How about crude today, surf? Biggest drop in 22 months or so said the guy in the pits. Crazy stuff. You gotta be one happy boy! Have a bottle of champagne with the girl mate! And make sure you get the good, light, sweet stuff! Enjoy, - S
our oil shorts paid off today ! up nicely after some pain. holding shorts here. In the index system, we had several false entries today on the short side, then the DJIA rocketed thru the entire channel triggering longs on the channel break out. we are long here from 9977 holding into thursday. surfer
greetings, yesterday was a great day at the surfer shack. our OIL shorts finally paid, and are continuing into profits. we were chopped a bit entering the DJIA short at the lower channel line, then after a rocket ride thru the channel longs were fired and we are holding into the open. the nasdaq is approaching the upper line---awaiting open.... dave g
Looks like we share a decision again... Dangerous! Myself, exited most my currency futures positions today, couldn't take giving back anymore of the mileage particularly on my AUD long... Closed it just 70 ticks above entry a couple of days ago. Lame gain for a position trade... Closed also most of my ES shorts with minimal gains... Out of 4/5 on AUD, still got half my 1/2 my EUR longs, out of 2/3 of CHF long (looks a bit overbought) but keeping 2/3 of JPY position (gains are top on this one so far so I'll give it room), and 1/2 of CAD long small size. And I'm afraid I wasn't even aggressive enough about exiting these. I certainly am not shorting any yet, but that might change soon... Particularly if Kerry gets in... Till then, good mileage has been locked in on all of these (except the AUD and ES) and the big bread & butter is in day trading anyway. *sigh* My reasoning behind all this? Well, the currencies I'm long all look a bit overbought at this point, and it's looking pretty bullish here (whatever that means) in the US indices, and we have 2 days left till election... ... The guys in the pit are all raving about the 33.20 level, which is the "monthly balance point" on the spoo, because if we break that level today or tomorrow, we will have a positive closing month, which, historically speaking, means that the incumbent president will win the election. Just heard crude closed at 50.85, surf... You must be one spirited fellow today.
Good trade on the Oil, Surf! If you had listened to some of the "advice" proffered on this board by those "expert" traders who have been hard at it a whole 2 years... well, heck - just keep up the good work!