Oil, Gold, Silver Trading

FX Trading Statement: $50,000.00 to $73,105.34

2011-11-06T20:57:00.003+08:00

To sign up for our Trading Education Program, send an email to us at metal.commodity@tradingeducationprogram.org.

Open a live trading account at Xforex with only USD300, click here.

Market Strategist
Tactical Trading Academy
Website: http://TradingEducationProgram.org/
Email: metal.commodity@tradingeducationprogram.org

“Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” - Thomas Jefferson

Our Open Positions: USD2,324.72 Profit

2011-06-15T23:26:00.002+08:00

Dear friends,

Our statement below shows open positions:

Sell USDCAD, Buy AUDNZD, Buy Oil

Total profit is USD2,324.72

Tactical Trading Academy trades non random recurring patterns in the global currency market. We use technical analysis to recognize these patterns and look for potential exhaustive and bottoming inflection points. Our strategy fuses these inflection points with advanced price and time patterns to derive potential trade ideas.

Tactical Trading Academy attributes its exceptional performance to its trading discipline and robust approach to the markets. Our system relies on the precise identification of a small set of core tradable patterns and the application of proprietary statistical techniques and timing.

To sign up for our Trading Education Program, send an email to us at metal.commodity@tradingeducationprogram.org.

Open a live trading account at Askobid, click here.

Market Strategist
Tactical Trading Academy
Website: http://TradingEducationProgram.org/
Email: metal.commodity@tradingeducationprogram.org

“Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.” - Thomas Jefferson

Oil: Open Buy Trade

2011-06-14T23:34:00.001+08:00

Buy Oil at 97.97
Stop level at 92.00
Target level at 108.00

Trade Gold using BL TS System

2011-02-06T10:17:00.003+08:00

Our proprietary BL TS System identifies non random recurring patterns in the financial market. We use those recurring patterns and look for potential exhaustive and bottoming inflection points. Our strategy fuses these inflection points with advanced price and time patterns to derive potential trade ideas.

BL TS System is able to identifies non random recurring patterns in Gold. Below are the trade signals generated from our MT4 scripts.

It has generated gross profit of USD3,049.01 from a capital of USD10,000.

Testimony from a Vietnamese

2011-02-02T07:02:00.000+08:00

"The education program is absolutely worth every penny of the course fee. The trainer, Brendan, is honest, sincere and a real experienced trader, who surely can give you best advice on Forex trading.

The strategy taught in the course is simple but unique,robust and effective, in my opinion. Like everything in life, in Forex trading, simple strategies work. Complicated strategies and methods never work.

The MT4 scripts provided in the program is a genius. It can help save us a lot of time scanning for best indicators for a particular currency pair. Then, trading signals can be generated based on the repeated patterns of the currency pairs.

Furthermore, the course fees is extremely reasonable and economical as compared to other overpriced forex trading courses.

I would recommend Tactical Trading Academy to anyone who is truly serious about making money in Forex."

Source: http://TradingEducationProgram.org/

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2010-09-29T07:36:00.004+08:00

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Bettertrades

2010-01-22T23:12:00.001+08:00

The ad we want is as follows:
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Payday Advance

2010-01-19T22:23:00.001+08:00

Applying for payday advance doesn’t require a lot of hassle, paperwork or risk.With quick payday loan you can take care of financial needs .

Ebook: "Our Trading Secret: BL TS System"

2009-05-27T16:09:00.001+08:00

I am selling an ebook that I had written myself, entitled "Our Trading Secret: BL TS System"

This is the content page of the book:

Table of Contents

1. What is Forex Trading
2. Importance of Forex trading
3. Four Main Types of Orders in Forex Market
4. Forex Trading Price Movements-How and Why Markets Move and How to Profit
You predict the Forex expense trends
The Market obeys Scientific Laws
Business Can be made of News
Actual Expense Trends
Win the Competition
Be Imperfect but Never a Loser
5. Forex Traders: The Need to Be Objective
Forex Trading Tools
The Three Trend line Strategy
6. How to Win with Forex: The Step-by-Step Secrets
Success Comes From Within
Discipline & Losses
A Trading Edge
Success is in YOUR Hands
7. Dangers of Getting Emotional About Forex Trade
8. The Correct Timing in Forex Trading
Making Proper Use of Support and Resistance
Why Buy Low and Sell High Doesn’t Work
It Takes Guts - But It Makes Money
9. The Importance of Real Time Forex Charting
10. BL TS System
Why is BL TS System an essential tool in your trading
Details of BL TS System
How to identify buy and sell signals from the various indicators
11. Money Management
12. Guidelines To Follow
13. How to choose a Forex Trading Course
14. Actual Trading

Normal price of the book is US$50 but I am only selling US$20 now. If you are interested to buy, send email to metal.commodity@tradingeducationprogram.org.

How do I profit US$480 from EURUSD trade

2009-05-26T23:44:00.001+08:00

Breakthrough Discovery In Trading

2009-05-20T11:32:00.001+08:00

If you have been trading long enough, I believe you will be very familiar with the technical indicators, ie Bollingerband, MACD, Williams, Commodity Channel, Relative Strength Index, Parabolic etc.

But have you been making money using those indicators? Sometimes I guess. Have you wondered why sometimes it works and why sometimes it does not work?

I had heard of extreme comments from other traders, ie "indicators do not work", "don't waste your time using indicators", etc. Possibly those traders have been losing a lot of money using indicators in their trading.

In the past 1-2 years I have heard of trading courses started to teach trading without using any indicators. So this means even the trading educators who have been trading for years do not believe in indicators.

Since indicators have been an important tool in trading, in Tactical Trading Academy, we have done extensive research into this area. Our conclusion is that different products (currency pairs) have different behaviours. So you must use specific indicators for specific products.

In our website under "Our Trading Secret", we mentioned that we have evidences to show that using a fixed indicator will not be profitable strategy in the medium term.

Let us use USDJPY as an example. The graph below will show you what is your equity value if you have been using those indicators to trade USDJPY for the past 6 months.

The graphs show that if you have been using MACD and Parabolic to trade, you will do well. We perform our quantitative test and send out the results to our subscribers on a weekly basis. So our subscribers will know specifically which indicators to use for which currency pairs.

So what are the signals from MACD and Parabolic for USDJPY telling us now? Both have signal sell. As a matter of fact, yesterday we had already sent out emails informing our subscribers that USDJPY presents a selling opportunity when it was trading at 96.06. At the time of writing USDJPY is trading at 95.60, this trade is sitting on 46 pips profit.

We have posted this trade in our website yesterday, see here. If you click on the link you will see that both Parabolic and MACD have signal SELL on the USDJPY chart.

We believe this research discovery is a breakthrough in the trading industry and few traders are awared of this.

If you are interested to subscribe to our service, send an email to us at metal.commodity@tradingeducationprogram.org.

Upon subscription, you will receive the followings:
1. Weekly updates on the proven indicators
2. One-to-one coaching on trading
3. Live emails reminders when trading opportunities occur
4. Ebook on our BL TS system

2009-03-12T20:30:00.001+08:00

The Nature Company

is the first garden concept store in Singapore to introduce modular water features and D-I-Y garden concepts.

Being stylish, compact and affordable, many homes and businesses are enhanced by the marvelous soothing effects of Nature's water features. The Nature Company is well-known for our tasteful designs and innovative creations, many of which have been featured on local magazines and national television.

