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The Swamp

  • #60,381
  • Apr 21, 2020 6:00am Apr 21, 2020 6:00am
Quoting Boulder
{quote} I missed that my TP by spread
greedy, you took some after the bounce, my sell is on 0825 and 0830
  • #60,382
  • Apr 21, 2020 6:03am Apr 21, 2020 6:03am
Quoting gatenio
{quote} greedy, you took some after the bounce, my sell is on 0825 and 0830
not greedy... its called 'fearless'.... by following the trends....I just added another one 0833 ..
  • #60,383
  • Apr 21, 2020 6:05am Apr 21, 2020 6:05am
Quoting Boulder
{quote} not greedy... its called 'fearless'.... by following the trends....I just added another one 0833 ..
i don't have large account im humble.
waiting to the daily S2 and then in start buy some.
maybe i will close it early cause im chicken
  • #60,384
  • Apr 21, 2020 6:06am Apr 21, 2020 6:06am
Quoting gatenio
{quote} i don't have large account im humble. waiting to the daily S2 and then in start buy some. maybe i will close it early cause im chicken
what is number for daily S2?
  • #60,385
  • Apr 21, 2020 6:10am Apr 21, 2020 6:10am
Quoting swd
{quote} Too right, it's a different world to what "traders" live in behind desks. I've heard stories, if contract comes to settle and they don't have the goods to fulfil the contract, jees. Better watch out.
My point is, if you have no intention on taking the oil. Your speculating, gambling your contract ends at a certain price. a single 1000 barrel contract bought at 20 pb. 20k.. may have ended yesterday at -55k. Speculators had/have more risk than people who can receive oil. I think our leader lured/coned some retail speculators in. With BS about storage and making a fake Opec deal.

A first grader can understand the concept of a full glass. We got people with lots of money who dont.
those who can, do. those who cant, talk about those who can
  • #60,386
  • Apr 21, 2020 6:11am Apr 21, 2020 6:11am
Quoting Boulder
{quote} what is number for daily S2?
0812
  • #60,387
  • Apr 21, 2020 6:15am Apr 21, 2020 6:15am
Quoting gatorinla
{quote} My point is, if you have no intention on taking the oil. Your speculating, gambling your contract ends at a certain price. a single 1000 barrel contract bought at 20 pb. 20k.. may have ended yesterday at -55k. Speculators had/have more risk than people who can receive oil. I think our leader lured/coned some retail speculators in. With BS about storage and making a fake Opec deal. A first grader can understand the concept of a full glass. We got people with lots of money who dont.
Understood and succinctly put
  • #60,388
  • Apr 21, 2020 6:15am Apr 21, 2020 6:15am
Quoting gatenio
{quote} i should've close it at 0824 hope i get more chance. i want to take it higher
the week indicated near 0812 to be tested or less. it got near at 0819.. but I think it will go more. Nothing wrong with skimming the cream off the top. The first 40 pips were textbook near 0840.. wash rinse and repeat the next day.. the day 0840 is in line with week 0812
those who can, do. those who cant, talk about those who can
  • #60,389
  • Apr 21, 2020 6:17am Apr 21, 2020 6:17am
Quoting Boulder
{quote} not greedy... its called 'fearless'.... by following the trends....I just added another one 0833 ..
Boulder. U r just my hero Hua Ren Jia "Fearless:
  • #60,390
  • Apr 21, 2020 6:19am Apr 21, 2020 6:19am
Quoting gatenio
{quote} 0812
ok thanks... if Eu reaches there 0812, adr only 58.. with 20 day average adr @ 86.. need to consider that...
Good luck with your trade.. it may work...
  • #60,391
  • Apr 21, 2020 6:21am Apr 21, 2020 6:21am
Quoting HockMan
{quote} Boulder. U r just my hero Hua Ren Jia "Fearless:
the reason.. position size is very important.. don't over leverage...trade aggressively when in trends... trade selectively or wait out when against trends
  • #60,392
  • Apr 21, 2020 6:24am Apr 21, 2020 6:24am
Quoting swd
{quote} Understood and succinctly put
It's like who would have thought oil would be so cheap. They should have thought to have extra storage available. Just saying.
those who can, do. those who cant, talk about those who can
  • #60,393
  • Apr 21, 2020 6:26am Apr 21, 2020 6:26am
Quoting gatorinla
{quote} in 2008 the supply was high. All storage was full. But the demand didnt fall so much.. Today is the same, but the demand is much lower than 2008. Someone should have spent the money to build salt dome storage.. They could buy oil today at 5pb and sell it later.
oh, someone did have the thought.
those who can, do. those who cant, talk about those who can
  • #60,394
  • Apr 21, 2020 6:26am Apr 21, 2020 6:26am
Quoting gatorinla
{quote} change to 0824... day is 0824,, week 0829.. h close below 0824 stronger. Some possible R if lost later 0824/29
this 0824/25 support is tough... maybe have to wait for US markets open to push through it..
  • #60,395
  • Apr 21, 2020 6:29am Apr 21, 2020 6:29am
Quoting Boulder
{quote} this 0824/25 support is tough... maybe have to wait for US markets open to push through it..
Sorry i didnt post it yesterday.. I forgot to post the new week. regaudless, the week lower usually will test 812ish or less .. it came close at 0819, but all the other signals we have point lower.. 0777 may be tough also. maybe you can scalp using 0824/29
those who can, do. those who cant, talk about those who can
  • #60,396
  • Apr 21, 2020 6:30am Apr 21, 2020 6:30am
Quoting gatorinla
{quote} It's like who would have thought oil would be so cheap. They should have thought to have extra storage available. Just saying.
Not a requirement if your are speculating as you correctly said. Hoping to buy cheap and sell higher blew up in the face. But, if you really want cheap oil, dig a big hole in the ground and sink a container and store it there, big warehouse with fire safety, farm buildings maybe, not sure on the rules in the US. But yes it does make one wonder. It's like buying a car, if you only have enough money to buy one car, you don't buy a 2 seater when you have a family of five. You have to have more vision than that with commodities that deliver.
  • #60,397
  • Apr 21, 2020 6:32am Apr 21, 2020 6:32am
Quoting gatenio
{quote} 0812
btw,, once EU reaches your number, I will pause shorts for today...I will reload shorts at 0840s, 0850s and more...
  • #60,398
  • Apr 21, 2020 6:36am Apr 21, 2020 6:36am
Quoting swd
{quote} Not a requirement if your are speculating as you correctly said. Hoping to buy cheap and sell higher blew up in the face. But, if you really want cheap oil, dig a big hole in the ground and sink a container and store it there, big warehouse with fire safety, farm buildings maybe, not sure on the rules in the US. But yes it does make one wonder. It's like buying a car, if you only have enough money to buy one car, you don't buy a 2 seater when you have a family of five. You have to have more vision than that with commodities that deliver....
-35 oil may have been enough to fund the entire project. When later resold for 25+.. thats net 60$ oil..
those who can, do. those who cant, talk about those who can
  • #60,399
  • Apr 21, 2020 6:38am Apr 21, 2020 6:38am
Quoting Boulder
{quote} btw,, once EU reaches your number, I will pause shorts for today...I will reload shorts at 0840s, 0850s and more...
me too like i said i want to buy some.. there is a lot of room to scalp
  • #60,400
  • Apr 21, 2020 6:42am Apr 21, 2020 6:42am
Quoting gatorinla
{quote} -35 oil may have been enough to fund the entire project. When later resold for 25+.. thats net 60$ oil..
You're probably right. Of course the country benefitting the most out of this will be China who can top up their reserves for cheap cheap lol
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