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WTI Crude Oil Trading

  • #1,101
  • May 9, 2019 12:46pm May 9, 2019 12:46pm
Quoting Ll1979
{quote} From time to time the Dax has some nice opportunities. Nice trades detector! We have to keep up with valter he is trading like a beast.
Think there all quite generic, so If I'm trading any, I tend to use the Dow, in and out, with that said, I have traded the Dax, liquidity and movement has it's downfalls, it can go as quickly to loss as profit, think we need to open a new IT topic called Trading all for the rise and fall.
Valter scaling out strategy is first class.
Bye the way flipped the Dow to a buy now
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,102
  • Edited 1:03pm May 9, 2019 12:50pm | Edited 1:03pm
Quoting detector
Just opened a small short 61.62, bounced back off sloping res line,mental target. Short both WTI & Dow, all speculative.
WTI short now flipped to a Buy as with Dow
Edit
61.68 is my pivot for long or short WTI, also Dow closed +35
EDIT, WTI sell
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,103
  • May 9, 2019 1:02pm May 9, 2019 1:02pm
Quoting valter
{quote} yes, very good to trade wti with HA on M15 today have you got the chance to take some trades today?
I was click happy today the 42 points loss was trading short below 61.53 but a quick reversal screwed me... I knew this level was a big volume area, have a look on your charts
Attached Image
All charts/ideas based on UK time zone
  • #1,104
  • May 9, 2019 1:03pm May 9, 2019 1:03pm
Quoting valter
{quote} thanks Ll but frankly speaking, many times I lose money like a beast I have good periods and bad periods the end sum is positive but only slightly postive
You will get there keep reviewing your trades and work on your money management this is a must! Some good traders have a winning ratio of only 40% but still make big bugs.

I have to kill my 10% drawdown

Trade it like a business!
persistence and determination alone are omnipotent
  • #1,105
  • May 9, 2019 1:06pm May 9, 2019 1:06pm
Quoting sponge
{quote} I was click happy today the 42 points loss was trading short below 61.53 but a quick reversal screwed me... I knew this level was a big volume area, have a look on your charts {image}
Carry on sponge! We all have been beaten by those sudden WTI surges/drops.
persistence and determination alone are omnipotent
  • #1,106
  • May 9, 2019 1:15pm May 9, 2019 1:15pm
Quoting sponge
{quote} I was click happy today the 42 points loss was trading short below 61.53 but a quick reversal screwed me... I knew this level was a big volume area, have a look on your charts {image}
Sponge seems you have the right strategy though, letting your profits run, Quoting @Li "Some good traders have a winning ratio of only 40% but still make big bugs"
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,107
  • May 9, 2019 4:05pm May 9, 2019 4:05pm
Quoting riclater211
{quote} Hey All, Mid week update. Well, it seems price does not want to close inside my trade box. No close, no short. Price is hovering right there at the edge of 70.00. Bulls do not want to give it up and Bears do not have the strength, but the Bulls grip is fading. There is a lot of downside pressure. Short of some fundamental change, I see price breaking soon. - Ric {image}
Hey All.

You guys see what I see. Yet again price does not beat 70.00. Someone wants to keep Brent above the 70 handle. Wait and see. Downside more likely unless the folks holding 70 can get some help from OPEC the oil barons.

- Ric
Attached Image (click to enlarge)
Click to Enlarge Name: Brent 05092019.png Size: 147 KB
Be humble or get humbled
  • #1,108
  • May 9, 2019 5:02pm May 9, 2019 5:02pm
Very narrow range today for WTI.

US equity futures have just had their margins increased! MrT's turmoil.
Attached Image (click to enlarge)
Click to Enlarge Name: wti_h4_20190509.jpg Size: 106 KB
  • #1,109
  • May 9, 2019 7:08pm May 9, 2019 7:08pm
Pleased I closed my short!!! 50+ and looks to be going further.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,110
  • Edited 2:08am May 10, 2019 1:39am | Edited 2:08am
Mixed signals on the smaller frames this morning, out look has changed I think we may see some downside, bearish below 62.13

Edit ...possible support now at 62
All charts/ideas based on UK time zone
  • #1,111
  • May 10, 2019 5:23am May 10, 2019 5:23am
Gap still not filled, no response from China/USA deal, only see it on the way down without news.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,112
  • May 10, 2019 5:30am May 10, 2019 5:30am
For all those traders to keep motivated.

Inserted Video
persistence and determination alone are omnipotent
  • #1,113
  • May 10, 2019 10:06am May 10, 2019 10:06am
Quiet today on the board,
EDIT
Opened buy on the Dow 25486
EDIT
Closed 25533
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,114
  • May 10, 2019 10:17am May 10, 2019 10:17am
only 2 trades today for +17

I have a swing trade long on eurusd, no signal to close so looks like I will be paying more swap

Must stick with the rules
Attached Image
All charts/ideas based on UK time zone
  • #1,115
  • May 10, 2019 10:26am May 10, 2019 10:26am
Quoting sponge
only 2 trades today for +17 I have a swing trade long on eurusd, no signal to close so looks like I will be paying more swap Must stick with the rules {image}
Hope it does well for you Sponge, I've been sitting on the AU for over a week, thought the chinusa news was going to accelerate the target being hit, huh, still in
EDIT
Sorry sponge wasn't taking notice, your sitting on not too bad a position there,
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,116
  • May 10, 2019 10:42am May 10, 2019 10:42am
Quoting detector
{quote} Hope it does well for you Sponge, I've been sitting on the AU for over a week, thought the chinusa news was going to accelerate the target being hit, huh, still in EDIT Sorry sponge wasn't taking notice, your sitting on not too bad a position there,
Trying out a new approach trading EU at over bought/sold areas I get clear entry/exit signals, if the signal is lost I close. The thinking is if it moves against me it should be limited because of the ob/os conditions. Results quite good so far but Mr Sod is never far away ha
Attached Image
All charts/ideas based on UK time zone
  • #1,117
  • May 10, 2019 10:42am May 10, 2019 10:42am
Showing a buy on WTI but to be polite I'm closing down for the night, don't want to hold over the weekend, will resume Sunday night, have a great weekend all, good trading, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,118
  • May 10, 2019 10:47am May 10, 2019 10:47am
Good day
all the afternoon on eurusd
out with only couple of ticks
  • #1,119
  • May 10, 2019 10:47am May 10, 2019 10:47am
Quoting sponge
{quote} Trying out a new approach trading EU at over bought/sold areas I get clear entry/exit signals, if the signal is lost I close. The thinking is if it moves against me it should be limited because of the ob/os conditions. Results quite good so far but Mr Sod is never far away ha {image}
Looks very professional, way to go with the results
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,120
  • May 10, 2019 10:52am May 10, 2019 10:52am
Quoting valter
Good day all the afternoon on eurusd out with only couple of ticks
Hello Valter, it's always pleasing to hear +ve results, whether big or small.
I don't need to be good at the game, only good enough to beat my opponent,
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