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  • #1,141
  • Mar 15, 2015 8:39pm Mar 15, 2015 8:39pm
Quoting Toranaga
{quote} See the answer above. Thanks. :nerd:
I am glad you "know".

Because I don't know. I'm too stupid. I just trade price.

  • #1,142
  • Mar 15, 2015 8:50pm Mar 15, 2015 8:50pm
Quoting SunTrader
{quote} I am glad you "know". Because I don't know. I'm too stupid. I just trade price.
Yep. Then trade your price and over and out.
I just buy long from time to time and wait.

I KNOW that the price will go back again to 100-150 $ per Barrel in a year.
and my long therm is LONG of course.

Its about OIL, the most needed commodity on the earth.



I hope it will bottom more, so i can load up more.
How to opt out annoying user signatures ??
  • #1,143
  • Mar 15, 2015 9:36pm Mar 15, 2015 9:36pm
And I hope I can continue to short the crap out of it burning all the permabull longs as far down as it goes.

Because price goes two directions I trade two directions. Or hadn't you noticed?

Traders trade.

So keep buying. You must have a very big account to do that. You'll need it.

  • #1,144
  • Mar 15, 2015 10:17pm Mar 15, 2015 10:17pm
Quoting SunTrader
And I hope I can continue to short the crap out of it burning all the permabull longs as far down as it goes. Because price goes two directions I trade two directions. Or hadn't you noticed? Traders trade. So keep buying. You must have a very big account to do that. You'll need it.
I agree, one would need a very large account, a low leverage and alot of patients to keep buying in this ultimately super bear market...
Sort of defeats the purpose of investing if your money is not constantly working for you... seems like an unproductive slot of time and effort.. not very efficient...
and I thought I was patient...
I suppose the results will pan out something... but with that much time and money used, you might as well start a business with employees...
  • #1,145
  • Mar 15, 2015 10:57pm Mar 15, 2015 10:57pm
Quoting vaidas7777
I'm amazed how people sits withuot stops in long positions begining with 49 dollars WTI and sits in loss. And still now 72 percent sits in longs. So keep falling...
if 72% in long , surely they will drive it down , plus fundamental tells its not enough for oil
  • #1,146
  • Mar 16, 2015 3:23am Mar 16, 2015 3:23am
To many self fulfulling prophecies here. Really reminds me of people buying into xxx/chf right before the dump. All reasons sounds wise stories good and maybe even right but i stick to my long term count and i search for buying areas. I don't know about long/short ratios from brokers but in here alot is bearish and very few bull. In fact i havent met one serious bull yet.
  • #1,147
  • Mar 16, 2015 3:41am Mar 16, 2015 3:41am
Quoting DaTokyoHustl
{quote} Im actually expecting a bit of a bounce in the near future to go potential as high as 57.5 where I will get loaded up to short again. Wishful thinking, but I would ultimately like to see this cross the $40 thresh hold before the next bounce... US Gov considering on buying 5 million barrels for strategic reserve.. this may also impact... weak demand, no production cut... I will remain bear... like you as well, I can hardly wait for the rebound!
Maybe now what do you think? Do you have a source where you get all these news or is it hard research from various sources? I would love to know as much as you on fundamentals but even if i did i don't know how to use macro details profitably.
  • #1,148
  • Mar 16, 2015 6:23am Mar 16, 2015 6:23am
Quoting alayinizAMK
To many self fulfulling prophecies here. Really reminds me of people buying into xxx/chf right before the dump. All reasons sounds wise stories good and maybe even right but i stick to my long term count and i search for buying areas. I don't know about long/short ratios from brokers but in here alot is bearish and very few bull. In fact i havent met one serious bull yet.
Most traders are wrong at market turns.

A lot of bears in a downtrend only makes sense.

Once it turns, and it hasn't yet, if there is still a lot of bears something is wrong.

But in the meantime betting against the crowd will get you run over.

Which is the other way traders lose, trying to call the turn - way before it actually does happen.
  • #1,149
  • Mar 16, 2015 8:54am Mar 16, 2015 8:54am
I im not calling for something, expecting a range before reversal. You may be right on all this, my intention is not to disagree with you but i humbly believe that social events or something overseen are more influent than numbers at tops and bottoms. And it is really impossible to know what it might be as there is millions of possibilities.
  • #1,150
  • Mar 16, 2015 9:30am Mar 16, 2015 9:30am
Quoting alayinizAMK
I im not calling for something, expecting a range before reversal. You may be right on all this, my intention is not to disagree with you but i humbly believe that social events or something overseen are more influent than numbers at tops and bottoms. And it is really impossible to know what it might be as there is millions of possibilities.
You referred to a lot of bears in here. So? There are a lot of bears here - yes maybe. Although I think when price is going down human nature is for bears to let others know what they think. Bulls for the most part stay silent. ... Until it swings that is. Then the conversation swings the other direction.

