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WTI Crude Oil Trading

  • #5,241
  • Nov 27, 2019 5:42am Nov 27, 2019 5:42am
XTI since (25 Nov 20:15) my last oil graph 40h ago:
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  • #5,242
  • Nov 27, 2019 5:56am Nov 27, 2019 5:56am
Price/Vol method varies a lot during the day.
I fancy intraday, but historical data need to be kept in mind as well (as I talk about a lot in my Tug of war and been testing the optimal a lot)

Let' say there was a huge gap yesterday, do I then totally ignore it and trades only intraday? etc etc..
That's why I'm looking into many timeframes, because of let's say on yearly chart, monthly, weekly that there are all different, what then? what do you value the most?, etc
So you don't get caught off guard by not having a complete overview.
  • #5,243
  • Nov 27, 2019 6:08am Nov 27, 2019 6:08am
Here is USD/CAD on a chart starting 2019

I've tried to mark the largest divergence areas, but I believe it to be pretty obvious that price been moving away from crowd/herd.
Notice how several times herd actually lays with a total bullish position even with the pair down 2%. You should see my other screens as well, it's like a clockwork working haha but the two lines a so simple, right.. we love that

So you see there are hundreds of ways to play this, I've been/and continuing testing all possibilities to try master flows and thereby be able to predict with high prob (that's the plan anyway lol)
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  • #5,244
  • Nov 27, 2019 6:46am Nov 27, 2019 6:46am
Quoting Lekkim
Price/Vol method varies a lot during the day. I fancy intraday, but historical data need to be kept in mind as well (as I talk about a lot in my Tug of war and been testing the optimal a lot) Let' say there was a huge gap yesterday, do I then totally ignore it and trades only intraday? etc etc.. That's why I'm looking into many timeframes, because of let's say on yearly chart, monthly, weekly that there are all different, what then? what do you value the most?, etc So you don't get caught off guard by not having a complete overview.
I show volume for all frames on my charts.

I know exactly where volume is on all frames

I use my own indi and MT4 which gives volume up to monthly, I then take quarterly and yearly from other sites for free

Wouldn't trade without volume
All charts/ideas based on UK time zone
  • #5,245
  • Nov 27, 2019 6:58am Nov 27, 2019 6:58am
Unrest? What unrest?

"Iran's top leader on Wednesday denounced an outbreak of deadly unrest as a "very dangerous conspiracy" as authorities reported about 731 banks and 140 government sites had been torched in the disturbances." ~Reuters, Nov 27
  • #5,246
  • Nov 27, 2019 6:58am Nov 27, 2019 6:58am
Quoting sponge
{quote} I show volume for all frames on my charts. I know exactly where volume is on all frames I use my own indi and MT4 which gives volume up to monthly, I then take quarterly and yearly from other sites for free Wouldn't trade without volume
But I have to make do with tic volume and I dont have volume divergence
All charts/ideas based on UK time zone
  • #5,247
  • Nov 27, 2019 7:07am Nov 27, 2019 7:07am
Closed long for a sheckle,D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,248
  • Nov 27, 2019 8:45am Nov 27, 2019 8:45am
Might get a sharp down with the news so that they can buy at a discount. Staying out til after
  • #5,249
  • Edited 9:52am Nov 27, 2019 8:59am | Edited 9:52am
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yes yes yes
  • #5,250
  • Nov 27, 2019 10:32am Nov 27, 2019 10:32am
Quoting sponge
I think oil has a bearish look atm but still bull longer term Caution for the bulls below 58.13
Turned out bearish after all I think we will see more downside

Possible double top says we could go sub 56 ...we'll see

57.56 back in play, posible support
All charts/ideas based on UK time zone
  • #5,251
  • Nov 27, 2019 10:36am Nov 27, 2019 10:36am
its hard selling this thing very sluggish down move. feels like the bulls will enter at any moment and drive this thing up
  • #5,252
  • Nov 27, 2019 10:47am Nov 27, 2019 10:47am
Quoting Kwame Freder
its hard selling this thing very sluggish down move. feels like the bulls will enter at any moment and drive this thing up
Think we will see another low but I agree I'm out for now
All charts/ideas based on UK time zone
  • #5,253
  • Nov 27, 2019 11:26am Nov 27, 2019 11:26am
Time line predicts 9pm this evening UK for a turn

Love the spooky stuff
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All charts/ideas based on UK time zone
  • #5,254
  • Nov 27, 2019 11:27am Nov 27, 2019 11:27am
Quoting sponge
{quote} Turned out bearish after all I think we will see more downside Possible double top says we could go sub 56 ...we'll see 57.56 back in play, posible support
Thinking more a minor retracement of sorts before the rally continues bud, just looking at the volume on the bearish move seems a little stifled bud....if it can get backl above the 200 ema on the H1 my thinking is it moves back north....
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  • #5,255
  • Nov 27, 2019 11:40am Nov 27, 2019 11:40am
Quoting MzansiObi
{quote} Thinking more a minor retracement of sorts before the rally continues bud, just looking at the volume on the bearish move seems a little stifled bud....if it can get backl above the 200 ema on the H1 my thinking is it moves back north....
You could be right but volume looks neg all round atm

We could still see support at 57.56 though

Indi's signaling more downside 57.56 to kick it off and sub 57.30 to confirm

That's how I see it for now
All charts/ideas based on UK time zone
  • #5,256
  • Nov 27, 2019 12:17pm Nov 27, 2019 12:17pm
Quoting sponge
{quote} You could be right but volume looks neg all round atm We could still see support at 57.56 though Indi's signaling more downside 57.56 to kick it off and sub 57.30 to confirm That's how I see it for now
Tge head of the current pattern should first et invalidated for me to negate further bullishness tbh
4&1 All Time Profit: $37,496
  • #5,257
  • Nov 27, 2019 12:39pm Nov 27, 2019 12:39pm
United states baker hughes us oil rig count dipped from previous 671 to 668
persistence and determination alone are omnipotent
  • #5,258
  • Nov 27, 2019 2:44pm Nov 27, 2019 2:44pm
Long WTI 58.17
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,259
  • Nov 27, 2019 4:14pm Nov 27, 2019 4:14pm
Today Attachment G
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  • #5,260
  • Edited 10:43pm Nov 27, 2019 9:58pm | Edited 10:43pm
Quoting Ll1979
United states baker hughes us oil rig count dipped from previous 671 to 668
Baker Hughes is a very underrated indicator as prices can lag the indicator by as much as two months. There still a ways to go. We should see the immediate impact of this weekly indicator gain more significance in early 2020 when the oil producers give some kind of guidance about their exploration budgets.

We knew 2019 was going to see some declines and it's been steady.
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