Short Feb Gold @ $1289
Long march Crude @ $53.60
Like short gold. Would think they trade in lockstep, maybe crude leading gold by 3 to 6 months. Good luck.
Gold leads crude by about 3-6 months.
stay with the long oil, it will be a nice ride
These are swing trades,I could be out in a new your minute!
I like your long gold
Oil is a mystery to me
Oil, on average, has cost me a lot of money over the yrs
One nite while I was sleeping oil cost me approx. 12,000.00. Forgot to put the stops in place plus I had a bunch of contracts
Sour taste ever since. Somebody else has my money
Now I don't trade oil
I also like your being willing to post trades
I am more into the in corn market
I got wacked in cotton years ago,my first huge loss! I wont go near it. It was a great lesson which led to my secret system. I like gold,corn beans. I take a chance in oil now and then!
back in the day,I traded lots of ten year notes!
Mike I second your thought on Cotton I took a $22,000 loss on a trade 25 years ago my wife still reminds me of it a couple of times a year
Great to read you again pll!
Maybe the higher bean prices woke you up (-:
How much snow did you get? Doesn't look like much.
We got 2.1 inches here.
How about you Mike? Looks like most of the snow went north of you.
We just got rain before it got cold. They say 60 miles north of here they had 6 foot drifts in places we got lucky on this one.
We got a coating of snow around 8 pm,then it changed to rain. I went to work this morning,it was 50 degrees and very foggy.early afternoon it got windy,sunny and now its 21 degrees! the snow is gone,clear and cold.
Wglass,
Now you don't trade oil?
I think the lesson was... now you put stop loss orders in the market.