Crude Crude Crude

[spanish89]

Lets wait till tuesday/wednesday and see if i am right and your all wrong...

Or if im wrong and your all right!

 

[doberman]

Do not totally understand that post? "On the way down till the 3th up to fall back" huh?

Sorry should not come home from the pub at 2am and posting,

What I think I meant is On the way down to the 3th of july (eu interest rates up) then fall back half the gain.

 

[prop]

"Lets wait till tuesday/wednesday and see if i am right and your all wrong...

Or if im wrong and your all right! "


why dont you instead concentrate on doing the correct thing at the correct time regardless of whether the market is moving up down or sideways !

 

[Mr. Charts]

Excellent advice, prop, but you're wasting your time.

 

[ajtaylor]

aj

I don't normally post but your question on money management caught my eye - with £950 you shouldn't be trading crude! It's ATR is currently 450/day - at £3/point you will last about 3 days at the most and be claimed as another scalp by IG. Start on the smaller stuff and work up.

Since i posted my last i had a weekend away, and reflected on the whole £2/3 pp and realised the way the market is it perhaps was not that smart an idea so i am only trading £1 pp now with a little bit more money. Not trading currently as the market is all over place.

It was very interesting what Spanish put, we will have to wait for the rest of the outcome!!!!!!

 

[ajtaylor]

What's other peoples views on what oil is gonna do? if things calm down i am swaying towards Spanish's prediction.

Only because i agree that every consumer will be priced out of the market..

 

[gooseman]

what has suddenly changed that prices consumer s out of the market? the extra $3? no-oil is still heading north.

 

[spanish89]

OK he is what will actually happen...

(You can all ignore me like normal n think it a joke, but the last 5 times i was correct in my forecast)

Oils gna fall back about $1 on open on monday, hover abit, then go up abit more to between 142 and 145.
But once it hits 143/45 all the big buyers who are in the pits buying it will suddenly realise probs during their lunch break that no1 will actually be able to afford to pay that much to buy the oil off them!!


The big airlines n petrol stations will still have to buy oil as they cant survive without it...,
but they will but over 25% less oil as they will have to have a big scale down on the number of flights they can run, as no passengers and petrol station customers will be able to keep affording n using oil at the current rate they do when its this expensive.

So everyone will cut down buying the oil,
And so these big buyers will then relaise they are gna be fked cos will be stuck with a load of spare extremely high pice oil!!


THerefore they will all start to try and shift it quick back into the market at discount prices, and therefore the price will fall back to around 135/137.

Ohhh ooooh!!!

Looks liek the Spanish stallion was right again!!! :cheesy::cheesy:


How many times in a row is that now??

7 i believe....


To lets see.... ZERO WRONG, cos ftse back up over 100points just liek as ai forecasted too!!

 

[ajtaylor]

you are probably right, i was really speaking aloud in regards of how far the airlines are prepared to go and also transport companies. surely the line has to be drawn somewhere?

 

[arabianights]

Ohhh ooooh!!!

Looks liek the Spanish stallion was right again!!! :cheesy::cheesy:


How many times in a row is that now??

7 i believe....


To lets see.... ZERO WRONG, cos ftse back up over 100points just liek as ai forecasted too!!

Shame you were stopped out first, eh?

 

[spanish89]

i didnt even trade the oil this time cos just didnt have the cpital to risk it... lol

 

[gooseman]

spanish-you said it would trade in a 3% range?! Jesus narrow it down there a bit!

better lucky than good i guess.

more importantly did you actually trade it?

 

[prop]

"Looks liek the Spanish stallion was right again!!! "


pure genius, you cant argue with the main Man,

i see paul rotter was in your chat room asking for tips earlier !

 

[arabianights]

With such predictive skills the stallion can afford to relax.

 

[si1503]

I traded out in the 142's. Nice gain, waiting to pull back in 130's or fully establish above 140 before making another play. Besides my capital is also tied up elsewhere right now. I still see oil pushing 150 sometime soon, unless there is a major shift in the fundamental factors affecting the price.

 

[spanish89]

With such predictive skills the stallion can afford to relax. What most impressed me was the way he got up at three today and within ten minutes was on the vodka.

Do we really have to not only analyse but then publicly broadcast my personal lifestyle and drinking on here???! :idea:

 

[spanish89]

That vodkas all gone now anyways..

So im gna have to go buy some of that island magic white rum tomorrow.

 

[arabianights]

Ok... I've removed it if you want to edit it out of your post too

 

[ajtaylor]

Another good comeback for oil!

So spanish are you trading today? If so what does the crystal ball say??

