Maybe Nosotros Tin John The Euro! -Ifcn Wk 24 -Fri- Equity: $697.89
The dollar brutal against thirteen of the sixteen most active currencies this calendar week spell crude oil hitting a tape $135.09 a barrel Th on the New York Mercantile Exchange. The U.S. however imports to a greater extent than crude oil than whatsoever other country.
Oil prices shut for the vacation weekend $3.00 a barrel below yesterday's highs.
Is crude oil going to proceed streaming higher?
Maybe, but it is wise to cry upwards this trading fact. The best bull markets are need based rallies. Demand has been dropping inwards Europe too the States of America for a pair of years too China's need is drastically slowing.
If they held a lottery too y'all were the winner of a supertanker charge of gasoline, amongst the proviso that y'all had to larn the 50,000,000 gallons off the ship too into storage somewhere inside a calendar month or lose the fuel-- y'all would lose the fuel. There is nowhere for y'all to position it because all storage facilities are full. Ask around.
Are at that topographic point whatsoever lines at the fuel pumps where y'all live?
This crude oil displace has all the earmarks of a classic “squeeze”. We accept gone upwards $50 a barrel since the middle of Jan inwards a commodity which is inwards the lowest need inwards years, too is easily obtained. vii years agone they could all but give it away.
I know a adult woman inwards Texas who correct later 9/11 was handed sixty (worthless at the time) micro-production wells instead of a lastly paycheck from a bankrupt firm, who right away makes $3 1000000 a yr from the 1 – two barrel-a-day wells.
Yeah, there's no crude oil out there.
If y'all would similar to hedge futurity production for many years to come upwards at really high prices, I couldn't intend of a amend agency to practise it that what I come across inwards the crude oil marketplace today.
Why the give-and-take close oil? The greatest outlay inwards the solid soil for whatsoever cloth goods is for energy, a marketplace currently dominated past times oil. Have no oil, it is tough to function most countries. Although Japan's got something proficient going amongst their nuclear initiative.
An interesting sidelight to this publish energy province of affairs is, the correlation betwixt the upwards too downward movements of crude oil prices too the eur/usd on a daily footing has been at 95% for the lastly 12 months.
It was however inwards harmony this week, amongst the eur/usd closing close the high of the calendar week earlier the long weekend. Many blamed reports for creating incertitude inwards the markets for the rocky activity this week, but it is only the weakest hands exhibiting fear. The coming weeks could really good live a brand or intermission menses inwards the crude oil markets, too past times extension, the Eur/Usd.
The information below is equally of Friday's close, May 23, 2008:
No OneNightStand trades were executed today.
Start of calendar week equity: $734.36
OneNightStand Exit(s) on 05/19/08:
None
Completed FirstStrike trades this week:
Total profits: 0 pips
Net loss: 330 pips
OneNightStand 05/23/08 entry(s):
-None-
Unrealized Losses: -0-
End of calendar week equity: $ 697.89 (includes unrealized P&L)
Total Loss for Week: $ 36.47 (4.9% weekly decrease)
The quick losses at the firstly of the calendar week made it appear really short. I don't hear that. More excitement for the future.
In America nosotros accept a long vacation weekend, Memorial Day. The vacation commemorates all of the U.S. men too women who accept died inwards military machine service to their country, many of whom did it to deal countless strangers inwards Europe inwards WW II.
Thank goodness they did, then that most of Europe tin freely blame the States of America for all their problems.
I volition live dorsum Tuesday, but volition shipping out FirstStrike orders early on Mon morning. Europe volition live trading too then volition I.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) too the semi-monthly newsletter close this challenge, shipping an e-mail to: newsletter@infiniteyield.com too say me to which address y'all would similar it sent. Please practise non purpose AOL, Hotmail or Yahoo addresses. Nothing personal, but they've been known to filter out to a greater extent than proficient post than actual spam. Try a Gmail address. It's free, elementary too perfect for traders!
Oil prices shut for the vacation weekend $3.00 a barrel below yesterday's highs.
Is crude oil going to proceed streaming higher?
