge funds will also be brought within the net of financial regulations, he said. "Markets have generally registered assent with the idea that the worst may have passed," said John Kilduff, an analyst at MF Global. "Of course, this idea may be dashed by the release of the Labor Department's March jobs report tomorrow," Kilduff said. He expects the recent $45-to-$50 trading range for crude to remain in place.
for me all positions closed. Over all good day not very high profits but able to see MMs action ahead and acted accordingly
Spanish, Now that we know how much of a great trader and manager you are, let's talk about the switch tre you made down the stairs at SouthBank.
Man, give the wee half-spik a break. This is one of the funniest threads on the internet - dont scare him off. He legend.