Spanny?? I prefer my former nickname from t2w, The Spanish Stallion! Im really glad my style of trading works for you though mate. Ive tried to explain to so so many people that they should just think slightly more about ''when they actually do lose money'', and think about all the money they lost whe they had even got the short-midterm direction right, but lost hundreds by tyring to be perfectionsists with their entry and taking lots small losses that add up to huge losses. lol But their loss is the sb firms+Our gain!
ooooh stop it now, your making my mind start to get annoyed at myself for not putting on that sell order from 91.66... lol
lol...sorry spanish. Still holding that one short - now making me ã180. Account is over ã4600 as we speak- was only ã2000 when I started less than 2 weeks ago
I just took a £20 loss on a £1 tick trade, when if id held few minutes more itd be £100+ profit. (But i gna try and do what the book says and not even think about nonsense like that as im not a fortune teller). I dont know why but i just dont feel that oil is gna keep free falling below 87 even like this, especially with all that stuff from opec n with a fed rate cut gna come and be an excuse for buyers soon. As the demmand falling excuse is looking very oversold at the steepness of the fall. Theres just so so much support at 87 to just be taken through in 1day and stay below. SO i gna just sit out of oil for this morning like other wednesdays and wait for the inventory numbers later. Best case scenario we get huge under supply number, oil rallies few dollars, i sell the top of that. Worst case we get mild to big over supply, i jst click sell as quick as possible and catch whatever i can.
I think that oil looks like a very good buy at $87.28. Stop loss at $86.02. Target of half at $90 and the other half at $91.50.