Trading Report – Nov. 3, 2009

November 3, 2009 at 10:11 pm | Posted in Trading - Stocks, Options, Futures, etc. | Leave a comment

Using the 15 minute chart, oil seemed range-bound around $77.50, so I sent long twice early in the day (around 15:30 chart time); just playing the fluctuation in the market.  Made 4 pips on the first trade, but had to leave my computer, so I closed the second trade for a 6 pip loss.  Net: -2 pips.  Still getting used to th 15 minute charts (have so far been using the 30 for the last five months on this system), after switching over due to market volatility.  Overall, oil definitely seems range-bound from the upper-70’s to low-80’s.

NYMEX Crude (CL9Z) - 15 Minute Chart

Broke out past $77.50 about 17:30 chart time.

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