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

Thanks Knowing/learning "when not to trade" is one of the most valuable things that kept my profits all those years Some traders are just obsessed with trade, trade, trade... they even push/insult people if they do not trade all the time... But being in this racket for so many many years..., I "found" that is much easier to PRESERVE profits than to overtrade them into much uncertain market... specially at times... So right now this are those times when I prefer to sit on past profits/returns than to almost pure gamble

WTI went up by $1.42 or 5% that was enough for a one trade and one not so good trade

Regarding the TE that I have been promising you... I have made a calculation and would take much larger account in order to trade fractions of it in order to be within wanted DD... And also, not much interest has been expressed here about it... Therefore I opted not to publish it.

In addition, by the past statistics, WTI made too many surprises in the past months specially with this heavy interventions/anomalies... with-standoff, threads, cutting negotiation so It is not so favourable for me to (daily) trade... Although I have made some extraordinary trades within that chaos even... but overall, it was a big risk...
I would believe we will see UP for OIL since all parameters are indicating so, but we are rather hopeless when biggest players are putting the finger on one side of the scale, as they see if... It things settle, after CORONA lockdown easings now and hopefully big players will consolidate of where they want to go... I might prefer to go to LONGER term trading, meaning buying WTI OPTIONS... And atm I would be looking for WTI OPTIONS to allow me to BUY it at a current/past price... if they will be priced right of course... So IF I will be entering I will be entering for BUY OPTIONs... And with greater timeframes... But atm, will wait for this to settle. Before buying it, I would mostly check the 30y+ seasonality info, and the current data (demand, supply, reservers, standoff status, cutting forecasts etc...).

That would be all and thanks to all for following this thread in the past... That would be all from my side on the matter.

Not so fast Auric trading doesn't limit itself to oil although it's by far the easiest CFD to trade. There are also many methods that you might wish to try
WTI went up by $1.66 or 6% today within a $2.94 range which was the best range this week leading to more trading opportunities.

WTI went up by $0.84 or 3% today but within low volatility.

WTI went up by $1.31 or 4% today on a straight 45 degree angle. The last few times this happened the price promptly went down.

The bullish push is relentless, there is very little bear power, every attempt to move down is aggressively bought. They have their target and I would not be surprised if this moves hundreds of pips before there is any significant correction

The advantage that we have is that whether the price goes up or goes down we always have good opportunities to make money on a daily basis. Today WTI hardly moved closing higher by only 5¢ but because the ATR was $1.93 and the price moved up and down in a nice way there were plenty of good trading opportunities.

WTI went up by $0.78 or 2% today but was a lousy trading day as compared to yesterday.

WTI went up by $1.77 or 5% today. With a trading range of $2.48 there were good trading opportunities.

WTI moved quite a lot today with a lot of trading opportunities and losing a penny from Friday's close.

WTI went up by $0.43 today within a trading range of $1.94 although trading was tougher than yesterday's.

WTI went up by $0.88 today or 3% within a trading range of $2.08 enabling good trades.

WTI went down by $2.44 today or 7% within the largest trading range of the month at $3.15.

WTI went up by $0.57 today or 2% within a trading range of $2.46.

WTI went up by $1.30 or 4% today within a trading range of $2.87.

WTI went up by $1.03 or 3% today. The trading range of $2.69 provided good trading opportunities.

WTI only gained $0.08 today with a trading range of $1.53 but it was a good trading day using Renko as you can see at https://www.energyexch.com/showthrea...9#post13010689

WTI gained $1.01 or 3% today with a below average trading range of $1.72 but still perfect for trading

WTI gained $0.52 or 1% today but the big drop of 150 points followed by a 80 points gain produced two bonus trades