We envision bringing the garden sanctuary back into the concrete urban landscape. With our low-cost, D-I-Y pond and garden templates accompanied with assembly guides, creating your own water features is fun, satisfying and easy for everyone.

To visit our website, go to www.natureco.com.sg

Gold: 5.20 Ticks Profit

2009-03-11T17:57:00.001+08:00

I closed my position at 901.80, 5.20 ticks.

Original trade:
Bought Gold at 896.60
Stop level at 885.44
Target level at 910.00

Gold: Open Buy Trade

2009-03-11T10:49:00.001+08:00

Good support level at 890.00
Both Comm Channel and Relative Strength Index had signal BUY

Bought Gold at 896.60
Stop level at 885.44
Target level at 910.00

If you are interested to trade gold online, click here to open account. Choose standard account in account opening. Minimum capital required is US$1000.

Trading Education Program

2009-03-11T07:52:00.001+08:00

Jobs are unsecured and lost in current economic environment, we need to equip ourselves with a skill such as forex trading that can help us earn secondary incomes.

Employers can take away our jobs but they cannot take away the forex trading skill which will belong to you once you have master it.

Forex trading is one of the way which we can use to earn secondary incomes.

As a matter of fact, in current market environment, I perceive that forex trading is a safer financial instrument than stock investment. Stock market is experiencing a bottomless fall now. As for forex trading, if you have a good system, there are a lot of opportunities in making money now.

If you want to learn a good forex trading system, you may want to take up my Trading Education Service.

If you sign up for my Trading Education Program, you will

Receive a manual for my system
Receive daily email on my trades with entry level, stop loss and exit level for the next 3 months (through these emails you will be able to learn when to enter a trade using real life example)
Receive market commentary
Develop confidence as a trader
Unlimited email support for the next 3 months (you will be able to ask me all the questions about trading)
Make trading profits

In my opinion a new trader must be guided in a real life trading environment for a period of time, this is why my education program last for 3 months.

If you are interested in my trading education program, send an email to me at metal.commodity@gmail.com.

These are my track records:

525 pips profit generated in the month of February 2009:
See here.

317 pips loss generated in the month of January 2009:
See here.

699 pips profit generated in the month of December 2008:
See here.

857 pips profit generated in the month of November 2008:
See here

781 pips profit generated in the month of August - October 2008:
See here

My official website: http://systematictrading.wordpress.com/

(Testimonials from my subscribers, performance of my alerts and details of past trades can be found inside)

Through my manual you will learn the methodology of my system. Through my emails you will learn why I execute those trades. I am sure my service will make you into a better trader.

"Nothing happens by itself...it all will come your way, once you understand that you have to make it come your way, by your own exertions." - Ben Stein

Gold: 8.90 Ticks Profit

2009-03-09T23:17:00.002+08:00

I closed my position on gold at 926.00, 8.90 ticks profit.

Original trade
Shorted Spot Gold at 934.90
Stop level at 946.00
Target level at 922.00

Shorted Gold at 934.90

2009-03-09T15:51:00.005+08:00

Gold is trading in a downward channel
RSI, Bollingerband and CCI had all signaled SELL for Gold

Shorted 1 lot of Spot Gold at 934.90
Stop level at 946.00
Target level at 922.00

If you are interested to trade gold, click here to open account.
Choose standard account. Minimum capital required is US$1000.

2009-01-25T23:48:00.000+08:00

Oil Direction For Next Week

2009-01-25T01:45:00.004+08:00

Crude oil may rise as members of the Organization of Petroleum Exporting Countries make record output cuts to counter the recession in major consuming countries.

Saudi Arabia, OPEC’s biggest producer, has decided to cut output by 300,000 barrels a day below its OPEC quota to prop up prices, Algerian Oil Minister Chakib Khelil said on Jan. 21, according to the state-run newspaper El Moudjahid yesterday.

Overtrend of oil is still down.

Confirmation of the direction for next week will depends if oil price goes above $50. $50 is a short term resistance level. If oil price goes above $50, it also means that there is an effective breakout of 50 days moving average.

Breakout of $50 level may signal the end of downtrend on a short term basis. Traders may want to enter a long position if there is breakout of $50 resistance level.

Alternatively if oil price retraces downwards and fall back below 50 days moving average, this might signal that downtrend resumes. In this case traders may want to enter a short position.

More Downside For Oil

2009-01-23T11:40:00.003+08:00

Rising inventory is a sign of fundamental weakness

a) U.S. crude oil inventories increased by 6.1 million barrels in the week ending Jan. 16, the U.S. Energy Information Administration said Thursday.
b) Crude inventories rose from 326.6 million barrels to 332.7 million barrels, during the week, an indication that production is exceeding demand.
c) Gasoline inventories increased by 6.5 million barrels to 220 million barrels, while supplies of distillate fuels, which includes heating oil, rose by 0.8 million barrels to 145 million barrels.
d) Finished gasoline and gasoline blending components inventories also rose during the week, EIA reported.

Technical

Downtrend maintains for oil chart. Failure to go above $45 will result in lower oil price.

Learning to trade FX may give you a career opportunity

2009-01-22T15:18:00.001+08:00

Foreign exchange (FX) professionals are still in demand in Asia. The sector is comparatively profitable and liquid, layoffs are limited, and small-scale hiring is still happening.

There is still recruitment going on in operations and in the middle office to support front-office growth and to control risk.

Banks generally want people with experience in complex products - not just vanilla FX - because their clients are seeking structures that can enable them to hedge exposures, limit risk and at the same time benefit from FX volatility.

To read the full report, click here.

If you have not traded forex before, click here to open a mini account. Minimum capital is only US$100.

2008-12-23T17:45:00.001+08:00

Crude oil fell for a second day in New York on speculation that a deepening global recession is reducing fuel demand in Asia, undermining OPEC's efforts to boost prices by cutting production.

Japan's crude imports and South Korean fuel demand dropped in November, and slumping Chinese growth prompted the nation's central bank yesterday to cut rates for the fifth time in three months.

The Organization of Petroleum Exporting Countries is ``determined'' to stabilize oil markets, Saudi Arabian Oil Minister Ali al-Naimi said Dec. 21.

``Even if OPEC cuts, and it still stays bearish on demand, it will require further cutbacks in supply,'' said Mark Pervan at Australia & New Zealand Banking Group Ltd. in Melbourne. ``We've still got more weak demand data to come out and that will put more downside risk for price.''

Crude oil for February delivery fell as much as 86 cents, or 2.2 percent, to $39.05 a barrel. It was at $39.47 a barrel at 3:25 p.m. Singapore time on the New York Mercantile Exchange. Prices have dropped 73 percent from a record $147.27 on July 11.

January futures, which expired last week, plunged 6.5 percent to $33.87 a barrel on Dec. 19, the lowest settlement for a contract closest to expiration since Feb. 10, 2004. Oil has declined 27 percent in December and dropped 59 percent this year, snapping six years of gains.

U.S. supplies climbed in 11 of the past 12 weekly reports from the Energy Department as consumption dropped. Inventories probably rose 900,000 barrels last week, according to the median of analyst responses in a Bloomberg News survey. The department is scheduled to release its next report at 10:35 a.m. tomorrow in Washington.

We should be hearing more bad news from 4th quarter corporate earnings, hence we should be seeing oil price falling below $35 in the first quarter of 2009.

Took Profit On Silver Trade (25 ticks)

2008-12-17T23:11:00.004+08:00

Close spot silver position at 11.44, profit is 25 ticks, US$250.

