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  • #36,641
  • Apr 20, 2020 3:06pm Apr 20, 2020 3:06pm
Good Day Fella's.
This post has nothing to do with Forex Trading.
As some of you know , I am a Canadian.
I live in Nova Scotia , now known Worldwide for the largest mass murder rampage in Canadian History.
NEVER , in any Nova Scotian's wildest dreams , would we believe that something like this would or could happen in our beautiful Province.

Thank heavens that one of our local SWAT TEAM SNIPERS put an abrupt end to the carnage. Although a hero , I sincerely hope that the individual who fired at least 4 blazingly fast shots into the perpetrator , will be able to erase this event from his mind , forever. Many of us think that , "oh man that would be cool to be able to be that guy". PTSD is REAL.

May all of the victims rest in peace.
Canada lost a female RCMP OFFICER in this event and another male officer , shot in both arms , survived and arrived home today to a roadside welcome right up to his home.

The perpetrator had a spotless background , which is actually scary. He was a denturist.
Be safe folks , don't take life for granted , ever.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,642
  • Edited 3:31pm Apr 20, 2020 3:20pm | Edited 3:31pm
Regarding the oil price, just one point. I don't know if someone talked about it...

The issue is related with the futures price of May (with deadline today), the spot price is going down as well but it is not negative.

And the reason is that there is no storage capacity...this is why the futures holders want to sell their contracts (WTI future contract) even at negative price because they don't have capacity to keep 1000 barrels per contract without 0 demand nowadays.

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  • #36,643
  • Apr 20, 2020 3:36pm Apr 20, 2020 3:36pm
How far down the rabbit hole are we going to go with this pandemic? It seems to get greasier by the day? A complete collapse of OIL today into negative territory and now this story. Pollution has caused the "Pandemic"
https://www.huffingtonpost.ca/entry/...lated_articles
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,644
  • Apr 20, 2020 4:14pm Apr 20, 2020 4:14pm
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the highest point comes before the fall
  • #36,645
  • Apr 20, 2020 4:28pm Apr 20, 2020 4:28pm
Quoting Pivoter
{image}
I wonder why they would want to cut crude production now … Joking Bloodbath … "Something has to be done about this oilbath" is most appropriate
  • #36,646
  • Apr 20, 2020 5:42pm Apr 20, 2020 5:42pm
Quoting Romanov102
How far down the rabbit hole are we going to go with this pandemic? It seems to get greasier by the day? A complete collapse of OIL today into negative territory and now this story. Pollution has caused the "Pandemic" https://www.huffingtonpost.ca/entry/...lated_articles
Romanov102 , MORE DREAMWHIP ON BULLSHIT !!!!

THIS PANDEMIC AND THE OIL PRICE MANIPULATION ARE MULTI-GOVERNMENT MANUFACTURED EVENTS , in my opinion.
Just like the 1987 Crash , the tech bubble , 9/11 , 2008 housing bubble/crash. All manufactured events , in my opinion.
As long as any government can generate and sustain fear within the minds of the population , the government has total control of the population.
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,647
  • Apr 20, 2020 5:59pm Apr 20, 2020 5:59pm
Quoting GreenEarth
{quote} Romanov102 , MORE DREAMWHIP ON BULLSHIT !!!! THIS PANDEMIC AND THE OIL PRICE MANIPULATION ARE MULTI-GOVERNMENT MANUFACTURED EVENTS , in my opinion. Just like the 1987 Crash , the tech bubble , 9/11 , 2008 housing bubble/crash. All manufactured events , in my opinion. As long as any government can generate and sustain fear within the minds of the population , the government has total control of the population. GE
Please tell me that you're not saying you think that 911 was a "manufactured event". Do you think all of those innocent people were killed on purpose by multi-governments?
  • #36,648
  • Apr 20, 2020 6:36pm Apr 20, 2020 6:36pm
Does anyone also experience weird price rate with WTI oil CFD? I usually trade through Axitrader. Yesterday, when oil hit $16.9, I closed all of my trades. I don't know if it's a technical bug or what, the rate got stuck at around $12 even tho TradingView and FXCM both showed price that's virtually zero. (And other showed a negative value.)

