WTI Crude Oil Trading | Page 152 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #3,021
  • Aug 4, 2019 3:16pm Aug 4, 2019 3:16pm
Quoting detector
So the plot thickens, if it carries on in the same vein, 62.75, any thoughts, D EDIT My only thought and you can just make it out, 3rd June the volume is on the masses side, something not apparent now, any comments??? thinner volume, rising price recipe for disasterD {image}
Hello all, I'm back hope you're all well, seems a turn for the shorts, not that I had a crystal ball and never gave chase, but something was a miss on the stats and did it show, will put a chart up of how the development occurred, for now, having a fireworks night with the weather, good to be home, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,022
  • Aug 4, 2019 4:08pm Aug 4, 2019 4:08pm
Quoting Ll1979
{quote} Out with some loss {image}
Li, an honest response, we join forces and take their Queen, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,023
  • Aug 4, 2019 4:12pm Aug 4, 2019 4:12pm
Quoting sponge
{quote} Thanks for the kind words D I'm glad it worked out for you Stargazing?? more like spaced out LOL
Sponge, among my Children, Grand children and Great Grand children, you will be as part of the stars as the great Orion himselfD
EDIT
to young for the last countD
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,024
  • Aug 4, 2019 4:25pm Aug 4, 2019 4:25pm
Quoting timingchain
~400 pips from Red Arrow to LoD. {image}
TC, you need to charge couldn't put a value on your post, just as valuable as all who post on the board,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,025
  • Aug 4, 2019 4:32pm Aug 4, 2019 4:32pm
Quoting aus1way
I don't mean to distract from an Oil thread but as fiat becomes a problem and insurance is sort in precious metals this looks like good play. {image}
Always welcome to a hint of good play, feel free and welcome, on behalf of the board, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,026
  • Aug 4, 2019 4:47pm Aug 4, 2019 4:47pm
Wouldn't kick longs out the park quite yet, (only in my opinion) seems the volume was a little enthusiastic on the last drop, could verify or nullify, either way a cautious approach, see you Monday, D
EDIT
Would say 53 then a possible up, no advice intended, D
Attached Image (click to enlarge)
Click to Enlarge Name: oily1hr.png Size: 61 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,027
  • Aug 4, 2019 5:27pm Aug 4, 2019 5:27pm
Quoting detector
{quote} TC, you need to charge couldn't put a value on your post, just as valuable as all who post on the board,D
Thanks for the endorsement D. Other than a few likes when I post a chart, I don't get feedback other than from you. Don't know if anyone actually uses the charts. The charts and assessments are different from what people are used to doing. Most traders want to use indicators that have been around for nearly a century, or longer. If they worked as well as people want to believe, everyone would be millionaires by now--so I decided to follow a different path.

I continue posting although my focus for now is with equity indices (futures). The oil futures contracts are a bit large for me, so risk management leads me to the indices. My FX broker doesn't do oil or precious metals (in the US).

Thanks again. Glad to see you back. ~tc
  • #3,028
  • Aug 4, 2019 5:48pm Aug 4, 2019 5:48pm
TC, I'm sure I speak for all when I say you contributions are priceless, just be sure to post your thoughts here too, the line is never that straight we will ever complain about deviation on this board, heck I do it all the time, on a serious note, WTI will eventually lose the volatility, gone are the days of 250-300 point moves, the maths alone dictate this, however a good mixture, and getting it right of course, could create the opportunities we look to benefit from, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,029
  • Aug 4, 2019 6:31pm Aug 4, 2019 6:31pm
[quote=detector;12420813]Wouldn't kick longs out the park quite yet,

I agree, this is what I'm thinking. A was taken out paving the way for B.

Attached Image (click to enlarge)
Click to Enlarge Name: 050819 Oil.jpg Size: 192 KB
  • #3,030
  • Aug 5, 2019 1:28am Aug 5, 2019 1:28am
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-08-05 09.25.24_1.jpg Size: 48 KB
yes yes yes
  • #3,031
  • Aug 5, 2019 2:02am Aug 5, 2019 2:02am
Food for thought, maybe some of you guys could comment on this

The green lines on the chart are where API news comes out every Wednesday.

Note how the Wednesday candles (white lines) very often either cap or support the market.