Original trade:
Bought 1000 spot silver at 11.19
Stop level at 10.79
Target level at 11.61

Silver - Open Long Trade

2008-12-17T22:44:00.000+08:00

Bought 1000 spot silver at 11.19

Stop level at 10.79

Target level at 11.61

If you are interested to trade silver contracts and get 3 months of free trade alerts, click here to open account. Choose Standard Account for account opening.

Risk disclosure: Commodity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Target Level Reached For Silver

2008-12-17T09:59:00.004+08:00

Silver - Long trade closed

Original trade details:

Bought 1000 spot silver at 10.68

Stop level at 10.40

Target level at 11.17

Closed at 11.17 (Profit is 49 ticks, US$490)

If you are interested to trade silver contracts and get 3 months of free trade alerts, click here to open account. Choose Standard Account for account opening.

Silver - Open Long Trade

2008-12-16T23:27:00.001+08:00

Bought 1000 spot silver at 10.68

Stop level at 10.40

Target level at 11.17

Oil: Profit Stop Triggered

2008-12-16T23:00:00.002+08:00

Profit stop at 45.81 is triggered. Profit is 40 pips.

Original trade:

Bought 1 lot of supermini Oil at 45.41

Stop level at 43.70

Target level at 47.00

If you are interested to trade supermini oil contracts and get 3 months of free trade alerts, click here to open account. Choose Standard Account for account opening.

Risk disclosure: Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Oil: Rise My Stop

2008-12-16T22:52:00.002+08:00

Oil is currently trading at 46.23, the trade is in the money for 82 ticks.
I decide to rise my stop to 45.81.

Original trade:
I bought 1 lot of supermini Oil again at 45.41
Stop level at 43.70
Target level at 47.00

Bought Oil Again

2008-12-16T21:08:00.004+08:00

Oil trade triggered stop at 44.00. Loss is US$74.
The loss is not due to wrong view of oil but because the stop is placed too near.

I bought 1 lot of supermini Oil again at 45.41
Stop level at 43.70
Target level at 47.00

Oil – Long trade open

2008-12-16T11:36:00.004+08:00

Bought 1 lot of supermini Oil at 44.74

Stop level at 44.00

Target level at 46.48

(Value of 1 point is US$100)

If you are interested to trade supermini oil contracts and get 3 months of free trade alerts, click here to open account. Choose Standard Account for account opening.

Oil: Stop Triggered At Breakeven

2008-12-16T11:20:00.001+08:00

Oil: Stop Triggered At Breakeven

Original trade:
Open Long: 1 lot supermini Oil @ 44.67
Stop level: 44.67 (Shifted to breakeven)
Target level: 46.92

Oil: Shifting My Stop To Breakeven Level

2008-12-16T03:01:00.001+08:00

Oil trade is in the money for 53 ticks now.
I decide to shift my stop to breakeven level.

Original trade:
Open Long: 1 lot supermini Oil @ 44.67
Stop level: 43.30
Target level: 46.92

Oil – Long trade open

2008-12-16T02:43:00.002+08:00

Open Long: 1 lot supermini Oil @ 44.67
Stop level: 43.30
Target level: 46.92

Goldman predicts oil to hit $30 a barrel

2008-12-14T17:26:00.001+08:00

Oil prices will fall to $30 a barrel in the next three months, Goldman Sachs said yesterday, as it lowered its 2009 forecast for oil prices to $45 a barrel, down from a previous prediction of $80 a barrel.

The forecast is an awkward U-turn for a bank that, until recently, had been one of the big bulls of the oil market and only a few months ago warned about the danger of a "super-spike" to $200 a barrel.

In the broader commodities asset class, the bank was also bearish, telling clients to underweight commodities, particularly relative to equities.

"Commodities will be one of the last asset classes to perform in a recovery," the bank said.

See here for full report.

Stop Triggered for Gold

2008-12-12T10:24:00.000+08:00

Trade details:

Open Long: 100 Spot Gold at 833.43
Stop level at 819.00
Target level at 846.38

Gold - Long trade open

2008-12-11T20:44:00.004+08:00

Open Long: 100 Spot Gold at 833.43
Stop level at 819.00
Target level at 846.38

Risk disclosure: Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Oil Trading Strategy: Any Rally Is A Sell

2008-12-11T10:14:00.003+08:00

Crude oil rose on speculation that Russia may coordinate a production cut with OPEC next week to end the five-month slump in prices.

Crude oil futures for January delivery rose as much as $2.65, or 6.3 percent, to $44.72 a barrel in electronic trading on the New York Mercantile Exchange. It was at $44.10 a barrel at 12:57 a.m. London time.

I do not think production cut by OPEC will create a big rally in oil price. Why? Let us analyse why oil price has gone up to $145 last year: it is huge number of speculators. With this current economic situation, most speculators have fleed. So unless the speculators are back, we are not likely to see any sustainable rally in oil price.

Fundamental is weak for oil:

a) Yesterday US reported that inventory for refinery product surged significantly, indicating consumption is deteriorating seriously amid high unemployment and poor economy.

b) Apart from the US, China has also recorded fall in oil demand. In November, oil imports in China dropped 1.8% YoY to 13.36M metric tons, the lowest in a year and the first decline since July.

Technically on the chart, oil is in a steep downtrend (see below for oil chart). Hence in my view, any rally for oil is a selling opportunity.

Nymex oil contract is too huge for normal retail traders like me and you, whereby value of 1 point is US$500. Now supermini oil contract is available in a European platform, value of 1 point is only US$100, click here to view. If you are opening the account, choose Standard account for account opening.

Risk Disclosure: Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Target Level Reached for Oil (Profit US$112)

2008-12-10T23:58:00.004+08:00

Oil – Shorted closed (+ 112 ticks)

Open short: 1 Supermini Oil @ 44.25
Stop level: 45.00
Target level: 43.13
(Close at 43.13, profit is US$112)

All of my trades are executed based on BL TS (trading system). If you are interested to generate alternative income by tapping on BL TS, send an email to me at metal.commodity@gmail.com.

If you are interested to trade supermini oil contracts, click here to open account. Choose Standard Account for account opening.

Risk disclosure: Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Oil – Short trade open

2008-12-10T22:42:00.002+08:00

Open short: 1 Supermini Oil @ 44.25
Stop level: 45.00
Target level: 43.13
(Value of 1 full point is US$100)

Cut Loss On Oil Trade

2008-12-09T14:27:00.001+08:00

Oil – Long closed (-32 ticks), see here

Open Long: 1 supermini Oil @ 44.27
Stop level: 42.00
Target level: 46.80
Closed: 43.42 (Loss is US$32.00)

Oil - Short trade open

2008-12-09T00:21:00.002+08:00

Oil prices rebounded from four-year lows and shot above $43 a barrel Monday as OPEC floated the possibility of a "severe" production cut and several countries announced new measures to boost their economies.

Open Long: 1 supermini oil @ 44.27
Stop level: 42.00
Target level: 46.80
(Value of 1 full point is US$100)

If you are interested to trade supermini oil contracts, click here to open account. Choose Pro-Account for account opening.

Took Profit on Gold (US$413 Profit)

2008-12-08T16:37:00.006+08:00

Gold – Long closed (US$413 pips), see here

Open Long: 100 Spot Gold @ 770.25
Stop level: 739
Target level: 799.50
Closed: 774.38 (Profit is US$413.00)

All of my trades are executed based on BL TS (trading system).If you are interested to generate alternative income by tapping on BL TS, send an email to me at metal.commodity@gmail.com.

