WTI Crude Oil Trading | Page 228 | 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

  • #4,541
  • Oct 17, 2019 1:10am Oct 17, 2019 1:10am
Quoting RobyTurboSS
{quote} As i was expecting ...the explosive wave formation generated last 3 days by GBPUSD + GBPJPY +GBPAUD did the dirty job ,triggering the market....now everybody will follow.BEAR PARTYYYY{image}
Looking forward to the bun fight RT, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,542
  • Oct 17, 2019 1:12am Oct 17, 2019 1:12am
Quoting Ll1979
{quote} Perhaps bigger cuts might do the trick plotted last rates cuts (virtical lines) against US Dollar index only 1 august made an impact. {image}
Yeah, but they were just teasing and still resisting strongly to Trump... Also ECB was happy to follow anything... couldn't wait...
We will see if that remains.. I do not know what will happen but I am very focused at the end of OCT... curious what might happen... Suspect something defining for the next 3-6months after... So either re-confirmation or rejection of current trend(s)s of some market(s) at least... for the next half a year... after.
Can you afford to take that chance?
  • #4,543
  • Oct 17, 2019 1:15am Oct 17, 2019 1:15am
Quoting detector
{quote} Looking forward to the bun fight RT, D
This new market down wave will last minimum a week from now and will involve minimum 90% of the market ...every instrument with his own timing.... only GOLD will shine ...i expect a drop of 5% -10% on most market instruments
  • #4,544
  • Oct 17, 2019 1:22am Oct 17, 2019 1:22am
Quoting RobyTurboSS
{quote} This new market down wave will last minimum a week from now and will involve minimum 90% of the market ...every instrument with his own timing.... only GOLD will shine ...i expect a drop of 5% -10% on most market instruments
Reassuring to know, opened sell on Dow, too, could just be opportunist about it, will see, if the fall is deep may get a chance to run, Friday close though is Friday close, good call all round, judging as to what happens in the next 24hrs RT, you will be reaching "Guru" status, that means you cannot leave the thread until your superseded by another, could be 1000 years D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,545
  • Oct 17, 2019 1:22am Oct 17, 2019 1:22am
Crude oil futures lower amid bearish API data, growth concerns
Crude oil futures were lower during mid-morning trade in Asia Thursday amid a bearish report on last week's US crude inventory, while ongoing global growth concerns continued to provide downside pressure to prices.
At 10:48 am in Singapore (0248 GMT), ICE Brent December futures were down 38 cents/b (0.64%) from Wedneday's settle at $59.04/b, while the NYMEX November light sweet crude futures contract was 42 cents/b (0.79%) lower at $52.94/b.
According to analyst reports, quoting data released by the American Petroleum Institute on Wednesday, US crude inventory for the week ended October 11 rose 10 million barrels.
The API report, was delayed by one day this week as a result of Monday's Columbus Day holiday.
Analysts surveyed Tuesday by S&P Global Platts on the other hand were looking for a smaller build in US crude stocks by 4 million barrels for the same period.
More definitive data on last week's US crude and product inventory level is due for release from the US Energy Information Administration later Thursday.
Meanwhile, trade related and geopolitical risks continue to dominate in setting the direction for crude prices, analysts said.
"Lost in all of the macro-economic fear trade is the fact that geo-political risk remains high," Price Futures Group senior market analyst Phil Flynn said.
The US and China greed to a partial trade deal last week, which includes purchases of about $40 billion-$50 billion worth of American agricultural products by China.
"On the trade front, there were mixed messages. Doubt emerged as to whether China could physically purchase as much agriculture products as suggested by the US," ANZ analysts said in a note Thursday.
"President Trump also said that the phase one deal probably won't be signed until a meeting with President Xi at the November APEC summit in Chile," they added.
As of 0248 GMT, the US Dollar Index was down0.01% at 97.715.
--Avantika Ramesh, [email protected]
persistence and determination alone are omnipotent
  • #4,546
  • Oct 17, 2019 1:25am Oct 17, 2019 1:25am
Quoting RobyTurboSS
And BOOOOOOOM ...officially we are in THE BEARISH CYCLE ....we gonna celebrate next week ...BEARSSSSS COME OUTSell as much as you can!!!!!54.65 at the BID on the official entry in bearish cycle.MARK MY WORDS and check this post in 3 days.
WTI anticipated ,then went flat waiting the entire market to follow the move...GOLD will rally today ,is 1491+ right now.
  • #4,547
  • Oct 17, 2019 1:29am Oct 17, 2019 1:29am
Quoting detector
{quote} Reassuring to know, opened sell on Dow, too, could just be opportunist about it, will see, if the fall is deep may get a chance to run, Friday close though is Friday close, good call all round, judging as to what happens in the next 24hrs RT, you will be reaching "Guru" status, that means you cannot leave the thread until your superseded by another, could be 1000 years D
My goal is to take some money from the market ..."all of us"
  • #4,548
  • Oct 17, 2019 1:31am Oct 17, 2019 1:31am
NASDAQ could lose 500+ points... everything will drop 5-10% in a 5-10 days timeframe
  • #4,549
  • Oct 17, 2019 1:34am Oct 17, 2019 1:34am
Quoting RobyTurboSS
{quote} My goal is to take some money from the market ..."all of us"
I'm not complainingD
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,550
  • Oct 17, 2019 1:38am Oct 17, 2019 1:38am
I'll give the exit signal when the entire move will be exhausted ...till then, enjoy...we are with the smart money this time,nothing bad can happen
  • #4,551
  • Oct 17, 2019 2:26am Oct 17, 2019 2:26am
Quoting RobyTurboSS
NASDAQ could lose 500+ points... everything will drop 5-10% in a 5-10 days timeframe
This week?next week? Why that much? What is the driver?

