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WTI Crude Oil Trading

  • #6,001
  • Jan 16, 2020 12:19pm Jan 16, 2020 12:19pm
i am waiting for the pullback to enter long
Attached Image (click to enlarge)
Click to Enlarge Name: OILH1.png Size: 27 KB
yes yes yes
  • #6,002
  • Jan 16, 2020 12:26pm Jan 16, 2020 12:26pm
Quoting Moty
i am waiting for the pullback to enter long {image}
Monty, as always, top analysis, what's your thoughts on the daily hitting the rising slope, more concerning is the approach, quite linear, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,003
  • Jan 16, 2020 12:30pm Jan 16, 2020 12:30pm
Quoting detector
{quote} Mz, thanks, think it could still go further, got out of shorts for an opportunist profit, made enough, the rise making better entry for more, only my opinion, could be wrong, the question needs asking, what's driving this, sentiment now, but sentiment will not hold, the environment will put pay to that, only my opp, D
All we can do is look to follow the momentum, hence why i am looking to see if it gets above the hard stops and can stay above it on retests to that area, then will begin buying, but if it just pops above the 59.41 level and comes back down then will look to continue shorting, that support from the D1 chart seems to be holding up quite well so a tussle may continue playing out next couple of days before a level either holds or folds....

Two zoomed out charts of the daily that shows the consolidation whenever price gets near this MA....some periods of consolidating before it decides on a way forward....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XTIUSDDaily1_LI.jpg Size: 911 KB
Click to Enlarge Name: XTIUSDDaily2_LI.jpg Size: 852 KB
4&1 All Time Profit: $37,496
  • #6,004
  • Jan 16, 2020 12:36pm Jan 16, 2020 12:36pm
Quoting MzansiObi
{quote} All we can do is look to follow the momentum, hence why i am looking to see if it gets above the hard stops and can stay above it on retests to that area, then will begin buying, but if it just pops above the 59.41 level and comes back down then will look to continue shorting, that support from the D1 chart seems to be holding up quite well so a tussle may continue playing out next couple of days before a level either holds or folds.... Two zoomed out charts of the daily that shows the consolidation whenever price gets near this MA....some...
Understand to go with a flow, but (just me) think it could be drawing in, if the daily configuration was upside down it would look like a flag, probably main reason for me, all other reasons add to my thought, safe trading and great see your calls Mz, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,005
  • Jan 16, 2020 12:39pm Jan 16, 2020 12:39pm
Quoting detector
{quote} Understand to go with a flow, but (just me) think it could be drawing in, if the daily configuration was upside down it would look like a flag, probably main reason for me, all other reasons add to my thought, safe trading and great see your calls Mz, D
Understood DT......Lets see what it does mate. You been getting some good setups aswell i see...keep em coming
4&1 All Time Profit: $37,496
  • #6,006
  • Jan 16, 2020 12:50pm Jan 16, 2020 12:50pm
Quoting MzansiObi
{quote} Understood DT......Lets see what it does mate. You been getting some good setups aswell i see...keep em coming
Thanks Mz, it's all just my view, could have had a little luck and a good wind, it's very slippery all round, I do value your posts as with others too, we all make a good teamD
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,007
  • Jan 16, 2020 1:38pm Jan 16, 2020 1:38pm
Anyone in the SHORT right fnow?
Can you afford to take that chance?
  • #6,008
  • Jan 16, 2020 1:41pm Jan 16, 2020 1:41pm
Another plot to share from my trading system, is WTI closing price peak points:
Attached Image (click to enlarge)
Click to Enlarge Name: usoil_peaks.png Size: 65 KB


Last 8 peaks: [59.14, 58.822, 61.12, 60.36, 61.761, 61.205, 63.074, 58.12 ]

Below are the statistics of the average difference between peak points:
Before removing outliers:
count 354.000000 (Number of samples)
mean 2.567655
std 1.910162
min 0.010000
25% 1.252500
50% 2.157500
75% 3.267500
max 12.435000
------------------------------------
After removing outliers:
count 334.000000
mean 2.250066
std 1.392702
min 0.010000
25% 1.184750
50% 2.037500
75% 3.120000
max 6.200000
----------------------------------------

For those who are interested in calculating peak points, you can have a look at https://docs.scipy.org/doc/scipy/ref...elextrema.html
  • #6,009
  • Jan 16, 2020 1:43pm Jan 16, 2020 1:43pm
Quoting mga35
Another plot to share from my trading system, is WTI closing price peak points: {image} Last 5 peaks: [59.14, 58.822, 61.12, 60.36, 61.761, 61.205, 63.074, 58.12 ] Below are the statistics of the average difference between peak points: Before removing outliers: count 354.000000 (Number of samples) mean 2.567655 std 1.910162 min 0.010000 25% 1.252500 50% 2.157500 75% 3.267500 max 12.435000 ------------------------------------ After removing outliers: count 334.000000 mean 2.250066 std 1.392702 min 0.010000 25% 1.184750 50% 2.037500 75% 3.120000 max...

