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WTI Crude Oil Trading

  • #4,801
  • Oct 31, 2019 1:39pm Oct 31, 2019 1:39pm
Quoting luckyvictor
{quote} Right now I bought at 53.70, will short if the price action looks good around 55.10
Looks like a good trade LV

I'm short longer term (for now), looking to short pullbacks critical level 54.25 for the bears
All charts/ideas based on UK time zone
  • #4,802
  • Oct 31, 2019 1:48pm Oct 31, 2019 1:48pm
Will buy on Asian session if H4 still support it
Attached Image
That which does not kill us makes us stronger
  • #4,803
  • Oct 31, 2019 1:52pm Oct 31, 2019 1:52pm
Quoting sponge
Anyone thinking short ? Possible target 53.30 area 54.20+ would change view
For now I am net short. I usually have both long and short positions in play as a partial hedge to cash in on retracements.
  • #4,804
  • Edited 2:43pm Oct 31, 2019 2:20pm | Edited 2:43pm
Quoting deuce
{quote} For now I am net short. I usually have both long and short positions in play as a partial hedge to cash in on retracements.
Hi deuce, I'm thinking sell pullbacks for now but longer term I think we could be looking at a fair old drop

Could be wrong of course

Edit: closed short term trade ....need a sleep
All charts/ideas based on UK time zone
  • #4,805
  • Oct 31, 2019 2:53pm Oct 31, 2019 2:53pm
Quoting sponge
{quote} Hi deuce, I'm thinking sell pullbacks for now but longer term I think we could be looking at a fair old drop Could be wrong of course Edit: closed short term trade ....need a sleep

A hard drop to 50-52 is a real possibility. Wouldn't surprise me at all. I don't predict though, just react to what the market does.

If it goes down I will close some of my shorts and add to my longs. I'll do the opposite if crude goes higher.
  • #4,806
  • Oct 31, 2019 4:10pm Oct 31, 2019 4:10pm
WTI: 54 seems to be the new 55. Overnight activity may be inconclusive for Friday action.
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  • #4,807
  • Oct 31, 2019 4:31pm Oct 31, 2019 4:31pm
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persistence and determination alone are omnipotent
  • #4,808
  • Oct 31, 2019 9:01pm Oct 31, 2019 9:01pm
Quoting moneymove
Will buy on Asian session if H4 still support it {image}
closed buy, and start sell for scalp

H1 seems good for sell:
Attached Image
That which does not kill us makes us stronger
  • #4,809
  • Nov 1, 2019 2:18am Nov 1, 2019 2:18am
Quoting moneymove
{quote} closed buy, and start sell for scalp H1 seems good for sell: {image}
Add some sell near daily Pivot. Price turned exactly at Daily PP (yellow dotted line).
Will close half pos near yesterday low (blue box) and let the other half ride with trailling stop

M15
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That which does not kill us makes us stronger
  • #4,810
  • Nov 1, 2019 2:37am Nov 1, 2019 2:37am
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yes yes yes
  • #4,811
  • Nov 1, 2019 3:40am Nov 1, 2019 3:40am
Quoting deuce
{quote} A hard drop to 50-52 is a real possibility. Wouldn't surprise me at all. I don't predict though, just react to what the market does. If it goes down I will close some of my shorts and add to my longs. I'll do the opposite if crude goes higher.
Sounds like you are always in the market ?
All charts/ideas based on UK time zone
  • #4,812
  • Nov 1, 2019 4:07am Nov 1, 2019 4:07am
Quoting sponge
{quote} Looks like a good trade LV I'm short longer term (for now), looking to short pullbacks critical level 54.25 for the bears
I'm still bearish but it looks like volume is supporting upside at the moment
All charts/ideas based on UK time zone
  • #4,813
  • Nov 1, 2019 6:42am Nov 1, 2019 6:42am
Quoting sponge
{quote} Looks like a good trade LV I'm short longer term (for now), looking to short pullbacks critical level 54.25 for the bears
I have closed one of my long position at 54.40, still have another with target 54.50, it may not hit, but will see when US market open.

When the price is high enough and buying power decrease, I will be buy in the short side, looking 53 TP.

Today we have non farm pay roll, unemployment and manufacturing PMI, could be very unpredictable.

Hoping to see more opinions from different angles of analysis
  • #4,814
  • Nov 1, 2019 7:55am Nov 1, 2019 7:55am
Quoting sponge
{quote} Sounds like you are always in the market ?

I usually am. For my style of trading the key to making consistent profits is all about managing positions.
  • #4,815
  • Nov 1, 2019 11:33am Nov 1, 2019 11:33am
Break or fake ?
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All charts/ideas based on UK time zone
  • #4,816
  • Nov 1, 2019 11:51am Nov 1, 2019 11:51am
Quoting sponge
Break or fake ? {image}
I think break out
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  • #4,817
  • Nov 1, 2019 11:57am Nov 1, 2019 11:57am
Quoting ChopinTrader
{quote} I think break out{image}
I think it's in a channel 55.43/10
All charts/ideas based on UK time zone
  • #4,818
  • Nov 1, 2019 12:26pm Nov 1, 2019 12:26pm
A very bullish day it kinda kicks my bearish bias in the nuts ha

that's it for me

Good luck
All charts/ideas based on UK time zone
  • #4,819
  • Nov 1, 2019 12:30pm Nov 1, 2019 12:30pm
expecting 57/58 next week. big bullish daily candle forming. lets see how the day/week ends
  • #4,820
  • Nov 1, 2019 12:32pm Nov 1, 2019 12:32pm
united states baker hughes us oil rig count down to 691 from previous 696
persistence and determination alone are omnipotent
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