A parallel trade: Stop to get long at .57, 10 tick stop, target 98.97 Edit: there better be some follow-up!!!
first trade triggered short at .96 stop moved blindly to be target is .54 :48? stopped out at be (to be precise at .95, my 96th be) Now this mofo will tank
So much going on I'm not sure how much this would change things, but the Michigan Sentiment Report comes out in about 5 mins. http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm It's not at 10 EST it's at 9:55 EST. Can really move things at times. I was long 6 TF contracts a while back and it dropped 5 points in one minute. Haven't seen how it may affect crude. Stay tuned.
You're welcome. Number is 77.5 about 2-2.5 points better than expected. Did one more trade. Shorted 97.06 and covered 96.81. I have to go. Great trading to all of you!
Everybody in STFU-and-trade mode? Err, I mean... "in the zone" --- I'm calling it a day for technical reasons. Have a great trading day and an excellent weekend everyone
http://www.cnn.com/2011/WORLD/africa/02/25/libya.protests/index.html?hpt=T1 "Although reports are still patchy and hard to verify, one thing is painfully clear: in (a) brazen and continuing breach of international law, the crackdown in Libya of peaceful demonstrations is escalating alarmingly with reported mass killings, arbitrary arrests, detention and torture of protesters," said Navi Pillay, the United Nations high commissioner for human rights. Global leaders planned to discuss the Libyan crisis in emergency sessions Friday as all eyes fell on Tripoli, where Gadhafi, defiant as ever, fiercely fought to preserve his hold. Several witnesses reported intense clashes in various parts of the city between security forces and protesters after Friday afternoon prayers. Another witness told CNN that protesters in western Tripoli were met by plainclothes security forces who fired guns at them and later tear gas to disperse the crowds. Prior to the clashes on Friday morning, security forces had removed barricades, disposed of bodies and painted over graffiti in Tripoli, witnesses said. "We're all in our houses like we're sitting in jail," a Tripoli resident said Thursday. "We can't go outside or we get shot. We hear the bullets." Gadhafi's son said his father has no intention of stepping down. Asked if Gadhafi has a "Plan B" to leave Libya, Saif al-Islam Gadhafi told CNN Turk: "We have Plan A, Plan B, Plan C. Plan A is to live and die in Libya. Plan B is to live and die in Libya. Plan C is to live and die in Libya." He said he hoped Libya would come out of the crisis united. "I am sure Libya will have a better future," he said. "However, such a strong state as we are, we will never allow our people to be controlled by a handful of terrorists. This will never happen." But global leaders were meeting Friday to talk about what kind of pressure can be brought on Gadhafi to surrender control and limit the humanitarian consequences. "I think, again, it's a bit pre-mature to go into specifics, but it's well known that NATO has assets that can be used in a situation like this and NATO can act as an enabler and coordinator, if and when, individual member states want to take action," said NATO Secretary-General Anders Rasmussen. The U.N. Human Rights Council is meeting in Geneva to discuss a resolution that would suspend Libya from the council.
In these crisis times oil trade is event expectation and time management game and works well with swing trades al quada, Iran, US , EU , Libyan people - all wanted to remove gadddafi - in this conflicting interest world , always some one has hidden agenda for a dictator to stay , in this case none Regime days are numbered . Look at my UN NO-fly zone analysis post . How gaddafi is in toast with/ with out air bombing people. we all know this today, but big traders know this when oil could not CLOSE above $100 $103 early hours spike is created by same people who are short big time from that levels and spread gaddafi shot news later brought intraday 96 level ( some group from UK , as this is all Brunt crude driven with $9 range ) There may be another intra day high of 100-101 range , then settling around 92 level when gaddafi is ousted ( in 1 week ), But it is hard for that range To happen again as 90% people are waiting for that to take big time SHORT positions.
I agree. The $103 overshoot was an anomaly. Unfortunately, I got rolled over in the process. Without that, I believe we would be trading the 92-100 range as previously stated.