Crude Oil Futures and Crude Oil Options

spanish89 · #**141** 7th October 2008, 05:08 AM

Sorry for not posting that lastnight when i wrote it, i was crying lots though so couldn't.

But back to oil, did any of you cash in on todays crash??

I couldnt sit by my laptop tday cos had to go dentist and had a girl back at my apartment then.. lol

But i left my £4 tick sells in place, and took £1,477 profit.

(Would have £1,877 but i bailed out early cos the girl was there and i didn't want to have my mind worrying about missing out on money when i was with her.) lol

But tomorrow UK and USA time (today asian time) we gan see bounce in oil cos the dollar gna weaken after todays incredible strengthening, and so the dollar rising is gan be used by buyers as the excuse to buy.

I gna go out to london tomorrow ot buy some armani aftershave from the armnai shop in bondstreet!

But gna drop my sell order of £2 tick only at 91.66 (or higher depending on how market is in the morning).

And target for these next sells will be $80.86.
(But we gna get some bounce 1st though, and so thats why i dont want to commit to strong to any sells just yet.

alex_laxya · #**142** 7th October 2008, 11:03 AM

spanish buy one armani for me also lol ... here knda overpriced ( n m talking bout suit not aftershave ...lol )
yup oil oversold better wait ( some how manage the urge to buy )

spanish89 · #**143** 7th October 2008, 08:03 PM

i didnt do any traidng today as i could see last night that today we were gna see few dollars rise in oil.

The gains we seeing in oil today are because; The fxs have strengthened alot against the dollar for the 1st time in months, because we have now over-used the 'demand destruction of the credit crisis' fear, and now that fear has been replaced with hope that the banks/fed are gna cut interest rates this week or next.

+ the liybian oil minister + a few others are all now saying they gna cut oil output, and cos the winter coming.

I gna wait till we get the inventory numbers tomorrow, see what the reaction is, and then sell off that depending on the reaction and all the other factors.

(Dont think i will be getting a sell in before the 94.26 huge level, which i do think we likely could see tomorrow.

alex_laxya · #**144** 8th October 2008, 05:01 PM

darn crude not budged at all , wake up boy.. we have a global rate cut.Show some respect

Czar · #**145** 8th October 2008, 05:26 PM

Alex its confused, whether to go for the rate cut story or the much proclaimed recession story...

spanish89 · #**146** 9th October 2008, 07:28 AM

Made £1,049 profit today at just £2 tick! (so about 600ticks, but 12pips spread cost per trade and made 9 trades).

Thats now £1,477 from monday + £1,049 today, + £1,819 from my last week trading thats now £4,435 profit since the 22nd september, and im not even sure what % profit that is on my starting capital of £2,400 (which was my life savings so if id lost that id have becoem homeless!!)

Please tell me you guys are also tearing th fk out of oil for the last few weeks n months???

Cos you never post your £ profits each day, but oil is now just giving free money to us!!

Czar · #**147** 9th October 2008, 10:15 AM

When we see you write your profit in pounds, we get pounded, thus we dont write

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The Following 2 Users Say Thank You to spanish89 For This Useful Post:
alex_laxya (7th October 2008), Czar (7th October 2008)

The Following User Says Thank You to alex_laxya For This Useful Post:
Czar (8th October 2008)

The Following User Says Thank You to Czar For This Useful Post:
alex_laxya (8th October 2008)

The Following User Says Thank You to Czar For This Useful Post:
alex_laxya (9th October 2008)