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WTI Crude Oil Trading

  • #4,821
  • Nov 1, 2019 1:32pm Nov 1, 2019 1:32pm
Quoting sponge
A very bullish day it kinda kicks my bearish bias in the nuts ha that's it for me Good luck
Sponge, was just a matter of time I thought, PB, 21 was under on the 4hr giving the bullish tone, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,822
  • Nov 1, 2019 2:19pm Nov 1, 2019 2:19pm
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yes yes yes
  • #4,823
  • Nov 1, 2019 3:43pm Nov 1, 2019 3:43pm
WTI, in order to make the cycle, would need to hit 58+ on the 4hr, if this completes, I see a weekly pullback from a short perspective, all being equal the fall could resume, the only fly in the ointment is the yellow 200ma, we are above on the 4hr but below on the daily, PS if it goes beyond, the daily is 64+, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #4,824
  • Nov 1, 2019 7:08pm Nov 1, 2019 7:08pm
Although it seemed to be lowered until yesterday, it has been raised. Both daily and 4-hour legs are likely to increase next week.
However, the daily price seems to be limited.

As you can see from my trading results, I shorted yesterday and suffered a stop loss.
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Ninja trader Return This Year: na
  • #4,825
  • Nov 2, 2019 2:38am Nov 2, 2019 2:38am
Inserted Video
persistence and determination alone are omnipotent
  • #4,826
  • Nov 2, 2019 3:51am Nov 2, 2019 3:51am
Quoting detector
{quote} Sponge, was just a matter of time I thought, PB, 21 was under on the 4hr giving the bullish tone, D
News driven I think
All charts/ideas based on UK time zone
  • #4,827
  • Nov 2, 2019 4:50am Nov 2, 2019 4:50am
Quoting sponge
{quote} News driven I think
Wti followed equity i guess
persistence and determination alone are omnipotent
  • #4,828
  • Nov 3, 2019 1:08am Nov 3, 2019 1:08am
Quoting detector
WTI, in order to make the cycle, would need to hit 58+ on the 4hr, if this completes, I see a weekly pullback from a short perspective, all being equal the fall could resume, the only fly in the ointment is the yellow 200ma, we are above on the 4hr but below on the daily, PS if it goes beyond, the daily is 64+, D {image}
may i know what ur setting for white and yellow ma ?
  • #4,829
  • Nov 3, 2019 3:15am Nov 3, 2019 3:15am
Quoting Ll1979
{quote} Wti followed equity i guess
I think there is some correlation but not sure

Not trading these just some thoughts on the indices

Naz breaking resistance at 3053 could pullback, support 2984 negative below, longer term upside target 3300 area, resistance 3157,3265.

Dow resistance 27423, support 27014 negative below, longer term target 29520/30500 resistance 2846, 29520

Still slightly negative on WTI but that move on Friday has the bears sat nav "recalculating" ha....resistance 56.48 / 57.78 if it goes

Just me 2p

Good luck
All charts/ideas based on UK time zone
  • #4,830
  • Nov 3, 2019 5:25am Nov 3, 2019 5:25am
A new Green Arrow on the H4 chart.
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Still inside the wedge on the D1 chart.
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  • #4,831
  • Nov 3, 2019 6:39am Nov 3, 2019 6:39am
Quoting sponge
{quote} I think there is some correlation but not sure Not trading these just some thoughts on the indices Naz breaking resistance at 3053 could pullback, support 2984 negative below, longer term upside target 3300 area, resistance 3157,3265. Dow resistance 27423, support 27014 negative below, longer term target 29520/30500 resistance 2846, 29520 Still slightly negative on WTI but that move on Friday has the bears sat nav "recalculating" ha....resistance 56.48 / 57.78 if it goes Just me 2p Good luck
Sponge, great analysis, I'm just chancing on the 50/50 with the cuts it could go higher, reading news the other day the comment was on what the fed have in their arsenal, but slowly leaking out with ways of stimulation, seems the air in the balloon could be running out but even less to go back in, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #4,832
  • Nov 3, 2019 9:00am Nov 3, 2019 9:00am
#WTI / H4 / Four Ideas
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  • #4,833
  • Nov 3, 2019 9:55am Nov 3, 2019 9:55am
Getting near the end? Near record market capitalization.
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  • #4,834
  • Nov 3, 2019 1:35pm Nov 3, 2019 1:35pm
is trading WTI CFD's a bad idea? whats a good trusted broker for it?
  • #4,835
  • Edited Nov 4, 2019 3:56am Nov 3, 2019 3:13pm | Edited Nov 4, 2019 3:56am
Quoting forexvert
is trading WTI CFD's a bad idea? whats a good trusted broker for it?
CFDs can be a great entry point in trading oil. Compared to futures it's relative cheap but it comes with a price (larger spead, overnight financing(spot cfds)).

For a broker look at:

FCA regulation
FSCS compensation and you'll be good
persistence and determination alone are omnipotent
  • #4,836
  • Nov 3, 2019 9:53pm Nov 3, 2019 9:53pm
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yes yes yes
  • #4,837
  • Edited 7:42am Nov 4, 2019 6:04am | Edited 7:42am
First tp reached.
Time to short , resistance zone
56.95 daily R1
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yes yes yes
  • #4,838
  • Nov 4, 2019 10:46am Nov 4, 2019 10:46am
Managed to scrape 30 points out of this market today, still not convince with the uptrend but hey ho

57.78 to cap it but....
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All charts/ideas based on UK time zone
  • #4,839
  • Nov 4, 2019 11:20am Nov 4, 2019 11:20am
Quoting sponge
Managed to scrape 30 points out of this market today, still not convince with the uptrend but hey ho 57.78 to cap it but.... {image}
the only thing that counts is your private island Sponge
persistence and determination alone are omnipotent
  • #4,840
  • Nov 4, 2019 11:48am Nov 4, 2019 11:48am
WTI has been on a tear. Right now I'm eyeing the Crude CME front month to see if it can hold above the $57 handle. It's testing right now.
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