WTI Crude Oil Trading | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #621
  • Apr 12, 2019 9:23am Apr 12, 2019 9:23am
Quoting Ll1979
{quote} BTW nice entry on H1 to bad the other didn 't got hit.
Thanks
Another one I placed for protection, it's a buy stop in case of crazy unpredicted move
Closed when it almost touched this line (45 pips)
Attached Image
We can't control the sea, but we can learn how to surf the waves.
  • #622
  • Apr 12, 2019 9:41am Apr 12, 2019 9:41am
Quoting Marco-Kanto
And here we are again at MR2. Ordered 64.40, filled at 64.38. I feel like I've said this before... {image}
Entry could've been better but still holding this one. Want 63.75 (DPP) or better. SL set at BE
Focus.
  • #623
  • Apr 12, 2019 11:05am Apr 12, 2019 11:05am
I hope WTI is not trying to repeat the last week's pattern and from next week we can start selling it.

But check out this and be aware of this wild instrument.

As you can see:
1- A 3 wave pattern during Wednesday, and Thursday
2- An impulse on Friday, and a sharp pullback
3- Continuation of up move from the next Monday
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB


I am not interested in buying, and I hope this won't happen the next week.

I wish you all a really nice weekend guys!
We can't control the sea, but we can learn how to surf the waves.
  • #624
  • Apr 12, 2019 12:04pm Apr 12, 2019 12:04pm
United states baker hughes us oil rig count: 833 vs 831
persistence and determination alone are omnipotent
  • #625
  • Apr 12, 2019 2:46pm Apr 12, 2019 2:46pm
Quoting Marco-Kanto
{quote} Entry could've been better but still holding this one. Want 63.75 (DPP) or better. SL set at BE
Out 63.75

Have a good weekend everyone.
Focus.
  • #626
  • Apr 12, 2019 2:51pm Apr 12, 2019 2:51pm
Quoting Ll1979
Btw did you guys also notice a lower spread the last couples of day on the cfds. Normally my spread is 3 last couples of days 2,5.
Guess this is the real reason.

Dear Client,

On Friday April 12, after market, we will be switching the CFD Futures to CFD Cash. This does not affect the Forex pairs. There will be a price difference between the CFD Futures contract and the CFD Cash contract which will affect your P/L on open CFD positions. We will provide a credit/debit adjustment to offset this difference, which is similar to the adjustments we currently provide during CFD contract rollover.

Please note that, the CFD Cash contract is a continues contract and there is no longer a need to roll the contract P/L as adjustments during contract expiration dates. The CFD Futures contract has the daily swap in the price, however, the CFD Cash contract does not and it will have a daily swap credit/debit on positions left open during roll.

The transition will be automatic, the CFD symbols will remain the same and there are no changes required from your end.

Thank You,

ATC BROKERS
persistence and determination alone are omnipotent
  • #627
  • Apr 13, 2019 12:30pm Apr 13, 2019 12:30pm
End of week update: Most of the week was spent in a narrow range with choppy action. No trends for swing trading.
Attached Image (click to enlarge)
Click to Enlarge Name: wti_h4_20190412.jpg Size: 99 KB
  • #628
  • Apr 13, 2019 1:09pm Apr 13, 2019 1:09pm
Quoting timingchain
End of week update: Most of the week was spent in a narrow range with choppy action. No trends for swing trading. {image}
Yeah spot on there, never expected the last minute dip though, the drop never showed mass selling just organic movement, still think this is waiting for a catalyst and that we will only know after the event, Mr T was the last mover, maybe hanibal or murdoch may tweet, who knows, good weekend all.
I don't need to be good at the game, only good enough to beat my opponent,
  • #629
  • Apr 14, 2019 10:03am Apr 14, 2019 10:03am
Some things to watch for next week:

  1. H4 trendline
  2. Since WTI is highly correlated with SPX a breakout (near all time high atm) could trigger bulls in WTI
  3. fib 61.8 (based on Daily chart)

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 9 KB
persistence and determination alone are omnipotent
  • #630
  • Apr 14, 2019 5:11pm Apr 14, 2019 5:11pm
WTI and equities are looking weak at Sunday evening opening. WTI is close to dropping below last weeks narrow range.
  • #631
  • Apr 14, 2019 5:13pm Apr 14, 2019 5:13pm
Quoting Ll1979
Some things to watch for next week: H4 trendline Since WTI is highly correlated with SPX a breakout (near all time high atm) could trigger bulls in WTI fib 61.8 (based on Daily chart) {image}
Taken a small punt based on technical outlook, tight stop, D
Attached Image (click to enlarge)
Click to Enlarge Name: Oil17.png Size: 35 KB
Attached Image
I don't need to be good at the game, only good enough to beat my opponent,
  • #632
  • Apr 14, 2019 5:52pm Apr 14, 2019 5:52pm
Timing chain, whats your out look on the charts, Li1979 chart has broken the 4hr trend line but it's not confirmed, anyone put the reuters news up?, D
Attached Image (click to enlarge)
Click to Enlarge Name: News.png Size: 44 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #633
  • Apr 14, 2019 6:26pm Apr 14, 2019 6:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: News1.png Size: 45 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #634
  • Apr 14, 2019 8:27pm Apr 14, 2019 8:27pm
Quoting detector
Timing chain, whats your out look on the charts, Li1979 chart has broken the 4hr trend line but it's not confirmed, anyone put the reuters news up?, D {image}
I still lean toward more downside looking at H4 and M15. Current price is below last week's median range - the median could confirm this breakdown on next bar. If confirmed, price could easily slip to ~63, farther on longer time scale. Equity indices have gone flat, so they are not leading for now.
Attached Image (click to enlarge)
Click to Enlarge Name: wti_h4_20190415.jpg Size: 101 KB
  • #635
  • Apr 14, 2019 11:49pm Apr 14, 2019 11:49pm
H4 trend-line broken retested but still hoovering around fib 61.8 despite the OPEC news
Attached Image
persistence and determination alone are omnipotent
  • #636
  • Apr 15, 2019 3:39am Apr 15, 2019 3:39am
Happy Monday. I have an alert set for 64.59 - WR1. Other than that I'm on holiday. Have a good week everyone!
Focus.
  • #637
  • Apr 15, 2019 6:41am Apr 15, 2019 6:41am
#WTI / Weekly & H4
Attached Image (click to enlarge)
Click to Enlarge Name: ccvSFQm.png Size: 117 KB
Attached Image (click to enlarge)
Click to Enlarge Name: MPpPbRD.png Size: 75 KB
Attached Image (click to enlarge)
Click to Enlarge Name: UpimsNG.png Size: 74 KB
  • #638
  • Edited 8:48am Apr 15, 2019 7:34am | Edited 8:48am
opened short 63.25, sl 63.45 because of H4 trend & equity indices becoming weak. -- stopped out
  • #639
  • Apr 15, 2019 9:59am Apr 15, 2019 9:59am
Quoting sharingan9
I will short if I get another leg up forming a more noticeable and pronounced double top pattern. {image}
looks to have formed a more pronounced pattern
  • #640
  • Apr 15, 2019 1:37pm Apr 15, 2019 1:37pm
Quoting timingchain
opened short 63.25, sl 63.45 because of H4 trend & equity indices becoming weak. -- stopped out
To bad the sentiment was choppy like hell you'll win the next one.
persistence and determination alone are omnipotent
18 traders viewing now