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WTI Crude Oil Trading

  • #8,381
  • Jun 3, 2020 2:26pm Jun 3, 2020 2:26pm
Quoting tonny47
{quote} this is what I was referring to. just when i gave up for the day... damn! and keeps going lower - would have been 40+ cents in profit now. {image}
Why the f@@k is this happening to me - dropped to 36.17 in minutes after I posted. That one short I didnt take today
  • #8,382
  • Jun 3, 2020 2:29pm Jun 3, 2020 2:29pm
Quoting tonny47
{quote} this is what I was referring to. just when i gave up for the day... damn! and keeps going lower - would have been 40+ cents in profit now. {image}


It happens. You will find that a lot of markets that have set opening and closing periods will usually have moves early in the session or late in the session as day traders try to exit before market close due to overnight fees.


Anyway, daytrading is good for new grey hair, but if it suits you...fair enough. Tomorrows another day. btw, you did have a nice sharp fall.
  • #8,383
  • Jun 3, 2020 2:30pm Jun 3, 2020 2:30pm
Quoting EventsTrader
Crude falling off a cliff. No news?{image}
nothing i am aware off
  • #8,384
  • Jun 3, 2020 2:33pm Jun 3, 2020 2:33pm
Quoting EventsTrader
Crude falling off a cliff. No news?{image}
its not falling off a cliff, more like clearing out longs. probably means a big move coming later
  • #8,385
  • Jun 3, 2020 2:34pm Jun 3, 2020 2:34pm
Quoting Kwame Freder
{quote} its not falling off a cliff, more like clearing out longs. probably means a big move coming later
Move looks like it's happening sooner rather than later. Popping back up. Talk about a whip.

Quoting tonny47
{quote} Why the f@@k is this happening to me - dropped to 36.17 in minutes after I posted. That one short I didnt take today
Looks like a good move to stay out. Just made a lot of it back very quickly.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #8,386
  • Jun 3, 2020 2:39pm Jun 3, 2020 2:39pm
This is too much for me to process

Still think its going down but don't want to be caught up in the middle of this mess
  • #8,387
  • Jun 3, 2020 2:43pm Jun 3, 2020 2:43pm
Quoting seth10
{quote} It happens. You will find that a lot of markets that have set opening and closing periods will usually have moves early in the session or late in the session as day traders try to exit before market close due to overnight fees. Anyway, daytrading is good for new grey hair, but if it suits you...fair enough. Tomorrows another day. btw, you did have a nice sharp fall.
lol i think i am starting to see few grey ones.
  • #8,388
  • Jun 3, 2020 2:43pm Jun 3, 2020 2:43pm
Quoting tonny47
This is too much for me to process
That's usually when I step away from the crack pipe. Impressive call by Kwame though.

Now it's all about OPEC/OPEC+. If last meeting was any indication, queue the drama.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #8,389
  • Jun 3, 2020 2:45pm Jun 3, 2020 2:45pm
Quoting EventsTrader
{quote} That's usually when I step away from the crack pipe. Impressive call by Kwame though. Now it's all about OPEC/OPEC+. If last meeting was any indication, queue the drama.{image}
  • #8,390
  • Jun 3, 2020 3:37pm Jun 3, 2020 3:37pm
Dailly candle showing indecision. could indicate sideways action the rest of the week or a turn. But i don't trust it my bias is bullish and i still think they will rip it north when we least expect it, every push to the bottom of todays range was bought up
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screen Shot 2020-06-03 at 3.34.57 PM.png Size: 52 KB
  • #8,391
  • Jun 3, 2020 4:18pm Jun 3, 2020 4:18pm
WTI gained a whole nickel today Because the ATR was $1.93 and the price moved in a very orderly manner there were plenty of good trading opportunities.
Attached Image (click to enlarge)
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  • #8,392
  • Jun 4, 2020 8:27am Jun 4, 2020 8:27am
Expect it to retest the bottom of this range again
  • #8,393
  • Jun 4, 2020 1:26pm Jun 4, 2020 1:26pm
attempting to break north, be careful with shorts here
  • #8,394
  • Jun 4, 2020 4:13pm Jun 4, 2020 4:13pm
Quoting Kwame Freder
attempting to break north, be careful with shorts here
You are right since the two shorts went nowhere WTI went up by $0.78 or 2% today but it was a lousy day as compared to yesterday.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSD-4M2.png Size: 37 KB
  • #8,395
  • Jun 4, 2020 4:49pm Jun 4, 2020 4:49pm
Quoting Hutch
{quote} You are right since the two shorts went nowhere WTI went up by $0.78 or 2% today but it was a lousy day as compared to yesterday. {image}
sometimes a crappy New York session is followed by a very active Asian one. Especially when there’s been significant sideways action
  • #8,396
  • Jun 5, 2020 3:20am Jun 5, 2020 3:20am
I'm not even thinking of hedging short oil until we see above 40 dollars

And with equities going through the roof + dollar taking a hit, its hard to be an oil bear
COT: The precious data ignored
  • #8,397
  • Jun 5, 2020 5:11am Jun 5, 2020 5:11am
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persistence and determination alone are omnipotent
  • #8,398
  • Jun 5, 2020 7:36am Jun 5, 2020 7:36am
less than a dollar to be into the 40s...its quick
COT: The precious data ignored
  • #8,399
  • Jun 5, 2020 7:43am Jun 5, 2020 7:43am
Wow
  • #8,400
  • Jun 5, 2020 7:46am Jun 5, 2020 7:46am
Exited a bit early but grateful
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