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

  • #261
  • May 14, 2020 4:11pm May 14, 2020 4:11pm
Best day for WTI for a long time. It went up by $2.13 or 9% today.
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  • #262
  • May 15, 2020 2:02am May 15, 2020 2:02am
Crude oil prices have risen. after it has scanned the stop loss nearly. Now, I really want to buy oil but I must say I'm afraid it will come down again
  • #263
  • May 15, 2020 4:36am May 15, 2020 4:36am
Quoting kavanto
Crude oil prices have risen. after it has scanned the stop loss nearly. Now, I really want to buy oil but I must say I'm afraid it will come down again
Yeah, I agree on both I do not like to fast rise since yeah, corrections can come... On the positive note is that WTI has been extremely/historic low so it has to "equalise the pressure" faster now I will wait for the next few days of next week, before throwing any larg(er) deposit at it... I want to estimate the timeframe of rise and possible rate/slope... and then will trade accordingly.. the smoother, the better the leverage... but if there will be "surprises" that we saw in the past months... would rather be conservative and trade only on shorter timeframe(s).
Can you afford to take that chance?
  • #264
  • May 15, 2020 4:12pm May 15, 2020 4:12pm
Quoting auricforecas
{quote} Yeah, I agree on both I do not like to fast rise since yeah, corrections can come... On the positive note is that WTI has been extremely/historic low so it has to "equalise the pressure" faster now I will wait for the next few days of next week, before throwing any larg(er) deposit at it... I want to estimate the timeframe of rise and possible rate/slope... and then will trade accordingly.. the smoother, the better the leverage... but if there will be "surprises" that we saw in the past months... would rather be conservative...
Well Auric you don't like a fast rise so the market listened to you with WTI going up $1.51 or 7% today. Since I trade WTI using Renko it was a lousy day
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  • #265
  • May 15, 2020 4:43pm May 15, 2020 4:43pm
Quoting Hutch
{quote} Well Auric you don't like a fast rise so the market listened to you with WTI going up $1.51 or 7% today. Since I trade WTI using Renko it was a lousy day {image}
Nice! I will decide how much I'll deposit for displayed LIVE TE 2020 (WTI)... Most probably next week... just have to see if this trajectory/trend will stabilise/lock itself...
Now the indications would imply so... EU releasing lockdowns, at least in some parts... Just got msg today from LH that they are BACK... starting JUN So then we shall see very quickly, due to EXP function of pandemics... if it is fading or not.. since this will the the "ultimate test".. intercontinental flights reestablished etc...

Their (part of the) message...

Our June flight schedule offers over 130 destinations Starting in June,... ....will once again fly to many sunny summer destinations and offer numerous intercontinental connections. Eighty aircraft will be reactivated with the “June flight plan,” allowing for travel to 106 destinations in Germany and Europe in the coming month....

