KillPhil08
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Nice short pippy. Congrats!
went short oil from 38.00 to 36.75 today
went again short at 37.15, maybe not the best price any more, but HEY as long as it works,i will keep shorting.. as dow will dive to new lows, oil wil surely move rapidly lower before your eyes, you will probably get no chance to get a good price in a declining trend, and you better be in it.. yeah oil is famour for its volatility always use stoplosses, if you dont want to use stoploss go trading the iceland stock exchange .
furthermore one can always decide to take a loss, if you look at last week
i took a mere 9 pip loss on a currency trade, after which i gained a 180pip on the next.
surely, i risk only a % of the ACcumulated gains.
the time i have to pick a loss on oil will come, and could be very close
other option is to go fishing if you want have no risk, but fishing is surely boring
oil brought some luck last week
take care
the reason that.. euro behaves like that.. is because euro/usd could be in a triangle.. after that.. euro should thrust sharply lower..