Now that the market has reopened, I see very strange things. FXCM is still showing $0.09 and the market is still close, while other brokers market have opened. Oando is showing a rate that's very close to WTI price for Jun future (exp on 19May). IG is showing somewhere around $19 I think. Axitrader is showing $12. What does this mean? I never seen anything like this...

I am aware of the supercontango between future contracts in 2 diff months...What I don't understand is all these big brokers are providing CFD, not futures. Shouldn't they be showing a value close to 0? Super confused right now... Interesting time we are living in

Any help will be much appreciated!
  • #36,649
  • Apr 20, 2020 7:25pm Apr 20, 2020 7:25pm
Quoting Tim19876
Does anyone also experience weird price rate with WTI oil CFD? I usually trade through Axitrader. Yesterday, when oil hit $16.9, I closed all of my trades. I don't know if it's a technical bug or what, the rate got stuck at around $12 even tho TradingView and FXCM both showed price that's virtually zero. (And other showed a negative value.) Now that the market has reopened, I see very strange things. FXCM is still showing $0.09 and the market is still close, while other brokers market have opened. Oando is showing a rate that's very close to WTI...
So the futures went as low as -$37 for the May contract, with my broker price stopped at .01, thenprice stopped, couldn't modify, my broker told me on chat no liquidity. Oil opens at 7pm and gapped up to $21, which is the price I see now.
  • #36,650
  • Apr 20, 2020 7:44pm Apr 20, 2020 7:44pm
Quoting bojack34
{quote} Please tell me that you're not saying you think that 911 was a "manufactured event". Do you think all of those innocent people were killed on purpose by multi-governments?
ABSOLUTELY !!!
9/11 launched the entire SECURITY BUSINESS WORLDWIDE IN EARNEST.
Dr. JUDY SMITH , one of the top scientists in the US and at the time HEAD SCIENTIST of a Major US GOV'T AGENCY , was FIRED after she had proven that it was a "DIRECT ENERGY IMPACT BEAM" launched by HAARP , by the US GOV"T from ALASKA , that destroyed the Towers.
HAARP was also used to create the earthquake and subsequent Tsunami which obliterated HAITI.

ALMOST NOBODY can recall that a hurricane remained stationary off of the coast of NYC for seven days , also done by HAARP.

In 2005 POTUS GEORGE BUSH gave a 1 hour Press Conference about the World experiencing a global pandemic.
Coincidence ? No way.
"Define the risk OUT of your trade"--Mark Douglas
  • #36,651
  • Apr 20, 2020 7:46pm Apr 20, 2020 7:46pm
Quoting Tim19876
Does anyone also experience weird price rate with WTI oil CFD? I usually trade through Axitrader. Yesterday, when oil hit $16.9, I closed all of my trades. I don't know if it's a technical bug or what, the rate got stuck at around $12 even tho TradingView and FXCM both showed price that's virtually zero. (And other showed a negative value.) Now that the market has reopened, I see very strange things. FXCM is still showing $0.09 and the market is still close, while other brokers market have opened. Oando is showing a rate that's very close to WTI...
Tim19876 , I trade thru Oanda and my WTI Price is currently $17.44
GE
"Define the risk OUT of your trade"--Mark Douglas
  • #36,652
  • Edited 9:06pm Apr 20, 2020 8:51pm | Edited 9:06pm
Quoting Tim19876
Does anyone also experience weird price rate with WTI oil CFD? I usually trade through Axitrader. Yesterday, when oil hit $16.9, I closed all of my trades. I don't know if it's a technical bug or what, the rate got stuck at around $12 even tho TradingView and FXCM both showed price that's virtually zero. (And other showed a negative value.) Now that the market has reopened, I see very strange things. FXCM is still showing $0.09 and the market is still close, while other brokers market have opened. Oando is showing a rate that's very close to WTI...
Here's a video from Lan Turner the owner of the company that makes my platform.
https://tradementors.kartra.com/videopage/ci54nxPNOsYf
Fib Traders get it right 61.8% to 78.6% of the time. NR
  • #36,653
  • Apr 20, 2020 8:56pm Apr 20, 2020 8:56pm
Quoting Tim19876
Does anyone also experience weird price rate with WTI oil CFD? I usually trade through Axitrader. Yesterday, when oil hit $16.9, I closed all of my trades. I don't know if it's a technical bug or what, the rate got stuck at around $12 even tho TradingView and FXCM both showed price that's virtually zero. (And other showed a negative value.) Now that the market has reopened, I see very strange things. FXCM is still showing $0.09 and the market is still close, while other brokers market have opened. Oando is showing a rate that's very close to WTI...
Because most FX shops use rolling contract prices. Not futures trading, front months that are rolling off tomorrow.
In futures contracts, if you buy a barrel for delivery tomorrow you will receive a barrel of oil to your door. This is why it’s negative pricing.
Trade with confidence, trade without fear.
  • #36,654
  • Apr 20, 2020 9:27pm Apr 20, 2020 9:27pm
Quoting GreenEarth
{quote} ABSOLUTELY !!! ...ALMOST NOBODY can recall that a hurricane remained stationary off of the coast of NYC for seven days , also done by HAARP. In 2005 POTUS GEORGE BUSH gave a 1 hour Press Conference about the World experiencing a global pandemic. Coincidence ? No way.
I do...what I recall it was pushed off shore. All you have to do is look at the smoke going sideways toward the coast.

