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  • #172,881
  • Dec 16, 2009 3:40pm Dec 16, 2009 3:40pm
Quoting rattyo
I stumbled across this article a few weeks back regarding oil tankers.

http://www.dailymail.co.uk/news/worl...ice-hikes.html
yes they are all over the world. china recently stopped allowing single hulled tankers in their waters. so those will be used for storage also. in 2008 their were takers all over the world then also. my brother sold a tanker of oil in 2008 for 20 million less then he paid for it. as price was falling.
those who can, do. those who cant, talk about those who can
  • #172,882
  • Dec 16, 2009 3:42pm Dec 16, 2009 3:42pm
Buy euro at 1.4508 TP1=1.4574
place a pending order buy at 1.4596 SL=1.4550 TP1=1.4646 TP2=1.4675
Learn to walk before you run
  • #172,883
  • Dec 16, 2009 3:43pm Dec 16, 2009 3:43pm
Quoting SkyzerFX
In 1970th 1 USD =4 Swiss Franks. Someone told me it was even 6 franks

for the Dollar sometime ago (not sure about that)

(Now it's almost 1 for 1) devaluated x 4
In 1999 before Switzerland joined oecd i think swiss franc was backed 40 percent by gold.
  • #172,884
  • Dec 16, 2009 3:45pm Dec 16, 2009 3:45pm
Quote
Still riding my longs on EURO...closed out a bunch of shorts already....

I am a regular reader of your trading journal and i like your trading method.

If i am correct, you take one long and one short position at the same price?

I have been researching this method and backtesting it with last one year data and found out hedging gives solid positive returns.
  • #172,885
  • Dec 16, 2009 3:47pm Dec 16, 2009 3:47pm
Quoting nAVIN2007
if yur long u need to hold on to yur ass...she aint finished yet

place the seat belt

shes coming!!!!!!
Short @1.4523 SL 1.4599 TP 1.4463
  • #172,886
  • Dec 16, 2009 3:50pm Dec 16, 2009 3:50pm
Quoting gatorinla
yes they are all over the world. china recently stopped allowing single hulled tankers in their waters. so those will be used for storage also. in 2008 their were takers all over the world then also. my brother sold a tanker of oil in 2008 for 20 million less then he paid for it. as price was falling.
I would have thought Shell, Chevron, Elf these companies etc owned the oil on these tankers.

How does it work?
rat
  • #172,887
  • Dec 16, 2009 3:53pm Dec 16, 2009 3:53pm
King,

Yes essentially it can be done that way, but I don't do it that way....I buy on dips and hedge the

positions over time....you can also combine methods and hedge the hedge with another method of trading....I do so with my swings as well...


Quoting kingfisher
I am a regular reader of your trading journal and i like your trading method.

If i am correct, you take one long and one short position at the same price?

I have been researching this method and backtesting it with last one year data and found out hedging gives solid positive returns.
In Charts We Trust!
  • #172,888
  • Dec 16, 2009 3:53pm Dec 16, 2009 3:53pm
Quoting vinesh2
We haven't crashed or taken out the previous lows. Maybe setting up for a spike to possible this scenario 171775

May i ask what you refer to by 1.85 ??


Any peculiar pair?


thanks
  • #172,889
  • Dec 16, 2009 3:57pm Dec 16, 2009 3:57pm
Its actually 1.485
  • #172,890
  • Dec 16, 2009 3:59pm Dec 16, 2009 3:59pm
If we see price rise to previous trendline break levels, just note that these are simply retracements..the long term is EURUSD is definitely short.......

I am long now though...on the shorter Daily time frame, Weekly and Monthly are strong bearish outlook...
In Charts We Trust!
  • #172,891
  • Dec 16, 2009 4:02pm Dec 16, 2009 4:02pm
Quoting mikjurado
Short @1.4523 SL 1.4599 TP 1.4463
shorting here wasnt wise..i said she is coming, not that she is here.. this support will be tested a few times..u might want to get out..euro would likely retrace a bit first...around 50 fib..might be a good entry not here though as it could be basing to flex up..

dollar isnt looking to healthy on dailly right now
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  • #172,892
  • Dec 16, 2009 4:02pm Dec 16, 2009 4:02pm
daily candle closed as a inverted hangman 1 ticket to the north please
Nothing is True Everything is Permitted
  • #172,893
  • Dec 16, 2009 4:07pm Dec 16, 2009 4:07pm
Quote
King,

Yes essentially it can be done that way, but I don't do it that way....I buy on dips and hedge the

positions over time....you can also combine methods and hedge the hedge with another method of trading....I do so with my swings as well...

Thanks Mate.
  • #172,894
  • Dec 16, 2009 4:09pm Dec 16, 2009 4:09pm
Quoting kingfisher

... i like your trading method...
So do I. I appreciate X.Oden views very much.

GT

JgrB
  • #172,895
  • Dec 16, 2009 4:09pm Dec 16, 2009 4:09pm
Quoting nAVIN2007
shorting here wasnt wise..i said she is coming, not that she is here.. this support will be tested a few times..u might want to get out..euro would likely retrace a bit first...around 50 fib..might be a good entry not here though as it could be basing to flex up..

dollar isnt looking to healthy on dailly right now
we'll see!!!
  • #172,896
  • Dec 16, 2009 4:13pm Dec 16, 2009 4:13pm
referring to ogunx post: I hasn't closed yet...at this moment it looks more like a doji. Upward movement after close?
  • #172,897
  • Dec 16, 2009 4:20pm Dec 16, 2009 4:20pm
Quoting mikjurado
we'll see!!!
  • #172,898
  • Dec 16, 2009 4:20pm Dec 16, 2009 4:20pm
If you guys go back to the weekly charts to 2008 of April and July, you'll see a double top, this may occur again this time as one of the outcomes if it pulls back....

I'm just sayin...I don't foresee a straight drop down, that would be too drastic....
In Charts We Trust!
  • #172,899
  • Dec 16, 2009 4:23pm Dec 16, 2009 4:23pm
Quoting X.Oden
If you guys go back to the weekly charts to 2008 of April and July, you'll see a double top, this may occur again this time as one of the outcomes if it pulls back....

I'm just sayin...I don't foresee a straight drop down, that would be too drastic....
i think there is a really possibility of 1.4850 - 1.50 being seen but it is against my rules to trade it as the trend would appear to be down..can fall from any resistance
  • #172,900
  • Dec 16, 2009 4:24pm Dec 16, 2009 4:24pm
The most important thing if you read my thread is, trade small position sizes....I made the fundamental mistake of trying to experiment with big lots for quick gains quick with my system because well, I have confidence in my system and when you try to outsmart the markets, they slap you around everytime.....

but if you look at the recent weeks gains, utilizing the smallest lot sizes one can take on a under $100 account, the gains are quite spectacular.....now imagine compounding that overtime and using the same risks...not too bad....the part that I haven't mentioned is, I am trading that $42 account under the daily charts They said Daily's can only be done with deep pockets.....I beg to differ right?

So just use small position sizes....you can make a hundred mistakes and still come out ahead and over time, the risk really stays the same but the lot sizes grow if the account grows....

Hope I can keep up the growth of that tiny account




Quoting kingfisher
Thanks Mate.
In Charts We Trust!
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