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kenny1703 (< 20)

October 2011

Recs

1

The Energies Review For the week of October 24, 2011

October 26, 2011 – Comments (0)

What a crazy week it was in the energy markets as crude rallied in the early part of the week to the resistance of $89.50 but fell big on economic uncertainty to $85 along with the stunning news of Qaddafi's death.  The flat price is now higher on the Sunday night session to over $85 in Dec CL as this market just does not want to give up.  Every time it gets knocked down it keeps getting back up and the $89.50 level is in jeopardy this week. The Euro/USD is looking to creep back up and break the resistance of $1.39 and if it does I believe Crude will try and test $90. The equities markets have broken the old high of 1225 and I believe this could have more to run on the upside.  The DOE numbers will be very interesting so look for these coming out on Wednesday. For right now crude is stuck in a bit of  range but I believe the price will have look to try and climb higher with all of the major resistances being breached.  [more]

Recs

6

Trading Tips: Coming Back from a Loss

October 26, 2011 – Comments (0)

A friend of mine in the pit had been having a rough time lately when he asked me a typical question among us traders - How do I come back from a loss? Since he had been having a "rough patch" and not just one bad trade, I gave him the following advice that is to be used over a period of time.  [more]

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