Also, do know that not everyone agrees, so post at your own risk. People have a choice to remain in the dark.
Invest in Life
  • #36,655
  • Apr 20, 2020 9:30pm Apr 20, 2020 9:30pm
Quoting pipmaster77
{quote} So the futures went as low as -$37 for the May contract, with my broker price stopped at .01, thenprice stopped, couldn't modify, my broker told me on chat no liquidity. Oil opens at 7pm and gapped up to $21, which is the price I see now.
Thx for the reply Would hv clicked the like button but as a newbie, I don't hv access to that feature lol

When you mentioned no liquidity, do you mean if someone had bought in a large chunk of WTI oil as CFD, not futures of any kind, at 0.01 yesterday, through your broker, they wouldn't have had any profit at all today, when the price is at $21, once the market is open? Also, the account will be kinda wiped out, sort of? (I guess the loss will depend on how much they bought, and the diff between -37 and 0.01, etc etc)
  • #36,656
  • Apr 20, 2020 9:31pm Apr 20, 2020 9:31pm
NC short doing well...did not load up, like I should have, but still good start of week.
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Invest in Life
  • #36,657
  • Apr 20, 2020 10:00pm Apr 20, 2020 10:00pm
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  • #36,658
  • Apr 20, 2020 10:03pm Apr 20, 2020 10:03pm
Quoting GreenEarth
{quote} Tim19876 , I trade thru Oanda and my WTI Price is currently $17.44 GE
Sorry, I got it mixed up lol...IG is the one who's showing a price very close to WTI Jun future rate

Ya, that's the part I don't understand. Axitrader, Oanda, IG and FXCM are all showing diff rates for WTI. (FXCM does not even have the market open for WTI the last time I checked.) One broker is showing ~$12, one is showing ~$17, one is showing ~$21 etc etc. All these are supposed to be CFD, not futures. So, what is the price based on? The reason why I can't seem to get over this, is because under normal conditions, major brokers provide a rate/price that's very close to each other. So, in a way, if a broker does something shady, you can always cross check with other brokers. But now almost all of them are showing a very different rate...

I understand the part why it got negative yesterday, because they are running out of storage space for oil, high transportation cost, super low demands, most ppl who bought it in the first place only did it for trading, they never needed the real physical oil, so they all rushed to sell it, etc etc And the future contract is due to expire on 21st Apr and all that...I understand all these...

The part that I am super confused with, is will all these brokers who show diff prices in WTI oil CFD, eventually sync their price at some point?
  • #36,659
  • Apr 20, 2020 10:15pm Apr 20, 2020 10:15pm
Quoting ppxdf
{image}
fake news. someone wanted those cheap dollars

https://www.forexlive.com/news/!/chi...y-ill-20200421
  • #36,660
  • Apr 20, 2020 11:15pm Apr 20, 2020 11:15pm
An unprecedented thing happened. Crude oil futures prices fell to minus -40 usd
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