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Sweet, sweet Oil

  • #41
  • May 6, 2008 3:05am May 6, 2008 3:05am
hey traders

this thread has to be revived since oil is probably the most talked about subject today.

anyway does anyone know a good site only about oil
inventories supply demand.....
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #42
  • May 6, 2008 3:16am May 6, 2008 3:16am
Quoting salah k.
hey traders

this thread has to be revived since oil is probably the most talked about subject today.

anyway does anyone know a good site only about oil
inventories supply demand.....
OIL uptrend
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  • #43
  • May 6, 2008 6:11pm May 6, 2008 6:11pm
till when are we in an uptrend

un-freaking-believable
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #44
  • May 6, 2008 6:13pm May 6, 2008 6:13pm
i just read a title that people are waiting till 200$ o short
WTF
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #45
  • May 7, 2008 7:26am May 7, 2008 7:26am
Quoting salah k.
i just read a title that people are waiting till 200$ o short
WTF
So why not buy?

Kissfan(Roger) had it perfectly right, we ARE the speculators and pushing that buy button wasn't that hard when everyne KNEW that oil would be headed upwards. Once we hit 100, in that same day, it flew up to 103 if I remember right? That just proved the buying pressure for it. When you see the herd, it's best to join them than to get run over.

Everybody around me whines about how bad gas is and how rough 70$ in the tank is, but yet they do nothing about it. We are the cream of the crop, and we will be the ones that are rich and able to afford it IF we take the steps that are needed today in order to do so. Most of you are technical analysts- So do what you do! check out the oil charts and wait for solid buying opportunities through price action. The slightest bit of bullishness and this thing skyrockets - That's just how it goes because the herd is here and it's strong.
I dream, therefore I become.
  • #46
  • May 7, 2008 7:43am May 7, 2008 7:43am
Quoting mike w
So why not buy?

Kissfan(Roger) had it perfectly right, we ARE the speculators and pushing that buy button wasn't that hard when everyne KNEW that oil would be headed upwards. Once we hit 100, in that same day, it flew up to 103 if I remember right? That just proved the buying pressure for it. When you see the herd, it's best to join them than to get run over.

Everybody around me whines about how bad gas is and how rough 70$ in the tank is, but yet they do nothing about it. We are the cream of the crop, and we will be the ones that are rich and able to afford it IF we take the steps that are needed today in order to do so. Most of you are technical analysts- So do what you do! check out the oil charts and wait for solid buying opportunities through price action. The slightest bit of bullishness and this thing skyrockets - That's just how it goes because the herd is here and it's strong.

That's funny, this was basically the exact post I was about to write

If it is such a one way ticket, why not just hedge your gasoline expenses and buy some crude?
Simple enough(I've been demotrading Oil as my live broker doesn't have it): basically you just press buy and trail a stop a couple of times after a long setup
Trust price. Know yourself.
  • #47
  • May 7, 2008 8:01am May 7, 2008 8:01am
Will Folks i think there gonna be a few dollars up for the oil
but after that we will see a big move down
i wont go long on it actully i start to put small lots short on it
and thos r my reasons

best regards folks
sharing is carring
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Senior Trader Multi-Account Manager
  • #48
  • Edited 12:36pm May 7, 2008 12:33pm | Edited 12:36pm
SeekingLight...

If you dont mind... would you share the name of the "Broker" you "Demo" trade oil with???
Venture out and Thrive where there is no Supervision... R.L
  • #49
  • May 7, 2008 12:37pm May 7, 2008 12:37pm
Quoting mike w
So why not buy?

Kissfan(Roger) had it perfectly right, we ARE the speculators and pushing that buy button wasn't that hard when everyne KNEW that oil would be headed upwards. Once we hit 100, in that same day, it flew up to 103 if I remember right? That just proved the buying pressure for it. When you see the herd, it's best to join them than to get run over.

Everybody around me whines about how bad gas is and how rough 70$ in the tank is, but yet they do nothing about it. We are the cream of the crop, and we will be the ones that are rich and able to afford it IF we take the steps that are needed today in order to do so. Most of you are technical analysts- So do what you do! check out the oil charts and wait for solid buying opportunities through price action. The slightest bit of bullishness and this thing skyrockets - That's just how it goes because the herd is here and it's strong.

u are right
but i cant get that feeling out of my head that it might crash
it already looks too high

i mean we learnt to basically buy low sell high and not buy at the highest point.

but still the political tension is driving it higher and higher.

i think i'll oass and stick with currencies.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #50
  • May 7, 2008 1:11pm May 7, 2008 1:11pm
why should lives of millions depend on the greedy of the speculators?
this human behaviour really worries me.. but...
is it true that the price of oil really is driven by the speculation ? I don't think so.... I think there is something more... even worse...
  • #51
  • May 7, 2008 1:46pm May 7, 2008 1:46pm
Quoting emda
why should lives of millions depend on the greedy of the speculators?
this human behaviour really worries me.. but...
is it true that the price of oil really is driven by the speculation ? I don't think so.... I think there is something more... even worse...
u r right my friend the lives of billions are in the hands of a few

and this whole thing is only about filling their pockets
I'd like to think that there is hope left but the truth is unless we torture them and then kill them theres no cure for the world.

the best we can do is try to make use of their greed to be able to feed our families because we cant face them.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #52
  • May 7, 2008 2:11pm May 7, 2008 2:11pm
Quoting FXWHEELS
SeekingLight...