If you are interested to trade supermini oil contracts, click here to open account. Choose Pro-Account for account opening.

Risk disclosure: Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Gold - Long trade open

2008-12-08T15:51:00.004+08:00

Last Friday, the United States' Bureau of Labor Statistics reported that Non-Farm Payrolls for the month of November fell by more than 533K, the most in 34 years. The Labor Department also said the unemployment rate rose to 6.7 percent, the highest level since 1993.

Fundamental of US is weak, creating weak sentiment for the US Dollar. Hence I believe US Dollar should depreciate over the next few days, thereby pushing gold price higher.

Open Long: 100 Spot Gold @ 770.25
Stop level: 739
Target level: 799.50

If you are interested to trade supermini oil contracts, click here to open account.
Choose Pro-Account for account opening.

Risk disclosure: Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Merrill Sees $25 Oil Ahead

2008-12-06T05:35:00.001+08:00

Oil prices are likely to keep falling until well into next year and could reach $25 a barrel before recovering, U.S. bank Merrill Lynch has said.

In a research report published on Thursday, it said oil prices should begin to rally in the second half of 2009.

Merrill Lynch recently cut its forecast for the average price of U.S. crude oil futures and North Sea Brent crude oil to $50 a barrel from a previous estimate for both crudes of $90.

"With demand vanishing across all key oil consuming regions, benchmark crude oil prices continue to plummet," it said. "In the short-run, market participants will focus on both OPEC and perhaps even non-OPEC producer responses to balance the market."

"A temporary drop below $25 is possible if the global recession extends to China and significant non-OPEC production cuts are required," it said.

In my view oil being an industrial commodity will suffer slow down in demand. Unless we see stability in financial sector, oil price is likely to stay below US$40. When this happens, all the investment on alternative energy (biofuel, solar, wind mill) will go to waste.

Target Level Reached For Oil Trade (Profit US$273)

2008-12-05T23:05:00.009+08:00

Yesterday I had shorted 1 lot of supermini oil contract at 45.56, see here.

Oil prices plummeted Friday as the already battered market reacted to unexpectedly high U.S. unemployment figures. Skittish U.S. employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent.

Oil price plunged and target level reached as a result.

Open Short: 1 lot Supermini Oil @ 45.56
Stop level: 48.10
Target level: 42.83
Closed: 42.83 (Profit is US$273)
(Value of 1 full point is US$100)

This trade is executed based on BL TS system. If you are interested in BL TS, send an email to me at metal.commodity@gmail.com.

If you are interested to trade supermini oil contracts, click here to open account.
Choose Pro-Account for account opening.

Risk disclosure:
Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Review On Oil Trade (US$192 Profit)

2008-12-05T16:29:00.004+08:00

Yesterday I had shorted 1 lot of supermini oil contract at 45.56, see here.

Market has moved in my favour, currently oil is trading at 43.64, so unrealised profit is US$192.

Open Short: 1 lot Supermini Oil @ 45.56

Stop level: 48.10

Target level: 42.83

(Value of 1 full point is US$100)

If you are interested to trade supermini oil contracts, click here to open account.

Choose Pro-Account for account opening.

Risk disclosure:

Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Oil - Short trade open

2008-12-04T16:01:00.009+08:00

Open Short: 1 lot Supermini Oil @ 45.56
Stop level: 48.10
Target level: 42.83
(Value of 1 point is US$100)

If you are interested to trade supermini oil contracts, click here to open account.
Choose Pro-Account for account opening.

Risk disclosure
Oil and Gold trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to participate in the futures trading markets. Don't trade with money you can't afford to lose. This website is neither a solicitation to invest nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.

Gerald Celente talks about gold and oil

2008-12-03T19:49:00.000+08:00

Crude Oil Falls After OPEC Defers Decision to Cut Production

2008-12-02T21:50:00.005+08:00

Crude oil fell for a third day after the Organization of Petroleum Exporting Countries deferred a decision to reduce output until its next meeting on Dec. 17.

OPEC said it will use the time to gauge the impact of a 1.5 million-barrel-a-day reduction agreed to in October. The group will trim production at its next meeting, the secretary general said today. Slowing growth means demand will be “much lower” than expected a month ago, OPEC said after a Nov. 29 gathering.

My system continues to signal Sell for crude oil.

I place a working order to sell 1 lot supermini oil at $55.00.

If you are interested to trade supermini oil contracts, click here to open account. Choose Pro-Account for account opening.

Stop Triggered for Oil trade

2008-11-07T23:58:00.000+08:00

Today I had bought 1 lot of supermini oil at 61.39, trailing stop of 200 pips.

Stop is triggered, loss is US$74.00.

Bottoming Process Is Formed for Oil

2008-11-07T11:04:00.008+08:00

Oil price has started to move upward after plunging to a low of $60.

Bought 1 lot of supermini oil at 61.39
Trailing stop of 200 pips
Target level at 63.77
(Value of $1 point in oil price is US$100)

If you cannot take too much risk in oil trading just like me, you may want to open a platform that trade supermini oil contracts. Value of $1 is US$100. To open account, click here. Choose standard account in account opening.

Place Working Order To Buy Oil

2008-11-06T00:58:00.004+08:00

Oil price has been trading in a range of $62 - $70 for the past 2 weeks.

I had placed a working order to buy 1 lot of supermini oil contract at $62.50.

Kindly note that my order can change anytime without notice.

Cut Loss On Oil

2008-11-05T20:49:00.002+08:00

Today I had shorted 1 lot of supermini oil at 67.28.

Oil price moves up after I had shorted it. I decided to cut loss at 69.12, loss is US$184.

Shorted Oil at 67.28

2008-11-04T03:37:00.005+08:00

Stock market and commmodities have fallen after US confirmed that Barack Obama will be the next President.

BL Trading System has signal SELL for oil as well.

Shorted 1 lot of supermini oil at 67.28
Stop level at 69.34
Target level at 65.18
(Value of 1 point is US$100)

If you do not want to take too much risk in oil trading, try supermini contract. Click here to open account.

Profit For Today: US$284.69

2008-11-04T01:05:00.000+08:00

I had executed 5 trades today, 4 won and 1 lost, profit is US$284.49 :

1. I had bought 1 lot of supermini oil at 69.00, stop level at 71.00, target level at 67.00. See here.
Oil price moves in my view, but I think oil price has come down too fast and too steep, so I sold off at 67.31. Profit is US$169.00.

2. I had shorted 20,000 EURJPY at 126.60, stop level at 127.56, target level at 125.41. See here.
I decided to sell at 126.01, profit is 59 pips, US$119.96.

3. I had sold 10,000 AUDUSD at 0.6789, stop level at 0.6939, target level at 0.6644. See here.
I took profit at 0.6756, profit is 33 pips, US$33.00.

4. I had bought EURJPY at 126.93, stop level at 126.00, target level at 128.18. See here.
I took profit at 127.52, profit is 59 pips, US$59.49.

5. I had bought USDCAD at 1.2000, stop level at 1.1885, target level at 1.2113. See here.
Stop is triggered, loss is US$96.76.

Took Profit on Oil trade (169 Pips Profit)

2008-11-03T16:17:00.005+08:00

Today I had bought 1 lot of supermini oil at 69.00, stop level at 71.00, target level at 67.00. See here.

