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  • #112,781
  • Jun 19, 2009 1:01pm Jun 19, 2009 1:01pm
Quoting gatorinla
believe or not these numbers come from charts pryer to nov. 2000... they just seem to work..
Ouch! I don't see any similarity with that period. You make me feel a fool
Close your eyes when you feel you are going under.
  • #112,782
  • Jun 19, 2009 1:02pm Jun 19, 2009 1:02pm
Quoting Atlast
Should have posted a little more room to breathe, but got back in, I may lose, but 2 loses in a row to end is not bad after this week, and the weekend leaves a nice time to get over it. Late in the session.
No offense, as I learn a lot from your posts. Still have learn to work with the pitchfork. Hopefully not in real life
Close your eyes when you feel you are going under.
  • #112,783
  • Jun 19, 2009 1:05pm Jun 19, 2009 1:05pm
Quoting gatorinla
my real picture is on my page.. click my name and you will see me..
It says service unavailable
  • #112,784
  • Jun 19, 2009 1:06pm Jun 19, 2009 1:06pm
Quoting VinzZ
No offense, as I learn a lot from your posts. Still have learn to work with the pitchfork. Hopefully not in real life
No, didn't take it that way at all, don't mind criticisms either, so long as they're not personal
  • #112,785
  • Jun 19, 2009 1:08pm Jun 19, 2009 1:08pm
Hi PipGal,

Nice article, I posted it over in the JPY forum. How much further can the rally in stocks go before we see some sort of retracement? Oil prices going higher can't be good news either. I'm not sure about Jamie's analysis that EUR/JPY will goto 113, but makes me cautious enough to get out of my long term EUR/JPY position.

Quoting PipGal
http://www.dailyfx.com/story/tophead...364198352.html

Equities and Carry Trade Topped

The respite from deflationary forces has led to a 43% rally in the S&P 500 and a 24% (2700 pips) rally in the EURJPY. Elliott wave structure and other technical considerations suggest that the rally in risk (such as carry trade and equities) is over.


Good weekend to all--


PG
  • #112,786
  • Jun 19, 2009 1:09pm Jun 19, 2009 1:09pm
Unless there is a late recovery against the move this is looking weak for the EU.
I have a +2 pip locked in.
  • #112,787
  • Jun 19, 2009 1:15pm Jun 19, 2009 1:15pm
Quoting Atlast
Unless there is a late recovery against the move this is looking weak for the EU.
I have a +2 pip locked in.
I did the same locked in +2 see what sunday brings on it. Low risk with High reward. Hopefully. Be Nice if it breaks & closes below the 61.8(M15) point instead of just hanging around there But It's Friday. Will just have to wait it out.(Stress free since locked)
  • #112,788
  • Jun 19, 2009 1:20pm Jun 19, 2009 1:20pm
See you next week all. Hope it hasn't been a draining week. have a great weekend and don't overanalyse over the weekend. It's summer time, nature is beautiful and the pubs are open.
  • #112,789
  • Jun 19, 2009 1:22pm Jun 19, 2009 1:22pm
ITS AT1.3950 RIGHT NOW.....I took a Short there as well...I have a stop in though....we shall see....
  • #112,790
  • Jun 19, 2009 1:22pm Jun 19, 2009 1:22pm
update on oil.. storage is tighter. then it was last week... india has most of east and gulf coast storage close to full with mostly gasoline.... i called ok. and they were full untill today.. they had a draw.. so that tells me they are almost full also.. tick tock time to rock..bubble bath time..
those who can, do. those who cant, talk about those who can
  • #112,791
  • Jun 19, 2009 1:27pm Jun 19, 2009 1:27pm
WELL IT SHOT UP TO 1.3956 and took out my stop........I tried one more time at this level.....
  • #112,792
  • Jun 19, 2009 1:27pm Jun 19, 2009 1:27pm
Quoting VinzZ
Ouch! I don't see any similarity with that period. You make me feel a fool
its my benchmark.. for building charts where no charts exist..i will shut up... lets just see what happens with the numbers.. over the next few months, years
those who can, do. those who cant, talk about those who can
  • #112,793
  • Jun 19, 2009 1:45pm Jun 19, 2009 1:45pm
Quoting Atlast
It says service unavailable
works 4 me..
those who can, do. those who cant, talk about those who can
  • #112,794
  • Jun 19, 2009 1:53pm Jun 19, 2009 1:53pm
Quoting gatorinla
r.i.p. euro
I hope so
  • #112,795
  • Jun 19, 2009 2:05pm Jun 19, 2009 2:05pm
Quoting BoredToLoose
My best trade: Short 1.4330 TP 1.3790.

Now new shorts at 1.3973/1.3999.

