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WTI Crude Oil Trading

  • #1,501
  • May 28, 2019 10:08am May 28, 2019 10:08am
Quoting sponge
{quote} Thinking long if we get a retest of 25631
We are back here again 25631, I think this is a volume area, just keep whipping around
All charts/ideas based on UK time zone
  • #1,502
  • May 28, 2019 10:17am May 28, 2019 10:17am
Quoting sponge
{quote} We are back here again 25631, I think this is a volume area, just keep whipping around
Yeah little bit precarious the way it's bouncing of a rising indi line on the 1hr, will hold short for now
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,503
  • May 28, 2019 10:18am May 28, 2019 10:18am
Nothing from Valter the last few days?
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,504
  • May 28, 2019 10:20am May 28, 2019 10:20am
Quoting detector
{quote} Yeah little bit precarious the way it's bouncing of a rising indi line on the 1hr, will hold short for now
Good luck D ...I crapped out
All charts/ideas based on UK time zone
  • #1,505
  • May 28, 2019 10:24am May 28, 2019 10:24am
Quoting detector
Nothing from Valter the last few days?
Maybe he's off to the Bahamas with his winnings
All charts/ideas based on UK time zone
  • #1,506
  • May 28, 2019 10:32am May 28, 2019 10:32am
Quoting sponge
{quote} Maybe he's off to the Bahamas with his winnings
He did turn a good few trades, great method with his closing out, hey our little group will be there soon, no arguing who's turn it is to go to the bar

Looking like a short term short on WTI on the 15m, still on the sidelines, got the daily going to 56 but could all change with news, hence my hesitation, D

Seems data coming out of late for the US is missing targets, any comments? D
EDIT
Didn't see the consumer confidence report, better than expected, D
Attached Image
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,507
  • May 28, 2019 10:59am May 28, 2019 10:59am
Quoting detector
Seems data coming out of late for the US is missing targets, any comments? D
Funny thing is a good percentage of negative comments result in the market going the other way
All charts/ideas based on UK time zone
  • #1,508
  • May 28, 2019 11:05am May 28, 2019 11:05am
Quoting sponge
{quote} Funny thing is a good percentage of negative comments result in the market going the other way
Just like my 15min short on WTI, and possibly the DOW, I could well be a guessing opportunist
EDIT
Got 25624 as a breach to evaluate.
EDIT
25542 next stop???
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,509
  • May 28, 2019 11:25am May 28, 2019 11:25am
Out, + couple pips D, Dipped in WTI short @ 59.12
Crawled back in the DOW short, maybe a little premature???
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,510
  • May 28, 2019 11:33am May 28, 2019 11:33am
Quoting detector
Out, + couple pips D, Dipped in WTI short @ 59.12 Crawled back in the DOW short, maybe a little premature???
seems to be a bit of volume in at that price D , I'm off for dins
All charts/ideas based on UK time zone
  • #1,511
  • May 28, 2019 11:34am May 28, 2019 11:34am
@Li, whats the verdict Li, always good to hear your opinion, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,512
  • May 28, 2019 11:38am May 28, 2019 11:38am
Quoting sponge
{quote} seems to be a bit of volume in at that price D , I'm off for dins
Enjoy, eat for the both of us, I won't have time
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,513
  • May 28, 2019 11:49am May 28, 2019 11:49am
Quoting detector
Nothing from Valter the last few days?
He is still busy counting his money.
Inserted Video
persistence and determination alone are omnipotent
  • #1,514
  • May 28, 2019 11:52am May 28, 2019 11:52am
Quoting Ll1979
{quote} He is still busy counting his money. https://youtu.be/w_AXmTOpQVE
Hoping to join him, or licking my wounds if the plan backfires!!!
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,515
  • May 28, 2019 11:52am May 28, 2019 11:52am
Quoting detector
@Li, whats the verdict Li, always good to hear your opinion, D
Will post some charts after dinner.
persistence and determination alone are omnipotent
  • #1,516
  • May 28, 2019 11:58am May 28, 2019 11:58am
Quoting Ll1979
{quote} Will post some charts after dinner.
WTI holding on, making me think the Dow catching bears?, cheers Li.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,517
  • May 28, 2019 12:54pm May 28, 2019 12:54pm
Quoting detector
{quote} WTI holding on, making me think the Dow catching bears?, cheers Li.
Some thoughts:

  1. Due to memorial day API numbers are released tomorrow.
  2. US indices are ranging atm (we know SPX and WTI are highly correlated)
  3. Looking @ H1 we could break above the trendline opening the way for FE 60.16.
  4. 1M chart is trending might be an opportunity to either go long or short depending of break trendline

Overall impression of the market is ranging giving us traders a lower probability

Attached Image(s) (click to enlarge)
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persistence and determination alone are omnipotent
  • #1,518
  • May 28, 2019 1:01pm May 28, 2019 1:01pm
Quoting detector
{quote} WTI holding on, making me think the Dow catching bears?, cheers Li.
DOW looks weak to me

H1 candle closing below blue support area makes my bearish
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
persistence and determination alone are omnipotent
  • #1,519
  • May 28, 2019 1:11pm May 28, 2019 1:11pm
Closed Dow, still short WTI
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,520
  • May 28, 2019 1:12pm May 28, 2019 1:12pm
Quoting Ll1979
{quote} DOW looks weak to me H1 candle closing below blue support area makes my bearish {image}
shorted DOW 3 bar play
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Click to Enlarge Name: Image1.png Size: 18 KB
persistence and determination alone are omnipotent
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