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WTI Crude Oil Trading

  • #8,621
  • Jun 26, 2020 9:12pm Jun 26, 2020 9:12pm
as much as i would love to jump on the bear band wagon because i think a correction is due after a 2 month rally. there seems to be bulls buying to stop every bearish run. at this point its 50:50
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  • #8,622
  • Jun 27, 2020 9:33am Jun 27, 2020 9:33am
Quoting Kwame Freder
as much as i would love to jump on the bear band wagon because i think a correction is due after a 2 month rally. there seems to be bulls buying to stop every bearish run. at this point its 50:50 {image}
I learned a long time ago not to jump on band wagons for two reasons. First I didn't like to wait for the market to go my way. Second, even when the market went my way there wasn't any way to know how long that market would last. This is why I prefer swinging both ways using Renko for CFDs However, trading currency pairs on D1 charts is way less risky than trading CFDs because they move in a more orderly fashion.
  • #8,623
  • Jun 28, 2020 11:00am Jun 28, 2020 11:00am
Money managers long side are going all in

Don't be in front of them when they start closing them....

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COT: The precious data ignored
  • #8,624
  • Jun 28, 2020 11:05am Jun 28, 2020 11:05am
Quoting kuroro001
Money managers long side are going all in Don't be in front of them when they start closing them.... {image}
Not to mention.....producers are hedging shorts the most since August 2017

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COT: The precious data ignored
  • #8,625
  • Jun 28, 2020 12:36pm Jun 28, 2020 12:36pm
Quoting kuroro001
Money managers long side are going all in Don't be in front of them when they start closing them.... {image}
arent those the actual 'dumb money' ?
  • #8,626
  • Jun 28, 2020 12:47pm Jun 28, 2020 12:47pm
Quoting mades
{quote} arent those the actual 'dumb money' ?
They are trend followers, wrong on top. But they can be right from time to time
Like retailers..
COT: The precious data ignored
  • #8,627
  • Jun 29, 2020 6:02am Jun 29, 2020 6:02am
Whats this push upwards?
  • #8,628
  • Jun 29, 2020 6:52am Jun 29, 2020 6:52am
Looks like the lower end of the range has been established. Let’s see if/ where the top of the range will be. Doubt it will break and make a new high anytime soon.
  • #8,629
  • Jun 29, 2020 6:56am Jun 29, 2020 6:56am
It's funny how painfully and reluctantly it drops with every bigger candle being retraced yet the rise is without a single smallest move down. Also the volume is still super low since it started last week.
  • #8,630
  • Jun 29, 2020 6:57am Jun 29, 2020 6:57am
Quoting shiftyxxpc
Whats this push upwards?
There are no news that would make the WTI move upward but it's really bullish so far today.
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  • #8,631
  • Jun 29, 2020 8:03am Jun 29, 2020 8:03am
Anticipating a lot of fake break outs, fake moves to trap traders and overall markete noise. As long as it isn’t trending it will probably be a mess
  • #8,632
  • Jun 29, 2020 9:04am Jun 29, 2020 9:04am
Quoting Kwame Freder
Anticipating a lot of fake break outs, fake moves to trap traders and overall markete noise. As long as it isn’t trending it will probably be a mess
shit started
  • #8,633
  • Jun 29, 2020 11:08am Jun 29, 2020 11:08am
they're currently squeezing anyone who went short this morning. i will continue to stay out and observe. i'm expecting a rejection and sharp pullback
  • #8,634
  • Jun 29, 2020 11:35am Jun 29, 2020 11:35am
Quoting Kwame Freder
they're currently squeezing anyone who went short this morning. i will continue to stay out and observe. i'm expecting a rejection and sharp pullback
Please don't expect a sharp pullback WTI has been bullish since 29 April
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  • #8,635
  • Jun 29, 2020 11:35am Jun 29, 2020 11:35am
Quoting Kwame Freder
they're currently squeezing anyone who went short this morning. i will continue to stay out and observe. i'm expecting a rejection and sharp pullback
Volume is still so low and both London and NY session are the same, lure traders into shorts at the start, have a moment of indecision and then spike up.
  • #8,636
  • Jun 29, 2020 11:52am Jun 29, 2020 11:52am
Quoting mades
{quote} Volume is still so low and both London and NY session are the same, lure traders into shorts at the start, have a moment of indecision and then spike up.
Volume might be below average but because of the higher than average trading range it has been a perfect trading day so far mostly long with a few retracements Trading WTI with 10 pips Renko is quite good with a high trading range. Friday was a lot more messy.
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  • #8,637
  • Jun 29, 2020 4:21pm Jun 29, 2020 4:21pm
The WTI market closed the day with a gain of $1.51 within a nice trading range of $2.33. The bull was running
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  • #8,638
  • Jun 30, 2020 3:27am Jun 30, 2020 3:27am
morning horseshit continues. This market completely refuses to drop even to daily pivot. Again another trap for short traders.
  • #8,639
  • Jun 30, 2020 3:32am Jun 30, 2020 3:32am
Quoting mades
morning horseshit continues. This market completely refuses to drop even to daily pivot. Again another trap for short traders.
Why is every morning like this? Ive noticed that as well...
  • #8,640
  • Jun 30, 2020 4:02am Jun 30, 2020 4:02am
I feel like I'm in a matrix right now. Better go off and do something else.
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