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WTI Crude Oil Trading

  • #6,401
  • Feb 23, 2020 4:09pm Feb 23, 2020 4:09pm
Quoting auricforecas
Guys, have you priced in the Corona? Some rather BIG news around it over the weekend (EU/IT situation) so we shall see now what/if kind of effect this has... The question is, "reebok or the nike". Which one is UP is UP to you Regardless, we gonna se some serious RITMO in...
EXPECT effect at market open... EU already rather received massive HAMMER at opening... I expect that to normalise but just saying.. watch the OPEN and MON...
Can you afford to take that chance?
  • #6,402
  • Feb 23, 2020 5:02pm Feb 23, 2020 5:02pm
Quoting auricforecas
{quote} EXPECT effect at market open... EU already rather received massive HAMMER at opening... I expect that to normalise but just saying.. watch the OPEN and MON...
Yes, WTI hammered at opening!
Can you afford to take that chance?
  • #6,403
  • Feb 24, 2020 1:21am Feb 24, 2020 1:21am
Quoting auricforecas
{quote} Yes, WTI hammered at opening!
Spot on
All charts/ideas based on UK time zone
  • #6,404
  • Feb 24, 2020 1:35am Feb 24, 2020 1:35am
24 February 2020


Following Gap lower this morning, i am on the sidelines with this pair for a while till there is some clarity on what it wants to do...would like to see it dip further and then will look at selling the bounces from the dips, as the ascending trendline has been broken, so ideally the dip lower should pull my signal line(blue) lower and entry line(green) lower and below the ascending trendline then will be looking to add onto shorts, a daily close back above the trendline will invalidate this outlook
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1_LI.jpg Size: 240 KB
4&1 All Time Profit: $37,496
  • #6,405
  • Feb 24, 2020 1:41am Feb 24, 2020 1:41am
Not sure what's caused this drop ? virus?

Markets over reacting ?

Possible support

WTI 51.96

EU 1.08189 / 1.08105
All charts/ideas based on UK time zone
  • #6,406
  • Feb 24, 2020 5:16am Feb 24, 2020 5:16am
Quoting sponge
Not sure what's caused this drop ? virus? Markets over reacting ? Possible support WTI 51.96 EU 1.08189 / 1.08105
Virus seems to be contained but outbreaks in South Korea and Italy might slow down economics further
persistence and determination alone are omnipotent
  • #6,407
  • Feb 24, 2020 5:24am Feb 24, 2020 5:24am
opened wti 51.24 / natgas 1.81

also have liquid from vix might start selling into if stays around this price or might look at bond market depending on nyse opening gl everyone!
rennstimp
  • #6,408
  • Feb 24, 2020 5:27am Feb 24, 2020 5:27am
Quoting sponge
Not sure what's caused this drop ? virus? Markets over reacting ? Possible support WTI 51.96 EU 1.08189 / 1.08105
No clue but personally been trying to avoid too much news on the virus and just stick to simple charting.

When virus first broke out, made me alter original sl for few orders and costed me like a decent chunk of my gains.

You do you but dont let hysteria fuck with your original trades, my thoughts atleast
rennstimp
  • #6,409
  • Feb 24, 2020 5:52am Feb 24, 2020 5:52am
Quoting renNstimpy
opened wti 51.24 / natgas 1.81 also have liquid from vix might start selling into if stays around this price or might look at bond market depending on nyse opening gl everyone!
Added some longs on 51.32 on dow recovery but wti is lacking behind
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persistence and determination alone are omnipotent
  • #6,410
  • Feb 24, 2020 6:08am Feb 24, 2020 6:08am
Quoting Ll1979
{quote} Added some longs on 51.32 on dow recovery but wti is lacking behind {image}
quick scalp
Attached Image
persistence and determination alone are omnipotent
  • #6,411
  • Feb 24, 2020 7:34am Feb 24, 2020 7:34am
Quoting renNstimpy
{quote} No clue but personally been trying to avoid too much news on the virus and just stick to simple charting. When virus first broke out, made me alter original sl for few orders and costed me like a decent chunk of my gains. You do you but dont let hysteria fuck with your original trades, my thoughts atleast
If only we could stick to the charts but we have news and of course those who use the news

The big gap is a classic example, news driven

I would think if the pros have orders they'll just roll it down even further for a better price

Just my view .....sometimes I talk rubbish ....it's a senior thing

Good luck
All charts/ideas based on UK time zone
  • #6,412
  • Feb 24, 2020 7:49am Feb 24, 2020 7:49am
Quoting sponge
{quote} If only we could stick to the charts but we have news and of course those who use the news The big gap is a classic example, news driven I would think if the pros have orders they'll just roll it down even further for a better price Just my view .....sometimes I talk rubbish ....it's a senior thing Good luck
Sell setups confirmation is almost there, patiently waiting on the breakdown and retest.....
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4&1 All Time Profit: $37,496
  • #6,413
  • Feb 24, 2020 7:56am Feb 24, 2020 7:56am
Quarterly view ....still puzzled with the volume are they loading up or dumping ?
Attached Image(s) (click to enlarge)
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All charts/ideas based on UK time zone
  • #6,414
  • Feb 24, 2020 8:10am Feb 24, 2020 8:10am
Caution for me, WTI has possible support now at 50.81 , possible test

It could have a bounce here imo
All charts/ideas based on UK time zone
  • #6,415
  • Feb 24, 2020 8:22am Feb 24, 2020 8:22am
Quoting sponge
Caution for me, WTI has possible support now at 50.81 , possible test It could have a bounce here imo
Well done
rennstimp
  • #6,416
  • Feb 24, 2020 8:23am Feb 24, 2020 8:23am
Quoting auricforecas
{quote} Yes, WTI hammered at opening!
Still under its effect. Very curious about tomorrows's picture, might resume trend.
Can you afford to take that chance?
  • #6,417
  • Feb 24, 2020 8:26am Feb 24, 2020 8:26am
Quoting sponge
Caution for me, WTI has possible support now at 50.81 , possible test It could have a bounce here imo
it might work DOW is near 28000 level
persistence and determination alone are omnipotent
  • #6,418
  • Feb 24, 2020 8:30am Feb 24, 2020 8:30am
Quoting renNstimpy
{quote} Well done
US open could could be whipsaw
All charts/ideas based on UK time zone
  • #6,419
  • Feb 24, 2020 8:31am Feb 24, 2020 8:31am
Quoting Ll1979
{quote} it might work DOW is near 28000 level
Where's D when you need him
All charts/ideas based on UK time zone
  • #6,420
  • Feb 24, 2020 8:35am Feb 24, 2020 8:35am
Quoting sponge
{quote} Where's D when you need him
should have taken my own advise
Attached Image
persistence and determination alone are omnipotent
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