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Oil and Natural Gas

  • #2,981
  • Sep 13, 2017 8:36am Sep 13, 2017 8:36am
Quoting skyhok
NGas breaking out of upper channel line on a wave c, most likely 5 waves towards the 3.4000s {image}
The corrective advance of the 1st wave 1 red confirms a 5 waves ending diagonal wave c is developing.
Attached Image (click to enlarge)
Click to Enlarge Name: NGASH4 13Sep17.png Size: 73 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,982
  • Sep 14, 2017 12:07pm Sep 14, 2017 12:07pm
I entered short today, will be targeting probably 48$ and stop loss at about 51, hm we will see how it goes, it has a chance to break above 50$ for a long time so its a risky trade especially with North Korea situation
  • #2,983
  • Sep 18, 2017 9:14am Sep 18, 2017 9:14am
Hello all. Well, after 12 calendar days from entry, my Brent Crude longs are still alive and a bit higher than last time I posted on them. Stops unchanged. Let's see if they survive the FOMC week! Currently, my targets remain in the 64.50 to 66.00 area. Basically my view is that since mid June this year Crude is on a second leg up similar to the one from Jan 2016 to June 2016
Attached Image (click to enlarge)
Click to Enlarge Name: Crude long daily 18Sep17.jpg Size: 183 KB
  • #2,984
  • Edited 11:39am Sep 18, 2017 9:48am | Edited 11:39am
Dont have bigger view for brent, but short looks very possible for 53 min w/ stp 56.01
edt: out at be
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 37 KB
Time is your friend; impulse is your enemy.
  • #2,985
  • Sep 19, 2017 3:51am Sep 19, 2017 3:51am
Morning all. Crude is still climbing slowly. Just raised stops on my initial longs so that I am now overall in profit even if stopped out, and increased my position by 20% by buying more. Stops now at the red line. Hourly chart posted.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude long hrly 19Sep17.jpg Size: 135 KB
  • #2,986
  • Sep 20, 2017 4:40am Sep 20, 2017 4:40am
Oil going up on tiny volume. Think it's going to crash rapidly.
k
  • #2,987
  • Sep 20, 2017 9:05am Sep 20, 2017 9:05am
Quoting ktoTam
Dont have bigger view for brent, but short looks very possible for 53 min w/ stp 56.01 edt: out at be {image}
Shorted again @55.93 w/ stp and targets same.
Time is your friend; impulse is your enemy.
  • #2,988
  • Edited 10:04am Sep 20, 2017 9:51am | Edited 10:04am
Quoting ktoTam
{quote} Shorted again @55.93 w/ stp and targets same.
Closing few to cover stops.
edt: s/o
Time is your friend; impulse is your enemy.
  • #2,989
  • Edited 11:49am Sep 20, 2017 10:11am | Edited 11:49am
Quoting kprsa
Oil going up on tiny volume. Think it's going to crash rapidly. k
Trying some shorts, (stops above the max of a few days ago), there are no buyers, looks like it needs to go down.
k
edit: s/o
  • #2,990
  • Sep 20, 2017 10:28am Sep 20, 2017 10:28am
Quoting kprsa
{quote} Trying some shorts, (stops above the max of a few days ago), there are no buyers, looks like it needs to go down. k
Might get some, i would like to short more as well, may try once more near 56.59 w/ stp above+spread. If its taken i see 59.16 in st.
Time is your friend; impulse is your enemy.
  • #2,991
  • Sep 20, 2017 11:55am Sep 20, 2017 11:55am
USOIL almost ready for some downward thrust.
Attached Image (click to enlarge)
Click to Enlarge Name: USOIL 20Sep17.png Size: 92 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #2,992
  • Sep 25, 2017 2:14pm Sep 25, 2017 2:14pm
Quoting ItsAtrap
Hello all. Well, after 12 calendar days from entry, my Brent Crude longs are still alive and a bit higher than last time I posted on them. Stops unchanged. Let's see if they survive the FOMC week! Currently, my targets remain in the 64.50 to 66.00 area. Basically my view is that since mid June this year Crude is on a second leg up similar to the one from Jan 2016 to June 2016 {image}

Hello everyone.

I took some partial profits on my Brent crude longs from 6 Sept for approx 650 pips profit on each position, and on all of my longs at approx. 55.50 (post #2,985 in this thread) for another 300 pips per position.

