This post updates recommendations made two days ago.
OPEN POSITIONS
Click table to enlarge.
Only one position should now be underwater. USD Index and NGas positions should be comfortably positive.
Although recommendations are made on when to take profits, this may not suit all traders styles. Some members do not like to hold a position overnight whereas some members prefer to hold positions for longer. Recommendations on when to take profits are recommendations only; they do not have to be followed. Use your own judgement and supplement my analysis with your own preferred techniques.
CLOSED POSITIONS
Click table to enlarge.
If members opened a short on Oil prior to the last recommendation, when price was at 48.07, profit may have been larger than shown in this table. Positions opened at last recommendation should now take profits because it looks now like Oil is ready to consolidate here and this may last a few days. Short positions opened as hedges during the last consolidation (a recommendation made prior to development of this summary table) may also like to consider taking some profits.
I have closed two profitable positions today on Oil. The first opened as a hedge at 53.899 and the second opened yesterday at 48.27.
This summary is published @ 06:03 p.m. EST.
Lara, Thanks for creating this trading room.
Will you please include the XBI index? It’s the S&P biotechnology index. The volatile 3X etfs (LABU & LABD) are closely related to it. They are very profitable and have a large volume.
Would enjoy seeing non-future oriented tickers to trade with as I do not have a futures acct, just options and stock. I really enjoy how this trading room is shaping up with lots of knowledge and experience shared.
Robert, if you have a US account, these tickers may be useful. I trade ETF’s most of the time. I tried to list the most popular ones here, although I may have missed some. I tried to leave off any with volume that is very low as they are challenging to trade. I have only used some of these personally.
Hope this helps.
That is so useful Dreamer, thank you!
There is with some brokers the option of trading CFD’s on the spot price, that’s what I’m doing.
I’m also offering set ups for FOREX when I see it.
There’ll be something for everyone
Great list Dreamer! Thank you
Excellent recommendation. Oil closed today for the 5th straight day under its lower BB. I actually closed my short position yesterday, after it’s 4th day. So it is due for a bounce.
I’m going to guesstimate that oil will consolidate/go higher until next Tuesday, the day before the next inventory release. It seems to peak/trough on the Monday/Tuesday before the inventory release news. Also waiting for Friday to see how much the COT commercial position has decreased after this initial fall in price. That comes out this Friday…
Thanks again Lara 🙂
That’s great Ari. There should be plenty of other members too who have nice profits today on Oil.
The Saudis are going to try and talk the price to death…and they will! 🙂
Agreed. They’re mad!
Hi Lara,
Are the target and entry on the US dollar reversed?
I’m so sorry everybody, thanks Robert for pointing that out.
No, I had my numbers switched. Fixed now.
It’s the same as recommended.