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WTI Crude Oil Trading

  • #4,761
  • Oct 29, 2019 8:41am Oct 29, 2019 8:41am
ANOTHER GOOD CALL
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yes yes yes
  • #4,762
  • Oct 29, 2019 9:24am Oct 29, 2019 9:24am
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yes yes yes
  • #4,763
  • Oct 29, 2019 10:14am Oct 29, 2019 10:14am
that was quick
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yes yes yes
  • #4,764
  • Oct 29, 2019 11:22am Oct 29, 2019 11:22am
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yes yes yes
  • #4,765
  • Oct 29, 2019 11:56am Oct 29, 2019 11:56am
Quoting Moty
{image}
  • #4,766
  • Oct 29, 2019 1:33pm Oct 29, 2019 1:33pm
Quoting sponge
Rabbit in the headlights at the moment Will 55 put the brakes on ?
Brakes went on all right , I think bears will be looking to push for a close below 55.30 which looks like tomor pivot atm
All charts/ideas based on UK time zone
  • #4,767
  • Oct 29, 2019 1:36pm Oct 29, 2019 1:36pm
Quoting sponge
{quote} Brakes went on all right , I think bears will be looking to push for a close below 55.30 which looks like tomor pivot atm
Sponge, taking a peek at the daily, this could be up, if the 21 is anything to judge, will check you message, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,768
  • Oct 29, 2019 1:47pm Oct 29, 2019 1:47pm
Quoting detector
{quote} Sponge, taking a peek at the daily, this could be up, if the 21 is anything to judge, will check you message, D
Peeky Boo

I'm out for now D, had a good day

I recall 55.50 was a sticky in the past so maybe that's the key level but I think sub 55.30 would confirm downside

Good luck
All charts/ideas based on UK time zone
  • #4,769
  • Oct 29, 2019 2:11pm Oct 29, 2019 2:11pm
Quoting auricforecas
{quote} Took a little dip Now waiting for the words from "sky" Fed et al. I'm so Fed up with this blah gridlocks, stalls.... #blahaj
Man this one is one of the most under-harvested trades I have done in a long time It tortured me through the night but when I exited at rather small profit... It dropped (potentially big profit) like a mofo... Anyway, glad to see that at least one market seems to be moving in the direction it is "suppose to" Well am very curious about what happens tomorrow and till the end of this week.. So I will resist the temptation to enter this market right now... Will either re-affirm or reject the SOUTH trajectory by the end of next week, when whatever they are going to do tomorrow or in the next 2-3days.. stabilises, hopefully
Can you afford to take that chance?
  • #4,770
  • Oct 29, 2019 3:02pm Oct 29, 2019 3:02pm
Quoting auricforecas
{quote} Man this one is one of the most under-harvested trades I have done in a long time It tortured me through the night but when I exited at rather small profit... It dropped (potentially big profit) like a mofo... Anyway, glad to see that at least one market seems to be moving in the direction it is "suppose to" Well am very curious about what happens tomorrow and till the end of this week.. So I will resist the temptation to enter this market right now... Will either re-affirm or reject the SOUTH trajectory by the end...
Again it's eluding us, trading opps both ways, on further inspection, over the last few weeks, the daily has been in turmoil not knowing a definitive point, looking at previous points way back on the daily chart, the characteristics have not been followed, the traits have not repeated, boundaries have not been hit but think we can all relate to the structured randomness, with the 1% edge, Chinusa is on the table, the US want to be beneficiaries, need I say what I'm thinking but don't follow me, I'm lost too, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,771
  • Edited 3:40pm Oct 29, 2019 3:13pm | Edited 3:40pm
Quoting detector
{quote} Again it's eluding us, trading opps both ways, on further inspection, over the last few weeks, the daily has been in turmoil not knowing a definitive point, looking at previous points way back on the daily chart, the characteristics have not been followed, the traits have not repeated, boundaries have not been hit but think we can all relate to the structured randomness, with the 1% edge, Chinusa is on the table, the US want to be beneficiaries, need I say what I'm thinking but don't follow me, I'm lost too, D
Quite honestly man... markets are completely out of sync with my price prediction model, at the moment... Hope it settles down... Because otherwise we are looking into one of possible explanations.... model broken or even worse (never/randomly worked - very unlikely but possible)... or the markets are so over-pumped that we will see one BIG DUMP tomorrow... or by the end of the week.. TOPS in a (good) week from now... So we will see soon... Either we will be have problem with either forming C or S corp... in the near future... or with "Can I take your order, sir/madam?"... Atm my price prediction model is either broken or on STALL (awaiting trinity... FED/ECB/BREXIT+TWEETS)... Markets not responding at all... lost connection... So I must admit that this order that I took was rather on the gambling/side (that is why I exited at not so bad profit, with the help of heavy leverage) bit it seemed "obvious" SELL at the time But as you know, "I do not throw darts at a board"... So will wait for market to "come back" to the trajectories of the price prediction model or might better do something else...

