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WTI Crude Oil Trading

  • #4,461
  • Edited 5:05am Oct 15, 2019 4:09am | Edited 5:05am
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yes yes yes
  • #4,462
  • Oct 15, 2019 6:14am Oct 15, 2019 6:14am
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yes yes yes
  • #4,463
  • Oct 15, 2019 7:35am Oct 15, 2019 7:35am
REVARSE H&S 2ND TIME
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yes yes yes
  • #4,464
  • Oct 15, 2019 11:44am Oct 15, 2019 11:44am
Been a little distracted, clouded judgement, hopefully back in the game, in long WTI 53.52, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,465
  • Oct 15, 2019 12:16pm Oct 15, 2019 12:16pm
Quoting detector
Been a little distracted, clouded judgement, hopefully back in the game, in long WTI 53.52, D

I have found that using a very simple system on longer timeframes and not listening to others predictions of where price is going works best for me. Less stress or second guessing trades.
  • #4,466
  • Oct 15, 2019 12:45pm Oct 15, 2019 12:45pm
NZD data is to boost WTI below 52 ,on Asian session.Follow the white rabbit.
  • #4,467
  • Oct 15, 2019 3:26pm Oct 15, 2019 3:26pm
Have the 4hr on a rising trendline, (as I did with gold and it failed support) past price has bounced, (largest of lower wicks being 70-100+ pip drops) candle formations have been bullish, may see this reoccur at this junction with cause to rise,(not my preferred position) the chart is showing the way, good luck all D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,468
  • Oct 15, 2019 3:52pm Oct 15, 2019 3:52pm
Entered WTI short today quite a few times.. but puss... out too fast Well yeah, not a joke at that high leverage... Will reduce the leverage in future trades... But since it was above 53.00 it almost felt like a "sure thing"... yeah, took the risk Still south, but will wait for the week... This risk exposure exhausted the shit out of me
Can you afford to take that chance?
  • #4,469
  • Oct 15, 2019 4:24pm Oct 15, 2019 4:24pm
Quoting deuce
{quote} I have found that using a very simple system on longer timeframes and not listening to others predictions of where price is going works best for me. Less stress or second guessing trades.
Deuce, been guilty, nothing personnel to anyone, sometimes we could assume the more long then it's long, same short, I have expressed in the past when we are at opposites, it's a hard call as someone could be loosing and it doesn't sit well, the posters have some great analysis, call it very many times, I like when we're in harmony, the only thing I draw when we're not is awareness, gold called me out yesterday, it was a double shout long or short, but short, (my bias) took the prize, my theory here though, is its being sold for entry, RT is using a cycle theory/system, if I can relate to such a theory, gold is rising on the daily, (pullback in play) the inner cycles have completed on some levels but not all, this is part of a pullback, the 4hr is the only one not playing, it's deviating down when it should be up, if we're having a correction, a further fall and it makes sense, but current climate does not warrant, hence, my conspiracy theory, just my opinion, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,470
  • Oct 15, 2019 7:22pm Oct 15, 2019 7:22pm
Quoting detector
Been a little distracted, clouded judgement, hopefully back in the game, in long WTI 53.52, D
Personally I don't see oil retracing upward like I thought it would earlier. It seems ready for a leg lower now.
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  • #4,471
  • Oct 15, 2019 7:40pm Oct 15, 2019 7:40pm
Quoting auricforecas
Entered WTI short today quite a few times.. but puss... out too fast Well yeah, not a joke at that high leverage... Will reduce the leverage in future trades... But since it was above 53.00 it almost felt like a "sure thing"... yeah, took the risk Still south, but will wait for the week... This risk exposure exhausted the shit out of me
Low leverage + portfolio diversity + multiple entries on single instrument to get an avg entry price better than a single entry(market is always gonna surprise you)+patience = long term results with zero stress.
High leverage + single entry = account burner & stress. There is no shortcut to success.Banks know that.
For example right now i have a sell avg entry price on GBPUSD @ 1.2600 with 150 pips draw (GBPUSD is 1.2750 right now) but this have zero effect on me....in 96 hours GBPUSD will dive and i'll get back my money with interests.I focus on my targets and not on my draws.
  • #4,472
  • Oct 16, 2019 1:48am Oct 16, 2019 1:48am
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yes yes yes
  • #4,473
  • Oct 16, 2019 5:49am Oct 16, 2019 5:49am
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persistence and determination alone are omnipotent
  • #4,474
  • Oct 16, 2019 5:52am Oct 16, 2019 5:52am
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persistence and determination alone are omnipotent
  • #4,475
  • Oct 16, 2019 6:58am Oct 16, 2019 6:58am
Quoting detector
{quote} Deuce, been guilty, nothing personnel to anyone, sometimes we could assume the more long then it's long, same short, I have expressed in the past when we are at opposites, it's a hard call as someone could be loosing and it doesn't sit well, the posters have some great analysis, call it very many times, I like when we're in harmony, the only thing I draw when we're not is awareness, gold called me out yesterday, it was a double shout long or short, but short, (my bias) took the prize, my theory here though, is its being sold for entry, RT...

I know where you are coming from. The hard part of trading pullbacks is if it is too deep you begin to wonder if it is actually the beginning of a trend change. Gold is just too hard for me to trade. It is sentiment driven and can change at any time. Oil is much easier for me.
  • #4,476
  • Oct 16, 2019 6:58am Oct 16, 2019 6:58am
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yes yes yes
  • #4,477
  • Oct 16, 2019 7:40am Oct 16, 2019 7:40am
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persistence and determination alone are omnipotent
  • #4,478
  • Oct 16, 2019 8:26am Oct 16, 2019 8:26am
Short term buy opportunity inside the correction:

WTI 4H:
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Can buy the break out or watch it if goes to touch the low first
WTI 1H:
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Not a good trade though

.
We can't control the sea, but we can learn how to surf the waves.
  • #4,479
  • Oct 16, 2019 8:27am Oct 16, 2019 8:27am
Going below 52 in a few hours...patience brothers Bears.
Bear Power
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  • #4,480
  • Oct 16, 2019 9:02am Oct 16, 2019 9:02am
#oil is perfectly balanced. In case of breakdown S2, expect support from S1.
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Oleg Alexandrov, market analyst. Find me in Google
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