It's dropping like my range was telling me, but I was waiting to see at least 1.4011 to add my big shorts, damn miss again by 11 pips.
See the number!!

This time I didn't miss!
According one of my newly temporal ranges, we can't see new up moves now until we see new low, so below 1.3750.

I have 4 shorts 10%MM more than usual average 1.3976. because I have shorted one at 1.3944.

SL not mentioned, but if you read between the lines you can find by yourself.

GL and nice weekend all
  • #112,796
  • Jun 19, 2009 2:16pm Jun 19, 2009 2:16pm
Quoting gatorinla
update on oil.. storage is tighter. then it was last week... india has most of east and gulf coast storage close to full with mostly gasoline.... i called ok. and they were full untill today.. they had a draw.. so that tells me they are almost full also.. tick tock time to rock..bubble bath time..
I chased OIL all day today. The only trade I took and holding it over the eek end and maybe over the next month.

See what pathetic explanation Bloomberg has for the oil drop. Mwahahaha, mf pumpers. The article is so bad I won't post it here so ppl don't confuse this thread with a trash bin.

[EDIT] Oh, sh!t I read through the end of the article and discovered they started pull out the old "blown pipes" trick. Jerks! BBG I hope all your friends lose their money and rott in hell. OIL fair price is $50/brl and I am counting on a 40$ quote if not less. Mwahahahaha
  • #112,797
  • Jun 19, 2009 3:19pm Jun 19, 2009 3:19pm
I was curious about the oil storage issues gatorinla & TheFisherman have been talking about, so I started surfin the net to find out more.

First article I found was actually a good place to start...

http://europe.theoildrum.com/node/5384

Have a good weekend everybody!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #112,798
  • Jun 19, 2009 4:20pm Jun 19, 2009 4:20pm
Quoting gatorinla
update on oil.. storage is tighter. then it was last week... india has most of east and gulf coast storage close to full with mostly gasoline.... i called ok. and they were full untill today.. they had a draw.. so that tells me they are almost full also.. tick tock time to rock..bubble bath time..
My question for gator is: if oil inventories in storage have been tightening up so much and there is no increase in consumption because of the recession, why has the price of oil been rising and holding higher?

One answer to this question provided in the comments below the article I posted above....:

"I think the market is telling us that the storage numbers especially for the US are bullshit and I'm in agreement. The market is telling the US to show its hand and I think that a big bluff has been called. We will see fairly soon but I have no problem siding with Mr Market.

I'd not be surprised to see the oil market actually go into backwardation in the next month or so with the front month rising strongly. My opinion is its either going to do that soon or its seriously out to lunch and this report is correct and we crash and should have seen falling oil prices for several months anyway."

Me? I'm not so sure, hey what do I know? But I still lean bearish on the dollar.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #112,799
  • Jun 19, 2009 4:37pm Jun 19, 2009 4:37pm
Quoting The Fool
My question for gator is: if oil inventories in storage have been tightening up so much and there is no increase in consumption because of the recession, why has the price of oil been rising and holding higher?

One answer to this question provided in the comments below the article I posted above....:

"I think the market is telling us that the storage numbers especially for the US are bullshit and I'm in agreement. The market is telling the US to show its hand and I think that a big bluff has been called. We will see fairly soon but I have...
Only one thing you're missing. US is caught between bad and worse at this moment. US has no hand to show because there's no hand to play. On the one hand there's the debt and on the other the oil prices. Not really much choice is it? For the moment they chose debt. With Iraq still under occupation there's still some room to maneuver but debt is debt and it has to be solved.

[EDIT] Oh and I forgot Canada of course as a cheap oil supplier...

So what if the economy is suffering b/c oil? Didn't anybody tell them it's a CRISIS???
-----

The post above has some very peppered satire. Take it as a joke comment about truth.
  • #112,800
  • Jun 19, 2009 4:54pm Jun 19, 2009 4:54pm
Quoting TheFisherman
On the one hand there's the debt and on the other the oil prices.

So what if the economy is suffering b/c oil? Didn't anybody tell them it's a CRISIS???
-----
Well, as usual, I'm sure of nothing. The conspiracy theorists who posit that the big inventory glut is being engineered by the oil companies in order to precipitate a crash in the oil price, thereby injuring the renewable energy market....probably have more than a few subcribers.

I have not come across the conspiracy theorists who say that the price of oil is being manipulated higher by the secret socialist one-world government in order to float the renewable energy market...but they are probably out there, too.

Either way, I've got a good bicycle and if I make enough trading the E/U, one of the home projects near the top of the list is to install about 6 kW of photovoltaic cells on the barn roof, so I can charge the new lectric scooter. Some of those things will do 0-60 in about 3 sec...
"If The Fool persists in his Folly he will become wise." - William Blake
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