EDIT: Also man... I was holding myself back for a long time... since markets were not "working" good.. but I suspect we might see the release of the handbrake by the mid of NOV.. and IF I might be right... we will see some epic trading ahead... in the following 3-6months... But this has to be confirmed... within a week, maybe even in the next few days or if all goes well, tomorrow... we might see the DAWN... So I hope I can demonstrate how my "actual" trading looks like rather soon... With actual meaning... full-power... maximum capacity Would love to show the dynamic of it... I plan to trade heavily... in the next 6m... so till end of APR... so I can sell in MAY and go away

I'm Fed up with this.... ;D
Can you afford to take that chance?
  • #4,772
  • Oct 29, 2019 3:16pm Oct 29, 2019 3:16pm
Awesome! I traded WTI this morning as my Trade of the Day. posted it on twitter. should follow me @therealpsyence

pics of the trade
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peace and love
  • #4,773
  • Oct 29, 2019 4:27pm Oct 29, 2019 4:27pm
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  • #4,774
  • Oct 29, 2019 4:43pm Oct 29, 2019 4:43pm
Quoting darkmorg
Awesome! I traded WTI this morning as my Trade of the Day. posted it on twitter. should follow me @therealpsyence pics of the trade {image} {image}
Or you could follow us, us including you being part of us welcome to the thread, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,775
  • Oct 29, 2019 4:45pm Oct 29, 2019 4:45pm
Quoting timingchain
{image}
TC, them lows getting higher and highs getting higher? whats you view, as always welcomed, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,776
  • Edited 7:52pm Oct 29, 2019 7:39pm | Edited 7:52pm
Quoting detector
{quote} TC, them lows getting higher and highs getting higher? whats you view, as always welcomed, D
We are seeing a possibly brief downtrend that is in a larger uptrend (lows getting higher and highs getting higher) that is in a larger downtrend.

The wedge has existed since June--PA has to break out sometime, or maybe just wander out sideways.

I would do nothing in this situation except scalping.

EDIT
IMO, chaotic behavior started in July and is still present. Look at the 2 MAs--they show no trend.
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  • #4,777
  • Oct 29, 2019 7:45pm Oct 29, 2019 7:45pm
Quoting timingchain
{quote} We are seeing a possibly brief downtrend that is in a larger uptrend (lows getting higher and highs getting higher) that is in a larger downtrend. The wedge has existed since June--PA has to break out sometime, or maybe just wander out sideways. I would do nothing in this situation except scalping. {image}
I agree with taking profits while you have them in this market. While WTI looksl ike it's heading lower, as timingchain said, it's still in a longer term upward trend.

Just hit fresh session lows.
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Trying to take what the market gives me. Watch out with the SHFE open in 15 mins.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #4,778
  • Oct 29, 2019 10:44pm Oct 29, 2019 10:44pm
now b/w x two lines----> expectation, trading in range for countable time.
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each day 10%,,,, https://www.forexfactory.com/thread/1371538
  • #4,779
  • Oct 29, 2019 11:41pm Oct 29, 2019 11:41pm
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yes yes yes
  • #4,780
  • Oct 30, 2019 12:15am Oct 30, 2019 12:15am
WTI IGNORES UPBEAT API DATA AMID FRESH RISK AVERSION WAVE
30 October 2019, 04:48

 

  1. WTI stays below 100-day SMA despite weaker than previous API stockpiles report.
  2. Markets turn risk-averse ahead of the key events.
  3. Doubts over US-China trade deal, Brexit and US-Turkey play weigh on sentiment.

With the doubts over energy demand and the market’s caution ahead of the key data/event challenging private inventory data, WTI declines to intra-day low of $55.35 during Wednesday’s Asian session.
Prices slipped beneath 100-day Simple Moving Average (SMA) on Tuesday after doubts over the US-China meeting in Chile were resurfaced by Reuters. The reasons spotted include geopolitical tension and fire. Though, the losses were limited by the weekly Crude Oil Stock report from the American Petroleum Institute (API) survey. The report said that the inventory figure for the week ended on October 25 dropped from 4.45 million barrels to 0.592 million barrels.
However, buyers fail to return as China’s objection to the United States’ (US) stand on Xinjiang adds uncertainty to the US-China trade deal. Further, the US House of Representatives recently backed legislation to levy harsh sanctions on Turkey over its offensive in Syria, which in turn added weigh to the market’s risk-tone.
Additionally, investors remain cautious to challenge the energy benchmark’s decline below key SMA as the market’s turn risk-averse before the key central bank meetings and the US Gross Domestic Product (GDP) data.
While macro headlines and the heavy economic/event rush will keep Oil traders entertained, official US inventory data for the week ended on October 25, the Energy Information Administration (EIA) Crude Oil Stocks Change, will also be crucial to watch. Forecasts suggest +0.729 million barrels of prints to follow -1.699 million barrels prior.

Technical Analysis
Not only a 100-day SMA level near $56.00 but the monthly top of $57.00 will also question the quote’s rise. On the downside, an upward sloping trend line since October 10 around $54.20 will be the key support to watch.

persistence and determination alone are omnipotent
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