Market usually moves with news, the news that people use as excuse to manipulate the market
  • #4,552
  • Oct 17, 2019 2:30am Oct 17, 2019 2:30am
Quoting RobyTurboSS
And BOOOOOOOM ...officially we are in THE BEARISH CYCLE ....we gonna celebrate next week ...BEARSSSSS COME OUTSell as much as you can!!!!!54.65 at the BID on the official entry in bearish cycle.MARK MY WORDS and check this post in 3 days.
That was a helluva call RobyTurboSS!

Quoting RobyTurboSS
I'll give the exit signal when the entire move will be exhausted ...till then, enjoy...we are with the smart money this time,nothing bad can happen
  • #4,553
  • Oct 17, 2019 5:43am Oct 17, 2019 5:43am
Quoting RobyTurboSS
NASDAQ could lose 500+ points... everything will drop 5-10% in a 5-10 days timeframe
Today, we have the news of Brexit as a driver that push GBP, DAX, SP and Dow up.

"Fortunately", it starts to fade, but is it a bull trap? Or some upward pressure got to be released before the next up wave?

Is it still fitting your model?
  • #4,554
  • Oct 17, 2019 7:20am Oct 17, 2019 7:20am
Quoting luckyvictor
{quote} Today, we have the news of Brexit as a driver that push GBP, DAX, SP and Dow up. "Fortunately", it starts to fade, but is it a bull trap? Or some upward pressure got to be released before the next up wave? Is it still fitting your model?
My model is perfect.. i had problems with timing but is 100% accurate...everything is going 5-10% down except for GOLD and a few as EURGBP etc...but 90% of the market is crashing short term for next 5-10 days.
  • #4,555
  • Oct 17, 2019 7:43am Oct 17, 2019 7:43am
Quoting RobyTurboSS
GBP gave the signal few minutes ago ...everything is heading SOUTH today ... no way to turning back.{image}
Bull waiting on WTI
Attached Image (click to enlarge)
Click to Enlarge Name: bull.jpg Size: 24 KB
  • #4,556
  • Oct 17, 2019 8:10am Oct 17, 2019 8:10am
This thread sure has been entertaining to follow lately.
  • #4,557
  • Oct 17, 2019 8:19am Oct 17, 2019 8:19am
Quoting deuce
This thread sure has been entertaining to follow lately.
Been on here for a while, some very good posters came and gone though, would be good to see them back,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,558
  • Oct 17, 2019 8:41am Oct 17, 2019 8:41am
Hi guys!
Just something for consideration
Compare the patterns here, is it forming a correction for another sharp move down?
And finishing a big ABC correction?
WTI 4H:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 122 KB


I copy the candles from here:
WTI 4H:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 93 KB


And place it here:
WTI 4H:
Attached Image


As you can see it getting near to the imaginary line I drew based on Fibs levels:
WTI Daily:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 102 KB


A big ABC correction
Like this:
WTI Daily:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 125 KB


Glad to know what do you think
We can't control the sea, but we can learn how to surf the waves.
  • #4,559
  • Oct 17, 2019 8:51am Oct 17, 2019 8:51am
Quoting aariapoor
Hi guys! Just something for consideration Compare the patterns here, is it forming a correction for another sharp move down? And finishing a big ABC correction? WTI 4H: {image} I copy the candles from here: WTI 4H: {image} And place it here: WTI 4H: {image} As you can see it getting near to the imaginary line I drew based on Fibs levels: WTI Daily: {image} A big ABC correction Like this: WTI Daily: {image} Glad to know what do you think
A Daily cleaner view:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 64 KB
We can't control the sea, but we can learn how to surf the waves.
  • #4,560
  • Oct 17, 2019 9:05am Oct 17, 2019 9:05am
Quoting aariapoor
{quote} A Daily cleaner view: {image}
Great analysis aariapoor, D
I don't need to be good at the game, only good enough to beat my opponent,
5 traders viewing now