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WTI Crude Oil Trading

  • #4,721
  • Oct 25, 2019 9:54am Oct 25, 2019 9:54am
market is to choppy for me i am done for today at least for WTI.
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persistence and determination alone are omnipotent
  • #4,722
  • Oct 25, 2019 9:59am Oct 25, 2019 9:59am
Quoting Ll1979
market is to choppy for me i am done for today at least for WTI. {image}

Plenty of supply at 56.20 keeping a cap on it.
  • #4,723
  • Oct 25, 2019 10:09am Oct 25, 2019 10:09am
Quoting deuce
{quote} Plenty of supply at 56.20 keeping a cap on it.
above chart had 4 min bars chopping 40 ticks up and down makes me nervous
persistence and determination alone are omnipotent
  • #4,724
  • Oct 25, 2019 1:24pm Oct 25, 2019 1:24pm
Quoting sponge
4 Hour, I think we are short below 56 but it's been playing leap frog lately {image}
Did it again ha

Still croacking
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All charts/ideas based on UK time zone
  • #4,725
  • Oct 25, 2019 1:26pm Oct 25, 2019 1:26pm
Did you get mail Sponge, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,726
  • Oct 25, 2019 1:35pm Oct 25, 2019 1:35pm
Quoting detector
Did you get mail Sponge, D
Message received
All charts/ideas based on UK time zone
  • #4,727
  • Oct 25, 2019 1:37pm Oct 25, 2019 1:37pm
Quoting sponge
{quote} Did it again ha Still croacking {image}
A short at or above 57.50
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,728
  • Edited 1:56pm Oct 25, 2019 1:37pm | Edited 1:56pm
bias is still bullish. now looking like 60 may be back on the cards in the upcoming weeks. a sizable pull back next week would be welcomed
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  • #4,729
  • Oct 25, 2019 1:54pm Oct 25, 2019 1:54pm
Quoting detector
{quote} A short at or above 57.50
Well I suspect a lot of shorters are licking their wounds (me included)

This kind of market appears now and again and just ignores all indi's

I still think limited upside, 57.30 if it goes is my next hurdle for the bulls

At times like this I wish I wasn't a slave to my indi's

I wish some of the guys who trade market profile, patterns,price, sentiment, Elliot Wave ect would post on here instead of all over the place on FF.

Don't want much do I ? ha

Have a great week end
All charts/ideas based on UK time zone
  • #4,730
  • Oct 25, 2019 2:04pm Oct 25, 2019 2:04pm
Quoting sponge
{quote} Well I suspect a lot of shorters are licking their wounds (me included) This kind of market appears now and again and just ignores all indi's I still think limited upside, 57.30 if it goes is my next hurdle for the bulls At times like this I wish I wasn't a slave to my indi's I wish some of the guys who trade market profile, patterns,price, sentiment, Elliot Wave ect would post on here instead of all over the place on FF. Don't want much do I ? ha Have a great week end
Can agree there, I was caught too, trouble is with overbought or over sold conditions indis aRE skewed, best close, then re-enter, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,731
  • Oct 25, 2019 5:30pm Oct 25, 2019 5:30pm
Quoting sponge
{quote} Well I suspect a lot of shorters are licking their wounds (me included) This kind of market appears now and again and just ignores all indi's I still think limited upside, 57.30 if it goes is my next hurdle for the bulls At times like this I wish I wasn't a slave to my indi's I wish some of the guys who trade market profile, patterns,price, sentiment, Elliot Wave ect would post on here instead of all over the place on FF. Don't want much do I ? ha Have a great week end
Man, I must say that this WTI Crude going in the direction that is surprising for me also... I will give it a week, next week will be specially interested with some many big events combined that it might not be so representable but the week after that... So about 2weeks from now.. If it will still be rising, I might seriously re-analyse it
Can you afford to take that chance?
  • #4,732
  • Oct 25, 2019 7:16pm Oct 25, 2019 7:16pm
WTI Dec -- end of week, with blue action lines crossed in the advance.
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  • #4,733
  • Oct 26, 2019 2:40am Oct 26, 2019 2:40am
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yes yes yes
  • #4,734
  • Oct 26, 2019 3:10am Oct 26, 2019 3:10am
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persistence and determination alone are omnipotent
  • #4,735
  • Oct 27, 2019 6:09am Oct 27, 2019 6:09am
Quoting auricforecas
{quote} Man, I must say that this WTI Crude going in the direction that is surprising for me also... I will give it a week, next week will be specially interested with some many big events combined that it might not be so representable but the week after that... So about 2weeks from now.. If it will still be rising, I might seriously re-analyse it
Well I'll be looking for that elusive sell signal early next week
All charts/ideas based on UK time zone
  • #4,736
  • Oct 27, 2019 6:20am Oct 27, 2019 6:20am
I have a time line to turn the market for 29th/30th next week but I think it could go earlier may even be Monday 28th ....spooky

Good luck
All charts/ideas based on UK time zone
  • #4,737
  • Oct 27, 2019 8:22am Oct 27, 2019 8:22am
The daily is still under the 200ma it seems the cycle of hitting the outer boundaries has not confirmed an uptrend is warranted, possible repeat scenario of previous circled areas, should it break the 200ma the next stop could be 65, however think this could still be in a downtrend, a possible confirmation could be a spike to the rising res line (white 58.70-59.00) then fall back, have to wonder what's driving this, we seen a blip not so long ago with tensions around the world, now things have simmered, what else could arise as the force behind it, or a total rouse, either way good trading opps arising, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #4,738
  • Oct 27, 2019 8:37am Oct 27, 2019 8:37am
Quoting sponge
I have a time line to turn the market for 29th/30th next week but I think it could go earlier may even be Monday 28th ....spooky Good luck
Looking at the PB with 21 Sponge, expect this to rise, (indis oscillating) or a bull trap to move down, in the scheme of things, cannot see why, maybe a last ditched attempt maybe, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,739
  • Oct 27, 2019 5:57pm Oct 27, 2019 5:57pm
Look at this 60M chart. There's some serious momentum here and oil prices seem like they want to continue the recent rally-mode.
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It's tough to be a buyer at these levels, and we are getting back to where oil prices were before the drone strike on the Saudis. Most Bloomberg economists have a year-end prediction on CME crude at around $56.
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There's a lot going on this week on the calendar and we should see some heavy volatility in oil, and across asset classes. I'm sitting tight for now. Good luck out there!
We must learn who is gold, and who is gold plated
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  • #4,740
  • Oct 27, 2019 7:19pm Oct 27, 2019 7:19pm
Quoting EventsTrader
Look at this 60M chart. There's some serious momentum here and oil prices seem like they want to continue the recent rally-mode. {image} It's tough to be a buyer at these levels, and we are getting back to where oil prices were before the drone strike on the Saudis. Most Bloomberg economists have a year-end prediction on CME crude at around $56. {image} There's a lot going on this week on the calendar and we should see some heavy volatility in oil, and across asset classes. I'm sitting tight for now. Good luck out there!
EvT, the irony is, all seems to be a sell but in agreement of the buy side, without any reason it's going north, strange, bloomberg interview (video, awash with oil) seemed a little conflicting, but it made a little sense, the US want control of the price, with no support for OPEC, a free market, we can expect the price to be just above free, be prepared, I'm getting myself in territory I'm out of my depth with, namely fundamental, the thread however has a department for fundamentals, maybe we could hear more, D
I don't need to be good at the game, only good enough to beat my opponent,
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