5% - 10% profit per day trading

Discussion in 'Journals' started by spanish89, Aug 14, 2008.

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  1. hmm. are MMs playing games before a rally here. i got stopped out.
     
    #6271     Apr 14, 2009
  2. usman88

    usman88

    stopped out
    closed for the day
     
    #6272     Apr 14, 2009
  3. i'm back in at 49.25. i'm going to call this bluff and say we're not going any lower.
     
    #6273     Apr 14, 2009
  4. xty

    xty

    blu why do u think they would rally it considering the inventory data coming out tomorrow
     
    #6274     Apr 14, 2009
  5. Oil Inventory Build Expected


    Dow Jones Newswires

    NEW YORK -- U.S. crude oil stocks are expected to show an increase for the sixth-straight week in data due Wednesday from the Department of Energy, according to a Dow Jones Newswires survey of analysts.

    The data, put out by the department's Energy Information Administration unit and covering the week ended April 10, are due to be released at 10:30 a.m. EDT Wednesday. Separate weekly U.S. oil data from the American Petroleum Institute are due at 4:30 p.m. EDT Tuesday.

    Crude oil inventories are expected to show a rise of 2.1 million barrels, according to the mean of six analysts' forecasts. All of the analysts predict an increase, with estimates ranging from 1.3 million barrels to 3.1 million barrels.

    Gasoline inventories are expected to have declined 400,000 barrels, according to the analysts' average. All but one of the analysts predict a drawdown, with estimates ranging from a decline of 1.53 million barrels to a gain of 2 million barrels.

    Stocks of distillates, which include heating oil and diesel fuel, are expected to fall by 800,000 barrels. Only one analyst predicted an increase, with forecasts ranging from a draw of 2 million barrels to a build of 2 million barrels.

    Refinery use is seen rising by 0.2 percentage point to 82% of capacity.

    U.S. oil inventories will have hit their highest point since 1990 should the analysts' forecast prove accurate. Analysts' Estimates Analyst

    Analysts' Estimates
    Analyst Crude Gasoline Distillates Refining
    Alaron Trading +2 +2 +2 +0.5
    Citi Futures Persp. +1.5 -1 -1 -0.5
    MF Global-Fitzpatrick +3.1 -1.1 -0.8 +0.8
    Ritterbusch & Assoc +2 -0.3 -0.7 unch
    Summit Energy +2.7 -1.53 -2 +0.5
    Tradition Energy +1.3 -0.5 -2 +0.1

    Average Estimate +2.1 -0.4 -0.8 +0.2

    Figures in millions of barrels, except for refining use, which is reported in percentage points. Figures are rounded to two decimal places in table, one decimal place in averages and story. For analysts providing forecasts in a range, the average of the upper and lower ends of the range is used.
     
    #6275     Apr 14, 2009
  6. market maker games basically. no fundamental reason. i have a stop in place if i'm wrong of course.
     
    #6276     Apr 14, 2009
  7. i've only been trading oil for 2 months but bearish reports seem to have very little impact on prices right now. just a little volatility on the day of the report.
     
    #6277     Apr 14, 2009
  8. xty

    xty

    that a good heads up for me ............am looking at it testing 48.80 though
     
    #6278     Apr 14, 2009
  9. expecting we reach 49.70 ish , last hour rally
    if it reach 50.0 , plannig to take shorts for a drop of 50 cents in europan market
    mostly will take short at the close highs today , dor 50 cents drop overnite due to EIA report
     
    #6279     Apr 14, 2009
  10. out of my longs now. doesn't look like we'll hit 50.00, but if we do i'll put in a short.
     
    #6280     Apr 14, 2009
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