Long oil the dollar is screwed.

Discussion in 'Energy Futures' started by spersky, Apr 30, 2008.

  1. spersky

    spersky

    The fed does not even give a shit about the dollar. Next week we will get new Crude oil highs. I am long at 114.50 with a stop at 114.13.
     
  2. Pachoo

    Pachoo

    I am of a complete opposite opinion (and position).
     
  3. spersky

    spersky

    Stopped out at break even. Wrong call. My apologies
     
  4. XBOT

    XBOT

    using a tiny stop on a "fundamental" call isn't going to work.

    but i still don't agree with your opinion
     
  5. Comming up on some support 109-110
     
  6. spersky

    spersky

    That is why I bailed. I use technical analysis, but I am sometimes influenced by Fundamentals. Then I have to come to my senses.
     
  7. spersky

    spersky

    That is why I bailed. I use technical analysis, but I am sometimes influenced by Fundamentals. Then I have to come to my senses.
     
  8. XBOT

    XBOT

    good bail. 47 cent crude stop is putting a huge amount of faith in your skill to nail the exact reversal point but if it works for you it works.
     
  9. LMAO so true.
     
  10. Granted $1.00 in crude is just *noise* these days, but a fitty cent stop is not unreasonable if you just treat it as a numbers game, crude is one of those contracts that will offer many opportunities well in excess of 3:1 with that kind of stop

    Nice disciplined bailout by the way, plenty did not and will puke under $110 where you should be buying.
     
    #10     May 1, 2008