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WTI Crude Oil Trading

  • #601
  • Apr 11, 2019 10:07am Apr 11, 2019 10:07am
Pleased I chose my entry when I did, it just needs to break 62 and close for me to have any confidence of the downtrend, happy trading and well done profiteers, D
Looks like the arrow didn't get taken out on my previous posts and 60+ pips fall, currently 80 with further to go, would guess around 50 to the next trend line, anyone's from there
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I don't need to be good at the game, only good enough to beat my opponent,
  • #602
  • Apr 11, 2019 11:12am Apr 11, 2019 11:12am
Closed out for 65+, maybe a little premature but the nature is a pull back so may enter if I'm convinced, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #603
  • Apr 11, 2019 12:27pm Apr 11, 2019 12:27pm
Not entirely sure the bull is over, the chart suggests a pull back for the bulls, got this wrong before but given the hype, the reversal, or what could be the start, didn't seem a smart one, there was no whoosh, mass exodus, the typical get out it's caving in mentality, just my thoughts, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #604
  • Apr 11, 2019 12:37pm Apr 11, 2019 12:37pm
Quoting detector
Not entirely sure the bull is over, the chart suggests a pull back for the bulls, got this wrong before but given the hype, the reversal, or what could be the start, didn't seem a smart one, there was no whoosh, mass exodus, the typical get out it's caving in mentality, just my thoughts, D
I agree. Still alot of demand. The real sell off hasn't happened yet. This is a scalpers playground now. Those looking for the big move will need more patience
  • #605
  • Apr 11, 2019 1:03pm Apr 11, 2019 1:03pm
Quoting thenk
when does OPEC meeting finish? Will they explain report or something?
April's OPEC meeting was cancelled about 3 weeks ago:

https://www.dailyforex.com/forex-new...meeting/111269
Focus.
  • #606
  • Apr 11, 2019 1:24pm Apr 11, 2019 1:24pm
Guys/Gals, going to leave you too it, will check in from time to time, hope all goes the right way and wish you all evergreen pips, see y all soon, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #607
  • Apr 11, 2019 2:38pm Apr 11, 2019 2:38pm
PA continued down after crossing the blue line, but very volatile as that was at market opening. However, the median line shows a smooth decline from the first upper band (UB1) through the uptrend line and farther -- that's why I prefer the median over using the always popular closing price. IMO, the truth is in the middle. Let your eyes follow the median line across the chart and you can see how well it illustrates the trends without being much affected by noise.

The run from UB1 to LB1 covered a span of ~130 pips (~90 pips looking just at the median's range). I think it has farther to go.

One of these days, I believe, equities will be hit with some massive selling that should couple with oil. Equity markets cannot continue to ignore the unprecedented levels of debt in US, EU, and many other places.
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  • #608
  • Apr 11, 2019 10:53pm Apr 11, 2019 10:53pm
Quoting timingchain
PA continued down after crossing the blue line, but very volatile as that was at market opening. However, the median line shows a smooth decline from the first upper band (UB1) through the uptrend line and farther -- that's why I prefer the median over using the always popular closing price. IMO, the truth is in the middle. Let your eyes follow the median line across the chart and you can see how well it illustrates the trends without being much affected by noise. The run from UB1 to LB1 covered a span of ~130 pips (~90 pips looking just at the...
I am waiting for that perfect shorting opportunity. IMHO a spx value around 294x (previous top) would be perfect to short both oil and spx since both are highly correlated.
persistence and determination alone are omnipotent
  • #609
  • Apr 12, 2019 1:48am Apr 12, 2019 1:48am
WTI up on news

@LiveSquawk Libyan Oil Chief: Renewed Fighting Could Wipe Out Crude Production
persistence and determination alone are omnipotent
  • #610
  • Apr 12, 2019 2:19am Apr 12, 2019 2:19am
Someone woke up hungry for lubrication.
Focus.
  • #611
  • Apr 12, 2019 2:33am Apr 12, 2019 2:33am
Guys i closed my trades on WTI and CJ in loss, not a big deal, but i did not like the behavior for few days and did not feel good about it. Currently in EC short until i think the Oil starts to go down, likely enter UC long and WTI short, may as well CJ short again.
-._.-
  • #612
  • Apr 12, 2019 2:49am Apr 12, 2019 2:49am
Quoting darksize
{quote} Guys, i closed my trades on WTI and CADJPY in loss, not a big deal, but i did not like it few days already and may take some more time before turn, currently i am EC short until i think the OIL starts to go down.
Carry on ... the next one is in your pocket. The last couple of day weren't fun at all (choppy as hell)
persistence and determination alone are omnipotent
  • #613
  • Apr 12, 2019 3:00am Apr 12, 2019 3:00am
And here we are again at MR2. Ordered 64.40, filled at 64.38. I feel like I've said this before...
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Focus.
  • #614
  • Apr 12, 2019 4:12am Apr 12, 2019 4:12am
Looking for some scalp trades on 1M if WTI approach 64.64
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persistence and determination alone are omnipotent
  • #615
  • Apr 12, 2019 4:27am Apr 12, 2019 4:27am
shorted on 1M
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persistence and determination alone are omnipotent
  • #616
  • Apr 12, 2019 4:40am Apr 12, 2019 4:40am
Hi guys!

I don't think this spike was because of the Libyan news, it started 1 hour before that, after the Chinese Trade Balance report.
But these are just excuses to move the market to finish that unfinished business I warned you about.
It's very likely that they are trying to touch 65 before any down move.

I shorted at 64.50 to see what happens, at least can ride it until 64 and then see what they're trying to do
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We can't control the sea, but we can learn how to surf the waves.
  • #617
  • Apr 12, 2019 6:39am Apr 12, 2019 6:39am
Quoting Ll1979
shorted on 1M {image}
banked although i should have waited for an entry on 64.64 area
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persistence and determination alone are omnipotent
  • #618
  • Apr 12, 2019 6:59am Apr 12, 2019 6:59am
Quoting Ll1979
{quote} banked although i should have waited for an entry on 64.64 area {image}
Good job!
I'm still keeping but don't know if I should close or not
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What do you think?
We can't control the sea, but we can learn how to surf the waves.
  • #619
  • Apr 12, 2019 7:04am Apr 12, 2019 7:04am
Quoting aariapoor
{quote} Good job! I'm still keeping but don't know if I should close or not {image} What do you think?
With this market conditions a 10 pip sl above current price won't hurt (or using trail stop) and see where it goes.

profit=profit
persistence and determination alone are omnipotent
  • #620
  • Apr 12, 2019 7:07am Apr 12, 2019 7:07am
Quoting aariapoor
{quote} Good job! I'm still keeping but don't know if I should close or not {image} What do you think?
BTW nice entry on H1 to bad the other didn 't got hit.
persistence and determination alone are omnipotent
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