Maybe, but it is wise to cry upwards this trading fact. The best bull markets are need based rallies. Demand has been dropping inwards Europe too the States of America for a pair of years too China's need is drastically slowing.
If they held a lottery too y'all were the winner of a supertanker charge of gasoline, amongst the proviso that y'all had to larn the 50,000,000 gallons off the ship too into storage somewhere inside a calendar month or lose the fuel-- y'all would lose the fuel. There is nowhere for y'all to position it because all storage facilities are full. Ask around.
Are at that topographic point whatsoever lines at the fuel pumps where y'all live?
This crude oil displace has all the earmarks of a classic “squeeze”. We accept gone upwards $50 a barrel since the middle of Jan inwards a commodity which is inwards the lowest need inwards years, too is easily obtained. vii years agone they could all but give it away.
I know a adult woman inwards Texas who correct later 9/11 was handed sixty (worthless at the time) micro-production wells instead of a lastly paycheck from a bankrupt firm, who right away makes $3 1000000 a yr from the 1 – two barrel-a-day wells.
Yeah, there's no crude oil out there.
If y'all would similar to hedge futurity production for many years to come upwards at really high prices, I couldn't intend of a amend agency to practise it that what I come across inwards the crude oil marketplace today.
Why the give-and-take close oil? The greatest outlay inwards the solid soil for whatsoever cloth goods is for energy, a marketplace currently dominated past times oil. Have no oil, it is tough to function most countries. Although Japan's got something proficient going amongst their nuclear initiative.
An interesting sidelight to this publish energy province of affairs is, the correlation betwixt the upwards too downward movements of crude oil prices too the eur/usd on a daily footing has been at 95% for the lastly 12 months.
It was however inwards harmony this week, amongst the eur/usd closing close the high of the calendar week earlier the long weekend. Many blamed reports for creating incertitude inwards the markets for the rocky activity this week, but it is only the weakest hands exhibiting fear. The coming weeks could really good live a brand or intermission menses inwards the crude oil markets, too past times extension, the Eur/Usd.
____________________
Here's this week's recap--The information below is equally of Friday's close, May 23, 2008:
No OneNightStand trades were executed today.
Start of calendar week equity: $734.36
OneNightStand Exit(s) on 05/19/08:
None
Completed FirstStrike trades this week:
- Eur/Usd: long @ 1.5614, stopped out at 1.5554 for a sixty pip loss.
- Gbp/Jpy: brusk @ 203.24, stopped out at 204.14 for a ninety pip loss.
- Gbp/Usd: long @ 1.9612, stopped out at 1.9552 for a sixty pip loss.
- Usd/Chf: brusk @ 1.0432, stopped out at 1.0492 for a sixty pip loss.
- Usd/Jpy: brusk @ 103.78, stopped out at 104.38 for a sixty pip loss.
Total profits: 0 pips
Net loss: 330 pips
OneNightStand 05/23/08 entry(s):
-None-
Unrealized Losses: -0-
End of calendar week equity: $ 697.89 (includes unrealized P&L)
Total Loss for Week: $ 36.47 (4.9% weekly decrease)
The quick losses at the firstly of the calendar week made it appear really short. I don't hear that. More excitement for the future.
In America nosotros accept a long vacation weekend, Memorial Day. The vacation commemorates all of the U.S. men too women who accept died inwards military machine service to their country, many of whom did it to deal countless strangers inwards Europe inwards WW II.
Thank goodness they did, then that most of Europe tin freely blame the States of America for all their problems.
I volition live dorsum Tuesday, but volition shipping out FirstStrike orders early on Mon morning. Europe volition live trading too then volition I.
Joel Rensink
www.infiniteyield.com
PS: To have the FREE! trading rules for the Challenge ($499 value) too the semi-monthly newsletter close this challenge, shipping an e-mail to: newsletter@infiniteyield.com too say me to which address y'all would similar it sent. Please practise non purpose AOL, Hotmail or Yahoo addresses. Nothing personal, but they've been known to filter out to a greater extent than proficient post than actual spam. Try a Gmail address. It's free, elementary too perfect for traders!
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