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Energetic H1 Strategy (Crude/Brent/Gas)

  • #361
  • Jan 15, 2020 8:25pm Jan 15, 2020 8:25pm
16 January 2020


XTIUSD again on the retest of that entry line for a third time this week....

As mentioned(on WTI thread) price currently testing major D1 support but the H1 system still in play for selling as such we could experience some DD on this third setup, but will look to see what happens when price attempts to break that stop handle...

Intra day levels:
59.22
58.92
58
57.95
56.80
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 672 KB
4&1 All Time Profit: $37,496
  • #362
  • Jan 15, 2020 8:34pm Jan 15, 2020 8:34pm
16 January 2020


Brent Crude
XBRUSD


Similar to crude, all conditions remain valid for an H1 sell setup as price is below the 200 and so too are the entry and signal lines.
Because the D1 support is nearby, we need to exercise some caution and manage positions accordingly....

Price of interest for today:
66
65.65
65.21
64.66
63.43


Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XBRUSDH1_LI.jpg Size: 714 KB
4&1 All Time Profit: $37,496
  • #363
  • Jan 16, 2020 7:41am Jan 16, 2020 7:41am
Quoting MzansiObi
16 January 2020 XTIUSD again on the retest of that entry line for a third time this week.... As mentioned(on WTI thread) price currently testing major D1 support but the H1 system still in play for selling as such we could experience some DD on this third setup, but will look to see what happens when price attempts to break that stop handle... Intra day levels: 59.22 58.92 58 57.95 56.80 {image}
Entry Line didnt dissapoint yet againn, managed to get some decent profit off of it. stops trailing now. we wash rinse and repeat till it fails as we bank profits along the way
Attached Image (click to enlarge)
Click to Enlarge Name: XBRUSDH1Chart_LI.jpg Size: 761 KB
4&1 All Time Profit: $37,496
  • #364
  • Jan 16, 2020 8:40pm Jan 16, 2020 8:40pm
17 January 2020


Had two short setups yesterday with the first yielding some profit following the dip lower, second entry currently in some drawdown as we can see how the retest of the entry line saw prices rally higher, with that said although the signal line has crossed above the entry line, prices remain below the hard stop level near that 200 level and as such will remain with a short bias up until such time that price begins closing above the hard stops level.



Intra day levels of interest for today:

60
59.62
59.10
58.36
57.34
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 799 KB
4&1 All Time Profit: $37,496
  • #365
  • Jan 20, 2020 2:06am Jan 20, 2020 2:06am
20 January 2020


Since finding support at the D1 support zone, signal line has crossed over the entry line on both crosses but price still capped inside the hard stop zone/area as per the H1 stop area....bit of DD at the moment as such given the crossover, we need to wait for signal line to get back below the entry line before adding onto shorts....

Will be looking at PAaround these levels today:
XTIUSD(Crude)
60.36
59.33
59.07
58.69
58.31

XBRUSD(Brent)
67.13
65.94
65.70
65.26
64.65
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XTIUSDDaily_LI.jpg Size: 734 KB
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 708 KB
Click to Enlarge Name: XBRUSDDaily_LI.jpg Size: 739 KB
Click to Enlarge Name: XBRUSDH1_LI.jpg Size: 719 KB
4&1 All Time Profit: $37,496
  • #366
  • Jan 22, 2020 2:26am Jan 22, 2020 2:26am
22 January 2020



Both pairs have haad the bearish crossover and yesterdays PA saw prices capped at our entry line following the attempted breakout above our hard stops area,

For today wioll be looking at the following levels as bearishh sentiment continues with immediate target around the daily support area for further bearish continuation


XTIUSD

599..37
58.39
54..67
57.12
56.97



XBRUSD

65.78
65.10
64..18
63.60
63.40
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XBRUSDH1AmRev_LI.jpg Size: 719 KB
Click to Enlarge Name: XTIUSDH1AmRev_LI.jpg Size: 726 KB
4&1 All Time Profit: $37,496
  • #367
  • Jan 23, 2020 2:21am Jan 23, 2020 2:21am
23 January 2020




Selling of rallies still viable as price managed to break and close below previous Daily support, had managed to recycle some buy dips off of the daily support zone, but it has now finally folded and flipped into interim resistance on the daily chart, as such will look to use any rallies towards the intra day entry level to go short....


