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WTI Crude Oil Trading

  • #3,401
  • Aug 26, 2019 2:24am Aug 26, 2019 2:24am
shorted @ 54.508
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persistence and determination alone are omnipotent
  • #3,402
  • Aug 26, 2019 2:26am Aug 26, 2019 2:26am
Quoting Ll1979
shorted @ 54.508 {image}
Followed, closed the long, have to follow my conviction
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,403
  • Aug 26, 2019 2:35am Aug 26, 2019 2:35am
Quoting Ll1979
shorted @ 54.508 {image}
15 is now showing the pullback bar ? may well cover if it confirms.
EDIT
covered again, did you manage a few pips Li?
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,404
  • Aug 26, 2019 2:36am Aug 26, 2019 2:36am
Quoting Ll1979
shorted @ 54.508 {image}
SL hit @54.658
persistence and determination alone are omnipotent
  • #3,405
  • Aug 26, 2019 2:40am Aug 26, 2019 2:40am
Quoting Ll1979
{quote} SL hit @54.658
Sorry Li, closed the cover seems the it hit where I thought, only looking to go down from here, if not will close shorts, seems it's "Peeked" too
EDIT
+1 short from here
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,406
  • Aug 26, 2019 2:41am Aug 26, 2019 2:41am
Quoting detector
{quote} 15 is now showing the pullback bar ? may well cover if it confirms. EDIT covered again, did you manage a few pips Li?
What a spike did Trump opened his mouth again?
persistence and determination alone are omnipotent
  • #3,407
  • Aug 26, 2019 2:47am Aug 26, 2019 2:47am
Quoting Ll1979
{quote} What a spike did Trump opened his mouth again?
Apparently China called according to news, but they have no recollection, make you wonder whats going on, or want to go on, ahh, make tht +2 short, never adjusted the lot size, me badD
EDIT
Would like to think my first mistake was profitable but it seems all are, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,408
  • Aug 26, 2019 2:56am Aug 26, 2019 2:56am
pivot rejection on camarilla H3
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persistence and determination alone are omnipotent
  • #3,409
  • Aug 26, 2019 2:58am Aug 26, 2019 2:58am
Quoting Ll1979
pivot rejection on camarilla H3 {image}
Nice one
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,410
  • Aug 26, 2019 2:58am Aug 26, 2019 2:58am
Quoting detector
{quote} Apparently China called according to news, but they have no recollection, make you wonder whats going on, or want to go on, ahh, make tht +2 short, never adjusted the lot size, me badD EDIT Would like to think my first mistake was profitable but it seems all are, D
This is no mistake you followed your system and it got flawed by Trump.
persistence and determination alone are omnipotent
  • #3,411
  • Aug 26, 2019 2:59am Aug 26, 2019 2:59am
Quoting detector
{quote} Nice one
did not trade it
persistence and determination alone are omnipotent
  • #3,412
  • Aug 26, 2019 3:04am Aug 26, 2019 3:04am
Quoting detector
{quote} Based on the price being out of the boundaries I've shorted, trouble with WTI it never sticks to the rules, watch with interest, D
Since Sunday open, oil follows equities, which also is irrational--good news is good/bad; bad news is good/bad.

When equities do break, min of 20%, oil will likely follow for a while, possibly a long while.

Meanwhile, my trades are brief.
  • #3,413
  • Aug 26, 2019 3:04am Aug 26, 2019 3:04am
Quoting Ll1979
{quote} did not trade it
There will be more Li, seems the 1min lining back up, sometimes it a little erratic, higher frames best with 1min confirmation,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,414
  • Aug 26, 2019 3:08am Aug 26, 2019 3:08am
Ok, back to the 15, now posting a pullback or reverse direction, seems it has moved enough for either, 1min saying reverse??
54.20 was the last breach it had to qualify??
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,415
  • Aug 26, 2019 3:17am Aug 26, 2019 3:17am
Dow is ~5.7% off of high, 'should be' heading lower, but BTFD is not dead.
  • #3,416
  • Aug 26, 2019 3:32am Aug 26, 2019 3:32am
WTI sold-off at $ 55 on mixed US-China trade headlines
26 August 2019, 13:29

 

  1. Oil bounces in sync with risk sentiment on hopes of easing US-China trade war.
  2. But contradictory US-China trade statements cap the oil-price recovery.
  3. Focus on trade developments and US weekly crude supplies report.

WTI (futures on Nymex) is seen fading an uptick to 55.00 levels over the last hour, dragged lower by a retracement in risk assets again, as the US President Trump-led hopes of easing US-China trade war concerns were negated by the latest contradictory remarks from China.
US-China trade war escalation risks global recession
Earlier today, Trump said that China’s trade team called the US negotiators last night and said that they want to come back to the negotiating table, adding that “we have had two calls with China, they want to make a trade deal”.
However, the Chinese Foreign Ministry and Global Times were quick to report that they weren’t aware of any such phone calls that took knocked off the risk recovery, with Oil traders sending prices back to mid-54s.
The black gold hit 11-days lows at 52.98 in Asia this Monday, as risk-aversion swept off the markets amid US-China trade escalation and weighed heavily on the higher-yielding oil. The prices staged a goodish-recovery in early European trading amid reconciliatory trade comments by both the US and Chinese trade officials.

Looking ahead, the sentiment around the barrel of WTI will continue to get influenced by the US-China trade developments. Markets fear that intensifying US-China trade war could have a major impact on the global economy, in turn negatively affecting the energy demand outlook.

persistence and determination alone are omnipotent
  • #3,417
  • Aug 26, 2019 3:41am Aug 26, 2019 3:41am
Quoting Ll1979
WTI sold-off at $ 55 on mixed US-China trade headlines 26 August 2019, 13:29 Oil bounces in sync with risk sentiment on hopes of easing US-China trade war. But contradictory US-China trade statements cap the oil-price recovery. Focus on trade developments and US weekly crude supplies report. WTI (futures on Nymex) is seen fading an uptick to 55.00 levels over the last hour, dragged lower by a retracement in risk assets again, as the US President Trump-led hopes of easing US-China trade war concerns were negated by the latest contradictory remarks...
Li, what is going on and what they want to go on, couldn't write this, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,418
  • Aug 26, 2019 3:43am Aug 26, 2019 3:43am
1min coming to what I've deemed the end of the position when it hits rock bottom, will take the opp to close, to much plate spinning at the mo, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,419
  • Aug 26, 2019 3:45am Aug 26, 2019 3:45am
Done, small profit in adversity is better than a loss, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,420
  • Aug 26, 2019 3:45am Aug 26, 2019 3:45am
Quoting detector
1min coming to what I've deemed the end of the position when it hits rock bottom, will take the opp to close, to much plate spinning at the mo, D
Ending this ranging area would be more then welcome
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persistence and determination alone are omnipotent
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