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WTI Crude Oil Trading

  • #4,441
  • Oct 13, 2019 12:42am Oct 13, 2019 12:42am
My Mt4 trading system for Crude Oil is as follows

1) support resistance indicator
2) border lines with arrows indicator

Please take a look seniors!
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  • #4,442
  • Oct 13, 2019 12:45am Oct 13, 2019 12:45am
signal provided recently
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  • #4,443
  • Oct 13, 2019 1:23am Oct 13, 2019 1:23am
Hi Guys nice to feel wanted

Don't worry I'll just have a short break, I'll be back to annoy you all soon
All charts/ideas based on UK time zone
  • #4,444
  • Oct 13, 2019 8:00pm Oct 13, 2019 8:00pm
Entered short WTI on the basis it's been very weak since the open.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4,445
  • Oct 13, 2019 9:58pm Oct 13, 2019 9:58pm
I entered long. 55.5 seems a safe target to me.
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You can lead a man to knowledge, but you can't make him think.
  • #4,446
  • Edited 3:38am Oct 14, 2019 1:32am | Edited 3:38am
i was right ...the big Bear is here.
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  • #4,447
  • Oct 14, 2019 7:16am Oct 14, 2019 7:16am
Here is a wave analysis using Demand & Supply Principles.
I use #oil futures market from Moscow exchange.

We have 2 waves
1) This is the first wave, It has volume 1.35m contracts and 3.4% progress
2) The second wave gained 1.7% progress with a bit higher volume 1.42m

Buyers "spent" more efforts (seen by volume) but with fewer gains (result). Chart tells us - this is a zone of resistance (supply). So, we were warned about a possible decline.

3) As a consequence of Weak action on Friday, Monday has opened with a big gap down.
4) Note how the buying volume decreases on tiny up-wave. This is No-Demand.
5) Genuine Supply pressure

While price holds below RFSB level (black line) - the situation is bearish.
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Oleg Alexandrov, market analyst. Find me in Google
  • #4,448
  • Oct 14, 2019 12:34pm Oct 14, 2019 12:34pm
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yes yes yes
  • #4,449
  • Oct 14, 2019 2:19pm Oct 14, 2019 2:19pm
Quoting auricforecas
Might open new dedicated TE for this (in my TS thread)... I see epic times coming, will be confirmed next week... just to be sure... Hope to see you SOUTH!
Ok it was good to re-enter the market today.. I originally aimed for 53.00 as written here, but exited due to too high exposure, entered the trade at too high leverage...
Well still got something... Will wait now a little before I enter again... Seems to be good opportunities atm, but not all of my parameters are aligned that would signal OPTIMAL entry... so until then, I prefer to be on the safe side
Can you afford to take that chance?
  • #4,450
  • Oct 14, 2019 2:29pm Oct 14, 2019 2:29pm
Quoting RobyTurboSS
i was right ...the big Bear is here.{image}
Congrats!

The chart continues to tell me we are going down but something in my heart keeps me cautious! It seems like we should be seeing a risk premium in the market, right? I'm still short but worried about all the happenings in the ME, and the lack of market attention given to it. Can anyone help me rationalize this?
  • #4,451
  • Oct 14, 2019 2:29pm Oct 14, 2019 2:29pm
Quoting RobyTurboSS
i was right ...the big Bear is here.{image}
I prefer the TEDDYbear Because I can shave it off slowly but surely Do not like big bears disrupting the markets... This might be followed (often is) by nasty spikes, rebounds... I prefer a clean OIL SLIDE
Can you afford to take that chance?
  • #4,452
  • Oct 14, 2019 3:51pm Oct 14, 2019 3:51pm
Quoting nastynatty
{quote} Congrats! The chart continues to tell me we are going down but something in my heart keeps me cautious! It seems like we should be seeing a risk premium in the market, right? I'm still short but worried about all the happenings in the ME, and the lack of market attention given to it. Can anyone help me rationalize this?
Retracement over ...we continue down ...next red "spike" in Asian.The Bear called a few friends.

Quoting auricforecas
{quote} I prefer the TEDDYbear Because I can shave it off slowly but surely Do not like big bears disrupting the markets... This might be followed (often is) by nasty spikes, rebounds... I prefer a clean OIL SLIDE
The road is clean ...only down spikes allowed here....the retracement is over. 53.44 now ...52 in Asian .
  • #4,453
  • Oct 14, 2019 4:31pm Oct 14, 2019 4:31pm
Quoting RobyTurboSS
{quote} Retracement over ...we continue down ...next red "spike" in Asian.The Bear called a few friends. {quote} The road is clean ...only down spikes allowed here....the retracement is over. 53.44 now ...52 in Asian .
Starting to understand your posts more RT, keep it up,good analysis can be overlooked by distraction, just make sure you attract, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,454
  • Edited 6:52pm Oct 14, 2019 6:40pm | Edited 6:52pm
If WTI breaks above the $53.60-$53.65 level I'm going long.

UPDATE: I'll probably wait until the SHFE open to make any moves.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4,455
  • Edited Oct 15, 2019 4:28am Oct 14, 2019 8:05pm | Edited Oct 15, 2019 4:28am
My quantitative model predicts a new down "wave" to hit WTI In 6-8 hours ... on London session WTI is targeting 52.
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  • #4,456
  • Oct 14, 2019 8:46pm Oct 14, 2019 8:46pm
Quoting RobyTurboSS
A new down "wave" to hit WTI In 6-8 hours ... on London session WTI is targeting 52.
I agree it's heading lower. I just entered into a short position on fresh session lows.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4,457
  • Oct 14, 2019 8:51pm Oct 14, 2019 8:51pm
Quoting EventsTrader
{quote} I agree it's heading lower. I just entered into a short position on fresh session lows. {image}
You better stay short next 36-48 hours.
  • #4,458
  • Oct 15, 2019 1:32am Oct 15, 2019 1:32am
Preper yourself for 54.51
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yes yes yes
  • #4,459
  • Oct 15, 2019 3:32am Oct 15, 2019 3:32am
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yes yes yes
  • #4,460
  • Edited 4:28am Oct 15, 2019 4:03am | Edited 4:28am
Quoting RobyTurboSS
My quantitative model predicts a new down "wave" to hit WTI In 6-8 hours ... on London session WTI is targeting 52.
Show must go on...everything as planned ...52 on London (much lower on the next stage)... my model is pretty accurate....road to 50 (or lower).... my entries so far....SHORT 54.5, 54.0, 53.5, 53.0, 52.5, 52.0 ...TP 50.0 or close to it...
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