As things stand these are the levels of interest for today

Brent Oil(XBRUSD)
64.03
63.63
61.38
62.56
60.28


Crude Oil(XTIUSD)
57.47
56.92
54.84
54.41
52.98




Associated charts
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XBRUSDH1_LI.jpg Size: 666 KB
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 658 KB
4&1 All Time Profit: $37,496
  • #368
  • Jan 24, 2020 12:18am Jan 24, 2020 12:18am
24 January 2020

Interim support on the daily seems to be in play for both Brent oil and Crude oil,
The breakdown of the support structure on the Daily chart means we can still look to sell rallies and as such the outlook becomes to load shorts on the retests of our entry line.

Its NB to note that the crossover (i) occurred then we saw price retest the entry line and push lower ever since so the outlook for today becomes to wait for the retest (ii) with stops just above our 200 area(iii)

Levels of interest for today:

Brent Crude Oil
XBRUSD
63.78
63.49
62.94
62.29
61.14

Sell Limit
Sell:63.00
Stop Loss:65.18
Take Profit: Open


Crude Oil
XTIUSD

57.04
56.90
56.36
55.67
54.42

Sell Limit
Sell:56.22
Stop Loss: 58.93
Take Profit: Open
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XBRUSDH1_LI.jpg Size: 702 KB
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 705 KB
4&1 All Time Profit: $37,496
  • #369
  • Jan 27, 2020 1:30am Jan 27, 2020 1:30am
27 January 2020

Both Brent crude and crude oil have yielded decent returns for the bears this past week. Those that managed to get in on that retest of the entry line at point A managed to get some decent return on that short setup, price is yet to retest the entry line and as such the pending orders have also dipped in line with the price that keeps tracking lower, will be looking to get in short on the retest. with some bullish RSI divergence and stochs pointing upwards, will be looking to see if the pending orders can be filled

Levels of interest for the day

XTIUSD (Crude Oil)
55.13
53.62
53.36
52.55
51.72

XBRUSD (Brent Crude)
61.77
60.18
59.93
59.06
58.54
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XBRUSDH1_LI.jpg Size: 807 KB
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 738 KB
4&1 All Time Profit: $37,496
  • #370
  • Jan 30, 2020 10:35pm Jan 30, 2020 10:35pm
31 January 2020

The intention here was to wait till the Frist trading session on Monday, on the start of the New Month, simply to see where we open in the new month relative to our H1 setups...

Price has only given us two legitimate entries this week, with the first one paying out well, we are currently in the second entries cycle with prices having come towards the entry line and breaking slightly higher, with that said it may be wise to wait till Monday alternatively, if we do take this trade then we need to monitor it and begin trailing to limit our risk exposure....

Intra day levels if taking the setup today:

Crude Oil:

XTIUSD
54.33
54.10
53.52
52.64
51.69

XBRUSD
60.56
60.36
59.72
58.4
57.54
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XBRUSDH1_LI.jpg Size: 823 KB
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 840 KB
4&1 All Time Profit: $37,496
  • #371
  • Jan 31, 2020 1:58am Jan 31, 2020 1:58am
Quoting MzansiObi
31 January 2020 The intention here was to wait till the Frist trading session on Monday, on the start of the New Month, simply to see where we open in the new month relative to our H1 setups... Price has only given us two legitimate entries this week, with the first one paying out well, we are currently in the second entries cycle with prices having come towards the entry line and breaking slightly higher, with that said it may be wise to wait till Monday alternatively, if we do take this trade then we need to monitor it and begin trailing to limit...
The XTI short update remains valid...

Signal line hasnt crossed above the entry line as such any rally towards/near the entry line is good to short...

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1LO Update_LI.jpg Size: 792 KB
4&1 All Time Profit: $37,496
  • #372
  • Feb 2, 2020 10:49pm Feb 2, 2020 10:49pm
03 February 2020


New week, new month.

Both oil crosses still in bearish territory with prices below both our entry line and signal line, the signal line crossed back below the entry line, meaning any rallies towards the entry line become used for entries. So long as price retains this structure in terms of the signal line lower than the entry line and the continued Lower Lows path, then shorting becomes favorable


Levels of Interest for today:

XTIUSD
Crude Oil

54.32
52.95
52.42
52.28
49.88

XBRUSD
Brent Crude Oil

60.28
58.78
58.17
57.67
55.43



Green Pips and green week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 695 KB
Click to Enlarge Name: XBRUSDH1_LI.jpg Size: 714 KB
4&1 All Time Profit: $37,496
  • #373
  • Feb 4, 2020 4:12am Feb 4, 2020 4:12am
04 February

XTIUSD

First sell setup filled for the week....


