DislikedAfter the gap my analysis is telling me we need to go back to 55.40 and wait for a bounce there and I will reanalysis that if we are developing a bull trend or we could still see some surprises as 47.27 {image} {image}Ignored
DislikedAfter the gap my analysis is telling me we need to go back to 55.40 and wait for a bounce there and I will reanalysis that if we are developing a bull trend or we could still see some surprises as 47.27 {image} {image}Ignored
Disliked{quote} There has been a whole lot of bouncing lately. I think up will be the end result for a while though. Too many political opportunities.Ignored
Disliked{quote} Up is the result the point is from where? where is the best place for buying?Ignored
Disliked{quote} It depends on your time-frame but if you are willing to hold for at least a week under 60 is a good entry point in my opinion.Ignored
DislikedThe 50.50 is coming in!! But will be better something around 47 {image}Ignored
Disliked{quote} Man, some good opportunities for shorting then, at least after/before rebound(s) 47 seems a very interesting number.. hope not many people would start thinking about interventions...Ignored
Disliked{quote} Remember I could not sell oil. I will wait just for buying!Ignored
Disliked{quote} Why you can't sell it? BTW due my 7day trade.. my weekly profits shows 38.4% atm for WTI OIL.. But overall is 9.8%.. Was sure happy to close the trade after it was torturing me for a week... And specially happy after... when this rebound escalated somewhat And thirdly.. I am happy I can enter the SELL again, next week probably.. from much higher position, so epic shorting ahead, if all goes wellIgnored
Disliked{quote} Because i am sure that when i sell it this thing will hit 70Ignored
Disliked{quote} I can certainly understand any apprehension about being short oil after the recent Saudi attack. Believe it or not though, the options skew for oil is typically lower meaning there's a greater chance of a sudden drop rather than a sudden spike. Definitely not something I would have intuitively guessed!Ignored
Disliked{quote} Because i am sure that when i sell it this thing will hit 70Ignored
Disliked{quote} I can certainly understand any apprehension about being short oil after the recent Saudi attack. Believe it or not though, the options skew for oil is typically lower meaning there's a greater chance of a sudden drop rather than a sudden spike. Definitely not something I would have intuitively guessed!Ignored
Disliked{quote} Don't get into that mindset! I know it can feel like that sometimes but you have to trust your analysis until you know better.Ignored
Disliked{quote} I find that article deficient in so many respects. So I looked up the author's bio and he has an undergrad degree in economics from a liberal arts college..Ignored
Disliked{quote} Is that a good or a bad thing? If bad... I find many didn't even read basic wikipedia about general economic principles I mean, it's bizarre.. Some for example claim, that some units could climb to a degree when it would not even be possible.. in a pure math/logic sense... I won't touch GDP/Debt/Stimuluses even since not even some skilled economists understand it So I would say that it might be good to have some degree in "related" subject... specially if one is closer to institutional, investment banking style of trading...Ignored
Disliked{quote} Yeah, thanks - I have read the article three times now and found it to be very imprecise for something that purports to be an empirical study. Only two short sentences were devoted to crude oil being in a contango. Cash prices ought be used to keep it simple. Skewness isn't even defined. Since that is what the article is about, that I thought would have been kinda important. "Might" have something to do with rise in US oil production since 2008, but relevant options data prior to 2008 is not available. Hmmm - the Senior Economist at CME,...Ignored
DislikedHowever I don't think any of this is precise enough to us trading on 100:1 margins, many with small accounts and tight stops with short trading horizons. I know some traders who specialize and who have deep pockets can afford to take a hundred things into consideration and hopefully they do it in a much more robust manner than Mr Norland.Ignored