Looks like markets do respond to API despite the large US stock levels in place Good Guess API Report News Today: SAN FRANCISCO (MarketWatch) -- The American Petroleum Institute reported late Tuesday a decline of 4.1 million barrels on the nation's crude-oil inventories on the week ended Oct. 29. That was larger than the 2-million-barrel decline seen by analysts polled by Platts. Gasoline stocks declined 3.2 million, the API said. The trade group also reported a decline of 4.7 million for distillates stocks. Analysts surveyed by Platts had expected gasoline stocks to increase 1.1 million and supplies of distillates down 900,000 barrels. API Report News Last Week: SAN FRANCISCO (MarketWatch) -- The American Petroleum Institute on Tuesday showed a higher-than-anticipated increase in crude-oil supplies for the week ended Oct. 22. The trade group said the nation's stockpiles of oil rose 6.4 million barrels, against expectations of an increase of 1.5 million barrels, according to analysts surveyed by Platts. Gasoline stocks declined 1.8 million barrels, whereas the analysts had expected an increase of 900,000 barrels. Supplies of distillates, which include heating oil and diesel, rose 818,000 barrels; they were forecast to decline 1.5 million barrels. The API report comes a day before the more closely watched data from the Department of Energy.
As a further update on things medical, I'm planning to set up an appointment with my ophthalmologist next week to have the phrase, "Trade what you see" micro printed onto both my cornea's
I see b/e trades. Over and over again. Picaso! WTF have you done to me? I had 18 b/e trades today. Get out of my head!
Don't feel bad my own slow reactions allowed me to turn 1 winner into a slightly less than BE day CL is for the Quick and the Dead I have a lot to learn here
NOD, Great job in hanging in there and staying focused Maâam⦠Youâve beat my record dammitâ¦â¦. =============================================================== FMR, You need to rethink⦠Any B/E day, or close to it â IS a winâ¦. Never think otherwise There was once a time I would hope and pray for B/E (neither technique is worth a crap for trading btw) ================================================================ Remember; The next best thing to a profitable trade â is a B/E trade â Always⦠RN
Thanks - I'm working at it I don't think I'll ever trade with the frequency folks do here - But I would like to be that fluid. My first trade (I think) would have stood on it's own if I had left it as written rather than pulling it. My second trade was rushed, I came back from a lunch errand to see the breakout and wasn't patient enough to wait for the pull back that ultimately took me out. I also didn't trust the technology to put in break out / contingent orders. I'm working at that. I've been wanting to come back to trading for some time now. I think my last trade was in 2003. (Hunting for broker statements) Edit: Found some statements from 2006 Don't have detailed stats but basically trading off & on more or less tripled my estimated fundings - no blow ups - one really bad draw down (2nd or 3rd trade) 30% back when I was REALLY dumb
(Oh, yeah, blame it on me, LOL, did the mean people get to you again?) <u>Only</u> 18? Pffft... beginner! What a crappy day... one move at the open, another at the close and that was all she wrote. Sorry you had a "bad" day.