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WTI Crude Oil Trading

  • #8,161
  • May 14, 2020 1:51pm May 14, 2020 1:51pm
me +1.1 k
JimB2468 +800

If market doesn't move and you try to catch runners - it is hard. // you don't know when exactly it is gonna move. But you cant catch runners if you dont try,,,,when you try you loose in the choppiness//.

When you are skittish like me, i am a bit better off in jittery market, but if the market makes moves I miss on lots of money and also i have to wait much longer for another entry.
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making money in JimB2468 trading room
  • #8,162
  • May 14, 2020 1:58pm May 14, 2020 1:58pm
wti is still very bullish. barely able to even pull back
  • #8,163
  • May 14, 2020 3:33pm May 14, 2020 3:33pm
Quoting auricforecas
{quote} 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...
happy to see gains! I need to close position before rolloever next week in my broker. I don't have swaps untill rollover. then its really nasty. As mentioned i lost lot of money last month on oil and need to get them back.

My entry points - rectangles
My possible TP - circle

wondering if it has enough strength to brake 31.80 for move higher or it will be stopped there and bounce will be required? Or close everything and wait for new contract. Always lots of questions )
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  • #8,164
  • May 14, 2020 4:08pm May 14, 2020 4:08pm
Today was a good day for WTI going up by $2.13 or 9%.
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  • #8,165
  • May 15, 2020 2:40am May 15, 2020 2:40am
We are entering the last resistances...next ones are 10% higher, then gap filling (40% higher !!!!)
COT: The precious data ignored
  • #8,166
  • May 15, 2020 3:15am May 15, 2020 3:15am
Quoting kuroro001
We are entering the last resistances...next ones are 10% higher, then gap filling (40% higher !!!!)
Honestly, did not see the price going as high as it is for another month or more. Now don't even know what to think
  • #8,167
  • May 15, 2020 3:15am May 15, 2020 3:15am
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'?
Cain is fca regulated so you might consider this approach

https://www.fca.org.uk/consumers/how-complain
persistence and determination alone are omnipotent
  • #8,168
  • May 15, 2020 3:25am May 15, 2020 3:25am
Quoting tonny47
{quote} Honestly, did not see the price going as high as it is for another month or more. Now don't even know what to think
I wouldn't be surprised to see oil 50 dollars for summer

But i have to admit that with such move down, one wouldn't expect such a steep rise.

We bumped right into the ultimate important resistance to me.

A retrace here may lead to 2/3 dollars down....if cleared its another potential 5 dollars up
COT: The precious data ignored
  • #8,169
  • May 15, 2020 3:41am May 15, 2020 3:41am
dear traders
some brokers provide wti price at 9$ is that right or fake
if right how they get this price??
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  • #8,170
  • May 15, 2020 4:31am May 15, 2020 4:31am
Quoting LloydOz
{quote} 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.
Thanks so much, it is not my account, but many of my friends got this same problem, I will persuade them to ask help with lawyers, they are trying to suit GAIN Capital in USA now.
Forex, my love!
  • #8,171
  • May 15, 2020 4:32am May 15, 2020 4:32am
Quoting Ll1979
{quote} Cain is fca regulated so you might consider this approach https://www.fca.org.uk/consumers/how-complain
Hi, yes, my friends submit this, but many of them are using GAIN Capital Cayman, in this case, FCA did not work, right?
Forex, my love!
  • #8,172
  • May 15, 2020 4:55am May 15, 2020 4:55am
[quote = bel3ouchi; 12942132] queridos comerciantes, algunos corredores ofrecen precios wti a 9 $ ¿es correcto o falso si es correcto cómo obtienen este precio? {imagen} [/ cita]
admiral markets
  • #8,173
  • May 15, 2020 8:54am May 15, 2020 8:54am
Bit of resistance here but WTI still very bullish would be surprised if it held today
  • #8,174
  • May 15, 2020 11:51am May 15, 2020 11:51am
Second attempt to hit R @ 32.50 rejected. Bulls need some more strength to move it higher.
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  • #8,175
  • May 15, 2020 12:54pm May 15, 2020 12:54pm
Its crushing all resistance, resistances don't exist anymore in the oil market

No short yet, above all resistances, no divergences, no reversal candles....let the machine go
COT: The precious data ignored
  • #8,176
  • May 15, 2020 1:24pm May 15, 2020 1:24pm
my two cents based on how this week ended, Next week will be even more bullish. they want oil higher and i doubt they will stop pushing it up until its at a profitable level once again, best to not over analyze and go with the flow, the trend is up
  • #8,177
  • May 15, 2020 1:25pm May 15, 2020 1:25pm
wouldn't be surprised if we got a big gap up on monday (not advising anyone to hold a trade over the weekend)
  • #8,178
  • May 15, 2020 3:10pm May 15, 2020 3:10pm
#BRENT

The path to 34.40 is open now i assume I was sceptic but bulls showed their strenght. Set TP to 36USD and i will re-enter on the bounce.
So far so good Hope to close it by 19th May, since its the day for contract rollover in my broker.
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  • #8,179
  • May 15, 2020 4:15pm May 15, 2020 4:15pm
WTI went up by $1.51 today so it was a good day. Since I trade using Renko it was a lousy day for me. For those who prefer trading on a H1 chart it was great
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  • #8,180
  • May 16, 2020 10:45am May 16, 2020 10:45am
Is it depravity or the right thing to do? As for me I hate paying income tax that will be used to enrich executives that don't deserve a break.

As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little-noticed provision in the stimulus bill Congress passed in March to get a $9.7 million tax refund. Then, it asked a bankruptcy judge to authorize the same amount as bonuses to nine executives.

Here is the full story: https://www.bloombergquint.com/polit...-oil-companies
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