So you see, we shall see FAST! When all the international passenger mix... and if corona is fading, it is fading.. else... REPEAT... That will be the major component...
Meanwhile/till then... for the end of this month... I would bet on WTI going as now... UP... But have to see this next week!
Can you afford to take that chance?
  • #266
  • May 18, 2020 5:39am May 18, 2020 5:39am
Quoting auricforecas
{quote} Nice! I will decide how much I'll deposit for displayed LIVE TE 2020 (WTI)... Most probably next week... just have to see if this trajectory/trend will stabilise/lock itself... Now the indications would imply so... EU releasing lockdowns, at least in some parts... Just got msg today from LH that they are BACK... starting JUN So then we shall see very quickly, due to EXP function of pandemics... if it is fading or not.. since this will the the "ultimate test".. intercontinental flights reestablished etc... Their (part of the) message......
Ok, nice... maybe markets picked up on all those things.. Going up "like crazy" now.. at least compared to months of torture before So it looks like we are in an UPTREND.. but just to avoid certain surprises.. will wait a few days before I throw some bigger money into it.. betting on UP of course.
Can you afford to take that chance?
  • #267
  • May 18, 2020 1:27pm May 18, 2020 1:27pm
Should things continue to go well, we might get LIVE TE (public) running by the end of this week, or beginning of the next...
Can you afford to take that chance?
  • #268
  • May 18, 2020 4:06pm May 18, 2020 4:06pm
Quoting auricforecas
Should things continue to go well, we might get LIVE TE (public) running by the end of this week, or beginning of the next...
WTI keeps going up. Today by $2.54 or 11%, As for me I only trade on a short-term basis so today was good although I don't like the chart going up at a 45 degree angle
Attached Image (click to enlarge)
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  • #269
  • May 18, 2020 4:09pm May 18, 2020 4:09pm
Quoting Hutch
{quote} WTI keeps going up. Today by $2.54 or 11%, As for me I only trade on a short-term basis so today was good although I don't like the chart going up at a 45 degree angle {image}
Totally with you on that one man... On both of the points... But also, I also/always compare day trading vs keeping one big long.. specially at strong/constant trend.. because if I could, I would much prefer to have ONE position and SLEEP while it gets compounded... But so far, it appeared that day trading brings more money down the road, and also we are less exposed.... Will see what happens, FAST!
Can you afford to take that chance?
  • #270
  • May 19, 2020 4:07pm May 19, 2020 4:07pm
The 45 degree angle was broken today. The WTI remained stable losing $0.17.
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  • #271
  • May 20, 2020 3:06am May 20, 2020 3:06am
Quoting Hutch
The 45 degree angle was broken today. The WTI remained stable losing $0.17. {image}
It seems we would have to wait for the UP-ride to re-establish itself I am out of the market till it does so...
Can you afford to take that chance?
  • #272
  • May 20, 2020 4:10pm May 20, 2020 4:10pm
Quoting auricforecas
{quote} It seems we would have to wait for the UP-ride to re-establish itself I am out of the market till it does so...
The WTI up-ride re-establish itself today gaining $1.45 or 6% and unlike yesterday it was a good trading day
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  • #273
  • May 21, 2020 4:07pm May 21, 2020 4:07pm
Having two good trading days in a row is nice although WTI went up by only $0.57 or 2%.
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  • #274
  • May 22, 2020 4:12pm May 22, 2020 4:12pm
Wednesday and Thursday WTI chart patterns were quite similar and gave a few good trades but these pale as compared to today.
Although WTI went down by $0.27 today the daily trading range was $2.59 providing two excellent trades.
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  • #275
  • May 25, 2020 12:24am May 25, 2020 12:24am
Quoting Hutch
Wednesday and Thursday WTI chart patterns were quite similar and gave a few good trades but these pale as compared to today. Although WTI went down by $0.27 today the daily trading range was $2.59 providing two excellent trades. {image}
Tnx man, for updating us, it is very helpful, serious. I am interested how it will play out today, since so many holidays... US, UK and post-Ramadan celebration... But regardless, I have decided to stay in the markets, even today.. So betting at WTI going up, still/regardless (or because of it)
Can you afford to take that chance?
  • #276
  • May 25, 2020 4:21pm May 25, 2020 4:21pm
Quoting auricforecas
{quote} Tnx man, for updating us, it is very helpful, serious. I am interested how it will play out today, since so many holidays... US, UK and post-Ramadan celebration... But regardless, I have decided to stay in the markets, even today.. So betting at WTI going up, still/regardless (or because of it)
Quite good given that the UK and US markets were closed and also with most brokers stopping trading early I was amazed to see that WTI went up by $0.81 or 3%
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  • #277
  • May 26, 2020 8:59am May 26, 2020 8:59am
Quoting Hutch
{quote} Quite good given that the UK and US markets were closed and also with most brokers stopping trading early I was amazed to see that WTI went up by $0.81 or 3% {image}
Yeah, it seems WTI has too much PUSH to do and doesn't have time to wait for anyone And still rising now.
Can you afford to take that chance?
  • #278
  • May 26, 2020 4:09pm May 26, 2020 4:09pm
Quoting auricforecas
{quote} Yeah, it seems WTI has too much PUSH to do and doesn't have time to wait for anyone And still rising now.
WTI did not rise a lot today only $0.57 or 2% but produced a few good trades again
Attached Image (click to enlarge)
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  • #279
  • May 27, 2020 1:55am May 27, 2020 1:55am
Quoting Hutch
{quote} WTI did not rise a lot today only $0.57 or 2% but produced a few good trades again {image}
Seems like it was stalling but today is dropping... So until it starts to rise again, I'm not entering this market... And I won't jump on the first sign of the rise either...
Need some a bit longer sign/trend before I am re-entering... Specially since some recent news about RU wanting to ease cuts etc...
Can you afford to take that chance?
  • #280
  • May 27, 2020 4:18pm May 27, 2020 4:18pm
Quoting auricforecas
{quote} Seems like it was stalling but today is dropping... So until it starts to rise again, I'm not entering this market... And I won't jump on the first sign of the rise either... Need some a bit longer sign/trend before I am re-entering... Specially since some recent news about RU wanting to ease cuts etc...
You were right stalling changed to dropping since WTI lost $1.39 or 5% with only one solid trade.
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