What matters is whether there are a lot bears or bulls in the overall market - not in this tiny slice in this topic on this forum.

And even then like I said before just because there are a lot one way or the other does not mean that the majority are wrong - at that moment.

Overall the majority get in wrong - most of the time.

But there are times the majority are right. Very few but nothing is ever 100% this way or that in sentiment or correct market calls.
  • #1,151
  • Mar 16, 2015 9:43am Mar 16, 2015 9:43am
Quoting jasakreatif
{quote} looking for recovey , for last sl hit {image}
blue i 'll buy , red i'll sell , the good of market both are apportunity to make profit

trying buy with my kite

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carefull long

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  • #1,152
  • Mar 16, 2015 9:57am Mar 16, 2015 9:57am
Quoting SunTrader
{quote} You referred to a lot of bears in here. So? There are a lot of bears here - yes maybe. Although I think when price is going down human nature is for bears to let others know what they think. Bulls for the most part stay silent. ... Until it swings that is. Then the conversation swings the other direction. What matters is whether there are a lot bears or bulls in the overall market - not in this tiny slice in this topic on this forum. And even then like I said before just because there are a lot one way or the other does not mean that the...
if a did disagree alot with you i wouldnt have bought usd/cad twice today. But the next bounce might be worth something i will tell when if im long later.
  • #1,153
  • Mar 16, 2015 10:11am Mar 16, 2015 10:11am
Whats your (v) target skyhook???
Quoting skyhok
1st target almost reached. {image}
  • #1,154
  • Mar 16, 2015 10:46am Mar 16, 2015 10:46am
Quoting alayinizAMK
{quote} if a did disagree alot with you i wouldnt have bought usd/cad twice today. But the next bounce might be worth something i will tell when if im long later.
I suppose one good indicator to start buying would be an exodus of Newfie`s leaving Fort McMurray in Alberta since the tar sands is the most expensive extraction process in the planet! Harper screwed Canada by not reinvesting into technological based industries. I point I base this on is oil is old school... i.e. there is now more fueling station in Japan for hydrogen than gasoline supposedly.

I know Canada has locked contracts but if their benefactors lose to much money, it would be hard to sustain.... or I guess China could just make up the numbers as they go...
  • #1,155
  • Mar 16, 2015 11:48am Mar 16, 2015 11:48am
Quoting jasakreatif
{quote} blue i 'll buy , red i'll sell , the good of market both are apportunity to make profit trying buy with my kite {image} carefull long {image}
reentry at same level

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  • #1,156
  • Mar 16, 2015 12:07pm Mar 16, 2015 12:07pm
The day crude starts going higher (by more than a couple of dollars) is the day more fracking will resume as well as OPEC cheaters cutting deals with whomever.

So if at that point demand doesn't pick we will be in the same situation we are now - more supply than demand.

And down she goes again.

Economics 101.

Buy, buy, buy - bye bye.
  • #1,157
  • Mar 16, 2015 12:45pm Mar 16, 2015 12:45pm
I see broken support and a whole lotta resistance above:
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  • #1,158
  • Mar 16, 2015 1:04pm Mar 16, 2015 1:04pm
Quoting OpenRoad
Whats your (v) target skyhook???{quote}
Price action moved along since my last posting, expecting some sort of running correction iv in such trending 5th wave. Then the bottom v you're after could be near 40.15.
Attached Image (click to enlarge)
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Elliott Wave for optimum entry, exit and risk management of trades
  • #1,159
  • Mar 16, 2015 4:48pm Mar 16, 2015 4:48pm
Thanks, gonna stay flat till inventories on wed, im expecting it to head towards $40 then.
Quoting skyhok
{quote} Price action moved along since my last posting, expecting some sort of running correction iv in such trending 5th wave. Then the bottom v you're after could be near 40.15. {image}
  • #1,160
  • Mar 16, 2015 4:56pm Mar 16, 2015 4:56pm
Quoting OpenRoad
Thanks, gonna stay flat till inventories on wed, im expecting it to head towards $40 then.{quote}
Don't forget there is also FOMC statement (after 2 day meeting starting tmrw) that day as well.
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