Macro value still developing to the downside. You should be short but first market needs to go up to generate some liquidity.
Boxing clever since 76.
- #6,563
- Mar 5, 2020 5:34am Mar 5, 2020 5:34am
- Joined Feb 2016 | Status: Full Time Trader. | 5,429 Posts
4&1 All Time Profit:
$37,496
- #6,565
- Edited 7:52am Mar 5, 2020 7:38am | Edited 7:52am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #6,566
- Mar 5, 2020 10:08am Mar 5, 2020 10:08am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
I have a long signal atm 
Virus / opec / jitters
Virus / opec / jitters
All charts/ideas based on UK time zone
- #6,567
- Mar 5, 2020 12:51pm Mar 5, 2020 12:51pm
- Joined Sep 2017 | Status: Still a total mystery | 3,569 Posts
{quote} Hey Auri. Thinking we still have more downside potential...expecting next leg lower will come from that 49.5/50 handle....current bullish impulse. It all that convincing considering how price is struggling to stay above some key MA, and Res handles to the topside...but let’s see...not looking to build long term on it now, have altered outlook in getting in and out on a intra day basis....
I will "form" a picture of the market next week... I think the next week will be very curious. Last week was, this week is THE PASSAGE week, if you ask me... the next is CONCLUSION, for the next 2-3months at least, for all major markets (that are related somewhat). Everything connected anyway. So let's see what happens, had to have that timestamped
Can you afford to take that chance?
- #6,569
- Mar 6, 2020 12:51am Mar 6, 2020 12:51am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
I think the bottom was in at 43.63 but another test wouldn't surprise. Breaking this level points to 41.90. Volume would suggest support but the virus threat is anybody's guess
A retest of 43.63 could be on the cards now, 45.20 possible support
All charts/ideas based on UK time zone
- #6,570
- Mar 6, 2020 2:23am Mar 6, 2020 2:23am
Still no value developing to the long side. Still want to be short on any upticks.
Bit of a risk on tone developing this LDN session so might find some short term buyers.
Bit of a risk on tone developing this LDN session so might find some short term buyers.
Boxing clever since 76.
- #6,572
- Mar 6, 2020 5:09am Mar 6, 2020 5:09am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #6,574
- Mar 6, 2020 9:10am Mar 6, 2020 9:10am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #6,575
- Mar 6, 2020 9:17am Mar 6, 2020 9:17am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
If there is such a thing as support it's at 41.88 
All charts/ideas based on UK time zone
- #6,576
- Mar 6, 2020 9:35am Mar 6, 2020 9:35am
First buy on CL at 42.36 (futures) . This is the power of having statistical arbitrage models and being able to value CL . You can see when its discounted or at a premium. All the value lines had gone bid into the retest of the lows.
On orderflow you can see the commericals (pink line) where buying into the lows. They also put in liquidity at 43 for the algos to target.
On orderflow you can see the commericals (pink line) where buying into the lows. They also put in liquidity at 43 for the algos to target.
Boxing clever since 76.
- #6,577
- Mar 6, 2020 9:42am Mar 6, 2020 9:42am
- Joined Dec 2008 | Status: Trader | 2,931 Posts
persistence and determination alone are omnipotent
- #6,578
- Mar 6, 2020 9:58am Mar 6, 2020 9:58am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
First buy on CL at 42.36 (futures) . This is the power of having statistical arbitrage models and being able to value CL . You can see when its discounted or at a premium. All the value lines had gone bid into the retest of the lows. {image} On orderflow you can see the commericals (pink line) where buying into the lows. They also put in liquidity at 43 for the algos to target. {image}
I have no idea with your charts but they seem to give you a good edge
All charts/ideas based on UK time zone
- #6,579
- Mar 6, 2020 10:06am Mar 6, 2020 10:06am
- | Joined Apr 2018 | Status: Trader | 1,732 Posts
All charts/ideas based on UK time zone
- #6,580
- Mar 6, 2020 10:09am Mar 6, 2020 10:09am
{quote} Great call
They could also do outright trade on oil and hedge themselves in the options market.
The second chart is a chart showing level two data and I am able to see where they are putting in liquidity into the market, where exhaustions and absorptions happen, cumulative deltas etc etc and an able to trade with a very small stop loss of around 5-10 ticks depending on volatility.
Boxing clever since 76.