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Pivot Trading

  • #36,621
  • Apr 20, 2020 12:37pm Apr 20, 2020 12:37pm
Quoting Davit
3dollars WTI Wow just wild Cleaned up all long contracts maybe all the way to 1 CAD holding up That's my girl! Chart goes all the way to 1984! Still lower then that Crude Oil Prices - 70 Year Historical Chart Interactive charts of West Texas Intermediate (WTI or NYMEX) crude oil prices per barrel back to 1946. The price of oil shown is adjusted for inflation using the headline CPI and is shown by default on a logarithmic scale. The current month is updated on an hourly basis...
Just bought at 1.40, only one broker allowed it, other 4 have it disabled.
  • #36,622
  • Apr 20, 2020 12:38pm Apr 20, 2020 12:38pm
Quoting pipmaster77
{quote} Just bought at 1.40, only one broker allowed it, other 4 have it disabled.
load up load up load up

We are witnessing once a lifetime history!
It probably will bounce to 10 dollar by 5pm I would hold it
In trading, you have to be defensive and aggressive at the same time
  • #36,623
  • Apr 20, 2020 12:45pm Apr 20, 2020 12:45pm
Quoting Davit
All right guys can we get $1dollar or .50C? Fuckers squeezing everyone! Reminds me of EA 20k spike
Seller seller $1 unbelievable! Here's a COT chart talk about a lagging indicator. The COT data is always 1 week old. They say if you're using COT data as a small trader you want to be on the right side of a trade and follow the LARGE speculators Lavendar bars. Personally In my opinion I've found the COT data to be as about as useful as tits on a bull. I think this pretty much proves it. I used to trade a fair amount of OIL & GAS over a decade ago and started shying away from it as it's been subjective to some very irrational moves at time. Western Canadian Select has gone into negative territory.
https://www.huffingtonpost.ca/entry/...b66d9882238186
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,624
  • Apr 20, 2020 12:50pm Apr 20, 2020 12:50pm
If you need a little amusement watch this
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #36,625
  • Apr 20, 2020 12:51pm Apr 20, 2020 12:51pm
Quoting Davit
{quote} load up load up load up We are witnessing once a lifetime history! It probably will bounce to 10 dollar by 5pm I would hold it
Can't go below 0, so either I'm missing something or we should all be "all in" here?
  • #36,626
  • Apr 20, 2020 12:52pm Apr 20, 2020 12:52pm
Shorting EC
Figure after 1 dollar crude everything up is positive for CAD
In trading, you have to be defensive and aggressive at the same time
  • #36,627
  • Apr 20, 2020 12:55pm Apr 20, 2020 12:55pm
Quoting pipmaster77
{quote} Can't go below 0, so either I'm missing something or we should all be "all in" here?

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  • #36,628
  • Apr 20, 2020 1:04pm Apr 20, 2020 1:04pm
Quoting ancapreb
{quote} {image}
Great for WTI shorts
  • #36,629
  • Apr 20, 2020 1:09pm Apr 20, 2020 1:09pm
WTI now at .04 ! I remember over ten years ago when I ended up in deep negative territory on a natural gas trade as fracking had started and there was oversupply I said to a friend of mine the only way i see getting out of this is to but more average down and get out in January if there's any kind of price spike. He said it could go to zero and I said come on it can go that low, it's a commodity, it will never drop to zero! Looks like I may have to eat some crow today on those words we were trading ETF"s on the TSX on OIL & GAS they had some 2X ones HOU and HOD oil up or oil down. I can't remember the symbols for NG anyways I broke the trading rule averaged down got a price spike in January and got out at break even. Look at the daily chart on it absolutely insane! All over the map.
Attached Image(s) (click to enlarge)
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Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,630
  • Apr 20, 2020 1:20pm Apr 20, 2020 1:20pm
Quoting Romanov102
WTI now at .04 ! I remember over ten years ago when I ended up in deep negative territory on a natural gas trade as fracking had started and there was oversupply I said to a friend of mine the only way i see getting out of this is to but more average down and get out in January if there's any kind of price spike. He said it could go to zero and I said come on it can go that low, it's a commodity, it will never drop to zero! Looks like I may have to eat some crow today on those words we were trading ETF"s on the TSX on OIL & GAS they had some 2X...
on my platform it stopped at.01 and hasn't moved for like 15 minutes.
  • #36,631
  • Apr 20, 2020 1:40pm Apr 20, 2020 1:40pm
Quoting pipmaster77
{quote} on my platform it stopped at.01 and hasn't moved for like 15 minutes.
charts too .001

Trade safely. I am holding my EC shorts
AN below 500 heading south all good
In trading, you have to be defensive and aggressive at the same time
  • #36,632
  • Apr 20, 2020 1:52pm Apr 20, 2020 1:52pm
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  • #36,633
  • Apr 20, 2020 1:59pm Apr 20, 2020 1:59pm
Quoting ancapreb
{image}
Wow, so they will pay you to take the oil. Gas should be negative as well then
  • #36,634
  • Edited 2:22pm Apr 20, 2020 2:00pm | Edited 2:22pm
Quoting Davit
{quote} You should of gotten out at 5335 or so Remember dont look for home runs. I hope you did not turn a winner into a loser. Despite of crashing crude WTI at 10's CAD is holding out well.This situation is temporary CAD will regain strongly. Be careful holding shorts on CAD too long.
Hi Davit,

Totally right, I should have. But I did put the stop loss to break eaven en was stopped out by that. So no damage but also no profit..
Thanks for the reply.
  • #36,635
  • Apr 20, 2020 2:31pm Apr 20, 2020 2:31pm
Historical oil!
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  • #36,636
  • Edited 2:56pm Apr 20, 2020 2:38pm | Edited 2:56pm
I stumbled on this video.Its very fresh and inside meeting with Trump and US oil executives
I think it sheds different light on Trump.I know he gets lot of mud thrown at him but worth watching beyond the scenes
Meeting starts at 1.55min
Inserted Video
In trading, you have to be defensive and aggressive at the same time
  • #36,637
  • Apr 20, 2020 2:39pm Apr 20, 2020 2:39pm
All things Oil...

https://oilprice.com/
Invest in Life
  • #36,638
  • Apr 20, 2020 2:47pm Apr 20, 2020 2:47pm
Based on what I just watched looks like US gov will buy crude to maintain the industry. 5pm news conference on this

On positive note I made Armenian Lavash bread with iron skillet and torch gun
Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #36,639
  • Apr 20, 2020 2:57pm Apr 20, 2020 2:57pm
So I couldn't modify the trades, but I was able to exit at.01, not going to wait until liquidity is back and have a gap down to -$37. This is insane. Only cost me 1.2% though.
  • #36,640
  • Apr 20, 2020 3:00pm Apr 20, 2020 3:00pm
Quoting pipmaster77
So I couldn't modify the trades, but I was able to exit at.01, not going to wait until liquidity is back and have a gap down to -$37. This is insane. Only cost me 1.2% though.
Looks like Trump wants to buy WTI crude.We'll see how it goes.Sorry for the loss
In trading, you have to be defensive and aggressive at the same time
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