frtaylor- good job
on that crude trade so far so good but it's still early yet.
However you bought at support, that's the way to do it when
you see it, if you are wrong and you get stopped out, it will be
for minor loss, that's the beauty of buying support when you
can
Nah, , I would personally love to see one more low on Nat Gas, I
bought some GAZ yesterday but sold this morning. I'll let the
charts settle down a bit
Crude Oil Update and trade comments
Posted by matt on 7th of Feb 2012 at 03:25 pm
$WTIC - bouncing off support I showed on the weekend
USO the ETF, one could go long with a stop below the uptrend line, pretty tight
USO 15 min view, bull flag
Yeah, I couldn't resist that
Posted by frtaylor on 7th of Feb 2012 at 03:34 pm
Yeah, I couldn't resist that pattern, bought yesterday pre-market at 37.05. Looking good so far.
frtaylor- good job on that crude
Posted by matt on 7th of Feb 2012 at 03:40 pm
frtaylor- good job on that crude trade so far so good but it's still early yet. However you bought at support, that's the way to do it when you see it, if you are wrong and you get stopped out, it will be for minor loss, that's the beauty of buying support when you can
Stop is at 36.50. I
Posted by frtaylor on 7th of Feb 2012 at 04:05 pm
Stop is at 36.50. I liked that the pullback was choppy and on light volume.
double bottom in UNG, daily
Posted by rikkwan on 7th of Feb 2012 at 03:33 pm
Matt, are you buying the double bottom on the daily chart for UNG?
Nah, , I would personally
Posted by matt on 7th of Feb 2012 at 03:35 pm
Nah, , I would personally love to see one more low on Nat Gas, I bought some GAZ yesterday but sold this morning. I'll let the charts settle down a bit
basically your stop on USO
Posted by matt on 7th of Feb 2012 at 03:27 pm
basically your stop on USO would go below the trendline or the low last week of 36.7