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WTI Crude Oil Trading

  • #7,501
  • Apr 21, 2020 4:46am Apr 21, 2020 4:46am
Quoting tonny47
{quote} so the market will close?
I don't now if the widen the ciruit breakers normally like in ES for example you can't trade for a certain amount of time.

https://www.cmegroup.com/trading/pri...ts.html#energy
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persistence and determination alone are omnipotent
  • #7,502
  • Apr 21, 2020 4:47am Apr 21, 2020 4:47am
Crazy bounce, from below 13 dollars to above 17 dollars now...sick day
COT: The precious data ignored
  • #7,503
  • Apr 21, 2020 4:47am Apr 21, 2020 4:47am
I can't believe I was trying to catch this falling knife.
  • #7,504
  • Apr 21, 2020 4:49am Apr 21, 2020 4:49am
No reaction from D. Trump. When will he Twitter?

I think also Saudis don' t want this low Price...
  • #7,505
  • Apr 21, 2020 4:50am Apr 21, 2020 4:50am
17,13 down again??
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persistence and determination alone are omnipotent
  • #7,506
  • Apr 21, 2020 4:50am Apr 21, 2020 4:50am
Quoting kuroro001
Crazy bounce, from below 13 dollars to above 17 dollars now...sick day
Not supposed to trade CL until NY open
Appreciation is the key to wealth and happiness
  • #7,507
  • Apr 21, 2020 4:50am Apr 21, 2020 4:50am
Quoting renkotop
No reaction from D. Trump. When will he Twitter?
He informed PPT to buy i guess
persistence and determination alone are omnipotent
  • #7,508
  • Apr 21, 2020 4:56am Apr 21, 2020 4:56am
Quoting Ll1979
{quote} He informed PPT to buy i guess
PPT is what? Sorry for that Question...
  • #7,509
  • Apr 21, 2020 4:57am Apr 21, 2020 4:57am
Quoting likica
{quote} Not supposed to trade CL until NY open
yes , if you want to gain 406 $ in 10 minutes.
yes , it was very risky , but this is not logic price for oil .
if i don't buy this price , i can't look at myself in the mirror
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yes yes yes
  • #7,510
  • Apr 21, 2020 5:00am Apr 21, 2020 5:00am
Quoting renkotop
{quote} PPT is what? Sorry for that Question...
No problem PPT stands for Plunge Protection Team

more info:

https://www.investopedia.com/terms/p...ction-team.asp
persistence and determination alone are omnipotent
  • #7,511
  • Apr 21, 2020 5:01am Apr 21, 2020 5:01am
Massive buying!!!

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COT: The precious data ignored
  • #7,512
  • Apr 21, 2020 5:04am Apr 21, 2020 5:04am
Quoting Moty
{quote} but this is not logic price for oil . if i don't buy this price , i can't look at myself in the mirror {image}
I found it many years ago there was no logic in the markets. Only emotions. Fear and greed. And a lot, a lot of folly.
For my fallen angels.
  • #7,513
  • Apr 21, 2020 5:08am Apr 21, 2020 5:08am
Quoting Moty
{quote} yes , if you want to gain 406 $ in 10 minutes. yes , it was very risky , but this is not logic price for oil . if i don't buy this price , i can't look at myself in the mirror {image}
Don't buy oil, at the moment buying oil or even selling for that matter it's nothing more than a gamble.
There are ways to trade this market but If you are looking at any time frame higher than 1min atm, you are gambling
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  • #7,514
  • Apr 21, 2020 5:09am Apr 21, 2020 5:09am
Quoting Yonex1337
I trade with two brokers, Dukascopy and FxPro, and was planning to load up long positions if the price got close to/around 0. So I asked them (Dukascopy and FxPro) about WTI and BRENT. Both brokers confirmed that the CFD/spot price can actually go below 0...
IC Markets also confirmed that the price CAN go below 0. XTIUSD on ICMarkets was 5.67 at the lowest (12:33 on their MT5 platform).

Crazy times...
  • #7,515
  • Apr 21, 2020 5:15am Apr 21, 2020 5:15am
Quoting Moty
{quote} yes , if you want to gain 406 $ in 10 minutes. yes , it was very risky , but this is not logic price for oil . if i don't buy this price , i can't look at myself in the mirror {image}
wow good for you to have that bag of pips
I would need more confirmation than just looking at that S or whatever line on the chart to see if I were likely hit by a big bear (I am talking about day trading)
Appreciation is the key to wealth and happiness
  • #7,516
  • Apr 21, 2020 5:22am Apr 21, 2020 5:22am
Sh@t, I abandoned my original plan to buy @$12 with large order. Was just too scared seeing it collapsing as it did.

I think we hit the bottom for next few days at least
  • #7,517
  • Apr 21, 2020 5:28am Apr 21, 2020 5:28am
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yes yes yes
  • #7,518
  • Apr 21, 2020 5:29am Apr 21, 2020 5:29am
Quoting tonny47
Sh@t, I abandoned my original plan to buy @$12 with large order. Was just too scared seeing it collapsing as it did. I think we hit the bottom for next few days at least
Don't beat yourself up champ! These market conditions defy all logic.

Better save than sorry
persistence and determination alone are omnipotent
  • #7,519
  • Apr 21, 2020 5:37am Apr 21, 2020 5:37am
Quoting ytong
In another thread: {image} Just for a smile
Yep nobody wants to take possession of WTI since they have no place to store it
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  • #7,520
  • Apr 21, 2020 6:39am Apr 21, 2020 6:39am
Quoting tonny47
{quote} are you referring to May contract? I hope not. Or any contract really in hindsight honestly, I wish i was shorting but burned in the past so promised myself i will be waiting for longs only. Lol, i think i am missing out on the opportunity of the lifetime
Don't know about contract. I trade with oanda. I buy and sell it like fx instruments...

Regards

Chriss
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