I had posted here when I took the first long entries at around 52. I exited around 58.5 average. Remaining positions mostly are with profits locked

Daily chart posted

My other positions:

UK Gilts (10 y) SHORT - no change

EUR/USD long - these are virtually unchanged on average and have been for days now, with whipsaws up and down to entry level again. I bought some more earlier at same price as earlier longs, around early 1.18s

small USD/CAD SHORT - I haven't posted on these. Small speculative position taken during last week's FOMC spike. I will post on U/CAD thread if i get stopped out or something good an exciting happens
Attached Image (click to enlarge)
Click to Enlarge Name: Crude long daily 25Sep17.jpg Size: 186 KB
  • #2,993
  • Sep 26, 2017 3:51am Sep 26, 2017 3:51am
Me again. I just exited my remaining Brent crude longs from 52.20 or so, for about 600 pippos profit per position.

I am still bullish on Crude and will look for opportunities to buy again.

Meanwhile, I keep buying EUR/USD and have started also buying AUD/USD and shorting U/CAD. I also remain shot UK 10 gilts and long USD/JPY. Hopefully we will see a sort of bullish correction to the USD in the coming days, which will allow me to add to those positions. I remain bearish dollar and bullish stocks and oil as we have not yet seen the dramatic spike down in the dollar and spike up in stocks that I expect to mark the stock bears/USD bulls capitulation

Please be aware that I don't do the kind of trading that most people seem to pursue here, i.e. go for 30 pips profit with 10pips SL. I scale in and out, trade for the longer term, and therefore my targets and SLs (at least for my main positions) are often in the hundreds, not tens of pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude long daily 26Sep17.jpg Size: 177 KB
  • #2,994
  • Sep 28, 2017 5:08am Sep 28, 2017 5:08am
Quoting kprsa
{quote} Trying some shorts, (stops above the max of a few days ago), there are no buyers, looks like it needs to go down. k edit: s/o
This is a potential top imho. Sold some.
k
  • #2,995
  • Sep 28, 2017 6:04am Sep 28, 2017 6:04am
Quoting kprsa
{quote} This is a potential top imho. Sold some. k
Not a good time dear.. its going 53x.. imho.
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -149
  • #2,996
  • Sep 28, 2017 6:38am Sep 28, 2017 6:38am
Quoting mohsinali
{quote} Not a good time dear.. its going 53x.. imho.
My calculation of the top price was about 30 cents below the current maximum and it's already broken through it, so you may be right it continues.
We'll see.
Cheers,
k
  • #2,997
  • Sep 28, 2017 8:57am Sep 28, 2017 8:57am
I will trust you and hold a litte bit more to enter my short positions starting off the 53 level
  • #2,998
  • Sep 28, 2017 9:19am Sep 28, 2017 9:19am
Quoting kprsa
{quote} This is a potential top imho. Sold some. k
If the top continues to hold, I expect skyhok's scenario above and price proceeding down to the point he labelled 4c (blue).
Cheers,
k
  • #2,999
  • Oct 1, 2017 10:30am Oct 1, 2017 10:30am
USOIL 60 min short setup and bigger picture..
https://www.tradingview.com/chart/US...eason-to-sell/
Wave-Trader- Charts as DocHolliday on Tradingview also
  • #3,000
  • Oct 3, 2017 6:52am Oct 3, 2017 6:52am
Quoting ItsAtrap
Me again. I just exited my remaining Brent crude longs from 52.20 or so, for about 600 pippos profit per position. I am still bullish on Crude and will look for opportunities to buy again. Meanwhile, I keep buying EUR/USD and have started also buying AUD/USD and shorting U/CAD. I also remain shot UK 10 gilts and long USD/JPY. Hopefully we will see a sort of bullish correction to the USD in the coming days, which will allow me to add to those positions. I remain bearish dollar and bullish stocks and oil as we have not yet seen the dramatic spike...

well, I am back long Brent Crude. LOL, that didn't take long, did it. So I have started buying it again yesterday just under 57 and bought heavier at 55.96 at the end of the day. Looking to , well, BUY more! Which means I expect further USD weakening and further stock market rise.
Attached Image (click to enlarge)
Click to Enlarge Name: Brent Crude long daily 3Oct17.jpg Size: 379 KB
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