tripleogstar
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if oil prices rise on monday, i will be looking to get in on a sell off in the USD/CAD, i mite actually consider that trade this evening, depends on if it reaches an attractive rate
tripleogstar
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I will also be buying gold futures at some point today evening or monday
tripleogstar
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Yea I know what you mean, I do not tend to go in the oil market, I do trade gold quite frequently. I only trade oil wen it is very cheap, I tend to buy Oil ETFs (leveraged), there is no margin/variation margin and the simple fact of the matter is oil will go back above $100 a barrel one day. So i buy the ETF when oil is at $60 a barrel for example, and if it goes down to 40, I will just hold it for 10years if I have to, knowing that it will be significantly higher than it is now. The only cost is obviously the opportunity cost that my money is tied up in that investment, but still i wouldn't invest more than 15% of my investable money in any asset.
tripleogstar
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yea definitely a good long term investment. I invested a whole load of cash in Oil ETF when oil was $35. Just planning on holding that till it shoots back up above $100
STRTRADA
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Lol that sounds like a safe plan..But I thought you meant trading commodities on short-term lol sorry mate
Anyway I have been crunching away at the EU charts and....The way it's finished on friday...Looks like I'm going to have to stay up tonight lol...13,936 is right in the middle of everything...
If it is able to get a little strong start when it opens I reckon a long position, if it goes down ..No way will i trade....
tripleogstar
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I do short term plays, but mainly on gold. will be doin this oil trade short term, hold it till $65
tripleogstar
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Yea most of the time
tripleogstar
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I am actually a graduate, so have plenty of time at the moment
STRTRADA
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Note to self: Must go on T2W and discuss with you guys....
jgos2
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There was a small change in the McClellan oscillator Friday, indicating a large 100+ move in the DJI is due most likely Mon or Tue. It could be up or down but indicator has excellent accuracy. I'm guessing up. To add to what you were saying Trip the Banks are expected to release big headline numbers and I will believe it (no doubt large truckloads of profit from Goldman etc due to "trading").
Crude is not finished down move yet likely to hit $48. I would be surprised if it moved straight there from this position so pullback in order and Dow to go up...take Eur/Dollar with it.
Crude is not finished down move yet likely to hit $48. I would be surprised if it moved straight there from this position so pullback in order and Dow to go up...take Eur/Dollar with it.
tripleogstar
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If oil goes to $48, oil stocks will get smashed dragging down the entire market.
N Rothschild
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i think the current correlation with stocks and crude is way out of sync so yeh will pull it down a bit but not a huge amount
Pippy5000
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Stocks and crude? Who cares? Crude down, USD up sucka.. No break in the correlation at all old bean.. I've been watching it smack up chumps all week.. the Euro in particular needs oil to be high.. just watch EUR/USD for a prime example of oil fx correblahtion..
hornblower
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of him self ?
thats nasty
thats nasty
evergreen1
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hello all hwo is ur 2day. how is ur trading going.eur is still going down.i think it wil come down at 1.3850
wt u think my dear trader
wt u think my dear trader