Elliot Wave seems to fit nice into this chart but I'm crap at EW I don't know if we are on a C or a 3 or something else

The level at 51.97 is a possible downside target

Interesting to see the high/low next Wednesday

Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: Capture1.PNG Size: 60 KB
All charts/ideas based on UK time zone
  • #3,032
  • Aug 5, 2019 5:56am Aug 5, 2019 5:56am
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-08-05 13.54.47_1.jpg Size: 84 KB
yes yes yes
  • #3,033
  • Aug 5, 2019 8:47am Aug 5, 2019 8:47am
Quoting sponge
Food for thought, maybe some of you guys could comment on this The green lines on the chart are where API news comes out every Wednesday. Note how the Wednesday candles (white lines) very often either cap or support the market. Elliot Wave seems to fit nice into this chart but I'm crap at EW I don't know if we are on a C or a 3 or something else The level at 51.97 is a possible downside target Interesting to see the high/low next Wednesday Good luck {image}...
Hello Sponge, hope your well, cannot comment on EW but think a test of 53.50 could happen before any advance, the momentum in my opinion has gone, the driving force could only be limiting production, else, a fall back sub 50, I'm looking at the Dow, yes, what a fall you predicted, only need the turn so come on with that crystal ball LOL, I have got a line for long @ 25800, may get a bounce from there, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,034
  • Aug 5, 2019 9:01am Aug 5, 2019 9:01am
Quoting detector
{quote} Hello Sponge, hope your well, cannot comment on EW but think a test of 53.50 could happen before any advance, the momentum in my opinion has gone, the driving force could only be limiting production, else, a fall back sub 50, I'm looking at the Dow, yes, what a fall you predicted, only need the turn so come on with that crystal ball LOL, I have got a line for long @ 25800, may get a bounce from there, D
Just a lucky call D

But you need to be carefull with the Dow, I think 25750 will support if it goes, Gold is soaring, flight to safety?

Not my cup of tea
All charts/ideas based on UK time zone
  • #3,035
  • Aug 5, 2019 9:26am Aug 5, 2019 9:26am
again 61.8 retracement
Attached Image (click to enlarge)
Click to Enlarge Name: ??? ????.png Size: 26 KB
yes yes yes
  • #3,036
  • Aug 5, 2019 11:03am Aug 5, 2019 11:03am
Quoting sponge
{quote} Just a lucky call D But you need to be carefull with the Dow, I think 25750 will support if it goes, Gold is soaring, flight to safety? Not my cup of tea
Got it I'm looking for a snap back to 26250 Sponge, seems to tally on the 4hr, actually had this plotted before hand, a total punt but the market has dropped enough to warrant the pullback, there will be a deal with Chinusa just a case when?? just being opportunist here, thanks for the heads up though, D that said, will monitor and bail if need be.
EDIT
Pundits saying my exact thoughts as I posted, wouldn't surprise if we hear from MR T today to stem the fall
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,037
  • Aug 5, 2019 11:13am Aug 5, 2019 11:13am
Quoting detector
{quote} Got it I'm looking for a snap back to 26250 Sponge, seems to tally on the 4hr, actually had this plotted before hand, a total punt but the market has dropped enough to warrant the pullback, there will be a deal with Chinusa just a case when?? just being opportunist here, thanks for the heads up though, D that said, will monitor and bail if need be. EDIT Pundits saying my exact thoughts as I posted, wouldn't surprise if we hear from MR T today to stem the fall
Still think we'll see 25750
All charts/ideas based on UK time zone
  • #3,038
  • Aug 5, 2019 11:15am Aug 5, 2019 11:15am
WTI supporting at 55.30 area past 3 weeks, 55.17 would turn it bearish I think.
All charts/ideas based on UK time zone
  • #3,039
  • Aug 5, 2019 11:57am Aug 5, 2019 11:57am
Had a wee punt

There may be trouble ahead do de do do
Attached Image
All charts/ideas based on UK time zone
  • #3,040
  • Aug 5, 2019 12:11pm Aug 5, 2019 12:11pm
Quoting sponge
Had a wee punt There may be trouble ahead do de do do {image}
nice trading champ
persistence and determination alone are omnipotent
3 traders viewing now