latest news ...

oil prices shot up (especially monday) due to: -
unclarified/fake news of -
1. US cut 450000 production
2. opec talking to other producers
3. chartist thinking of bottoming of oil prices

some analysts are now talking about usd 20+ oil.

coming down....looks like re-test low coming....

Need to break 43 and may visit previous low.

fake news?!

actually, not surprising...

markets now spooked by so many things, full of anxiety. any "big" news will cause major movement.

and if they send a couple of jets to the desert and drop some duds, crude price will rocket.

lately, crude seems to follow dow.

dow up 200, crude paring losses.

Bounce up nicely from H1 200EMA.

V-bound so far (but the night is still young)....lets watch how it ends (if i still awake).

This post has been edited by yok70: Sep 3 2015, 01:36 AM

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china stops kacau for til next week, hk will come back to kacau friday though.
guess bull prefer less kacau by chinaman.

u bet on oil or inverse today?

looks like will end flat...

i got ikan bilis, no grouper.

i missed the recent bear opportunity this round, big time, huge miss. last time 20% gain on inverse closed. then this round at least 200% opportunity! missed it.
Now already very hesitate to go in. Previous long still keeping, so no action since last week.
now only can watch.

oil no idea where it could go in short term. if it reaches 38, i will consider long it.

This post has been edited by yok70: Sep 3 2015, 02:26 AM

Take my first short 46.60 and hopefully this time head and shoulder neckline which could potentially be very bearish if the neckline is broken.

The conservative projection (orange line) would be around $41.25 which coincides with a prior region of support and resistance. The more aggressive projection (red line) would be around $38 which coincides with 26 August lows and falls just above this year’s low.

This post has been edited by Rambo69: Sep 3 2015, 02:48 AM


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back to office n happy to see greens everywhere. the last hour push makes me little $$$$. hope tonight 'the good times roll ... and roll' .... weeeeee !

yeah! thats why my screens include futures of china n hsi. damn kacau my portfoilio and trades every minute.

Start falling...anyway,don't rule out 47.6 max.(upper channel of right shoulder).

This post has been edited by Rambo69: Sep 3 2015, 10:10 AM


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the swings were incredibly fast and furious.

since it was so fast, it would be abnormal that one can ride all the way up or down on either long or short side!

the reverse, getting caught on the wrong side was probably common too!

i went through the ups and downs, could not make more than i could hv - for those reasons. i'm only human.

takes nerves of steel to get the max from those days.


38 is surely the point where the risk is maximum.

i see huge resistance as it gets closer to 40.

and there is talk when saudis "make an appearance":
http://www.cnbc.com/2015/09/02/saudis-to-t...-44-trader.html

gudluk to all of us shorties.

it is still bearish, no major reasn to be bullish yet.

i like to see wti at 44 tonite.

I want it 41. will add more short if the neck line is broken.

The final rise can also be interpreted as Wave 5 of an Elliot Wave config, then the next drop is Wave 1 of another Elliot Wave config after the turning point of Wave 5.

If we combine in the fundamentals to the TA, the above 2 Elliot Waves existing 'side-by-side' are more likely !

Aiyo.. I missed the action today. No work, no trade. Going to just let this be till next week since US Labor day weekend coming.
Glad to see some of you guys are making money here.

Volatility indeed has increased this 2 weeks. Gap up.. fill down. Gap down.. fill up again.
Just play to fill gaps also untung lah. No need to guess anymore.