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WTI Crude Oil Trading

  • #4,241
  • Oct 6, 2019 2:52pm Oct 6, 2019 2:52pm
Hello all hope you had a good weekend, if we have a rebound as first thought,target of 55, in failing this, if it breaches the current low a target of 45, if this were to happen its on the daily so it may take a while to get there, however, the chart has a bounce from previous lows at this level so 55 could well be a target, I'm currently out so plan your game well and hope it goes your way, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,242
  • Oct 6, 2019 3:13pm Oct 6, 2019 3:13pm
In the 15 minute time frame Crude oil looks like it may be reversing course poking thru Trend and SR line gaining strength and momentum. My upside target for the week around 54.70
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  • #4,243
  • Oct 6, 2019 5:18pm Oct 6, 2019 5:18pm
Gap down on open with a possible test of low, looking for the 55 target now, the gap, as always, will close, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,244
  • Oct 6, 2019 10:39pm Oct 6, 2019 10:39pm
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yes yes yes
  • #4,245
  • Oct 7, 2019 1:42am Oct 7, 2019 1:42am
Checked out 3 brokers this morning their clients are 80+ % net long oil.

Can we expect a stop clearing exercise ?

Time wil tell
All charts/ideas based on UK time zone
  • #4,246
  • Oct 7, 2019 6:06am Oct 7, 2019 6:06am
Any news on this??
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  • #4,247
  • Oct 7, 2019 6:14am Oct 7, 2019 6:14am
Crude scalp SHORT @53.50 TP 1 - 2% drop.Good luck.
  • #4,248
  • Oct 7, 2019 6:29am Oct 7, 2019 6:29am
Quoting sponge
{quote} WTI is still bullish for now I think. Like others I think it will continue upside however not totally convinced it's a trend change yet. Upside targets weekly pivot around 53.70 and 54.48, I think these would confirm the trend, longer term volume looks a bit iffy for now tho Falling below Friday pivot would change the view My 2p Good luck
Approaching first target at 53.70 I think this is critical for the bulls ...a good morning so far

Trying this indi out this morning it gave a good signal on the 4 hour chart.

Web site says it doesn't re-paint some on FF says it does
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All charts/ideas based on UK time zone
  • #4,249
  • Oct 7, 2019 6:34am Oct 7, 2019 6:34am
Out , waiting for retracement .
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yes yes yes
  • #4,250
  • Oct 7, 2019 8:57am Oct 7, 2019 8:57am
Quoting timingchain
Red Arrow is still boss, but there is potential changeover this coming week. {image}
Changeover to Green Arrow? Looking for confirmation next bar.
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  • #4,251
  • Oct 7, 2019 9:35am Oct 7, 2019 9:35am
Long closed, 53.70 needs to hold imo

A good day
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All charts/ideas based on UK time zone
  • #4,252
  • Oct 7, 2019 11:33am Oct 7, 2019 11:33am
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yes yes yes
  • #4,253
  • Oct 7, 2019 11:33am Oct 7, 2019 11:33am
WTI without any fuel ,the big bear woke up for at least 2% drop from HOD
  • #4,254
  • Oct 7, 2019 12:29pm Oct 7, 2019 12:29pm
My exit is 53.00 ...sold at 53.50 took 1% drop ...byby WTI ...till the next time
  • #4,255
  • Oct 7, 2019 12:40pm Oct 7, 2019 12:40pm
re enter
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yes yes yes
  • #4,256
  • Oct 7, 2019 1:24pm Oct 7, 2019 1:24pm
Quoting timingchain
{quote} Changeover to Green Arrow? Looking for confirmation next bar. {image}
TCD

Quoting sponge
Long closed, 53.70 needs to hold imo A good day {image}
Sponge D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,257
  • Oct 7, 2019 1:55pm Oct 7, 2019 1:55pm
Quoting sponge
Long closed, 53.70 needs to hold imo A good day {image}
Excellent work Sponge, siphoning off them there pips
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,258
  • Oct 7, 2019 2:31pm Oct 7, 2019 2:31pm
That's why I don't like trend lines but moving averages, because moving averages are actually dynamic trend lines that help us avoid situations where we will be fooled after the crooks' false break
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yes yes yes
  • #4,259
  • Oct 7, 2019 2:55pm Oct 7, 2019 2:55pm
Quoting Moty
That's why I don't like trend lines but moving averages, because moving averages are actually dynamic trend lines that help us avoid situations where we will be fooled after the crooks' false break{image}{image}
Not sure what your second picture suggests, down (after certain price reached at least) but I would still be on the SOUTH, just after this rather STRONG rebound loses some strength.. seems to hold it quite well atm... But markets are in mess/stall today.. I would wait for the next days before entering SOUTH again... But would not risk with BUY, just in case... synced with my TS at least...
Can you afford to take that chance?
  • #4,260
  • Oct 7, 2019 3:00pm Oct 7, 2019 3:00pm
Quoting Moty
That's why I don't like trend lines but moving averages, because moving averages are actually dynamic trend lines that help us avoid situations where we will be fooled after the crooks' false break{image}{image}
If there is a breach of 52.50 I'm seeing a sell that could see it at 50, WTI continuously eludes us with direction, chart leads, D
I don't need to be good at the game, only good enough to beat my opponent,
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