WTI Crude Oil Trading | Page 379 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #7,561
  • Apr 21, 2020 12:52pm Apr 21, 2020 12:52pm
Gents need advice from more expeirence traders.

I'm caught in LONG position and today is rollover on BRENT i'm trading. I can handle swap cost and deposit is enough to keep it.
Shall i wait for rebound or face the truth and kill long positions until demand is solved?

Next contract is 24.71USD and currnet price is 18USD so swap will hurt and most likely next month contract is doomed as well. I can go short to hedge but most of the time there is timing issue so its not easy to catch low and the hold bad position until it comes back to neutral. what do you advice?

thanks
  • #7,562
  • Apr 21, 2020 12:53pm Apr 21, 2020 12:53pm
Quoting Ll1979
Around 5.xx circuit breakers will be activated {image}
Long term trade will be awesome here....
COT: The precious data ignored
  • #7,563
  • Apr 21, 2020 12:54pm Apr 21, 2020 12:54pm
A moment in time to make enormous amount of money.
  • #7,564
  • Apr 21, 2020 1:04pm Apr 21, 2020 1:04pm
Message from my FX/CFD broker.


Hello,

Our Prime Broker has notified us that they will only be accepting closing of trades for the XTIUSD (Oil) until further notice. If you are unable to close your position in the XTIUSD, please contact our office and we will place the order for you. We will send out another update once additional information is available.

Thank You,

ATC BROKERS
persistence and determination alone are omnipotent
  • #7,565
  • Apr 21, 2020 1:09pm Apr 21, 2020 1:09pm
Quoting Ll1979
Message from my FX/CFD broker. Hello, Our Prime Broker has notified us that they will only be accepting closing of trades for the XTIUSD (Oil) until further notice. If you are unable to close your position in the XTIUSD, please contact our office and we will place the order for you. We will send out another update once additional information is available. Thank You, ATC BROKERS
So you can't open trades? yikes
  • #7,566
  • Apr 21, 2020 1:11pm Apr 21, 2020 1:11pm
Quoting Kwame Freder
{quote} So you can't open trades? yikes
I only trade CL futures so no problem for but some of you might face similar problems in the future.
persistence and determination alone are omnipotent
  • #7,567
  • Apr 21, 2020 1:13pm Apr 21, 2020 1:13pm
Quoting Ll1979
{quote} I only trade CL futures so no problem for but some of you might face similar problems in the future.
I only have oil ETF, i wonder what will happen, if they will liquidate or let it forever
COT: The precious data ignored
  • #7,568
  • Apr 21, 2020 1:15pm Apr 21, 2020 1:15pm
Can they liquidate without your approval even with enough money in acc?
  • #7,569
  • Apr 21, 2020 1:17pm Apr 21, 2020 1:17pm
Quoting mario83
Gents need advice from more expeirence traders. I'm caught in LONG position and today is rollover on BRENT i'm trading. I can handle swap cost and deposit is enough to keep it. Shall i wait for rebound or face the truth and kill long positions until demand is solved? Next contract is 24.71USD and currnet price is 18USD so swap will hurt and most likely next month contract is doomed as well. I can go short to hedge but most of the time there is timing issue so its not easy to catch low and the hold bad position until it comes back to neutral. what...
To be honest nobody knows what is going to happen. TA and FA are not favoring the bulls atm.

I don't know what your initial trade plan was but if it's not valid anymore or your suffering health issues (stress/not able to sleep etc) i would kill it. This mess isn't over in a few days.
persistence and determination alone are omnipotent
  • #7,570
  • Apr 21, 2020 1:17pm Apr 21, 2020 1:17pm
Quoting merquise
Can they liquidate without your approval even with enough money in acc?
They can delist the ETF, but usually they do it when it terminates because its at 0, or because they don't have enough clients pouring money into their ETF

With oil it shouldn't be the case, unless oil crash 100% during the day
COT: The precious data ignored
  • #7,571
  • Apr 21, 2020 1:20pm Apr 21, 2020 1:20pm
Nice comeback but will it break above structure
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 15 KB
persistence and determination alone are omnipotent
  • #7,572
  • Apr 21, 2020 1:23pm Apr 21, 2020 1:23pm
Quoting Ll1979
{quote} To be honest nobody knows what is going to happen. TA and FA are not favoring the bulls atm. I don't know what your initial trade plan was but if it's not valid anymore or your suffering health issues (stress/not able to sleep etc) i would kill it. This mess isn't over in a few days.
i was planning to hold it for month / two until economy is restart but i don't know what happens to be honest. I did not expected events that happened yesterday on WTI and today on brent. It went from 24 to 18USD in couple of hours.

I don't know if i shall keep until it settles or close it. Emotionally i can handle that, my depo still can handle. It was suppose to be long term golden trade
  • #7,573
  • Apr 21, 2020 1:24pm Apr 21, 2020 1:24pm
If you like volatility....oil is for you

Its crazy...like 100% rise from bottom now
COT: The precious data ignored
  • #7,574
  • Apr 21, 2020 1:26pm Apr 21, 2020 1:26pm
Quoting mario83
{quote} i was planning to hold it for month / two until economy is restart but i don't know what happens to be honest. I did not expected events that happened yesterday on WTI and today on brent. It went from 24 to 18USD in couple of hours. I don't know if i shall keep until it settles or close it. Emotionally i can handle that, my depo still can handle. It was suppose to be long term golden trade
buyers kicking in
Attached Image
persistence and determination alone are omnipotent
  • #7,575
  • Apr 21, 2020 1:31pm Apr 21, 2020 1:31pm
Retest for another leg up
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 20 KB
persistence and determination alone are omnipotent
  • #7,576
  • Apr 21, 2020 1:32pm Apr 21, 2020 1:32pm
did ic markets disabled your trading?
  • #7,577
  • Apr 21, 2020 1:32pm Apr 21, 2020 1:32pm
i cant copy info from my terminal but:
Attached Image
  • #7,578
  • Apr 21, 2020 1:40pm Apr 21, 2020 1:40pm
on a positive note the down side is becoming more and more limited
  • #7,579
  • Apr 21, 2020 1:43pm Apr 21, 2020 1:43pm
Hey,

price right now at 11,40... I'm adding next longs again. Amazing, this is like 2007/2008 as fx gone crazy.

For all buyers, no leverage right now... doubling up when the bullish train starts...
  • #7,580
  • Apr 21, 2020 1:46pm Apr 21, 2020 1:46pm
"These moves of offering discounts and fighting for market share are sending out all the wrong messages to the market, it simply means the price war isn't over," said a senior Gulf-based trader.

http://www.energyintel.com/pages/eig...s-1070303&ts=1
11 traders viewing now