Crude Oil Rogue downwave starts soon

This is a discussion on Crude Oil Rogue downwave starts soon within the General Trading Chat forums, part of the Reception category; I was long from 108 , but im thinking about shorting this now ...........not sure really, could blow out the ...

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Old Jan 6, 2012, 7:48pm   #16
 
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Re: Crude Oil Rogue downwave starts soon

I was long from 108 , but im thinking about shorting this now ...........not sure really, could blow out the trend line just the same ?
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Old Jan 6, 2012, 8:14pm   #17
 
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Re: Crude Oil Rogue downwave starts soon

Hey guy, you might want to start reading besides looking at lines on a chart.
The Straight of Hormuz is about to become a battle field, the Iranians are practicing blocking 20% of oil shipping. Both the Americans and the Iranians are drilling military maneuvers.
People a lot smarter than either one of us think the price of Crude could go anywhere between $250-$500 a barrel soon.
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Old Jan 6, 2012, 8:30pm   #18
 
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Re: Crude Oil Rogue downwave starts soon

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Originally Posted by Depth Trade View Post
Hey guy, you might want to start reading besides looking at lines on a chart.
The Straight of Hormuz is about to become a battle field, the Iranians are practicing blocking 20% of oil shipping. Both the Americans and the Iranians are drilling military maneuvers.
People a lot smarter than either one of us think the price of Crude could go anywhere between $250-$500 a barrel soon.
yes I think you are right but you just never know technical or fundamental , that's why I just stick to techs .But yes I still hold a long bias until I get a short signal .
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Old Jan 7, 2012, 4:39pm   #19
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Re: Crude Oil Rogue downwave starts soon

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Originally Posted by Depth Trade View Post
Hey guy, you might want to start reading besides looking at lines on a chart.
The Straight of Hormuz is about to become a battle field, the Iranians are practicing blocking 20% of oil shipping. Both the Americans and the Iranians are drilling military maneuvers.
People a lot smarter than either one of us think the price of Crude could go anywhere between $250-$500 a barrel soon.


Stated with utmost humility .... the only truth in this game is PRICE. In reality if I were alone, even far from any human contact with just an internet connection and accurate PRICES downloaded to my computer and with NO newspapers, television or contact with experts, non-experts or anybody, I could make a splendid decision of the direction of trade and be correct upwards of 80% of the time

but this is dependent on just one requirement - how good I am at reading the vagaries of PRICE in PRICE's home, the chart. . If I'm good, I live, if bad, I die. In fact, if the latter, DEATH would come swiftly.

That is the bottom-line.
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Old Jan 7, 2012, 4:47pm   #20
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Re: Crude Oil Rogue downwave starts soon

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yes I think you are right but you just never know technical or fundamental , that's why I just stick to techs .But yes I still hold a long bias until I get a short signal .

With fundamental analysis there is a heck of a lot to consider, I mean there is just too much data to review and stay abreast of - maybe others have the ability to cope with this, I do not.

This stuff with Iran, sure I'm aware of it, who isn't? But I don't know which way it will go and I don't have knowledge of the insider issues that will precipitate such outcomes, so in essence I don't have the truth.

I want just the truth and then I go with it.

PRICE is the only truth I know in markets and PRICE's home is the technical chart, but having the ability to read PRICE is a whole other issue and one that I cannot possibly claim to have, only claim that I would love to have it and will keep trying and trying for there is no other better aspiration - to me anyways.

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Old Jan 9, 2012, 4:32pm   #21
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Re: Crude Oil Rogue downwave starts soon

deadbroke started this thread 4H update, no change in position
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Old Jan 11, 2012, 9:03pm   #22
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Re: Crude Oil Rogue downwave starts soon

deadbroke started this thread Crude 4H, no change in stance, just waiting
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Old Jan 12, 2012, 6:48pm   #23
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Re: Crude Oil Rogue downwave starts soon

deadbroke started this thread When the 1st trendline broke we had something and its still resistance, but now a support has shown up, so when the trendline support caves in its over for Crude.
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Old Jan 12, 2012, 6:49pm   #24
 
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Re: Crude Oil Rogue downwave starts soon

your account must be a sea of red
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Old Jan 12, 2012, 6:56pm   #25
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Re: Crude Oil Rogue downwave starts soon

cant see any real technical signs that crude is going to make a move in either direction at the mo. an easy stand aside for me. If we could get a close below $100 that would be interesting though that would be a game changer.
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Old Jan 12, 2012, 9:14pm   #26
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Re: Crude Oil Rogue downwave starts soon

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your account must be a sea of red

True, true, true but I fight at the actual front lines, not from an armchair.

Given that 97% of traders lose and lose consistently (that figure is 100% at Elitetrader, at T2W it is yet to be determined), a sea of red is a given and an occupational hazard.
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Old Jan 12, 2012, 9:16pm   #27
 
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Re: Crude Oil Rogue downwave starts soon

nice call on crude, i would say you are in for some more pain on the dow before things go your way
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Old Jan 12, 2012, 9:25pm   #28
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Re: Crude Oil Rogue downwave starts soon

deadbroke started this thread
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When the 1st trendline broke we had something and its still resistance, but now a support has shown up, so when the trendline support caves in its over for Crude.
Stay alert
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Old Jan 12, 2012, 9:35pm   #29
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Re: Crude Oil Rogue downwave starts soon

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nice call on crude, i would say you are in for some more pain on the dow before things go your way

I've been in pain on the Dow since a little bit after Dec 20. The pain continues.
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Old Jan 12, 2012, 9:45pm   #30
 
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Re: Crude Oil Rogue downwave starts soon

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Originally Posted by deadbroke View Post
True, true, true but I fight at the actual front lines, not from an armchair.

Given that 97% of traders lose and lose consistently (that figure is 100% at Elitetrader, at T2W it is yet to be determined), a sea of red is a given and an occupational hazard.
I feel like i'm in good company. Good luck fellow comrades.
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