If you dont mind... would you share the name of the "Broker" you "Demo" trade oil with???

Sure. North Finance. Their demo doesn't expire, so you can actually look back over your stuff over time. They also have gold, silver, DJI, S&P(both demo tradeable futures), DAX(not tradeable) and the normal FX shebang.

No idea whether as a real broker they're any good, but they're very useful as a demo feed.
Trust price. Know yourself.
  • #53
  • May 7, 2008 3:43pm May 7, 2008 3:43pm
Thank you SeekingLight much appreciated.
Venture out and Thrive where there is no Supervision... R.L
  • #54
  • May 7, 2008 4:42pm May 7, 2008 4:42pm
Quoting xxDavidxSxx
Housing will not recover while gas is so high because people won't buy houses in fear of not being able to afford it later when gas is 5 bucks a gallon!
For the first time I am of the opinion USA is spiraling downward, and no bottom in site.
Spiraling downward, Dave? People are making this oil crisis into way of a bigger deal than it is. We've already had discussion about this, but here we go again.

USA is a river and oil is a huge rock blocking the river's path. What does the river do? It doesn't just stop and reverse. It slows down and moves around the rock.

What to do if oil is too expensive...? Hmm...

Motorcycles/smaller cars/hybrid cars/electric cars/bicycles/public transportation and any other freakin' less-oil-using car you can think of.

Stop cranking the A/C / Heater every season as much

Recycling plastics to conserve oil used in plastics.

Solar, wind, water, nuclear energy.

Just what I can think of off the top of my head. It's only a matter of time before these things become the norm IMO. My town just got its first windmill. She's a beaut
  • #55
  • May 7, 2008 4:48pm May 7, 2008 4:48pm
Quoting kharvell
Spiraling downward, Dave? People are making this oil crisis into way of a bigger deal than it is. We've already had discussion about this, but here we go again.
Oil is a big deal in the USA only coz oil is backed on the green.

For non-dollar countries (which currencies are soaring against the dollar), it's not that big deal*

Here in Brazil gas and diesel prices are unchanged for about 2 years. Oil prices are soaring at the same pace dollar is going down, so for us, it's about the same. (Oil/USD up, USD/BRL down = Oil/BRL steady :nerd:blush:

The equation is not so exact, so we just have a minor readjustment in gas prices last week. Nothing resembling the end of the world as we know it.

* as long as the dollar keeps going down while oil is soaring.

RMK: Not to mention Petrobras is so big a greedy pig that it charges Brazilian fuel international prices LOL
  • #56
  • May 7, 2008 4:56pm May 7, 2008 4:56pm
as we speak oil hit new record highs

kharvell i have the same feeling about this price becoming the norm but lets hope we r wrong because these prices cause more problems in these critical times thatn any other time.(due to political distress...)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #57
  • May 7, 2008 5:44pm May 7, 2008 5:44pm
Brent...probabily short tomorrow.....

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  • #58
  • May 7, 2008 7:43pm May 7, 2008 7:43pm
Quoting cesarnc
Oil is a big deal in the USA only coz oil is backed on the green.

For non-dollar countries (which currencies are soaring against the dollar), it's not that big deal*

Here in Brazil gas and diesel prices are unchanged for about 2 years. Oil prices are soaring at the same pace dollar is going down, so for us, it's about the same. (Oil/USD up, USD/BRL down = Oil/BRL steady :nerd:blush:

The equation is not so exact, so we just have a minor readjustment in gas prices last week. Nothing resembling the end of the world as we know it.

* as long as the dollar keeps going down while oil is soaring.

RMK: Not to mention Petrobras is so big a greedy pig that it charges Brazilian fuel international prices LOL
Hey Ya! Sad but True, my friend!
Many share my views with me. But I don't share them with them...
  • #59
  • May 7, 2008 8:27pm May 7, 2008 8:27pm
just short oil two days ago,5k loss already
  • #60
  • May 8, 2008 2:23am May 8, 2008 2:23am
Oil is scary, it rose 1300 pips in only 5 days. Even with good data, it is still rising. I wonder when it will drop....
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