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WTI Crude Oil Trading

  • #2,081
  • Jun 19, 2019 2:48pm Jun 19, 2019 2:48pm
Quoting Beyfor
{image} Watch Crude Oil analysis on youtube https://youtu.be/-_I2VkJldqM
Li said it perfectly, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,082
  • Jun 19, 2019 3:07pm Jun 19, 2019 3:07pm
Dear Fellow Oilers and Other Nice People,

Here's another way to have fun in FX:

Late last year, I noticed a broad USD movement going on, so I opened 7 USD pairs and made good gains on all of them. That led to my deciding to automate the process with fast entry, fast exit, and fast reversal, while also displaying the status for monitoring. So the Magnificent Seven EA app was developed (for MT4, still experimental).
I used it today to play the FOMC event. The first figure shows the positions opened at 2 minutes before 18:00 UTC, betting against the USD. The second shows all positions closed at 18:05 for a gain of 200 pips--an average of 28.6 pips per pair. Not bad for a 7-minute trade. Since it is still experimental, I traded the minimum positions.
I am uploading the app for those of you foolhardy enough to try it. If you do, please post your questions and comments--I will try to respond to all. Please check under the paper clip for updates. There are no guarantees or other assurances, so don't come crying if you screw up.
The 8 currencies are fixed as is the action for 7 pairs. The app is simple to use and rather obvious, but I will post some more information about using it, possibly this weekend.
This app is especially good for FOMC events, First Friday Fun, and follies by other central banks.

Please be careful. ~tc
Attached Image(s) (click to enlarge)
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File Type: ex4 Magnif7_tc.ex4   126 KB | 397 downloads
  • #2,083
  • Jun 19, 2019 3:12pm Jun 19, 2019 3:12pm
Quoting timingchain
Dear Fellow Oilers and Other Nice People, Here's another way to have fun in FX: Late last year, I noticed a broad USD movement going on, so I opened 7 USD pairs and made good gains on all of them. That led to my deciding to automate the process with fast entry, fast exit, and fast reversal, while also displaying the status for monitoring. So the Magnificent Seven EA app was developed (for MT4, still experimental). I used it today to play the FOMC event. The first figure shows the positions opened at 2 minutes before 18:00 UTC, betting against the...
Got it, cheers TC for you generous share,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,084
  • Jun 19, 2019 3:42pm Jun 19, 2019 3:42pm
Quoting timingchain
Dear Fellow Oilers and Other Nice People, Here's another way to have fun in FX: Late last year, I noticed a broad USD movement going on, so I opened 7 USD pairs and made good gains on all of them. That led to my deciding to automate the process with fast entry, fast exit, and fast reversal, while also displaying the status for monitoring. So the Magnificent Seven EA app was developed (for MT4, still experimental). I used it today to play the FOMC event. The first figure shows the positions opened at 2 minutes before 18:00 UTC, betting against the...
TC, so effectively, button no8 is the direction you choose, up or dn, you press accordingley what you expect the USD to do , this populates all pairs chosen, you let the EA do its thing from there, profit or stop out, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,085
  • Jun 19, 2019 4:16pm Jun 19, 2019 4:16pm
Quoting detector
{quote} TC, so effectively, button no8 is the direction you choose, up or dn, you press accordingley what you expect the USD to do , this populates all pairs chosen, you let the EA do its thing from there, profit or stop out, D
Right. One click opens 7 positions. The TP or SL will close all positions--it only looks at the basket gain/loss. User can manually close with a single click on 'Close All'. Entry, exit, or reversal can be done in a matter of a few seconds.
  • #2,086
  • Jun 19, 2019 4:22pm Jun 19, 2019 4:22pm
Quoting timingchain
{quote} Right. One click opens 7 positions. The TP or SL will close all positions--it only looks at the basket gain/loss. User can manually close with a single click on 'Close All'. Entry, exit, or reversal can be done in a matter of a few seconds.
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,087
  • Jun 19, 2019 5:30pm Jun 19, 2019 5:30pm
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  • #2,088
  • Jun 19, 2019 11:38pm Jun 19, 2019 11:38pm
Waiting for a possible break to the upside (Camarilla H4 54.95 area)
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persistence and determination alone are omnipotent
  • #2,089
  • Jun 19, 2019 11:55pm Jun 19, 2019 11:55pm
OIL :
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  • #2,090
  • Jun 20, 2019 1:47am Jun 20, 2019 1:47am
Quoting timingchain
Dear Fellow Oilers and Other Nice People, Here's another way to have fun in FX: Late last year, I noticed a broad USD movement going on, so I opened 7 USD pairs and made good gains on all of them. That led to my deciding to automate the process with fast entry, fast exit, and fast reversal, while also displaying the status for monitoring. So the Magnificent Seven EA app was developed (for MT4, still experimental). I used it today to play the FOMC event. The first figure shows the positions opened at 2 minutes before 18:00 UTC, betting against the...
7 Mins ! I think you should go into the Guinness book of records with that one TC, well done

