February Brent Crude Trading

speculator31. Yep. Actually, you cant trade online until 3.00 pm, although funnily enough, you can phone trade Nymex all day, whereas Brent is totally closed until 10.00 am. Seems a rather strange way of doing things if you ask me, but i'm not really trying to day trade anyway. I find there are much bigger profits to be had if you have the nerve to build up a position and then let it run. Brent spiked at 3115 last friday morning, down to a low of 2850ish today, a total movement of 265 points. I'm not saying anyone is ever clever enough to get the whole lot, but I was in at 3083, and closed at 2871 which I reckon is about as good as it gets. Put it this way, thats about 180 points more than i've had from trading the ftse for the past week!
I have my own method of hedging a position, and playing one off against the other, which is why I was a little annoyed that Fins have altered the margin factor. Blown my strategy a bit off course today.
Having paper traded Brent for 6 months or so, i've noticed, as i'm sure all you other guys have, that it keeps going - always a lot further than you imagine it might, and often over a period of days. Words like trend and friend come to mind......