Ive been studying the oil markets for quite a while, and now whenever I log on the computer for 15 minutes, I can predict the next day's oil move pretty damn accuratly (stockbroker knows). My problem right now is that I would also like to do intraday trading. But for that, I would need to have the news BEFORE it affects oil prices. The only news I can get my hand onto are always saying "After the news, oil prices moved xxx" Does anyone know where I can find a site that reports news affecting oil prices BEFORE it does?
Thanks!
Full Version: Oil Trading
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He's alright at it
Well... what about doing like Belial and posting here the forecast for tomorrow so we all get rich thanks to you and your skills?
I could, but it wont be daily. I dont have any predictions for tommorow, because the market is too ****** up because of london. I will start again sunday
Yeah I can see that...
Anything you post will be welcome. Some of us are ignorant in this field and hungry for education
ok
I will start writing my predictions here on sunday, and I will write how much I am confident in the move (If I would trade on the prediction, or not)Actually I might start to take belial's technique and if i'm not so sure about the direction, I'll place bets on both sides Most of the time,when oil goes in one direction, it goes at least 50cents before turning around or continuing. I will have to analyse that to see if its possible
Cool
Should be fun, I'll keep an eye And thanks for sharing
Now this sounds interesting, I look forward to your posts
QUOTE(fahlenkamp1 @ Jul 8 2005, 02:57 AM) Now this sounds interesting, I look forward to your posts [right][snapback]311042[/snapback][/right] We'll see how well I do when I have pressure coming from the forum  Having people looking at my results will give me some training as to when I will be trading real money. Pressure and emotions are a key factor in trading, and they should be the same while trading a demo or live account.  Belial's trades + My oil trades for tommorow. I'm only experiencing and I do not expect any gain or loss with oil trading tommorow. I wouldnt place any of those bets on a real account. I placed stop losses and take profits on all of them. I know e-trade is not guaranteeing those, but i'm pretty sure they will honor them. If they dont, heck, its only a demo account.
Hurricane Dennis will have a big impact on Oil trading today. I don't think anyone wants to be holding a position over the weekend with it moving through. Could see huge swings like yesterday.
GL 
Well that didnt quite work
  Its funny though. I think I will change to trade CFD's instead of spreadbet.
Ok, I dont like the e-trade platform. I'm back on GCI with a mini CFD account. I love that platform, and I will use that now
I will be much much better. I'll begin my "serious" trading on monday
What is the url you use for GCI and will it work for both the oil trades and the Dow
Is there any commission on either of these trades
www.gcitrading.com
Works for Dow and Oil (CFD's)
very intresting thread
Thanks fivebucks, now which demo should I download? Would it be the cfd?. Sorry but I am just getting started. I might need someone to hold my hand the first time
yeah its the CFD, you can go with the MINI SHARE too. Thats the one i'm using right now
Oil falling at least 1$ tommorow before 12:00 on NYMEX trading hours.
it MIGHT fall up to 3$ during the day. ( it touched 54.00 on 7/10/2005, a 7 dollar drop on international trading. I would aim for a 1$ gain ( 100 points @ 1$per point on a 50$ trade) I would place 200$ on the trade, and if my prediction is correct, I would make 400$ profit. Lets see what happens
QUOTE(fivebucks @ Jul 10 2005, 12:48 PM) Oil falling at least 1$ tommorow before 12:00 on NYMEX trading hours. it MIGHT fall up to 3$ during the day. ( it touched 54.00 on 7/10/2005, a 7 dollar drop on international trading. I would aim for a 1$ gain ( 100 points @ 1$per point on a 50$ trade) I would place 200$ on the trade, and if my prediction is correct, I would make 400$ profit. Lets see what happens [right][snapback]314436[/snapback][/right] I'll try to follow you in a demo account. Good luck if u re doing it with real bucks.  EDIT: I will change some limits as I see what the market is doing when its open.
Is this something US citizens can participate in since I can't do Belial's trades
I trade it using CFD's, but I dont know how else you could trade oil.. sorry
QUOTE(major @ Jul 10 2005, 06:20 PM) Is this something US citizens can participate in since I can't do Belial's trades [right][snapback]314498[/snapback][/right] No 
Monday 7/11:2005
This morning at 00:00, the market opened at 58.94. Right now it is down to 58.52 at 8:00ET Since nymex opens at 7:00, I can say oil dropped 0.42$ so far. It needs to fall to 57.94 for me to close my position. It has to do it before 12:00 for me to be happy
Results: I've never seen an oil market as stable as today. but here are the results:
Low of the day at 58.05, gives me a 89points of profit I would've followed it with a 40 points trailing stop so 49points of profit for today. If I had made a 200$ bet on it, I would have made 196$ profit with 200:1 Leverage. Lets do a little game, and say I started with 500 and placed a 200$ bet on that one. P/L 7/11/2005 :+196$ Capital: :696$ Predictions for tommorow to come later today 
Oil down tommorow.
I will again aim for a 100 points gain (Take profit) I will follow the price with a 35 points trailing stop Only betting 50$ on this one. (predictions are always from 00:00 ET)
Goodluck FivebuckS
.gif) I'll be watching  JK You shouldn't be embarrassed at all! Like most of us really know much about this  Most of us are surfers! Personally I was nothing more than a surfer when I joined and now I'm learning a lot about...well a lot! I will follow you and try to learn even more but I'm not sure if "Oil" can hold my interest. We'll see Go get em!
