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The Really Useless Thread

  • #33,961
  • Nov 16, 2011 9:49am Nov 16, 2011 9:49am
trying a short USOil @ 102
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Don't be a hero. Don't have an ego. Always question yourself
  • #33,962
  • Nov 16, 2011 9:49am Nov 16, 2011 9:49am
Quoting Venice
Isn't it just slightly over half the amount of crude??
well it depends on the type of oil but the average is about 10% of the distilled product is gasoline so each barrel of oil will make about 4.2 gallons of gas

venezuelan crude will only yield about half that 5% of distilled product whereas texas oil is about 30% so texas oil you will get about 12.8 gallons

with all the types averages its about 19 gallons of gas per barrel that would be for gas domestically and foreginly produced and refined

so texas and arabian crude are the best oils to use bc you will get about 12.8 gallons of gas per barrel
crazy
  • #33,963
  • Nov 16, 2011 9:51am Nov 16, 2011 9:51am
Quoting fxswing
Hello people

Buying time for me in the 1.3450-1.3470, zone will post a chart later.
Stops on a tight 25-30 pips leach, new low would invalidate the buying opportunity.
Time to tighten the leach...
Moving stops at B/E on the swing trade @1.3459, and establishing targets.
PA looks to validate the potential for this long trade.

Swing trade (2-5 days expected)

Entry: 1.3459
Stop : 1.3459

Target1: 1.3686

Target2: 1.3836 (optional or with re-entry long trades)
Target3: 1.4040 (optional or with re-entry long trades)
Getting it right is NOT as important as not getting it wrong.
  • #33,964
  • Nov 16, 2011 9:54am Nov 16, 2011 9:54am
Quoting fxswing
Time to tighten the leach...
Moving stops at B/E on the swing trade @1.3459, and establishing targets.
PA looks to validate the potential for this long trade.

Swing trade (2-5 days expected)

Entry: 1.3459
Stop : 1.3459

Target1: 1.3886

Target2: 1.3836 (optional or with re-entry long trades)
Target3: 1.4040 (optional or with re-entry long trades)
Awesome, another fellow swing trader!
  • #33,965
  • Nov 16, 2011 9:59am Nov 16, 2011 9:59am
Quoting fxjawn
well it depends on the type of oil but the average is about 10% of the distilled product is gasoline so each barrel of oil will make about 4.2 gallons of gas

venezuelan crude will only yield about half that 5% of distilled product whereas texas oil is about 30% so texas oil you will get about 12.8 gallons

with all the types averages its about 19 gallons of gas per barrel that would be for gas domestically and foreginly produced and refined

so texas and arabian crude are the best oils to use bc you will get about 12.8 gallons of gas per...
Nice info... interesting indeed. Extremely inefficient as well. Even in it's gas form when used in vehicles, it has an terribly low efficiency rating. Oil is crap.
  • #33,966
  • Nov 16, 2011 10:00am Nov 16, 2011 10:00am
Cmon you fat arse, come down.
  • #33,967
  • Nov 16, 2011 10:00am Nov 16, 2011 10:00am
Ooops made a typo on the swing trade parameters.

Target1 should be read 1.3686 and NOT 1.3886
Getting it right is NOT as important as not getting it wrong.
  • #33,968
  • Nov 16, 2011 10:01am Nov 16, 2011 10:01am
Quoting fxswing
Ooops made a typo on the swing trade parameters.

Target1 should be read 1.3686 and NOT 1.3886
Thought you were being a little zealous there, as it was originally implying at least an attempted reversal on the daily

Good number you have there though.
  • #33,969
  • Nov 16, 2011 10:06am Nov 16, 2011 10:06am
Quoting gatorinla
3519 would be a b/o formation to the N to 3576,, resistance 66/72 51/53

if 3519 is not touched then 3460 is a target. b/o below 3459 targets 3402.
there should be support in the 3424 area.
back to 3518 before up indicated? atm at 3536
those who can, do. those who cant, talk about those who can
  • #33,970
  • Nov 16, 2011 10:08am Nov 16, 2011 10:08am
Quoting gatorinla
back to 3518 before up indicated? atm at 3536
I want min 3515
  • #33,971
  • Nov 16, 2011 10:10am Nov 16, 2011 10:10am
Quoting fxjawn
well it depends on the type of oil but the average is about 10% of the distilled product is gasoline so each barrel of oil will make about 4.2 gallons of gas

venezuelan crude will only yield about half that 5% of distilled product whereas texas oil is about 30% so texas oil you will get about 12.8 gallons

with all the types averages its about 19 gallons of gas per barrel that would be for gas domestically and foreginly produced and refined

so texas and arabian crude are the best oils to use bc you will get about 12.8 gallons of gas per barrel
crazy...
you can crack it further.. turning other distillates or gases into gasoline.
those who can, do. those who cant, talk about those who can
  • #33,972
  • Nov 16, 2011 10:12am Nov 16, 2011 10:12am
Price is exactly here i left it this morning. Good thing they serve alcohol everywhere people travel..
  • #33,973
  • Nov 16, 2011 10:14am Nov 16, 2011 10:14am
Quoting gatorinla
back to 3518 before up indicated? atm at 3536
3518 is #1
3459 is #2
3454 is #3

#1 has a high % of completion. great on longer term charts.
3551 will void this.
st pa before indicated 3576 min
those who can, do. those who cant, talk about those who can
  • #33,974
  • Nov 16, 2011 10:29am Nov 16, 2011 10:29am
Quoting Venice
I want min 3515
u got it
those who can, do. those who cant, talk about those who can
  • #33,975
  • Nov 16, 2011 10:32am Nov 16, 2011 10:32am
Quoting gatorinla
u got it
Yep, actually gave me my best r/r as well, l @ 3500.
  • #33,976
  • Nov 16, 2011 10:43am Nov 16, 2011 10:43am
Quoting fxjawn
well it depends on the type of oil but the average is about 10% of the distilled product is gasoline so each barrel of oil will make about 4.2 gallons of gas

venezuelan crude will only yield about half that 5% of distilled product whereas texas oil is about 30% so texas oil you will get about 12.8 gallons

with all the types averages its about 19 gallons of gas per barrel that would be for gas domestically and foreginly produced and refined

so texas and arabian crude are the best oils to use bc you will get about 12.8 gallons of gas per...
Wow.... If I didn't know better I'd say u worked on an oil rig in a previous life
  • #33,977
  • Nov 16, 2011 10:50am Nov 16, 2011 10:50am
Quoting Wulfgar
Wow.... If I didn't know better I'd say u worked on an oil rig in a previous life
lol hi bro... i was giving u shit last night to make u talk to me but u would not

u just came online to be all sassy about bein bullish then when u logged off the ecb crashed the rally lol
  • #33,978
  • Nov 16, 2011 10:52am Nov 16, 2011 10:52am
Quoting Wulfgar
Wow.... If I didn't know better I'd say u worked on an oil rig in a previous life
thats just some facts i have retained from reading about it...

the stuff i learned on the rig was about how they get it out of the ground and from what formations and why.. which is also very interesting...
  • #33,979
  • Nov 16, 2011 10:54am Nov 16, 2011 10:54am
im never sleeping again fuc it....

just on the weekends
  • #33,980
  • Nov 16, 2011 10:55am Nov 16, 2011 10:55am
Quoting Venice
Yep, actually gave me my best r/r as well, l @ 3500.
And, 5m is starting to freakeshly look like a H&S. boo. lol.

In demand zone on 15m. Let's see where she goes.
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