WTI Crude Oil Trading

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{quote} I see 1.11960, if the price holds above again it looks positive, as does the 1&4hr I tend to use a wide stop when I'm at the screen, mostly have a target that it hits then I close, probs under the gapped bar, please though, use your own judgement, I could not forgive myself if I got it wrong and others lost money, also I tend to reduce down, a small profit is as good as a small loss that lets you live to fight another day, D

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Quoting valter

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{quote} Don't worry, I can only lose money for my fault, thanks for your view By the way, I edited that I [email protected]

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{quote} I've taken a small buy as I think the fall was overdone a little, EU still looks =ve EDIT Sorry this is the oil thread I know.

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Quoting valter

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{quote} oil is quoted in usd and eurusd is the currency pair with the largest volumes, so I don't see the problem I am waiting for the usa cash to open by the way

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I'm of the opinion the gap could be filled and a demise in the price as the pundits are predicting, price is nearing the res level, what's your views?

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{quote} Sorry Valter, a little over my head on that one, sorry to show my lack of intel

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Quoting valter

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{quote} My view is next level 62.25/30 then if below 61.00ish next level could be 56.70ish wti cfd I have a small long @61.576 So I think the gap at the open should be filled It is struggling anyway to open a way to north

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Quoting valter

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{quote} English is not my first language, anyway I can't see a reason for you to be sorry I am not an expert in correlation but if eu up then usd lose value and so more usd are needed to buy a barrel At least this is what I believe although the correlation is not so direct Hope others will step in to correct me

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{quote} Oh no problem at all, makes perfect sense in you explanation, although I tend to not cloud myself, I'm totally technical and the chart leads the way, but fundamentals, as with oil and world events you need to keep one eye on,

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Quoting AbbasRizvi

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US CRUDE SHORT{image}

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{quote} well i'm on the right side, was never comfortable on the long side, but needs must, can only adapt in whatever situation. Edit good call by the way, with the evidence too.

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Quoting AbbasRizvi

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{quote} wish you good luck, cross of macd and 5ema & 10ema(black & red) is waited in m15 but overall crude is short

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Quoting valter

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{quote} My view is next level 62.25/30 then if below 61.00ish next level could be 56.70ish wti cfd I have a small long @61.576 So I think the gap at the open should be filled It is struggling anyway to open a way to north

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Taken the other half of the short in hope !!! EDIT Won't take much to confirm my choice, a small loss maybe, EDIT Closed other half out, still short but not looking like it'g going my way.

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