Thanks for the EA but I have never used EA's, too old and stupid now I think.

I have tried to measure the "broad movement" of currencies but with little success
All charts/ideas based on UK time zone
  • #2,091
  • Jun 20, 2019 1:49am Jun 20, 2019 1:49am
WTI broke out and i missed it
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persistence and determination alone are omnipotent
  • #2,092
  • Jun 20, 2019 1:57am Jun 20, 2019 1:57am
Quoting sponge
{quote} 7 Mins ! I think you should go into the Guinness book of records with that one TC, well done Thanks for the EA but I have never used EA's, too old and stupid now I think. I have tried to measure the "broad movement" of currencies but with little success
I spent the rest of the afternoon laughing over the result.

Actually, I don't use any other EA. I believe trading is really about the trader, while EAs are a crutch for most users. EAs mostly use indicators that are often more than a century old with little chance of outperforming a good trader.
  • #2,093
  • Jun 20, 2019 1:58am Jun 20, 2019 1:58am
Quoting sponge
Short Gold 1342.99
Stop at last high ...crap trade poss -50
All charts/ideas based on UK time zone
  • #2,094
  • Jun 20, 2019 2:05am Jun 20, 2019 2:05am
Quoting timingchain
{quote} I spent the rest of the afternoon laughing over the result.
I bet you did ha
All charts/ideas based on UK time zone
  • #2,095
  • Jun 20, 2019 2:05am Jun 20, 2019 2:05am
Quoting Ll1979
WTI broke out and i missed it {image}

Another bus will be along soon!
  • #2,096
  • Jun 20, 2019 2:44am Jun 20, 2019 2:44am
Quoting timingchain
{quote} Another bus will be along soon!
hope so another just went missing near a cliff
persistence and determination alone are omnipotent
  • #2,097
  • Jun 20, 2019 7:08am Jun 20, 2019 7:08am
S&P500 only 45 pips from the magic 3000, think the Dow could do another all time high aswell
All charts/ideas based on UK time zone
  • #2,098
  • Jun 20, 2019 10:21am Jun 20, 2019 10:21am
Quoting sponge
{quote} Fish fingers yeaterday Fillet Steak today 200+ pips I think more upside is possible I may re enter on pullback, 58 is possible longer term ...we'll see {image}
I think a strong rejection from 57.72/58 is possible but quite bullish above 58 if it goes.

S&P/Dow seem to be struggling for that new high, Gold pushing up
All charts/ideas based on UK time zone
  • #2,099
  • Jun 20, 2019 11:35am Jun 20, 2019 11:35am
Shorted gbpusd
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persistence and determination alone are omnipotent
  • #2,100
  • Jun 20, 2019 1:04pm Jun 20, 2019 1:04pm
Quoting Ll1979
Shorted gbpusd {image}
SL hit hope i can find a place under the bridge to sleep tonight
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persistence and determination alone are omnipotent
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