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WTI Crude Oil Trading

  • #9,161
  • Jan 20, 2021 4:41pm Jan 20, 2021 4:41pm
WTI went down 6¢ with a low ATR but this wasn't a good trading day. The first first trade was a loser, the second and fourth were break even trades. The third trade only produced 20 pips while the fifth trade produced 40 pips closing on the last brick of the day.
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  • #9,162
  • Jan 21, 2021 4:11pm Jan 21, 2021 4:11pm
WTI went up 7¢ today but the low ATR only produced crappy trades.
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  • #9,163
  • Jan 21, 2021 4:12pm Jan 21, 2021 4:12pm
Quoting bulltrap
{quote} Go baby go! {quote} That is key to bullish oil right now. If I get even a whiff of the Saudis back peddling, I'm out.
It's a very strong sign for oil markets that they are very committed to being the swing producer.
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,164
  • