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  • #8,141
  • May 13, 2020 10:49am May 13, 2020 10:49am
Quoting TaoJin88
"We will rebate from our own funds to our customers who were locked in with a long position during the time the price was negative any losses they suffered below zero."
Must be billionaire speak. Suitably opaque and ambiguous, complete with a double negative? Not very precise about who it includes, really.

Anyway, the nature of the man is that he knows IB is in deep trouble on at least two outstanding legal issues, and wants out to avoid much bigger problems including a possible class action and adverse negative publicity about their penny pinching on some pretty basic coding.

IB will avoid if they splash a bit of cash around and it will all be forgotten. Personally, if I was the dude who lost 9 million, I wouldn't accept a sorry, oops, lets just rub it out and pretend it didn't happen. Go for the jugular.
  • #8,142
  • May 13, 2020 11:12am May 13, 2020 11:12am
I must say that I am am more confident in WTI now... Well sure no STRONG UP yet, but you know what... I'want ti to climb slowly... Usual if it rises/falls to fast, there are reversals/corrections and I do not like those... at least not for certain/main trading.... I think we might see a SING of RISE... Will be confirmed in LESS than a week.. Most probably..in first 2 days of next week... And then, we ENJOY the CLIMB? Slowly but steady for me please, so that I can afford considerable leverage by doing it... And also ATTACK in in parallel, cheetah style, as always, if/when opportunity presents itself...
Can you afford to take that chance?
  • #8,143
  • May 13, 2020 11:38am May 13, 2020 11:38am
Quoting Fx4Lving
Based on Abonacci Levels , it is a good time to go short to reach 21.44. {image}
This is what I am expecting
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  • #8,144
  • May 13, 2020 12:51pm May 13, 2020 12:51pm
Quoting Fx4Lving
{quote} This is what I am expecting {image}
you got in at very good price, well done
  • #8,145
  • May 13, 2020 1:18pm May 13, 2020 1:18pm
very slow day,,at least it felt like.

me minus -100 //after commission//

Jimb2468 +710
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making money in JimB2468 trading room
  • #8,146
  • May 13, 2020 1:36pm May 13, 2020 1:36pm
feckless trading day. i think they are just moving it around to screw with retail traders. news caused a spike above the range and then a nice dip below range late in the session
  • #8,147
  • May 13, 2020 4:16pm May 13, 2020 4:16pm
WTI went up only by $0.17 today but there were 2 good trades within the trade range of $1.26
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  • #8,148
  • May 13, 2020 6:30pm May 13, 2020 6:30pm
the Daily Chart looks like a bullish pennant. almost all profits that I've made 3weeks ago were burned trying to trade the range. any idea when price may breakout from this range?
I seek not to tame the market, only to share a nice walk together with it..
  • #8,149
  • May 13, 2020 8:40pm May 13, 2020 8:40pm
Quoting KoachR
the Daily Chart looks like a bullish pennant. almost all profits that I've made 3weeks ago were burned trying to trade the range. any idea when price may breakout from this range?
just when you least expect it, it will bust out. News hasn’t been able to make it break north so I suspect a pull back first
  • #8,150
  • May 13, 2020 11:59pm May 13, 2020 11:59pm
Quoting LloydOz
{quote} Must be billionaire speak. Suitably opaque and ambiguous, complete with a double negative? Not very precise about who it includes, really. Anyway, the nature of the man is that he knows IB is in deep trouble on at least two outstanding legal issues, and wants out to avoid much bigger problems including a possible class action and adverse negative publicity about their penny pinching on some pretty basic coding. IB will avoid if they splash a bit of cash around and it will all be forgotten. Personally, if I was the dude who lost 9 million,...
GAIN Capital did not do the same, they get money from clients, with the price at $-37, and the product is CFD, not real future, how to get their 'jugular'?
Forex, my love!
  • #8,151
  • May 14, 2020 2:52am May 14, 2020 2:52am
Quoting Fx4Lving
{quote} This is what I am expecting {image}
I closed my short position as if it was supposed to go down, it would not come up again to go above 26.23 .
So according to Abonacci calculator levels, it can go up to 27.11.
So right @ 26.14 now I go long and TP=27.11 SL=25.30 .
Attached Image (click to enlarge)
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  • #8,152
  • May 14, 2020 3:45am May 14, 2020 3:45am
I would be cautious with longs with wti close to expiry. personally, i dont think prices will go negative but wouldnt be surprised to see selloff in the next day or two
"CFTC warns oil prices could go negative again"
https://www.forexlive.com/news/!/cft...again-20200514
  • #8,153
  • May 14, 2020 4:34am May 14, 2020 4:34am
Still looking for a 1 to 3 dollars upside until facing strong resistance.

if its cleared like butter...full upside mode
COT: The precious data ignored
  • #8,154
  • May 14, 2020 5:58am May 14, 2020 5:58am
Quoting auricforecas
{quote} Guys, check the market NOW! I would strongly encourage to BUY IT right now, if you are not in the BUY already that it... TIMESTAMPED. Watch this.
Quoting mario83
{quote} well it have not worked out so far. Figures were bad and oil price went south lets see how big will be correction however i dont feel anything bigger will happen 1-2usd max unless 2nd wave concerns get attention of the markets.
Quoting auricforecas
{quote} Well yeah, in the bigger game/picture no, but I am looking for smaller timeframes also, at higher leverage... in parallel to long-term trading... Would I wanted more or even expected more at that entry? Yes... but I still consider it as a good entry, specially for short-term high-leverage spike... Also this part of the day are not the best, I prefer LON times... To get my views re-established on longer time frame, I think I will have to wait for about (less than) a week, to get some glimpse I hope... since pretty chaotic, still.. But if...
With some delay, but not that much, it went UP now... I hope it will stay at that trajectory now... I will re-deposit the TE, most likely, on TUE, should things (continue) to go well.. and will display it here (in the thread of mine).
Can you afford to take that chance?
  • #8,155
  • May 14, 2020 6:07am May 14, 2020 6:07am
Quoting auricforecas
{quote} {quote} {quote} With some delay, but not that much, it went UP now... I hope it will stay at that trajectory now... I will re-deposit the TE, most likely, on TUE, should things (continue) to go well.. and will display it here (in the thread of mine).
Fingers crossed! I was afraid of LH / LL on PA but finally it was broken. We have a nice movement up and i hope it to continue.
  • #8,156
  • May 14, 2020 9:59am May 14, 2020 9:59am
Quoting TaoJin88
{quote} GAIN Capital did not do the same, they get money from clients, with the price at $-37, and the product is CFD, not real future, how to get their 'jugular'?
Seek proper legal advice.

After digesting the contract you have with Gain, and the exact facts of the situation, clarification may be sought from Gain. What happens after that is how much you are prepared to spend on legals.

In the circumstances, should Gain cave in to any demand from your lawyer, Gain will probably attach a condition of confidentiality to any settlement.
  • #8,157
  • May 14, 2020 11:46am May 14, 2020 11:46am
Quoting mario83
{quote} Fingers crossed! I was afraid of LH / LL on PA but finally it was broken. We have a nice movement up and i hope it to continue.
I bet you are a happy camper now But I (at the current) strategy.. would trade daily on this one... just in case of some surprises.. So the idea that I am following atm is to trade (shave profits) many times vs just holding one.. But If I understand you bought really low on 21APR.. so for you it might be different I also think you might be in a very safe spot if you opened at lows of that days... The only thing are the possible high swaps that you are paying but they might be repaid with the rise right

I also hope/expect it to rise slowly... to enter/exit it daily or weekly tops (and do not think I would have positions longer than month even if they got stuck)...
But will see how it develops.. I will be very focused on MON, TUE in particular.. I hope we can get some GLIMPSE of the 6month future ahead by then ;D

I'm planing on posting LIVE TE soon, in my thread on the matter. Probably next week, should things continue to go well..
Can you afford to take that chance?
  • #8,158
  • May 14, 2020 11:53am May 14, 2020 11:53am
Quoting Fx4Lving
{quote} I closed my short position as if it was supposed to go down, it would not come up again to go above 26.23 . So according to Abonacci calculator levels, it can go up to 27.11. So right @ 26.14 now I go long and TP=27.11 SL=25.30 . {image}
Target hit at 27.11. The way opened for 30
  • #8,159
  • May 14, 2020 11:58am May 14, 2020 11:58am
It sure looks like WTI is trying to break out from here. The volume levels are a little low so I wouldn't have a ton of confidence. Some critical levels being broken in the futures market. Be careful because there's still a lot of talk about these June contracts testing negative territory again.
Attached Image (click to enlarge)
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  • #8,160
  • May 14, 2020 12:39pm May 14, 2020 12:39pm
My first resistance hit to the pip ! I think its like the 2nd time it happened to me

Got 2 more resistances 1,5/1,8 dollars up

Lets see
COT: The precious data ignored
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