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Oil and Natural Gas

  • #3,061
  • Oct 31, 2017 4:25am Oct 31, 2017 4:25am
Revised wave count with even better downside potential, on the expanding 5th leg of diagonal, minimal risk with stop loss @ 55.00
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Elliott Wave for optimum entry, exit and risk management of trades
  • #3,062
  • Oct 31, 2017 5:20am Oct 31, 2017 5:20am
Quoting skyhok
Revised wave count with even better downside potential, on the expanding 5th leg of diagonal, minimal risk with stop loss @ 55.00 {image}
what is symbol of Oil on MT4
  • #3,063
  • Oct 31, 2017 6:39am Oct 31, 2017 6:39am
Quoting SadiaQureshi
{quote} what is symbol of Oil on MT4

Symbol?

Search for OIL of WTI or Brent.. watch out; brent is not the same as regular Oil...!
  • #3,064
  • Nov 1, 2017 2:15am Nov 1, 2017 2:15am
I suspect that was it from the bulls for now. I think now it should revisit the broken resistance 52.24 before the final push up to 56.33. If it breaks further up right now, it would go straight for 56.33 imho.
k
  • #3,065
  • Nov 1, 2017 2:50am Nov 1, 2017 2:50am
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  • #3,066
  • Nov 1, 2017 2:50am Nov 1, 2017 2:50am
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Well, it is UP !
  • #3,067
  • Nov 3, 2017 7:18am Nov 3, 2017 7:18am
Current mood.

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  • #3,068
  • Nov 3, 2017 7:21am Nov 3, 2017 7:21am
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  • #3,069
  • Nov 3, 2017 8:15am Nov 3, 2017 8:15am
Quoting SadiaQureshi
{quote} what is symbol of Oil on MT4
XtiUsd
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Trade fearless not careless...
  • #3,070
  • Nov 3, 2017 8:17am Nov 3, 2017 8:17am
Sell below 54.. //
Trade fearless not careless...
  • #3,071
  • Nov 5, 2017 6:26pm Nov 5, 2017 6:26pm
Forget about sell guys. There are 2 scenarios i see, and no one gives you profit if you are going to sell.
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  • #3,072
  • Nov 5, 2017 10:16pm Nov 5, 2017 10:16pm
I will probably play some shorts to catch a correction when we reach the major resistance region of 59-62.5$ but until then I am not going to trade this. It looks to me either way is equally possible currently.
  • #3,073
  • Nov 6, 2017 4:25am Nov 6, 2017 4:25am
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  • #3,074
  • Nov 6, 2017 4:52am Nov 6, 2017 4:52am
Quoting mihrutkanik
Forget about sell guys.
If the price is rejected downwards from a resistance line, I do sell. If it does break through upon second (third, fourth) attempt, it will usually return down to the broken resistance line and get support there, so one can catch the movement upwards to the next line.
With a good entry (I enter at 5m TF) and a good definition of the S/R line, it is possible to have very good R:R (of the order 1:20) which is what I'm after. My tp is currently a few pips below the "short-term market top projection" and will sell again at any indication of reversal.

Cheers,
k

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  • #3,075
  • Nov 6, 2017 9:12am Nov 6, 2017 9:12am
Quoting kprsa
{quote} If the price is rejected downwards from a resistance line, I do sell.
Sold.
(I also like the bear emoji. The bull emoji is crap. or )
k
  • #3,076
  • Nov 6, 2017 9:39am Nov 6, 2017 9:39am
Quoting skyhok
Revised wave count with even better downside potential, on the expanding 5th leg of diagonal, minimal risk with stop loss @ 55.00 {image}
Prior to Saudi IPO oil will rise. Trump pretty much wants Saudis to list in US. We will lift prices if you list here. Higher prices will take care of your money issues.

https://mobile.nytimes.com/2017/11/0...di-aramco.html
  • #3,077
  • Nov 6, 2017 11:13am Nov 6, 2017 11:13am
Quoting kprsa
{quote} Sold. (I also like the bear emoji. The bull emoji is crap. or ) k
This is the correct bull emoji ==>
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #3,078
  • Edited 12:10pm Nov 6, 2017 11:27am | Edited 12:10pm
Quoting Exodus
{quote} This is the correct bull emoji ==>
Nah, was the bear one, got stopped out with my sell. Will wait for another opportunity closer to the s/r line.
k

edit: since it passed through my "short-term top projection" without any resistance, this particular line is out the window. Next resistance above current price I find is 57.562 in the Oanda notation (WTICOUSD on tradingview).
  • #3,079
  • Nov 6, 2017 12:16pm Nov 6, 2017 12:16pm
Quoting kprsa
{quote} Nah, was the bear one, got stopped out with my sell. Will wait for another opportunity closer to the s/r line. k
Why not trade with the trend instead of against it? I had a buy trade at Brentoil; 62.46 and closed at 63.74, it reached 64 but then started to retrace and i decided not to push my luck and call it a day, got to enjoy the nice weather here in Holland for a change!

I expect Brent to reach at least 68.00 till 69.70 prior for a big retracement and maybe even a trend reversal.

Let's see what happens, if it is able to break the 69.60 high of May 2015... For me that is the target!
I will try to buy back in a retracement tommorow,

Happy to see oil prices reaching higher! If this level can be maintained we might see some recovery in the Offshore oil sector at last!!
  • #3,080
  • Nov 6, 2017 12:28pm Nov 6, 2017 12:28pm
Quoting thejerre
{quote} Why not trade with the trend instead of against it?
As soon as any broken resistance line turns into support, I do buy.
I have just closed my previous buy order too early today, I calculated that there should be a resistance lower.
Cheers,
k
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