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  • #2,681
  • Edited 12:40am Jul 19, 2019 12:26am | Edited 12:40am
Quoting aariapoor
{quote} The Frist one touched TP +450 pips {image} The second one came very close to TP but still didn't touch {image} I took another sell but closed with $1 because of trailing stop
First class

aariapoor, is elliot wave your main approach ?
All charts/ideas based on UK time zone
  • #2,682
  • Jul 19, 2019 12:38am Jul 19, 2019 12:38am
Quoting aariapoor
{quote} Why? don't rush to go long yet
Support at 55.27 was my trigger, market moved 100 pips, however I got stopped out at break even I was risking nothing
All charts/ideas based on UK time zone
  • #2,683
  • Jul 19, 2019 12:45am Jul 19, 2019 12:45am
Guys, Look out for Windows10 update it takes ages, best left till weekend
All charts/ideas based on UK time zone
  • #2,684
  • Jul 19, 2019 2:12am Jul 19, 2019 2:12am
IEA’S BIROL: IEA REVISING DOWN 2019 GLOBAL OIL DEMAND GROWTH FORECAST
19 July 2019, 07:27

In a Reuters in interview late-Thursday, the International Energy Agency (IEA) Executive Director Faith Birol said the Agency is making downward revision to its 2019 global oil demand growth outlook to 1.1 million barrels per day (bpd) and leaves scope for further downgrade should the global and Chinese economy slowdown further.
Key Highlights:
“China is experiencing its slowest economic growth in the last three decades, so are some of the advanced economies ... if the global economy performs even poorer than we assume, then we may even look at our numbers once again in the next months to come.
The IEA was concerned by rising Middle East tensions, particularly around the Strait of Hormuz, a vital shipping route linking Gulf oil producers to markets in Asia, Europe, North America and elsewhere.
We are keeping a close eye on what is happening there. And if something happens, we are ready to act quickly and decisively.
In the very short-term, the effect of those options are not very huge. We should think of options and work on them. They will not bring a major change in the current markets but will be helpful in the medium and longer term.
Oil prices at around $65 a barrel priced in tensions relating to Iran, Libya and Venezuela, as well as concerns about the U.S.-Chinese trade row.”
persistence and determination alone are omnipotent
  • #2,685
  • Edited 3:10am Jul 19, 2019 2:54am | Edited 3:10am
Quoting sponge
{quote} First class aariapoor, is elliot wave your main approach ?
Got lucky
Can't say purely Elliot
Wave structure + Price action
Past behavior + Current action
What they want to do + What they are doing
We can't control the sea, but we can learn how to surf the waves.
  • #2,686
  • Jul 19, 2019 3:51am Jul 19, 2019 3:51am
Quoting aariapoor
{quote} Got lucky Can't say purely Elliot Wave structure + Price action Past behavior + Current action What they want to do + What they are doing
I don't believe the lucky bit
All charts/ideas based on UK time zone
  • #2,687
  • Edited 5:25am Jul 19, 2019 4:08am | Edited 5:25am
It's trying to break this line, it's short term buy setup but it's Friday and doesn't worth it
Attached Image

It maybe breaks today and gives a flag on Monday for the next week UP move
We can't control the sea, but we can learn how to surf the waves.
  • #2,688
  • Jul 19, 2019 6:22am Jul 19, 2019 6:22am
WTI FIRMER ABOVE $ 56 AS US-IRAN TENSIONS FLARE UP, US RIGS DATA EYED
19 July 2019, 14:00

 

  1. Lifted by fresh US-Iran geopolitical worries, but bulls lack follow-through.
  2. Stronger USD, bearish IEA headlines and US stocks surge cap the rally.
  3. All eyes on US rigs count and consumer sentiment data for fresh directives.