Andy

 

[spanish89]

Today's closed trades (Full Trade History)
Contract Order # Date/Time Buy/Sell £/tic Tic Size Price Profit/Loss
Brent Crude - Daily
Brent Crude - Daily 5398805 01/07/2008 14:16 Sell 1 0.01 142.53
Brent Crude - Daily 5398897 01/07/2008 14:29 Sell 1 0.01 142.97
Brent Crude - Daily 5398985 01/07/2008 14:38 Buy 1 0.01 143.00 £-3.00
Brent Crude - Daily 5398995 01/07/2008 14:39 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude - Daily 5398995 01/07/2008 14:16 Sell 1 0.01 142.53
Brent Crude - Daily 5399311 01/07/2008 15:00 Buy 1 0.01 142.37 £16.00
Brent Crude Aug Fut - 14 Jul 08
Brent Crude Aug Fut - 14 Jul 08 5398765 01/07/2008 14:12 Sell 1 0.01 142.80
Brent Crude Aug Fut - 14 Jul 08 5398791 01/07/2008 14:15 Buy 1 0.01 142.45 £35.00
Brent Crude Aug Fut - 14 Jul 08 5399051 01/07/2008 14:43 Sell 1 0.01 142.95
Brent Crude Aug Fut - 14 Jul 08 5399092 01/07/2008 14:47 Buy 1 0.01 142.87 £8.00
Brent Crude Aug Fut - 14 Jul 08 5399115 01/07/2008 14:48 Sell 1 0.01 142.71
Brent Crude Aug Fut - 14 Jul 08 5399453 01/07/2008 15:05 Buy 1 0.01 142.32 £39.00
Brent Crude Aug Fut - 14 Jul 08 5399474 01/07/2008 15:06 Sell 2 0.01 142.30
Brent Crude Aug Fut - 14 Jul 08 5399552 01/07/2008 15:06 Sell 2 0.01 142.30
Brent Crude Aug Fut - 14 Jul 08 5399552 01/07/2008 15:13 Buy 2 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5399562 01/07/2008 15:14 Buy 2 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5399562 01/07/2008 15:06 Sell 2 0.01 142.30
Brent Crude Aug Fut - 14 Jul 08 5399889 01/07/2008 15:47 Buy 2 0.01 142.08 £44.00
Brent Crude Aug Fut - 14 Jul 08 5399918 01/07/2008 15:48 Sell 2 0.01 141.74
Brent Crude Aug Fut - 14 Jul 08 5400026 01/07/2008 15:58 Buy 2 0.01 141.59 £30.00
Brent Crude Aug Fut - 14 Jul 08 5400034 01/07/2008 16:00 Sell 2 0.01 141.74
Brent Crude Aug Fut - 14 Jul 08 5401469 01/07/2008 18:55 Buy 2 0.01 141.56 £36.00
Brent Crude Aug Fut - 14 Jul 08 5401521 01/07/2008 18:57 Sell 2 0.01 141.26
Brent Crude Aug Fut - 14 Jul 08 5401548 01/07/2008 19:00 Buy 2 0.01 140.98 £56.00
Brent Crude Aug Fut - 14 Jul 08 5401556 01/07/2008 19:01 Sell 2 0.01 141.20
Brent Crude Aug Fut - 14 Jul 08 5401574 01/07/2008 19:03 Buy 2 0.01 141.00 £40.00
Brent Crude Aug Fut - 14 Jul 08 5401586 01/07/2008 19:04 Sell 2 0.01 140.87
Brent Crude Aug Fut - 14 Jul 08 5401599 01/07/2008 19:05 Buy 2 0.01 140.62 £50.00
Brent Crude Aug Fut - 14 Jul 08 5401610 01/07/2008 19:06 Sell 3 0.01 140.48
Brent Crude Aug Fut - 14 Jul 08 5401622 01/07/2008 19:07 Buy 3 0.01 140.36 £36.00
Brent Crude Aug Fut - 14 Jul 08 5401646 01/07/2008 19:08 Sell 2 0.01 140.31
Brent Crude Aug Fut - 14 Jul 08 5401691 01/07/2008 19:13 Sell 1 0.01 140.71
Brent Crude Aug Fut - 14 Jul 08 5401729 01/07/2008 19:21 Buy 1 0.01 140.47 £24.00
Brent Crude Aug Fut - 14 Jul 08 5401761 01/07/2008 19:25 Buy 2 0.01 140.17 £28.00
Brent Crude Aug Fut - 14 Jul 08 5401763 01/07/2008 19:27 Sell 2 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5401800 01/07/2008 19:32 Sell 1 0.01 141.10
Brent Crude Aug Fut - 14 Jul 08 5401950 01/07/2008 19:55 Buy 1 0.01 141.22 £-12.00