Keep posting great content champ!
persistence and determination alone are omnipotent
  • #6,010
  • Jan 16, 2020 1:51pm Jan 16, 2020 1:51pm
Quoting auricforecas
Anyone in the SHORT right fnow?
Im balls-deep in it... 500:1 MAX! SHORTIng.. check my cheetah thread for more
Can you afford to take that chance?
  • #6,011
  • Jan 16, 2020 1:57pm Jan 16, 2020 1:57pm
Quoting auricforecas
{quote} Im balls-deep in it... 500:1 MAX! SHORTIng.. check my cheetah thread for more
Watch this!
Can you afford to take that chance?
  • #6,012
  • Jan 16, 2020 1:57pm Jan 16, 2020 1:57pm
Quoting auricforecas
{quote} Im balls-deep in it... 500:1 MAX! SHORTIng.. check my cheetah thread for more
Auric, I'm short ATM 58.7, knowing your approach, you will be awarded the for profit, go get em tiger D
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,013
  • Edited 2:11pm Jan 16, 2020 2:00pm | Edited 2:11pm
Quoting mga35
Another plot to share from my trading system, is WTI closing price peak points: {image} Last 8 peaks: [59.14, 58.822, 61.12, 60.36, 61.761, 61.205, 63.074, 58.12 ] Below are the statistics of the average difference between peak points: Before removing outliers: count 354.000000 (Number of samples) mean 2.567655 std 1.910162 min 0.010000 25% 1.252500 50% 2.157500 75% 3.267500 max 12.435000 ------------------------------------ After removing outliers: count 334.000000 mean 2.250066 std 1.392702 min 0.010000 25% 1.184750 50% 2.037500 75% 3.120000 max...
MG, while a little over my head and not scared to admit, your posts are very informative, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,014
  • Jan 16, 2020 2:06pm Jan 16, 2020 2:06pm
Are you wiring some extra money to the account to maximize profits?
persistence and determination alone are omnipotent
  • #6,015
  • Jan 16, 2020 2:08pm Jan 16, 2020 2:08pm
Quoting Ll1979
Are you wiring some extra money to the account to maximize profits?
we're all on a profit share with Auric, Cheetah TE on D
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,016
  • Jan 16, 2020 2:41pm Jan 16, 2020 2:41pm
58.35 breach and away down again?, seems the breach is the start of of the large hourly bar.
I don't need to be good at the game, only good enough to beat my opponent,
  • #6,017
  • Jan 16, 2020 3:03pm Jan 16, 2020 3:03pm
Quoting mga35
Another plot to share from my trading system, is WTI closing price peak points: {image} Last 8 peaks: [59.14, 58.822, 61.12, 60.36, 61.761, 61.205, 63.074, 58.12 ] Below are the statistics of the average difference between peak points: Before removing outliers: count 354.000000 (Number of samples) mean 2.567655 std 1.910162 min 0.010000 25% 1.252500 50% 2.157500 75% 3.267500 max 12.435000 ------------------------------------ After removing outliers: count 334.000000 mean 2.250066 std 1.392702 min 0.010000 25% 1.184750 50% 2.037500 75% 3.120000 max...
Good to see some Python on the forum!
Self-sufficiency is the greatest of all wealth. - Epicurus
  • #6,018
  • Jan 16, 2020 4:29pm Jan 16, 2020 4:29pm
Here is another thing to share

Overall gain/lose pips of major currencies against each others:

For today : 2020-01-16:
JPY : -207.0
EUR : -27.3
USD : 502.5
GBP : 314.5
CAD : -33.5
AUD : -112.7
CHF : -59.6
NZD : 230.1
___________________________________________________________
For the last two days:
JPY : -251.5
EUR : 395.1
USD : 78.1
GBP : 356.9
CAD : -6.0
AUD : -200.2
CHF : 92.3
NZD : 146.2
___________________________________________________________
For the last three days:
JPY : -314.9
EUR : 26.3
USD : -53.7
GBP : 610.2
CAD : -66.6
AUD : -239.8
CHF : 326.1
NZD : -78.7

This could be helpful since Oil has a negative correlation of around 72% with JPY.
  • #6,019
  • Jan 16, 2020 5:08pm Jan 16, 2020 5:08pm
Any thoughts about "the crazy "Friday?
I might enter long @58.26
  • #6,020
  • Jan 16, 2020 5:29pm Jan 16, 2020 5:29pm
Quoting mga35
Any thoughts about "the crazy "Friday? I might enter long @58.26
No trades for me for the mo, currently in the Naz and licking my wounds and waiting for a pullback, good trading though, D
I don't need to be good at the game, only good enough to beat my opponent,
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