20070927 When the market doesn't confirm the trade, sometimes it is better to bail out of the position, with some profits at least on 1/2 the position.

Crude Oil futures chart

20070926 Crude Oil futures rebounds, sells off and ends up for the day. Question is whether to close the position now, or to hold out with the stop at break even.

Crude Oil futures chart

20070926 Daily Crude Oil futures chart shows the 'retracement' short trade. Most traders are told 'trade with the trend', but we all know that in financial markets, the majority 90% end up being wrong. If that is the case, then 90% will be in the trend trade, with most of them being wrong. Best to have open mind when trading.

Crude Oil futures chart

20070925 0947. Light Sweet Crude oil futures is now trading at 79.2, down 2.16%. Shorts looking good, to peel off some for partial profits and ride the remainder.

Crude Oil futures chart

20070925 0940 GMT. Light sweet crude oil in electronic trading heads back to yesterday's low. Hopefully we can see it push through US80 per barrel in US trading hours in the pit today.

Crude Oil futures chart

20070924 Crude Oil finds support, but as they say "the best trades are those against the prevailing trend that breaks support".

Crude Oil futures chart

20070924 Crude Oil finds support, but as they say "the best trades are those against the prevailing trend that breaks support".

Crude Oil futures chart

20070924 0548 GMT. 30 min Light Sweet Crude Oil futures is (hopefully) on the reversal path. Nevertheless, the swing short waiting game is in play.

Crude Oil futures chart

20070919 The short is established. All remains is to wait.

Crude Oil futures chart

20070918 0951 ET. Would be worth taking a short for swing trade at US 81.8-82. with stops at US89 per barrel.

Crude Oil futures chart