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  • #721
  • Apr 26, 2019 9:32am Apr 26, 2019 9:32am
I'd like to bring attention to the weekly pin being created.

Cheers and happy trading
  • #722
  • Apr 26, 2019 9:44am Apr 26, 2019 9:44am
I don't think we are far from a bit of support, market might hang on to Marco's 63.14
All charts/ideas based on UK time zone
  • #723
  • Apr 26, 2019 10:09am Apr 26, 2019 10:09am
Quoting MackS10
I'd like to bring attention to the weekly pin being created. Cheers and happy trading
Yeah and Daily MACD bearish divergence
We can't control the sea, but we can learn how to surf the waves.
  • #724
  • Apr 26, 2019 10:18am Apr 26, 2019 10:18am
Quoting aariapoor
{quote} Yeah and Daily MACD bearish divergence
Last time we saw a weekly pin like this it fell to 42

Best to start building that millipede

Cheers~
  • #725
  • Apr 26, 2019 10:21am Apr 26, 2019 10:21am
Closed short @62.82, more than happy for Friday, D
Attached Image (click to enlarge)
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I don't need to be good at the game, only good enough to beat my opponent,
  • #726
  • Apr 26, 2019 1:29pm Apr 26, 2019 1:29pm
Guys, i came just to tell you i am gonna stop trading Oil same as Gold/Silver and will be focusing only on forex. I just realised that these markets made the most losses to my account in my over one year trading history. Made me think why is that i almost always lost on these markets and i realised that these markets are most vulnerable to be influenced by just few, same as for example Crypto currencies are. On the other hand, i had most profits on EURUSD, so i will be primarily focusing on main pairs in forex.

Wishing you green pips
-._.-
  • #727
  • Apr 26, 2019 2:02pm Apr 26, 2019 2:02pm
Quoting darksize
Guys, i came just to tell you i am gonna stop trading Oil same as Gold/Silver and will be focusing only on forex. I just realised that these markets made the most losses to my account in my over one year trading history. Made me think why is that i almost always lost on these markets and i realised that these markets are most vulnerable to be influenced by just few, same as for example Crypto currencies are. On the other hand, i had most profits on EURUSD, so i will be primarily focusing on main pairs in forex. Wishing you green pips ...
Good luck and get some green!
persistence and determination alone are omnipotent
  • #728
  • Apr 26, 2019 3:16pm Apr 26, 2019 3:16pm
Quoting darksize
Guys, i came just to tell you i am gonna stop trading Oil same as Gold/Silver and will be focusing only on forex. I just realised that these markets made the most losses to my account in my over one year trading history. Made me think why is that i almost always lost on these markets and i realised that these markets are most vulnerable to be influenced by just few, same as for example Crypto currencies are. On the other hand, i had most profits on EURUSD, so i will be primarily focusing on main pairs in forex. Wishing you green pips ...
Exactly, you said what I was thinking for a while bro,
I have never lost more than 2% of my account on currencies, but I blew up 3 accounts only on Gold and 1 account on Oil
Have to mention that I risk much much less on these 2 instruments than a pair of currencies.
I only need to close all my trades with break-even (hopefully) if I can and never look at them again.

Cheers
We can't control the sea, but we can learn how to surf the waves.
  • #729
  • Apr 26, 2019 4:06pm Apr 26, 2019 4:06pm
End-of-week update: WTI May contract on H4 chart.

Immediately ahead of the arrow there are 3 local peaks in a declining sequence that suggested a coming down movement. Then at ~65.75 (arrow) the median crossed both the up trend line (blue) and EMA20 almost simultaneously, which I consider to be a sign of a strong move to follow.

The bar opening just below the trend line was an excellent entry point for a short, with crossing of EMA20 confirming. The subsequent decline reached a low of 62.28, ~350 pips below the twin crossing.

I hope some astute traders took this ride! I was off doing other things today and missed it.

I mentioned before that the median line can follow a relatively smooth path in spite of volatility in the bars, as is evident in this case. The median typically gives a clear indication of what is happening even in the presence of volatility.

Next week could be a choppy, negative environment. The strength of the Friday decline may mean a minor or no correction on Monday, with much depending on geopolitical news over the weekend.