Oil price moves in my view, but I think oil price has come down too fast and too steep, so I sold off at 67.31. Profit is US$169.00.

Working Order Is Filled

2008-11-03T13:55:00.006+08:00

Last Friday I had placed a working order to sell 1 lot of supermini Oil at 69.00. See here.

Order is filled today, so I had:

Bought 1 lot of supermini oil at 69.00
Stop level at 71.00
Target level at 67.00
(Value of 1 point is US$100)

If you do not want to take too much risk in oil trading, try supermini contract. Click here to open account.

Working Order To Sell Oil

2008-10-31T19:07:00.004+08:00

Working order to sell 1 lot of supermini Oil at 69.00.
Place stop level at 71.00
Target level at 67.00.
(Value of 1 point is US$100)

Please note that this working order is only good for the day. My orders can change anytime without notice.

Stop Triggered for Oil

2008-10-31T19:05:00.002+08:00

Yesterday I had bought 1 lot of supermini oil at 68.62, stop level at 66.59, target level at 71.09.

Stop is triggered.

Bought Supermini Oil Contract Again

2008-10-30T19:10:00.005+08:00

BL Trading System continues to signal BUY for Oil.

Bought 1 lot of supermini oil at 68.62
Stop level at 66.59
Target level at 71.09
(Value of 1 point is US$100)

Took Profit on Oil

2008-10-30T17:09:00.002+08:00

Yesterday I had bought 1 lot of supermini oil at 66.32, stop level at 61.00, target level at 73.34. See here.

Oil price moves up according to my view. Stochastics chart shows that oil is overbought, so I decide to take profit first. Sold at 68.95, profit is US$262.65.

Review on Oil Trade

2008-10-30T08:53:00.005+08:00

Yesterday I had bought 1 lot of supermini oil at 66.32, stop level at 61.00, target level at 73.34. See here.

Oil price moves up according to my view. Currently oil is trading at 68.54, unrealised profit is US$221.65.

If you do not want to take too much risk in oil trading, try supermini contract. Click here to open account.

System signals BUY for oil

2008-10-29T22:46:00.005+08:00

Finally after a long period, my system signals buy for oil again. I think the 2nd wave of bull run for oil is here.

My system has signal for weakening of USD, hence this is good news for commodities.

Bought 1 lot of supermini oil at 66.32
Stop level at 61.00
Target level at 73.34
(Value of $1 is US$100)

If you do not want to take too much risk in oil trading, try supermini contract. Click here to open account.

Will Oil fall more?

2008-10-09T02:22:00.000+08:00

Will Oil Fall More?

Oil Price Fell

2008-09-29T20:44:00.004+08:00

Last Thursday 25 September I mentioned that oil price looks to go lower as the indicator signals so. At that time oil price was trading at US$104.50 now oil price is trading at US$101.05. Details here.

If you had traded supermini oil contract in FXYard platform, your profit will be (104.50 - 101.05) x 100 = US$345. Click here to open account.

The $700 billion bailout package reduces the chance of a complete meltdown, but worries on the demand side will continue to weight on oil prices. Indicator continues to signal sell for oil.

Oil Price Looks to Go Lower

2008-09-25T17:05:00.004+08:00

Crude oil declined for the third day on growing concerns over US demand.

US's crude inventories fell less than expected and refinery rates dropped to the lowest in at least 19 years amid slowing consumption.

Indicator shows that oil price looks to go lower. Current oil price is US$104.50.

2008-09-24T09:54:00.000+08:00

Tracking Oil's Trend

Shania Twain - From This Moment On

2008-09-21T23:11:00.000+08:00

Took Profit on Oil / Gold Spread Trade

2008-09-18T08:59:00.001+08:00

On Monday 25 August, I mentioned that Oil / Gold ratio chart looks toppish and has started to move downward. So tap on this downward movement is to sell oil and buy gold. Details here.

I had sold 1 lot of supermini oil at 115.00 and bought 1 lot of gold at 822.63.

Currently oil is trading at 97.60, gold is trading at 892.08.

Profit and Loss:
Shorted 1 lot of supermini oil: (115.00 - 97.60) x 100 = +US$1740
Bought 1 lot of gold: (892.08 - 822.63) x 100 = +US$6945
Net profit = 1740 + 6945 = US$8645

To execute this trade, you need to sell oil contract that trade in multiple of 100, which is same as gold. To do that, you need to open account at FXYard which allow you to do so (supermini oil contract). Click here to open account.

Oil and Gold outlook

2008-09-11T09:19:00.001+08:00

Oil and Gold Outlook

Crude Oil Traders Trim Bets on Price Rise, CFTC Data Shows

2008-09-10T18:05:00.002+08:00

Hedge-fund managers and other large speculators decreased their net-long position in New York crude-oil futures in the week ended Sep. 2, according to U.S.
Commodity Futures Trading Commission data.

Speculative long positions, or bets prices will rise, outnumbered short positions by 14,331 contracts on the New York Mercantile Exchange, the Washington-based commission said in its Commitments of Traders report. Net-long positions fell by 5,835 contracts, or 29 percent, from a week earlier.

Hedge funds have reduced their position on crude oil signaling that oil price is going to fall further. I think we will see a strong support only when it goes to $100.

Experimenting my new strategy on Oil Trading

2008-09-08T08:16:00.009+08:00

While I was working in an equity investment house couple of years ago, one of the Vice Presidents told me that he categorised the market as animal. He advised me that if you want to become a good investor, you must know how to tame the animals.

Anyone who has traded crude oil will know that this is a cunning and fierce animal. It is not easy to predict the direction of crude oil and its movement is very wild. If you uses simple strategy like oil inventory or charting to track oil, you will be hunted down by this animal.

Currently I am experimenting a new strategy to trade oil. That is using USDCAD to track the direction. Forex market is the market with the highest volume in the financial market, hence no single party is able to manipulate the market.

USDCAD moves in the inverse direction to Crude oil. Since my system has signal SELL for USDCAD, it might just signals that Oil price is moving up.

Let us see if this is true. Oil price is now trading at $108.32.

If you are interested to open an account that enables you to trade both forex and commodities, click here. Demo account is available.

If Oil contract is too big for you, use USDCAD to trade

2008-09-03T09:56:00.002+08:00

$1 in Nymex Oil mini contract represents US$500
$1 in FXYard Oil supermini contract represents US$100

If supermini contract is still too big for you to trade, then consider using USDCAD to trade. You can trade in size of 10,000, which is very affordable to retail traders.

On 20 August, I had written an article "Trade USDCAD by tracking Oil price" in my FX trading website. This is because USDCAD moves in the inverse direction to oil price. So this means if you think oil price is going to fall, you should buy USDCAD.

This is exactly what I have been doing. I predict oil price will fall to US$100 before rebounding up, so this means USDCAD will continue to rise until oil hits US$100.

See my USDCAD trade here.

Oil: A trader's market

2008-09-03T01:53:00.000+08:00

Oil / Gold ratio chart

2008-09-01T20:16:00.007+08:00

Oil / Gold ratio chart is pointing down.

To tap on this trend, I had executed an inter-commodity spread trade: Short oil and Buy gold. Details here.

To execute this trade, you need to sell oil contract that trade in multiple of 100, which is same as gold.

To do that, you need to open account at FXYard which allow you to do so (supermini oil contract). Click here to open account.