WTI (futures on Nymex) is seen consolidating its recovery from monthly lows of 54.75, the bulls take a breather amid resurgent US dollar demand and nervousness ahead of the US drilling sector activity data.
The black gold jumped over 1.50% this Friday, mainly driven by renewed tensions between the US and Iran after the US President Trump said that the US Navy ship “destroyed” an Iranian drone in the Strait of Hormuz. However, the tensions flared up after the Iranian officials denied any such shooting down of Iran’s drone, saying that all drones have returned to their base.
The bulls lacked the vigor to extend the upside, as investors continued to weigh in the recent comments by the International Energy Agency (IEA) Chief Birol. Birol said the IEA is revising down the 2019 global oil demand growth forecast, in light of slowing global economy, especially China.
Moreover, broad-based US dollar recovery, as well as swelling US fuel stockpiles, keep the sentiment undermined around the commodity. Attention now turns towards the US UoM Consumer Sentiment and rigs count data due later today for near-term trading opportunities.

persistence and determination alone are omnipotent
  • #2,689
  • Jul 19, 2019 8:02am Jul 19, 2019 8:02am
Beware of the friday follies. Don't give up ur weeks gains.
  • #2,690
  • Jul 19, 2019 9:57am Jul 19, 2019 9:57am
Managed to claw back some earlier losses, loooong day

Spectating now
Attached Image
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  • #2,691
  • Jul 19, 2019 10:36am Jul 19, 2019 10:36am
Quoting sponge
55.27 possible support
Still looking for support here at 55.27, quite bearish below.
All charts/ideas based on UK time zone
  • #2,692
  • Jul 19, 2019 11:02am Jul 19, 2019 11:02am
Quoting sponge
{quote} Still looking for support here at 55.27, quite bearish below.
The worst session for trading is NY session and the worst day is Friday, now this two mixed together became zero direction, indecision
We can't control the sea, but we can learn how to surf the waves.
  • #2,693
  • Jul 19, 2019 11:20am Jul 19, 2019 11:20am
Quoting aariapoor
{quote} The worst session for trading is NY session and the worst day is Friday, now this two mixed together became zero direction, indecision
Going for the bigger moves as you do I can see your point but as well as trading longer term I like to skim a few ponts intraday, don't care what day it is

I need to work on my patience
All charts/ideas based on UK time zone
  • #2,694
  • Jul 19, 2019 11:22am Jul 19, 2019 11:22am
Inserted Video
persistence and determination alone are omnipotent
  • #2,695
  • Jul 19, 2019 11:27am Jul 19, 2019 11:27am
Quoting sponge
{quote} Going for the bigger moves as you do I can see your point but as well as trading longer term I like to skim a few ponts intraday, don't care what day it is I need to work on my patience
The NY session actually is good for scalping because they do I-turns * you can buy and sell for few pips and fast cash
* Not U-turn, not V-turn but I-turn (same candle reversal)
We can't control the sea, but we can learn how to surf the waves.
  • #2,696
  • Jul 19, 2019 11:35am Jul 19, 2019 11:35am
Quoting aariapoor
{quote} The NY session actually is good for scalping because they do I-turns * you can buy and sell for few pips and fast cash * Not U-turn, not V-turn but I-turn (same candle reversal)
56 was anoying today so my thoughts are some big boys were in having fun wrong footing the small guys ..like me

If I read it right a rise ain't far away some volume pointing north but we'll see
All charts/ideas based on UK time zone
  • #2,697
  • Jul 19, 2019 11:54am Jul 19, 2019 11:54am
Quoting aariapoor
{quote} The NY session actually is good for scalping because they do I-turns * you can buy and sell for few pips and fast cash * Not U-turn, not V-turn but I-turn (same candle reversal)
I turns, sounds intriguing, never heard of it

aariapoor do you ever time the markets?
All charts/ideas based on UK time zone
  • #2,698
  • Jul 19, 2019 12:07pm Jul 19, 2019 12:07pm
United states baker hughes us oil rig count: 779 vs previous 784
persistence and determination alone are omnipotent
  • #2,699
  • Jul 19, 2019 12:07pm Jul 19, 2019 12:07pm
Quoting sponge
{quote} I turns, sounds intriguing, never heard of it aariapoor do you ever time the markets?
I-Turn and V-turn I invented these

I don't know what is "time the market"
We can't control the sea, but we can learn how to surf the waves.
  • #2,700
  • Jul 19, 2019 12:27pm Jul 19, 2019 12:27pm
Quoting aariapoor
{quote} I-Turn and V-turn I invented these I don't know what is "time the market"
Timing the markets we look from left to right on the charts and try to pinpoint on what date the market will "turn".
All charts/ideas based on UK time zone
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