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If it turns here, that would be true forecasting. But what if it is just passing through... I have had this number on my radar for so long that I have a part of me that wants to sccop it up and turn off the computer for a month. Damn confirmation.
But, that approach has not really been my best. There is nothing keeping oil from $50, or $200.
Today has a heavy calendar.
Can you help answer these questions from other members on NexusFi?
It's blown through so many significant levels this London/Globex session, that I can't keep track any more. And the volumes pre-pit open are incredible. $75 coming? Who knows - it's not really correlated to anything anymore ...
The one thing I will take credit for is that in 2008 I started mpving ALL my assets except my house into the USD. That is a move paying off handsomely (at that point everyone and their uncle called USD to crash to 50 and the USD to be equal to the Zimbabwean dollar).
I beleive history will eventually show that 2008 was for the USD, the same that 1998 was the gold. For folks that don't understand what that means.....Charles Mackay said....
What a show that was. Blew China's away. I cannot believe I am only net +14, but that is way out of my league. I havve just watched and thought most of it, finally shorted 84.38 at the retest a few minutes ago to get myself settled in. Wow. A lot of money was made and lost this morning, just not mine.
I posted the wrong image. The Euro went squeeze crazy...
I am such a pansy when I get out of my comfort zone. But that was just pure gunslinging to me. I am still anticipating being a prticipant today, but need something just a little less intense to trade heavier.
Today is exhausting to me. Completely exhausting. Because of the extreme volatility, I am only trading 1-2 contracts, and not sure which way is up lol! Thinking, I could be done for the day, if I trade 4. But no, I guess I really want to work for it.