Profit for Oil / Gold Trade Turns Higher

2008-08-28T22:11:00.007+08:00

On Monday 25 August, I mentioned that Oil / Gold ratio chart looks toppish and has started to move downward. So tap on this downward movement is to sell oil and buy gold. Details here.

I had sold 1 lot of supermini oil at 115.00 and bought 1 lot of gold at 822.63.

Currently oil is trading at 118.89, gold is trading at 839.13.

Profit and Loss:
Shorted 1 lot of supermini oil: (118.89 - 115.00) x 100 = -US$389
Bought 1 lot of gold: (839.13 - 822.63) x 100 = +US$1650
Net profit = 1650 - 389 = US$1263

Oil chart

Gold chart

To execute this trade, you need to sell oil contract that trade in multiple of 100, which is same as gold. To do that, you need to open account at FXYard which allow you to do so (supermini oil contract). Click here to open account.

Oil / Gold spread trade turns profitable

2008-08-27T17:18:00.005+08:00

On Monday 25 August, I mentioned that Oil / Gold ratio chart looks toppish and has started to move downward. So tap on this downward movement is to sell oil and buy gold. Details here.

I had sold 1 lot of supermini oil at 115.00 and bought 1 lot of gold at 822.63.

Currently oil is trading at 117.23, gold is trading at 833.13.

Profit and Loss:
Shorted 1 lot of supermini oil: (117.23 - 115.00) x 100 = US$223
Bought 1 lot of gold: (833.13 - 822.63) x 100 = US$1050
Net profit = 1050 - 223 = US$827

Oil / Gold ratio chart is still pointing down

My websites:
www.CommoditiesTradingPro.com
Investment-News-Update.blogspot.com
AllAboutOil.blogspot.com
www.ForexandBinary.com

Oil / Gold ratio going down

2008-08-25T22:35:00.015+08:00

Making directional bets can be rather risky in a choppy market like this. Trading spreads may be a safer way to trade. Traders can execute inter-commodity spreads as well as calendar spreads.

Inter-commodity spreads include:
Oil/Gold, Gold/Silver, Oil/Natural Gas, Gold/ Dow Jones

Calendar spreads include:
Buy near month copper and sell far month copper, Buy Winter natural gas and sell Summer natural gas

a) The logic of buying near month copper and selling far month copper is when copper is in contango situation. As this commodity is in a tight situation, contango will eventually turn into backwardation situation. Hence this spread trade will be profitable.

If you do not understand the concept of backwardation and contango, read my article on Must Know Concepts on Commodities Trading.

b) The logic of buying winter natural gas is that consumption of natural gas rises in winter season and reduces in summer season.

Inter-commodity spread trade for Oil/Gold
Today I am interested in the inter-commodity spread for Oil/Gold.
Oil / gold ratio chart looks toppish and has started to move downward. I believe this downward movement is sustainable, so the strategy is to sell oil and buy gold.

I had sold 1 lot of supermini oil at 115.00 and bought 1 lot of gold at 822.63.

To do that you need to open account at Forexyard, because Forexyard offers supermini oil contract whereby US$1 is equal to US$100, which is the same multiple as the gold contract.
To open the account, click here.

My ex-colleagues who are still working as commodity specialists in a bank are experts in industrial metals. If you are interested to talk to them about trading in industrial metals, send an email to me at metal.commodity@gmail.com.

How to find the bottom in energy?

2008-08-19T11:19:00.001+08:00

Cramer: Stocks to Buy on Oil's Slide

2008-08-09T11:21:00.000+08:00

God's Training School

2008-08-07T17:27:00.001+08:00

[We are] heirs of God and joint heirs with Christ, if indeed we suffer with Him. —Romans 8:17

Lew Wallace’s book Ben-Hur tells the story of a Jewish aristocrat betrayed by his best friend and condemned to serve as a galley slave in the Roman navy. On a forced march to the ship, Judah Ben-Hur meets Jesus of Nazareth, whose compassion fills him with hope. Eventually, Ben-Hur saves the Roman commander during battle. In gratitude, the commander adopts Ben-Hur as his son, instantly elevating him from slave to heir.

That’s what happens to us when God adopts us into His family. But great privilege brings great responsibility. Paul said that we become “heirs of God and joint heirs with Christ, if indeed we suffer with Him” (Rom. 8:17). The gospel does not say, “Come to Jesus and live happily ever after.” God’s syllabus for His children’s education includes training through hardships.

Ben-Hur’s years of enduring hardship as a Roman slave strengthened him and increased his endurance. He eventually defeated his “friend-turned-enemy” in a chariot race.

As endurance and training were key to Ben-Hur’s victory, so are they vital to victory in the Christian’s war with sin and evil. The hard times we endure are God’s way to prepare us for greater service for His glory. — C. P. Hia

So send I you to hearts made hard by hatred,
To eyes made blind because they will not see,
To spend though it be blood—to spend and spare not—
So send I you to taste of Calvary. —Clarkson
© 1966 Singspiration

We conquer by continuing.

Do not rush in for Oil

2008-08-06T10:58:00.006+08:00

I am quite bullish on oil until the support level at US$121 is broken.

Oil prices extended their slide Tuesday, closing below 120 dollars for the first time in three months, as signs of a slowing global economy raise doubts about demand.

New York's main contract, light sweet crude for September fell 2.24 dollars to close at 119.17 dollars a barrel.

Prices also lost support from the diminishing threat of a storm in the Gulf of Mexico, home to major oil installations. Tropical Storm Edouard made landfall Tuesday on the Texas coast in the Gulf of Mexico, according to the National Hurricane Center.

If oil price rebounds and fails to break US$121 resistance, I may be interested to short oil.

If you cannot take too much risk in oil trading just like me, you may want to open a platform that trade supermini oil contracts. Value of $1 is US$100. To open account, click here. Choose standard account in account opening.

Great Opportunity for Oil Trading

2008-08-04T17:55:00.008+08:00

Crude futures had jumped higher on Friday on resurgent concerns about the Iranian nuclear energy row, as Israel's deputy Prime Minister, Shaul Mofaz, said Tehran was playing for time.

Iranian issue remains fluid and it looks like more sanctions will be imposed by the world powers and they will likely raise tensions over Iran," said Victor Shum, a Singapore-based analyst at Purvin and Gertz.

Daily chart shows that $120 is a good support level. Indicator is pointing up for oil.

I will be interested to buy oil at around $122 - $123 and place a stop below $120.

However do take note that FOMC will be announcing their interest rate decision tomorrow and oil inventory announcement on Wednesday, so we have to expect volatility.

In my view ForexYard offers the best platform for retail customer who do not want to take too much risk in oil trading because they offer supermini oil contract.

Value of $1 is only $100. So say you bought 100 units of oil at $122 and place a stop at $119.50, maximum potential loss is only (122 - 119.50) x 100 = US$250. Choose standard account in account opening.

To open account at ForexYard, click here. Demo account is available.

Criteria for Choosing an Online Trading Platform

2008-08-02T19:37:00.004+08:00

In recent years, there are enormous numbers of trading platform emerged in the financial market. Most of them look identical, some are inethical, you have to be careful when choosing one for your own trading.

There are fours factors that I look into when choosing a trading plaform: Uniqueness, Dealing spreads, Commission rate and Minimum amount for account opening.

UNIQUENESS
There are many platforms in the market now, ask yourself why must I choose this platform to trade? Do this platform offers something unique that other platforms do not offer?