Levels of interest for the day are as follows:

52.7
51.34
51.22
51
49.54


Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI 2.jpg Size: 772 KB
4&1 All Time Profit: $37,496
  • #374
  • Feb 4, 2020 12:07pm Feb 4, 2020 12:07pm
Are you counting this corona in your prices? I am in a little loss atm.. since seasonality reversal by end of this month also this corona... Still on the sell side at WTI at least, for about a week.. then would be careful by end of FEB.. also checking this corona situation... but by end of FEb, might be BUY only... just a though atm, to be confirmed...
Can you afford to take that chance?
  • #375
  • Feb 4, 2020 9:08pm Feb 4, 2020 9:08pm
Quoting auricforecas
Are you counting this corona in your prices? I am in a little loss atm.. since seasonality reversal by end of this month also this corona... Still on the sell side at WTI at least, for about a week.. then would be careful by end of FEB.. also checking this corona situation... but by end of FEb, might be BUY only... just a though atm, to be confirmed...
I havent been factoring it in to be honest, have tried to keep the analysis strictly based on what the chart is saying and then moving towards risk management by trailing....for now its continued making this series of lower lows and lower highs as such any rally sort of makes sense to short till this stops...

But the fact that we have broken the 2019 lows(point i) and the bearish daily pin bar that also closed below those lows suggests that we still have room to the bottom...

I was and still am expecting a relief rally from the sharp drop we had, but that would first require the daily to close back above the 50.55 handle....
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDDaily_LI.jpg Size: 889 KB
4&1 All Time Profit: $37,496
  • #376
  • Feb 4, 2020 9:19pm Feb 4, 2020 9:19pm
05 February 2020


Sell setups have continued to be the preferred order bias so far this week, price action and market structure still support the outlook to go short on the retest of the entry line at point A. The break down in support structure on the charts is symbolized by the magenta line that continues to put in lower lows...


Levels of interest for today:
52.3
51.22
50.87
50.45
47.9

Pending Short:

Short 50.68

SL 53.24

TP Open

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 686 KB
4&1 All Time Profit: $37,496
  • #377
  • Feb 5, 2020 4:29am Feb 5, 2020 4:29am
Quoting MzansiObi
05 February 2020 Sell setups have continued to be the preferred order bias so far this week, price action and market structure still support the outlook to go short on the retest of the entry line at point A. The break down in support structure on the charts is symbolized by the magenta line that continues to put in lower lows... Levels of interest for today: 52.3 51.22 50.87 50.45 47.9 Pending Short: Short 50.68 SL 53.24 TP Open Green Pips {image}
Shorts filled.

closing half but not trailing....



green pips
4&1 All Time Profit: $37,496
  • #378
  • Feb 6, 2020 12:56am Feb 6, 2020 12:56am
06 February 2020


Price Action has pulled our leading line back above the entry line so the rule of thumb becomes to wait for price and the leading line to get back below our entry line before adding/ continuing with the shorts..
Hard stop area is also a couple of pi[s above as such current shorts are under water. With that said, levels of interest for the day become

53.20
52.82
52.18
50.93
50.29





Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 902 KB
4&1 All Time Profit: $37,496
  • #379
  • Feb 7, 2020 2:26am Feb 7, 2020 2:26am
7 February 2020


Hard Stop area has capped prices inside our sell zone, the leading line and entry line are still flat, as such showing some neutral to bearish sentiment, we wait for a clear slope between the two and refrain from adding onto shorts until the leading line drops below the entry line... the current running shorts, can take some comfort in knowing that price has been capped by the hard stop line near point (i)


(i): Hard stop handle for shorts.
(ii) flat signal line and entry line
(iii) Signal line crossed above the entry line.

Green Pips
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 900 KB
4&1 All Time Profit: $37,496
  • #380
  • Feb 10, 2020 8:33pm Feb 10, 2020 8:33pm
11 February 2020

Sell confirmation Setup confirmed following the retest of the entry line, as things stand, all our conditions have been met for us to look to continue selling, as mentioned elsewhere, the fact that we gapped down and that gap closed up speedily by bears and that we failed to close below the current yearly high, requires us to exercise some caution with current shorts and look to book profits/trail and as and when the trade moves into profit, alternatively we can look to adjust position size to limit exposure as the current structural low may be in place.....


Intra Day levels of Interest



51.38
50.87
50.24
50.05
49.30
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 857 KB
4&1 All Time Profit: $37,496
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