WTI Crude Oil Trading | Page 268 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #5,341
  • Dec 2, 2019 9:14am Dec 2, 2019 9:14am
Nice 50c short. But if not for the weak USD this would be $1.50 lower. damn usd/strong euro. Everything else bearish.
  • #5,342
  • Dec 2, 2019 9:53am Dec 2, 2019 9:53am
Quoting Cools81
Nice 50c short. But if not for the weak USD this would be $1.50 lower. damn usd/strong euro. Everything else bearish.
Grim stuff from friday continues
Counter hedge usd risk in side fx trade if ones want to trade xti crude 'real' without 50% usd counterpart
  • #5,343
  • Dec 2, 2019 9:58am Dec 2, 2019 9:58am
That's the problem with oil - there are so many bits to it
  • #5,344
  • Dec 2, 2019 10:00am Dec 2, 2019 10:00am
Market overview since 02:00 29 Nov now Dec2 17:00
Attached Image (click to enlarge)
Click to Enlarge Name: markets.PNG Size: 90 KB
  • #5,345
  • Dec 2, 2019 10:45am Dec 2, 2019 10:45am
Quoting MzansiObi
{quote} Hey bud...hope the weekend was kind to you and everyone else.... am looking for price to climb back above 62.30 On the H4 and close above it for Brent oil in order for me to resume longs, and 56.53 also on the h4 for crude oil for me to look long, failing which will just let it pull back towards Friday’s lows on both and load Longs. Trade safe, looking forward to London Open
Mz, sorry to be so vague earlier, was mobile so not much time, yes thank you, had a busy weekend, made easier that I manage to get my positions closed, I did get back in Sunday open and clawed some back and it looks like I was a little early, no regrets though, I will be waiting to get some clarity that this was a shake out before entering again, noticed the Dow has hit a 300 point fall and ChinUsa news out about tarifs, not looking too good, WTI could well be in the mix, good enough reason to be out, opened gold long position to take advantage of any uncertainty, trade safe too, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,346
  • Dec 2, 2019 7:58pm Dec 2, 2019 7:58pm
Quoting detector
{quote} Mz, sorry to be so vague earlier, was mobile so not much time, yes thank you, had a busy weekend, made easier that I manage to get my positions closed, I did get back in Sunday open and clawed some back and it looks like I was a little early, no regrets though, I will be waiting to get some clarity that this was a shake out before entering again, noticed the Dow has hit a 300 point fall and ChinUsa news out about tarifs, not looking too good, WTI could well be in the mix, good enough reason to be out, opened gold long position to take advantage...
Sounds good bud......I agree with you, still plenty of room currently still holding onto a short on wti, price inability to stay above 56.5 on a H4 closing basis suggestive of a deeper pullback before heading back up......mind you in still net bullish on this cross for the next few months at least......
4&1 All Time Profit: $37,496
  • #5,347
  • Dec 2, 2019 11:39pm Dec 2, 2019 11:39pm
Inserted Video
persistence and determination alone are omnipotent
  • #5,348
  • Dec 2, 2019 11:46pm Dec 2, 2019 11:46pm
Quoting Ll1979
https://www.youtube.com/watch?v=n4wgjuPVSBc
thanks mate
people leave, but this thread will go on for ever
  • #5,349
  • Dec 3, 2019 12:19am Dec 3, 2019 12:19am
Quoting Lekkim
Market overview since 02:00 29 Nov now Dec2 17:00 {image}
That's a very interesting chart, what did you use to create it?
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #5,350
  • Dec 3, 2019 1:05am Dec 3, 2019 1:05am
Expecting 57+ next level, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #5,351
  • Dec 3, 2019 1:33am Dec 3, 2019 1:33am
Quoting Lekkim
Market overview since 02:00 29 Nov now Dec2 17:00 {image}
Pardon me for being so thick but how do you determine that center line ?
All charts/ideas based on UK time zone
  • #5,352
  • Dec 3, 2019 4:22am Dec 3, 2019 4:22am
Quoting Lekkim
{quote} Graph of price/vol comparison of Crude this year {image}
Look like retails about to drop buy wall
They're losing - still sell
  • #5,353
  • Dec 3, 2019 4:26am Dec 3, 2019 4:26am
Vol/price = sell
Oil stock corre = sell
CAD fx tanking = sell
NATgas at it again = sell

Sorry bulls
  • #5,354
  • Dec 3, 2019 4:55am Dec 3, 2019 4:55am
Intraday OIL tugofwar analysis 11:55
Attached Image (click to enlarge)
Click to Enlarge Name: 3decoil.PNG Size: 10 KB
  • #5,355
  • Dec 3, 2019 6:27am Dec 3, 2019 6:27am
Quoting sponge
{quote} Pardon me for being so thick but how do you determine that center line ?
It was just zero line from chart start from Nov 29 02:00, not a tradeline, buddy sponge
Just a markets overview screen
  • #5,356
  • Dec 3, 2019 6:30am Dec 3, 2019 6:30am
Quoting Ef5
{quote} That's a very interesting chart, what did you use to create it?
Quoting Lekkim
{quote} A FX/currency strength meter / matrix / indi I'm currently in contact with the developer of this to hear if he wants credit for it before I share it It's a paid app indicator in third party software {image}
(from my tug of war thread, it's a currency index indi)
  • #5,357
  • Dec 3, 2019 6:43am Dec 3, 2019 6:43am
Quoting Lekkim
Vol/price = sell Oil stock corre = sell CAD fx tanking = sell NATgas at it again = sell Sorry bulls
I didn't know CAD moves with oil

From the web ..."USD/CAD of about 93% between 2000 through 2016."
All charts/ideas based on UK time zone
  • #5,358
  • Dec 3, 2019 6:58am Dec 3, 2019 6:58am
Quoting sponge
{quote} I didn't know CAD moves with oil From the web ..."USD/CAD of about 93% between 2000 through 2016."
They do correlate, but not enough to be considered an edge, since it deviates a lot. Don't use it solely. but interesting enough to have all these oil correlating factors in your view while trading crude. When oil dropped a lot last week I also commented on it was weird CAD remained unchanged. CAD itself is an overall bullish market element, but more affected by other factors than more bullish fx elements like aud and nzd (notice how they reacted to china news)

Everything else I share is just market overview tools to back up the 'my biggest edge' which is the relationship between noob volume and price.
Since I got all this for myself, I needed all these helping charts so maintain an overview all many markets at once
  • #5,359
  • Dec 3, 2019 7:27am Dec 3, 2019 7:27am
Is it time to buy now ?
  • #5,360
  • Dec 3, 2019 8:03am Dec 3, 2019 8:03am
Lets see if we get any interest at yesterdays low 55.59
All charts/ideas based on UK time zone
4 traders viewing now