Well I had identified a trading platform that is unique compared to most other platforms. That platform is from ForexYard.

1. This platform offers super mini contract for oil which most platforms do not offer. Most platforms only offer oil futures contract from Nymex exchange.

Contract size for Nymex oil futures is too huge for a normal employee to stomach the risk, value of 1 point is US$1000.
As for super mini oil contract offers by ForexYard, 1 point is only US$100, which is very affordable for a normal employee.

2. Most platform offers contracts that have expiration date, but contracts from ForexYard does not expire.

If you had traded oil using other platforms, say you are bullish on oil, so you bought oil June futures contract. You will be forced to sell off your position last week on 20 May as the contract had expired on that day.

If you want to hold on to a oil position, you will need to buy July contract again, again you face the risk of your contract expired before you see profit in your trading. It will be painful to see oil price rally after your contract expires, missing the great profit gain.

But with ForexYard platform you will not have this problem, because its oil, gold and silve contracts do not expire. As long as your account has sufficient equity, you will be able to hold on to your positions.

DEALING SPREADS
Most customers are not awared that there is a group of dealers behind every trading platform, controlling the dealing prices 24 hours a day. When there is an event that is not favourable to the company (such as during major economics news release or fast market), the dealers will widen the spreads of the quoting prices.

With ForexYard platform you will not have this problem. The platform offers the clients 3 pips spread for EUR/USD and 3-5 pips spread for other majors. The company promises not to widen spreads under any market condition.

An example of such senario is: US Non-Farm payroll data is going to be announced in 5 minutes time, you think that this data is going to be bearish, so you can place an order to buy EUR/USD and at the same time place a stop loss limit in case your view is wrong, ForexYard will still quote 3 pips spread. As for other platforms, they may quote you 7 - 10 pips spread.

ForexYard has also promised to quote prices at all times, irregularless of market conditions, so you will be able to trade even during important news events. Some other platforms may just widen their spreads or freeze their price in a volatile market. Most of the big run comes during important news events, it would be frustrating if your platform had freezed the price at that time.

COMMISSION RATE
Since most trading platforms looks the same, functions are the same, one of the way for them to differentiate itself is to lower commission rate. Guess what? ForexYard is not charging commission for all its products.

ForexYard only makes money from the spreads. Here are the spreads for their commodity products:

1. Gold spread is $1, spread for spot gold range from $0.60 to $1.00, so $1 spread without commission is pretty reasonable.
2. Silver spread is $0.06, spread for spot silver range from $0.04 to $0.06, so $0.06 spread without commission is reasonable.
3. Oil spread is $0.06, spread for oil futures range from $0.04 to $0.07, so $0.06 spread without commission is reasonable, and not forgetting that their oil contract does not have an expiration date.

MINIMUM AMOUNT FOR ACCOUNT OPENING
Most companies required their customers to deposit US$30,000 in order to open a trading account. Customers may not have problem coming out with USD30,000, but that does not mean that we are willing to start trading with a capital of US$30,000, US$30,000 is a huge sum of money to most people.

The customers may just want to start out with a smaller capital, trade mini contract as a practice for a start, then increase their capital when we are more comfortable and more skillful in their trading. But not a lot of companies realised that, they just want big customers, big accounts. In my view, trading is just like any other skills, practice makes perfect.

For ForexYard, minimum amount required to open a standard account is only US$1000, and minimum amount required to open a mini account is only US$100. If you are opening the trading account for the purpose of trading super mini oil, then you have to choose Standard account, Mini account can only be used for trading mini forex.

If you are interested to open an account with ForexYard, click here.

If you are only interesting to test your trading skills, open the demo account, its free anyway!

Oil trade (Closed)

2008-07-25T21:28:00.003+08:00

On 13 July, I had bought 1 lot of supermini oil at 127.51, stop level at 123.51, target level at 138.00.

Stop triggered, loss is US$400.70.

Oil Rises From Seven-Week Low as Traders View Drop as Excessive

2008-07-24T21:17:00.000+08:00

Crude oil rose from a seven-week low as traders viewed this week's 3 percent decline as an opportunity to buy futures contracts.

Israel's top military commander said he told Pentagon officials that force may be needed to stop nuclear research by Iran, the Middle East's second-largest producer. Oil fell earlier as a stronger dollar limited the appeal of commodities as a currency hedge and after data indicated that prices are cutting demand in the U.S. and Japan.

``This market has become very oversold after prices dropped $5 or so this week, so what we're seeing this morning is a modest and quite probably temporary recovery,'' said Christopher Bellew, senior broker at Bache Commodities Ltd. in London.

Crude oil for September delivery advanced as much as $1, or 0.8 percent, to $125.44 a barrel, on the New York Mercantile Exchange, trading for $125.13 at 1:40 p.m. London time.

Yesterday, oil dropped $3.98, or 3.1 percent, to settle at $124.44 a barrel, the lowest close since June 4.

Iran, which produced about 3.85 million barrels a day last month, has warned it may blockade the Straits of Hormuz, the export channel for a quarter of the world's crude, if it's attacked.

``We all realize, both the Americans and us, that all options must be prepared,'' Israeli Lieutenant-General Gabi Ashkenazi said in an interview from Washington on Israel Radio. ``There is no doubt that diplomacy must be given priority.''

Oil inventory fell

2008-07-24T00:19:00.002+08:00

The Energy Department's Energy Information Administration reported that crude supplies fell by 1.6 million barrels in the week ending July 18, slightly less than analysts surveyed by energy research firm Platts predicted.

Bought 1 lot of supermini oil at 127.51
Stop level at 123.51
Target level at 138.00

3 lot of oil stopped out

2008-07-23T10:52:00.004+08:00

I had bought 3 lot of supermini oil at average price of 132.33, stop level at 127.50.

Stop was triggered, loss is US$1453.50.

Gary Bielfeldt
“The most important thing is to have a method for staying with your winners and getting rid of your losers.”
“Traits of a successful trader; discipline, …patience ,…courage ,
...willingness to lose,…a strong desire to win.”

Iran opposes OPEC oil output hike

2008-07-22T15:45:00.000+08:00

Iran, the number two oil producer in OPEC, reaffirmed on Tuesday that it was against any hike in the cartel's output quota despite continued high crude prices.

"The market is in a good situation," Oil Minister Gholam Hossein Nozari told reporters in Tehran on the sidelines of a petrochemical conference.

"In the next OPEC meeting we are heading towards winter. I think that preserving the current situation is the most appropriate one," he added.

The Organisation of Petroleum Exporting Countries is scheduled to hold its next regular meeting on September 9 in Vienna.

Bought another lot of supermini oil at 131.57

2008-07-22T11:33:00.003+08:00

All the indicators are pointing up for oil, I dont want to miss this opportunity, so I bought another lot of oil.

If your risk appetite is not as big as mine, you better dont follow.

Bought another lot of supermini oil at 131.57
Stop level at 127.50
Target level at 140.00

Oil Rises From Six-Week Low

2008-07-21T16:48:00.005+08:00

Crude oil rose from a six-week low in New York as a tropical storm headed toward the Gulf of Mexico, home to more than a quarter of U.S. oil production.

U.S. forecasters said there is a 29 percent chance Tropical Storm Dolly may strengthen to a hurricane after it enters the Gulf of Mexico. The weather system's projected path will take it across Yucatan peninsula today, close to Mexico's largest oil field, the U.S. National Hurricane center said.

