with out answering my Alaki Yeman drone question on your THEORY , you jumped into Health care bill . That explain your GOP roots . Let us stop this here as this forum is for 'OIL trading ' , not politics ....
Perfect setup, then I psyched myself up. I was trying to move stop up, and instead stopped myself out at a very small profit on a long trade. So being pissed, I decide to go long ES to get my profit there. ES goes .50 against me. I had a longer target, and then I moved up stop and lowered target to where I could make the profit back on the CL trade instead of leaving a normal target. I then stopped looking at the screen. Well, my target did get hit, but on both trades I could have made much more profit. The only thing I can think is happening is fear of a loss due to my wins from yesterday. I am also fearing adding more contracts to my trades.
Oil rises on talk of Iran naval drills Global demand forecast is cut; IEA weighs impact of sanction http://www.marketwatch.com/story/oi...ght-range-2011-12-13?link=MW_home_latest_news Behind the surge were reports that Iran could hold military drills to close the Strait of Hormuz, said Tom Bentz, a director at BNP Paribas in New York. The strait, between Oman and Iran, is a key oil-shipping channel. Some 15.5 million barrels of oil a day passed through the strait in 2009, according to the U.S. Energy Information Administration. Prices also surged on expectations that the Federal Reserve could emerge from its final meeting of the year on Tuesday with fresh hints of further monetary easing, he added. The moves were based on hopes but in todayâs market environment âunfortunately it doesnât matterâ if they are just rumors, Bentz said. Earlier the International Energy Agency said potential for an embargo in Iranian oil exports has emerged. Any âadded tensions on the supply side are likely to have a bullish impactâ on prices, the IEA said in its monthly oil report.