good to see you back mate! just take the extra money you need from the market! I've started doing some number crunching for my accounts and even though i had a few bad weeks the last 2 weeks and another bad week last month, I am still nearly quadrupling the amount of money i was making in my job over the last 6 months or so! lol Anyway, I haven't traded OIL in months (only ES and some fx) but im gonna join you when you make your trade just as a bit of a fun gamble, at just £4 per point or something, so make sure you post when you get in!
Oooh nicely done mate.. Ive been monitoring it, and i saw what happened at 58.86 (which is a minor/mild support level), but ive was hoping we would have a final dip down to .26 where i could get filled in. But seeing the strength that we have had at this .86 level im not feeling very comfortable at all...
Grrr now i rememba why i left this career! lol Its so so frustrating having the constant unknowns, starts to drive me mad. Ive been watching it do the double resting but hold and back up to floating, but im still not satisified enough to buy at this price. I want to see this go under 58.62 minimum before i can commit to buying it cos this just looks to shakey at the moment. Anyone else looking to buy around here??
not I. but I may sell at 59.50 and take it back down to 58.80... have not traded oil in a while so I am a little gunshy.
1st problem area will be 59.62. Im hoping that it can burst through that as it goes into the close and hit up near 60.11 so i can cash in for £500 and not have to hold over weekend. Ive looked and this fall from 73 down to 59s in a very very sharp line with barley barely any pullbacks at all along the way just doesnt look right, we are currently around very strong support levels on even the yearly chart (only shows the few strngest levels), and so im quite confident that a combination of all the trend chasers who held sells all week could likely be cashing in towards todays close and give us a boost, any sort of danger news over weekend would be great, or even in just a technical rebound of market rising $1 after falling $11 in 1week.
bailed out just now at market 59.70 (got slippage to .68) So i managed to clear 57ticks at £5 per tick, so im pleased enough with that. I did want to see a market touch 59.92 so i could take it out at .86 after spread, but i just dont liek this risk and its risen alot very steeply.
Ive just looked and highest (but fairly likely) level i see oil rebounding to on monday/tuesday is 63.26
Well done mate! I was busy so missed your entry post but jumped in once I saw it and took 47 pips at £4 per point, so a nice bit of 'pocketmoney'!!
nicely done mate.. My entry was abit of a ''just do it because your making this trade cos of the huge $11 crash over past week and so if you dont buy it soon you'll miss the bounce and be sad and angry''... lol But im unbelievably happy that i did enter at the time i did, as i was watching it on the tick-tick chart and had seen it dip lower for a fraction of a seconds and then get back to moving along at .10/.11, and i kept saying in my mid to wait for 1 more dip to 59.00 to get the .06 fill...., but then i just decided to do it at .11 to get the trade in in the direction even though price wasnt my dream, and im so glad that i did as it only remained there for about 2-3seconds longer before it jumped 10ticks and then started rising from there. My exit was the ultimate best that i could have got in that 15minutes time slot, since i again exited from tick-tick chart, and i saw that it dropped 20ticks just after i got out and bounced around there sideways for 15mins. SO that would have been a big mind-fuck if id turn down the exit and had to hold through that. However i got the text alert about 25mins ago saying that oil had just gone above my inital set target price of 60.11, and so i only took £225, instead of the £500 that i would have made if id held on for the extra 2hours. So im abit sad about that, as i really really dont like doing this with money that i cant afford to lose any of, and so being £500 closer to my £1000 would have made quite a big difference. But i guess at atleast on a time:reward ratio, and getting the ultimate max amount of ticks possible in the time held, i sorta came out better overall doing it my cautious safe way.