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WTI Crude Oil Trading

  • #9,081
  • Dec 8, 2020 4:57pm Dec 8, 2020 4:57pm
build out looks like a short now, regardless. it could be just impulse buying (which can fool me) but don't think so. i'm not looking to short it, as i feel usdcad is a much better play right now.
In tea leaves we trust!
  • #9,082
  • Dec 8, 2020 5:41pm Dec 8, 2020 5:41pm
Quoting Mcbeaners
build out looks like a short now, regardless. it could be just impulse buying (which can fool me) but don't think so. i'm not looking to short it, as i feel usdcad is a much better play right now.
Hmm, USDCAD,
I got caught at the arrow, was expecting MM to pull the price down. They waited and pulled it during London session - makes more sense in hindsight
Attached Image (click to enlarge)
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What is your experience with BigMoney (MM) - do they complete their manipulations with a day (max 2) or it can go longer, or within hours?
Any other signs of MM actions will be appreciated.
I do look-out for price rising to one end of the accumulation range, and then rapidly moving to the the other side to break the range ;(
  • #9,083
  • Dec 8, 2020 7:19pm Dec 8, 2020 7:19pm
Quoting Kafin
{quote} Hmm, USDCAD, I got caught at the arrow, was expecting MM to pull the price down. They waited and pulled it during London session - makes more sense in hindsight {image} What is your experience with BigMoney (MM) - do they complete their manipulations with a day (max 2) or it can go longer, or within hours? Any other signs of MM actions will be appreciated. I do look-out for price rising to one end of the accumulation range, and then rapidly moving to the the other side to break the range ;(
"do they complete their manipulations with a day" - depends what they are working to. in cable i saw them wait 3 weeks. it was a hugh position they built in about 3 days. they were waiting for when it was clear boris was going to win. on big positions it will more often then wold be a day ahead (then they will let it drift 100 pips in the wrong direction) then the news comes out. unfortunately i never know. just have to close and try reloading up again.

without the tools - watch for completely flat price with decent volume - either they are loading up or doing distribution. the first move is always the head fake move. look for 3 waves up (off say the 5m chart) and close.
In tea leaves we trust!
  • #9,084
  • Dec 9, 2020 5:03am Dec 9, 2020 5:03am
Quoting Mcbeaners
build out looks like a short now, regardless. it could be just impulse buying (which can fool me) but don't think so. i'm not looking to short it, as i feel usdcad is a much better play right now.
it was indeed impulse and it did fool me. have to look for longs now. i'll try to keep tabs on this one.
In tea leaves we trust!
  • #9,085
  • Dec 9, 2020 9:35am Dec 9, 2020 9:35am
Biggest miss in crude oil inventories in recent memory. 15.2 actual build vs 1M expected draw . https://www.energyexch.com/#detail=110988
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I expect some follow through. Look at that volume too.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,086
  • Dec 9, 2020 11:08am Dec 9, 2020 11:08am
these bulls are relentless. they're buying the crap out of every drop
  • #9,087
  • Dec 9, 2020 4:21pm Dec 9, 2020 4:21pm
WTI went up 10¢ today with an average ATR that produced only winning trades for a change. The up/down PA however indicates indecision.
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  • #9,088
  • Dec 10, 2020 9:18am Dec 10, 2020 9:18am
Quoting Mcbeaners
43.94 was the bottom of the vol profile trading range and 48.76 ish is the top. bottom was made on v light trading. fingers crossed.
are we going to see 48.76 today. looks like it. shame i miss today's move. too much to watch.
In tea leaves we trust!
  • #9,089
  • Dec 10, 2020 11:02am Dec 10, 2020 11:02am
da boys are loading up on this dip. it might get to .50 fib but it is going higher soonish imo.
In tea leaves we trust!
  • #9,090
  • Dec 10, 2020 4:14pm Dec 10, 2020 4:14pm
WTI went up $1.28 with a high ATR so it looks like that the indecision of yesterday is over.
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  • #9,091
  • Dec 10, 2020 6:12pm Dec 10, 2020 6:12pm
gots some longs at 46.54 ish.

looking for my target @ 48.xx whatever i said before.
In tea leaves we trust!
  • #9,092
  • Dec 11, 2020 7:18am Dec 11, 2020 7:18am
Quoting Mcbeaners
gots some longs at 46.54 ish. looking for my target @ 48.xx whatever i said before.

I m short....expecting 36 for WTI in January 2021.
  • #9,093
  • Dec 11, 2020 7:33am Dec 11, 2020 7:33am
Formed a real good breakout pattern..
It'll move a lot soon, today or monday
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  • #9,094
  • Dec 11, 2020 4:18pm Dec 11, 2020 4:18pm
WTI went down 41¢ today with a low ATR still producing many trades but of low quality.
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  • #9,095
  • Dec 11, 2020 6:36pm Dec 11, 2020 6:36pm
XTIUSD | West Texas Intermediate vs US Dollar

Breakout triangle expands, monday tuesday we might have 1-2$ range movements
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  • #9,096
  • Dec 12, 2020 4:12pm Dec 12, 2020 4:12pm
Quoting PixelSniper
XTIUSD | West Texas Intermediate vs US Dollar Breakout triangle expands, monday tuesday we might have 1-2$ range movements {image}
Quite possible but I would bet on the downside since yesterday's job report was lousy with over 800K job losses.
  • #9,097
  • Dec 12, 2020 7:11pm Dec 12, 2020 7:11pm
Quoting Hutch
{quote} Quite possible but I would bet on the downside since yesterday's job report was lousy with over 800K job losses.
Yes, i'm shorting too.
But this is a huge bull trend atm so looking to do scalp exits
  • #9,098
  • Dec 13, 2020 10:23am Dec 13, 2020 10:23am
still only retracement in a bull market boys. i see accumulation and remain long. we'll see.
In tea leaves we trust!
  • #9,099
  • Dec 13, 2020 10:25am Dec 13, 2020 10:25am
still only retracement in a bull market boys. i see accumulation and remain long. we'll see.

i could see a dip down to 43.19 ish and the rally up.
In tea leaves we trust!
  • #9,100
  • Dec 13, 2020 10:33am Dec 13, 2020 10:33am
i'm looking for 48.60 ish

note crude hit the inv h&s target and dropped.
Attached Image (click to enlarge)
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In tea leaves we trust!
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