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WTI Crude Oil Trading

  • #9,101
  • Dec 13, 2020 9:28pm Dec 13, 2020 9:28pm
Quoting Mcbeaners
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.
Upward trendline to be tested soon.
There are few strong bullish-bars, majority are bearish - more reason why MM will pull price up.
Since I'm ending up with conflicting bias, I think it is best for me to stay out.
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  • #9,102
  • Dec 14, 2020 8:19am Dec 14, 2020 8:19am
i closed my position. just think there are better trades out there.
In tea leaves we trust!
  • #9,103
  • Dec 14, 2020 9:11am Dec 14, 2020 9:11am
Quoting Mcbeaners
i closed my position. just think there are better trades out there.
I still don't have any explanations for these price moves.
I wish I can stay online and try detect MM action - live and direct

As they say, sideline is sometimes the best position
  • #9,104
  • Dec 14, 2020 10:01am Dec 14, 2020 10:01am
Quoting Kafin
{quote} I still don't have any explanations for these price moves. I wish I can stay online and try detect MM action - live and direct As they say, sideline is sometimes the best position
sideline - agree!
In tea leaves we trust!
  • #9,105
  • Dec 14, 2020 10:02am Dec 14, 2020 10:02am
Nice crash, I'm out.
Don't plan to trade oil again, this is some big boy shit.
  • #9,106
  • Dec 14, 2020 10:36am Dec 14, 2020 10:36am
Quoting Kafin
{quote} I still don't have any explanations for these price moves. I wish I can stay online and try detect MM action - live and direct As they say, sideline is sometimes the best position
Libya producing a lot and OPEC monthly report came out
  • #9,107
  • Dec 14, 2020 2:31pm Dec 14, 2020 2:31pm
Quoting tonny47
{quote} Libya producing a lot and OPEC monthly report came out
Thanks!
  • #9,108
  • Dec 14, 2020 4:15pm Dec 14, 2020 4:15pm
WTI went up 50¢ today with a high ATR that only produced 4 good trades and 1 break even trade. I could not ask for much more.
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  • #9,109
  • Dec 15, 2020 10:06am Dec 15, 2020 10:06am
Quoting Hutch
WTI went up 50¢ today with a high ATR that only produced 4 good trades and 1 break even trade. I could not ask for much more. {image}
Good for you!!
Despite the huge moves, yesterday would have been a loosing day if I traded. I would have entered too late and held-on to bad trades longer than necessary.
I surely will not be joining the ride to $50, . I still have a sell bias, and have learnt to stay out during times like this.

Kindly share the link for learning this your system, I read it a while back, I but did not fully understand what you are discussing.
  • #9,110
  • Dec 15, 2020 4:21pm Dec 15, 2020 4:21pm
Quoting Kafin
{quote} Good for you!! Despite the huge moves, yesterday would have been a loosing day if I traded. I would have entered too late and held-on to bad trades longer than necessary. I surely will not be joining the ride to $50, . I still have a sell bias, and have learnt to stay out during times like this. Kindly share the link for learning this your system, I read it a while back, I but did not fully understand what you are discussing.
I think that WTI will only go up if the Covid vaccination is successful and temperature in the north hemisphere will get colder. Here is the system again but I'm not sure if I included the info text file that shows links to some of the problems with the Half Trend TT that can easily be solved with experience.
Attached File(s)
File Type: zip Fx Bay Strategy.zip   361 KB | 409 downloads
  • #9,111
  • Dec 15, 2020 4:23pm Dec 15, 2020 4:23pm
WTI went up 56¢ or 1% today but the straight up move produced a good trade.
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  • #9,112
  • Dec 16, 2020 4:25pm Dec 16, 2020 4:25pm
WTI went up 32¢ with a very low ATR that produced low profits trades today.
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  • #9,113
  • Dec 17, 2020 9:23am Dec 17, 2020 9:23am
holiday season. not expecting much, unless a stimulus package or more surprise lockdowns cause volatility
  • #9,114
  • Dec 17, 2020 4:17pm Dec 17, 2020 4:17pm
Quoting Kwame Freder
holiday season. not expecting much, unless a stimulus package or more surprise lockdowns cause volatility
I guess you are right because the ATR was similar to yesterday's but the 50¢ price increase produced better trades.
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  • #9,115
  • Dec 18, 2020 8:19am Dec 18, 2020 8:19am
Heavy buying coming into crude futures on a Friday:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,116
  • Dec 18, 2020 4:12pm Dec 18, 2020 4:12pm
WTI went up $1.18 or 2% with an average ATR that produced a very good trades.
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  • #9,117
  • Dec 20, 2020 9:26am Dec 20, 2020 9:26am
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.

nothing like making a call and then not trading it. sums up the last week for me. watching too many things and traded myself out of a number of positions like crude.

there's always next year. sigh.
In tea leaves we trust!
  • #9,118
  • Dec 21, 2020 1:15pm Dec 21, 2020 1:15pm
Surprisingly higher than expected volume today in the CL CME futures contract. I thought the usual holiday low liquidity period would've started by now.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,119
  • Dec 21, 2020 4:20pm Dec 21, 2020 4:20pm
Quoting EventsTrader
Surprisingly higher than expected volume today in the CL CME futures contract. I thought the usual holiday low liquidity period would've started by now. {image}
High volume is probably the reason why the ATR that was more than double the last 10 days average. Although WTI went down $1.36 there were many good trading opportunities especially at the beginning of the session.
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  • #9,120
  • Dec 22, 2020 2:40pm Dec 22, 2020 2:40pm
its been crappy manipulated sideways action for new york session. inventory data may move it
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