QUOTE(Moneymagnet @ Jul 11 2005, 07:12 PM) Goodluck FivebuckS I'll be watching JK You shouldn't be embarrassed at all! Like most of us really know much about this Most of us are surfers! Personally I was nothing more than a surfer when I joined and now I'm learning a lot about...well a lot! I will follow you and try to learn even more but I'm not sure if "Oil" can hold my interest. We'll see Go get em! [right][snapback]315926[/snapback][/right] Thanks! Enjoy :D
QUOTE(fivebucks @ Jul 11 2005, 05:57 PM) Oil down tommorow. I will again aim for a 100 points gain (Take profit) I will follow the price with a 35 points trailing stop Only betting 50$ on this one. (predictions are always from 00:00 ET) [right][snapback]315907[/snapback][/right] I wouldn't be to sure about that, it had a Hollow Red Candle and still closed above the 20EMA. I would look for it to go higher at opening, JMHO
dont forget that the oil market dosnt really "close" over night. it only closes in the US. The closing US price is just the time when most of the US traders go home.
My prediction is from midnight , not 7:00 I'm not so sure about tommorow either, thats why I only place 50$ on this one. I think the down trend is going to stop before midday..
1:40 in the day, the low is 59.11
24cents down so far. I'm going to bed, I'll update you in a couple of hours UPDATE 2:43 in the day, the low is 59.01. I am changing my 35 P/L to a 25 P/L so that I am guaranteed 9points. I will let the investment die off and I will see how much I can take in. Removing the take profit, as I am already in profit and want to take in as many points possible.
Results for today
Oil went down to 58.92, the up again. my trailing stop was 25 point so it closed my position at 59.17 18points profit today My bet of 50$ gives me 18$ P/L 7/12/2005 :+18$ (+2.58%) Capital: :714$ % in 2 days : :+42%
It'sgood you got out when you did, I told you it would rebound.
It just hit $60  
you told me it would go up at the opening
it went down, I made my profit, got out, and then it rebound
QUOTE(fivebucks @ Jul 12 2005, 11:50 AM) you told me it would go up at the opening it went down, I made my profit, got out, and then it rebound [right][snapback]316968[/snapback][/right] It's been up since 10am, opening time here in the states Now up to $61
thats why I'm trading from 00:00
the opening times really dont apply for CFD's, there is indeed alot of activity after opening, but prices always move, and you can always trade, even outside market hours. QUOTE(fivebucks @ Jul 12 2005, 12:12 PM) thats why I'm trading from 00:00 the opening times really dont apply for CFD's, there is indeed alot of activity after opening, but prices always move, and you can always trade, even outside market hours. [right][snapback]316999[/snapback][/right] I am very well aware of that, but the real money that moves it comes in the US session. You could have made a lot more listening to me GL GT
oil def. going to reach 61 again tommorow. I will make an exact prediction later today.
Oil will possibly reach 62$ tommorow, so I will be aiming for a 100points move
I will be using a 50 trailing stop in the beginning, then as it gets closer to 62 I will reduce the trailing stop to about 35. Lets see what happens Entering the long position at 00.00 with 150$
7/13/2005
00:00 Opening at 60.66
interesting
2:35
UPDATE I closed my position at 61.13 to take the cash in so that I can coumpound. 47 points profit = 141$ profit on my position Going long again. Entering at 61.13 immediatly with 200$ Capital : 855$ Gain on last trade: 19.74% Gain since beginning: 71%
When I sign up , is it possible for me to try with an demo account before I start to invest real money?
Also oil trading? Tim QUOTE(gunjag @ Jul 13 2005, 03:58 AM) When I sign up , is it possible for me to try with an demo account before I start to invest real money? Also oil trading? Tim [right][snapback]318108[/snapback][/right] yeah it is possible to try a demo. I am not even using the platform right now. I only use the charts. I only place my trades here on MMG. You can open a demo account on GCI, its called the Demo Mini Shares account QUOTE(fivebucks @ Jul 12 2005, 10:38 PM) 2:35 UPDATE I closed my position at 61.13 to take the cash in so that I can coumpound. 47 points profit = 141$ profit on my position Going long again. Entering at 61.13 immediatly with 200$ Capital : 855$ Gain on last trade: 19.74% Gain since beginning: 71% [right][snapback]318088[/snapback][/right]
TP at 61.25
I'm out to bed will update you guys when I wake up
QUOTE(fivebucks @ Jul 13 2005, 04:17 AM) TP at 61.25 I'm out to bed will update you guys when I wake up[right][snapback]318207[/snapback][/right] You awake yet?  Oil at $60.52 going into the US session, should be interesting.............. Euro took a pounding and Oil should follow suit today. GL QUOTE 10:34am 07/13/05
Energy Dept posts fall in crude, gasoline supply By Myra P. Saefong SAN FRANCISCO (MarketWatch) -- The Energy Department said crude supplies fell by 3.9 million barrels to 321 million for the week ended July 8. Motor gasoline inventories also fell by 2.7 million barrels to total 212.6 million. Distillate stocks were up 3.2 million barrels at 120.4 million barrels. Following the data, August crude in New York is up 8 cents at $60.70 a barrel. August heating oil is down 2.15 cents at $1.73 a gallon and August unleaded gasoline is down 0.54 cent at $1.77 a gallon.
I probably should've waited to opening before placing my second trade. I couldve made mucho money. Now it needs to go all the way up to 61.18.
I'm pretty sure it will reach that sometime today though
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