Dont you see the coming revised abilout plan gna rally oil 10 - 15 dollars 1stly though like it did the last time in the buildup?? Im so soo fuking angry, cos i missed cashing in my 96.00 sell in the sub 94 levels!!!
Just mocking the market now! lol How high you see it rallying today/tomorrow if we get under supply in inventories + when the next revised bailout plan comes?? Cos ive sold at 98.52
LOL I dont ''follow him''. Ive made £1,000s profit over the last few months by follwing my own skills and trades before i even joined this site. But im interested in his views on what trades hes making, and why he beleives the market will do that, not 'bot do it'.
Pressure is still very strong to the downside over the months ahead as the "demand destruction" picture clarifies. A commodity like oil cant ignore true demand....it will mean revert to the true demand through the cycling of price, sometimes it just takes time though and you have to be patient.
The ties between bailout plan legislation and oil prices are something that would extremely hard to calculate......I am just following the true demand trend to keep it simple.
I got fuking fucked over and trashed this week, going from £650 profit to balrey breaking even now cos i didnt wait out a trade id made selling from high 97s and from 100.50s!! How do you have the pateience and not greed but not liek want to cash in before your target level to lock in that cash??
I have made a big bet that the economy would be TAKEN down, not only in the U.S. but all other parts of the world. This is the backbone of my macro based demand destruction play and my trade is following this trend. Everything I see and measure continues to support this position, so I am not worried about price flucuations against this MAIN trend. I will continue to hold SHORT until we break into the zone of $85 to $77 which I do feel is EXCEPTIONALLY probable going forward.