Grinding
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I took a small position at 1.20, half out at 1.28, other half stopped set @ 1.25
When i say small, I mean small.
Buy monday, sell tuesday/wednesday
Thursday and Friday never good remember?
Down she goes
Strong close.
I wouldn't argue you there.
I was looking around there as well, as that would cover the naked candle up from the double bottom that we mentioned months ago that we never hoped we would never see again haha.
if that doesn't hold, then I'll check the triple bottom. But that's one of my key points on the radar as well. :D
We still have to test the triple bottom @ 42ish.
Houston, Tx still. Went over this last time haha.
I use this before filling up ont he drive to work.
http://www.houstongasprices.com/
Gas keeps getting cheaper and cheaper down here. Filled up 1.93 this morning.
You got that right. Good luck if you load up!
WTI hasn't reacted on the upside to that. I don't see that mattering too much rolling into the weekend.
A R/S is inevitable for sure if oil keeps crashing like it has been. Which nothing is telling me it won't with summer driving coming to an end.
Haha yeah you did. I saw that Tuesday thanks. Post 14462.
Just pointing things out based on history. Yeah him or anyone can get lucky predicting a bottom, but not worth losing money at the speed you will with a 3X ETN if you guess wrong, risk:reward factor just isn't there for me right now.
Would rather wait for confirmation, make a little less than the guy who correctly guessed the bottom, than to be on the short end of the stick and lose as much as the guy who guessed wrong.
Oil having a good day today was expected. Refer back to my comment on Monday where I said If I were to buy uwti it would be today and sell on Tuesday or Wednesday. And what do you know. That would have worked. But buying on a Wednesday? I never do based on history. That's my sell day. Check the charts. Check history. That's all I'm basing it on. I'm not basing it on any moons or Suns or high tides or whatever other witchcraft you're thinking of.
History. Charts. Facts. That's all. No moons.
That's not saying it won't change this week. Because it's bound to change at some point in time. But im not going to just guess at it nine I'll wait for confirmation.
You're right. History never repeats. People don't sell off commodities for weekend fun money. Oil isn't manipulated, fully driven by fundamentals. You're correct. I'm sorry for mentioning that for 16 weeks in a row now, oil dropped Thursday and Friday, and for assuming it could do the same this week.
You're right.
I'm sorry again for pointing out facts instead of speculation like you.
Sorry.
Yes week 17 could be the magic week, the magic week the rules break. That history finally stops repeating. But I'm not gonna catch a falling knife and bet my money on it, or advise others to risk it either. If I miss it I miss it I miss it.
But at least I'm not holding 1.90s , 2.20s, 2.80s, 3.20s thinking "oh this is the bottom"
I told you back up at 1.70s to wait to buy in. I'm hoping you listened.
1.20s by Friday unless a war.
Thursday and friday haven't been good to UWTI. Don't see this getting pretty until Monday at the earliest. And even then, maybe a pop to 1.50s/1.60s
I've been out since 2.17
I'll wait.
Playing other things until Oil looking better..
Wednesday-Friday never good for UWTI
Just covering that gap up from this morning
Catalyst coming soon.
Forbes posting some old trefis articles that came out earlier this week and last week. They combined them into 1 article. Targeting the price 3.29. Trying to bring in the buyers.
http://www.forbes.com/sites/greatspeculations/2015/08/05/heres-why-no-one-wants-to-buy-aeropostale-neither-products-nor-the-company/
With options expiring late August , this is the play
NYS going hard on the ax today. Something brewing.
Hoping 1.50 collapses so I can re load sub 1.50. If not, I'm a buyer these levels easily.
Or the possibility of them saying something nice needs to come up haha. they don't even need to say something nice. Just make us think they're gonna say something nice.
gap to 1.59 covered.
Agreed
Still sidelines, if I was a gambling man, I would buy today, hoping to sell tomorrow or Wednesday.
Good luck to all.
In 1.43 and 1.47, out at 1.53 and 1.57, ready to reload.
Nice pop.
I paid 2.13 today in Houston
This one was a money maker.
New 52 week lows. Hoping you stopped out just fine
Yes sir!