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  • #1,441
  • May 23, 2019 1:48pm May 23, 2019 1:48pm
Quoting detector
{quote} I have all in alignment other than daily for a rise, just my luck, but I could well be in agreement.
I think buying could come in soon 2790 could spark some upside if it spikes down but I think it would be very bearish below this level
All charts/ideas based on UK time zone
  • #1,442
  • May 23, 2019 1:53pm May 23, 2019 1:53pm
Well I hope tomorrow brings us all big bucks

Good night all
All charts/ideas based on UK time zone
  • #1,443
  • May 23, 2019 1:53pm May 23, 2019 1:53pm
Quoting sponge
{quote} I think buying could come in soon 2790 could spark some upside if it spikes down but I think it would be very bearish below this level
Sponge, Li, noted
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,444
  • May 23, 2019 2:18pm May 23, 2019 2:18pm
For the traders who got a bad day ... don't give up.

Inserted Video
persistence and determination alone are omnipotent
  • #1,445
  • May 23, 2019 2:29pm May 23, 2019 2:29pm
Quoting detector
{quote} Sponge, Li, noted
Still got your spx?
persistence and determination alone are omnipotent
  • #1,446
  • May 23, 2019 2:30pm May 23, 2019 2:30pm
Quoting detector
{quote} Sponge, Li, noted
OOOOH the irony, I closed out before the rise, neverthe less, still fighting another day,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,447
  • May 23, 2019 2:33pm May 23, 2019 2:33pm
Quoting sponge
Well I hope tomorrow brings us all big bucks Good night all
Night Sponge, great chess today,see you tomorrow to do it all again
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,448
  • May 23, 2019 2:34pm May 23, 2019 2:34pm
Quoting detector
{quote} OOOOH the irony, I closed out before the rise, neverthe less, still fighting another day,D
Been there more than once .... but also seen what happens when the shit hits the fan.

Long wti @ 57.958
persistence and determination alone are omnipotent
  • #1,449
  • May 23, 2019 2:35pm May 23, 2019 2:35pm
Quoting sponge
Well I hope tomorrow brings us all big bucks Good night all
Good night
persistence and determination alone are omnipotent
  • #1,450
  • May 23, 2019 2:39pm May 23, 2019 2:39pm
I turned my EA on after closing out and managed to gain a few pips, still turned a dime, better than losing one
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I don't need to be good at the game, only good enough to beat my opponent,
  • #1,451
  • May 23, 2019 2:58pm May 23, 2019 2:58pm
Quoting Ll1979
{quote} Been there more than once .... but also seen what happens when the shit hits the fan. Long wti @ 57.958
Finally
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persistence and determination alone are omnipotent
  • #1,452
  • May 23, 2019 2:59pm May 23, 2019 2:59pm
Quoting Ll1979
{quote} Been there more than once .... but also seen what happens when the shit hits the fan. Long wti @ 57.958
True, given the rate it took off, blink and game over, this is trading,keep for the next fight
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,453
  • May 23, 2019 3:33pm May 23, 2019 3:33pm
Quoting Ll1979
{quote} Been there more than once .... but also seen what happens when the shit hits the fan. Long wti @ 57.958
Out @ 58.184

Bedtime
persistence and determination alone are omnipotent
  • #1,454
  • May 23, 2019 3:49pm May 23, 2019 3:49pm
Quoting Ll1979
{quote} Out @ 58.184 Bedtime
Great chess Li, see you tomorrow, night, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,455
  • May 23, 2019 4:29pm May 23, 2019 4:29pm
IMO, a broad Panic Day is not very far off: summer?

That might or might not signal the beginning of The Great Unraveling when the massive global debts start going into default.

The WTI H4 chart clearly shows how interesting today was. Look back to where the median crossed EMA20 at 63.12. The median shows an unrelenting plunge from there.

At one point today: 46 traders viewing now, 13 are members.
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  • #1,456
  • May 23, 2019 4:38pm May 23, 2019 4:38pm
Quoting timingchain
IMO, a broad Panic Day is not very far off: summer? That might or might not signal the beginning of The Great Unraveling when the massive global debts start going into default. The WTI H4 chart clearly shows how interesting today was. Look back to where the median crossed EMA20 at 63.12. The median shows an unrelenting plunge from there. At one point today: 46 traders viewing now, 13 are members. {image}
MMM Food for thought Timingchain, noticed the viewers today, they were plentiful, good informed thread, and banter to boot, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,457
  • May 23, 2019 5:44pm May 23, 2019 5:44pm
Quoting riclater211
{quote} Price still bouncing along the same levels. No change. Waiting for breakout or something. - Ric {image}
Price pushed into my trade box. I was going to secure some profit and let it ride but I decided against it. I just don't feel as comfortable with holding on for price to hit 52.00. Instead I placed a TP at 58.00 which was just barely hit before starting to struggle. Sure price can continue down after a small retrace but I just don't know anymore. But hey 2% is not bad for 1 trade. Looking for re-entry.

- Ric
Attached Image (click to enlarge)
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Be humble or get humbled
  • #1,458
  • May 24, 2019 1:01am May 24, 2019 1:01am
Quoting detector
{quote} Great chess Li, see you tomorrow, night, D
THNX 5m ema21 strategy worked out great.
persistence and determination alone are omnipotent
  • #1,459
  • May 24, 2019 1:29am May 24, 2019 1:29am
EWI Elliott count update

I have added the alt. count a-b-c (green)

Sixer
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  • #1,460
  • May 24, 2019 5:57am May 24, 2019 5:57am
WTI: Recovery remains capped near $58.70 ahead of US data
24 May 2019, 12:58

 

  1. Oil recovers +1% as OPEC supply cuts and Middle East tensions pose supply risks.
  2. Set for biggest weekly loss heading into US durable goods and drilling data.

The WTI (futures on Comex) recovery from two-month lows of 57.34 fizzled out in Europe near 58.75 region, as the bulls now consolidate the gains awaiting the next trading impetus, with the US durable goods and oil rigs count data due later today in NA session.
The steady recovery in the black gold remains supported by the looming supply disruptions, arising from the US sanctions on Iran’s exports and escalating Middle East geopolitical tensions. Moreover, the ongoing OPEC oil output cuts also continue to add to the global market tightness and keep the sentiment lifted around oil.
Despite the latest pullback, the barrel of WTI remains on the track to book the biggest weekly loss so far this year. Oil prices extended this week’s fall and hit the lowest levels since March, 13th on Thursday after swelling US oil inventories and disappointing US manufacturing PMI cast doubt on the US health, already hit by the escalating US-China trade tensions.

persistence and determination alone are omnipotent
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