Wishing all a pleasant weekend.
Attached Image (click to enlarge)
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  • #730
  • Apr 26, 2019 4:10pm Apr 26, 2019 4:10pm
Quoting valter
I am short from 65.03 with TP @63.00. The short signal was @65.31 but I wasn't at the desk at that moment hence I am in with a small size. With a 31 ticks late entry a SL now is not easy to set for me. I will manage a retracement above 65.20 scaling out some. @65.45 I will decide if getting out or scaling in full size. It is quite uncommon in WTI to have a breakout at this time of the day, am I right? {image}
I hope you let it ride down to your TP.
  • #731
  • Apr 26, 2019 4:17pm Apr 26, 2019 4:17pm
Quoting detector
Closed short @62.82, more than happy for Friday, D {image}
Excellent!
  • #732
  • Apr 26, 2019 4:34pm Apr 26, 2019 4:34pm
Quoting timingchain
{quote} I hope you let it ride down to your TP.
Yes, I closed some @63 and some @62.70, thanks
have a nice week end
v
  • #733
  • Edited 5:16pm Apr 26, 2019 4:37pm | Edited 5:16pm
Quoting aariapoor
{quote} Exactly, you said what I was thinking for a while bro, I have never lost more than 2% of my account on currencies, but I blew up 3 accounts only on Gold and 1 account on Oil Have to mention that I risk much much less on these 2 instruments than a pair of currencies. I only need to close all my trades with break-even (hopefully) if I can and never look at them again. Cheers
Glad to hear that from someone else too. Last month i was able to make 100% of my account value from around 12 trades on currency market that all went well. I dont use that much high leverage, max 30:1 total. And this month i was focusing only on Oil aka CAD and lost the 100% i ve made the last month, so its 50% of my account value. I have to admit it was not the only problem that i was trading oil. Other problem was that i was putting everything to it as i was too confident of myself from the previous month. Not gonna repeat these mistakes again neither for one of these. At least i hope not to, mans memory is too bad in long term, i can just hope if i repeat, i will better remember.
-._.-
  • #734
  • Apr 26, 2019 6:20pm Apr 26, 2019 6:20pm
Quoting riclater211
Hey All, Long on Brent Crude Via Oanda (BCOUSD) since late March with an entry @ 68.00. Every time I think it is slowing down, it continues on. I have no real target in mind other than 85.00 which October 2018s high. If USA keeps sanctions on Iran, I think we can see 77.00 - 80.00 before summer ends. Demand will be higher as supply shrinks. At this point there is a CLOSE TRADE set at 72.00 in case it all goes to hell. Gas prices in the USA have crept up for the last 2 months straight. California, the United States largest economy and 5th largest...
And go to hell it did... lol... Price collapsed on me today and pushed through my safety stop at 72.00 netting me 4000 pips/ticks. Now I have to wait and see what happens next.

Better than nothing..

Have a great weekend

- Ric
Attached Image (click to enlarge)
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Be humble or get humbled
  • #735
  • Apr 26, 2019 10:15pm Apr 26, 2019 10:15pm
I told you this crippled and artificial price lifting for the last weeks was unnatural behavior. Now it started to come to its senses.
  • #736
  • Apr 26, 2019 11:27pm Apr 26, 2019 11:27pm
Hi, two days ago is my first trade at crude oil and it went well

Is commodities is centralized market or decentralized? Because I love use volume in my analysis

Have a great weekend guys
  • #737
  • Apr 27, 2019 2:35am Apr 27, 2019 2:35am
Quoting timingchain
{quote} Excellent!
Thanks TC, we did have our catalyst make an appearance, Mr T telling opec to drop prices lol, I think we may have a bounce back up to 64-64 before any major direction cometh, or it could continue, suppose we were going to find out Monday, have a great weekend all, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #738
  • Apr 27, 2019 2:47am Apr 27, 2019 2:47am
Update of post #748:

The date of the next important LOW (LTD-9) based on Gann: 16 th May

Sixer
Attached Image (click to enlarge)
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  • #739
  • Apr 27, 2019 2:48am Apr 27, 2019 2:48am
Quoting darksize
Guys, i came just to tell you i am gonna stop trading Oil same as Gold/Silver and will be focusing only on forex. I just realised that these markets made the most losses to my account in my over one year trading history. Made me think why is that i almost always lost on these markets and i realised that these markets are most vulnerable to be influenced by just few, same as for example Crypto currencies are. On the other hand, i had most profits on EURUSD, so i will be primarily focusing on main pairs in forex. Wishing you green pips ...
Dark size, If you create a journal maybe we could subscribe and keep the input going, it's been good interaction of late with you and the other chaps, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #740
  • Apr 27, 2019 3:51am Apr 27, 2019 3:51am
Quoting detector
{quote} Dark size, If you create a journal maybe we could subscribe and keep the input going, it's been good interaction of late with you and the other chaps, D
Hello Detector, thanks, was nice to follow you too, but i dont think i would feel comfortable to share all my trades. But if you are curious i am now selling USD against most of the main pairs, expect it to go this direction for two weeks or so, so i am gonna hold them, except for UC, this one may be a bit choppy and going against the USD sells slowly - same as on October, may be a good opportunity to sell CAD against another main Currency as it could create big moves on these.
-._.-
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