The dispute with Iran has become a perpetual sticking point in the background of the crude market.

If you have not bought oil, I think current level of $131 is a good level to buy. Oil price had plunged $17 last week, I think oil price is oversold. Falling US dollar will push the oil price up again.

Both Stochastics and Williams are showing buy signal for oil.

Bought another supermini oil

2008-07-18T01:35:00.005+08:00

Oil price fell to 138.38 due to worry of US economic and falling natural gas price according to the media. In my view the real reason is strengthening of USD, which I think its just temporary

I decided to buy another lot of supermini oil to average down my oil position.

In total I had bought 2 lot supermini oil at 132.72 (average price)
Stop loss level at 127.50
Target level at 142.50
Value of $1 is US$100

Time to buy supermini oil

2008-07-17T16:24:00.006+08:00

My indicator has shown buy signal for oil.
On the hourly chart, oil is trading in a range of $132 - $146.
Currently oil price is trading at $134.29, so it is trading near to the bottom of the range now.

Any geopolitical events or supply disruption can spike oil price up towards $140 again.

Bought 1 lot of supermini oil at 134.29
Stop level at 129.29
Target level at 142.50
Value of $1 is US$100

To trade supermini oil contract, open account with ForexYard, no commission charged. Click here.

Bought 1 lot of supermini oil at 138.56 (Closed)

2008-07-17T00:44:00.002+08:00

Yesterday I had bought 1 lot of supermini oil at 138.56, stop level at 134.50, target level at 144.10.

Oil price fell below 134.50 due to rising US oil inventory, so my stop was triggered. Loss was US$406.35.

Oil More Likely to Rise to $200 Than Drop to $50, Simmons Says

2008-07-16T20:10:00.001+08:00

Crude oil is more likely to rise to $200 a barrel than drop to $50 in the next six months because supply isn't meeting demand, said Matt Simmons, a former energy adviser to President George W. Bush.

``We have unbelievable tight supply,'' Simmons, chief executive officer of Simmons & Co., a Houston-based consulting company, said today in a Bloomberg Television interview. ``We have a lot of gasoline stations closing because they cannot afford to be in business.''

Crude oil for August delivery fell $1.54, or 1.1 percent, to $137.20 in electronic trading on the New York Mercantile Exchange at 12:57 p.m. London time.

Futures reached a record $147.27 a barrel on July 11 and have risen 87 percent in the past year.

The Bible Guy

2008-07-16T14:33:00.001+08:00

Having then gifts differing according to the grace that is given to us, let us use them. —Romans 12:6

When the youth group in Rich's church needed Bibles for study, he went on a search for more than 70 copies. He got what they needed, but he never stopped collecting and distributing Bibles.

People and businesses donate money; others give him new and used Bibles to share. The motto on the side of the van he uses for this ministry explains his simple desire: “Need a Bible? Ask me for one.” Rich is an ordinary guy, a heating and plumbing technician, who carries on this ministry in his spare time. His nickname around his church is “the Bible guy.”

Do you ever wish you could have a special ministry like Rich’s? The Lord has given each of us at least one spiritual gift to use for His kingdom purposes. The apostle Paul lists several in 1 Corinthians 12 and Romans 12, and some are mentioned in 1 Peter 4:9-11.

If you don't know what gifts you have, volunteer for a ministry in your church that interests you, or meet a need you learn about. Then ask yourself if you saw God work through you and if you had joy as you served. Ask fellow believers if they think you’re gifted in that area. And ask the Lord to help you determine where you fit in His plans.

The Lord wants to use you too. — Anne Cetas

Help us, Lord, to work together
With the gifts that You bestow;
Give us unity of purpose
As we serve You here below. —Sper

Christians who bury their gifts make a grave mistake.

Article from Our Daily Bread

Oil prices plunge more than $10 a barrel

2008-07-16T00:18:00.005+08:00

Oil prices tumbled Tuesday as U.S. stocks sold off amid worries about the nation's economic health. Prices dropped more than $10 a barrel from their highest point of the day. At midday, light, sweet crude fell $6.27 to $138.91 in an extremely volatile session.

I think this is a good opportunity to buy oil after the huge drop within a very short period of time. In my view the drop is not due to fundamental, it is market overreacting to Ben Bernanke's speech.

Bought 1 lot of supermini oil at 138.56
Stop level at 134.50
Target level at 144.10
Value of 1 point is US$100

If you would like to open a trading platform that allows you to trade supermini oil contract, click here.

Jubak's Journal: Oil price reality check

2008-07-12T15:37:00.000+08:00

Jubak’s Journal: Oil price reality check

How do I make money in this kind of market?

2008-07-12T10:18:00.003+08:00

In this equities down market, there are many experts and analysts calling for buy on the equities claiming that valuation is cheap. But if you had followed their buy recommendations, you will be catching a falling knife.

One way of determine valuation is Price Earning Ratio, which is Share price (P) / Earning per share (E). Share price is down drastically, so this ratio looks cheap. But question is does E falls as well. If P is down and E is also down, then forward Price earning ratio may not look as cheap as people think.

I do not know the whole picture of the subprime issue and I do not know how great the damage it will cause to the worldwide economy. During this period of time I just concentrate on my currencies and commodites trading. The most important fact is that I am making some money.

In the early part of 2008, I had opened account at ForexYard platform to trade currencies, oil, gold and silver. I had deposited US$5,000 and today my account is worth US$10,843.30. So my profit is up 116%.

This platform does not charge commission on its products, it makes money from the spreads. Other than gold, the spreads of other products are very reasonable.

I am not a greedy person, as long as my profit for this week is more than my profit for last week I will be happy.

Last week my account as at 5th July was worth US$10,076.72 (see here), this week my account as at 12th July was worth US$10,843.30, so there is some improvement.

See below for my account details:

I had allocated 10% or less of my funds into currencies and commodities trading. Currencies and commodities trends are not directly correlated to the equities market. Currencies and commodities trading involved margin, so this is a high risk high return investment. I post my currencies trading ideas in this website: Binarytrading.blogspot.com.

If you are interested to open a trading platform that allows you to trade currencies and commodities, click here. Choose standard account in account opening. Demo trading is available as well.

During this period, I also trade some options at Mansion platform. Products include major currencies, Shanghai Composite Index, Hang Seng Index and Nikkei Index. The options in the platform are similar to call options, put options and strangle. Customers can place either directional or volatility trades. The best part is minimum trade amount is only US$1. Demo account is available.

Oil Rises After Report Shows Bigger-Than-Expected Supply Drop

2008-07-09T22:42:00.002+08:00

Crude oil futures rose after a U.S. government report showed a bigger-than-forecast decline in inventories.

Supplies fell 5.84 million barrels to 293.9 million barrels in the week ended July 4, the department said today in a weekly report. Inventories were forecast to drop 2.1 million barrels, according to the median of analyst estimates in a Bloomberg News survey.

Crude oil for August delivery rose 84 cents, or 0.6 percent, to $136.88 a barrel at 10:37 a.m. on the New York Mercantile Exchange.

Oil traded at $136.91 a barrel before the release of the report at 10:35 a.m. in Washington.

I do not understand why experts are saying oil is a bubble when oil inventory is still falling in huge quantity.

My websites:
http://Basemetal-Trading.blogspot.com/
http://Investment-News-Update.blogspot.com/
http://AllAboutOil.blogspot.com/
http://BinaryTrading.blogspot.com/