Crude Crude Crude

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futuresx

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• Jun 18, 2008

• #1

Lots of equity and fx guys here....anybody looking at energy?

Either way, I'm long Aug Brent Crude at 13250. Limit 13650. I'll be out if it breaks 13050.

 

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futuresx

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• Jun 18, 2008

• #2

Planning to close 1/2 at $133.50 ( if the price goes retraces that far ) and will moving stop on rest to B/E

 

A

atrim

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• Jun 18, 2008

• #3

I bought at 13246 and sold at 13304. Kicking myself now...

 

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futuresx

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• Jun 18, 2008

• #4

Don't kick too hard Atrim....it happens.

A quick strong move up out of the $132 area. Limit was hit and now flat.

 

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futuresx

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• Jun 19, 2008

• #5

Short Aug Brent Crude at $137. Stop at 139.70 Looking for a $133ish at some point before Friday. Either way I'll be out by close of play tomorrow considering the summit this weekend.

 

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futuresx

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• Jun 19, 2008

• #6

a quick 100 pts. 1/3 closed at $136.00. leaving the rest run for the moment.

 

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futuresx

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• Jun 19, 2008

• #7

all closed. last two thirds closed 133.50. a really really quick 350 points.

 

A

atrim

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• Jun 19, 2008

• #8

I'm just in Long 50 points up so far...

 

A

atrim

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• Jun 19, 2008

• #9

Grabbed 64 points and out...

 

F

futuresx

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• Jun 19, 2008

• #10

good stuff. is this your core market?

 

A

atrim

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• Jun 19, 2008

• #11

No. I'm a newbie. I just take random punts.

 

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futuresx

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• Jun 19, 2008

• #12

atrim said:

No. I'm a newbie. I just take random punts.

Click to expand...

best market in the world this one!

not too sure about taking random punts but just go with your gut feeling and be prepared to get abolsutely hammered every now and again. afer all a good loss keeps you on your toes!

 

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futuresx

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• Jun 19, 2008

• #13

in again. long aug brent crude at 132.68 - stop a shade below 130.50. looking for $135

 

A

atrim

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• Jun 19, 2008

• #14

I've grabbed a long again too. Hopefully this bottom in line with yesterday and Tuesday will hold. Waited a bit too much before clicking the button so currently 25 points in red.

 

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futuresx

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• Jun 19, 2008

• #15

atrim said:

I've grabbed a long again too. Hopefully this bottom in line with yesterday and Tuesday will hold. Waited a bit too much before clicking the button so currently 25 points in red.

Click to expand...

for me an entry anywhere between 132 and 133 is a good entry. I guess it depends on how much in the red your stomache can take though! you should be a good few points up though now

 

A

atrim

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• Jun 19, 2008

• #16

I was but I'm not now. Maybe I should not look.

 

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futuresx

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• Jun 19, 2008

• #17

atrim said:

I was but I'm not now. Maybe I should not look.

Click to expand...

turn the computer off and walk away and turn it back on in 20 or 30 minutes after a brew or something stronger.

how many pts are you after here?

 

A

atrim

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• Jun 19, 2008

• #18

OK its loooking better now. I'd like to get 100 plus points. I keep clicking close when I have 50 or so. I need to be more patient/brave/greedy....

 

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futuresx

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• Jun 19, 2008

• #19

atrim said:

OK its loooking better now. I'd like to get 100 plus points. I keep clicking close when I have 50 or so. I need to be more patient/brave/greedy....

Click to expand...

Not sure how newbie you are but....

I'd suggest covering your positions bit by bit and move your stop up accordingly. In this trade I'm shooting for 250 points. I will cover 1/2 at 100pts and let the rest run taking another 1/4 off the table when the price moves up by another 50 and then the final 1/4 will be left on for another 50 or so.

If the price moves up 99pts and then comes straight back down to my entry so what...it makes little difference as you an always fire another few lots out there.

 

A

atrim

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• Jun 19, 2008

• #20

I'm pretty green [new] at this so dont be shy with the advice. I'm a bit confused by the prices today as I've used a different site for my bets because it has tighter spreads and quicker execution. However the charts I look at are for US light crude and the one I'm betting on is called NYMEX light crude. They appear to move the same but the prices are different.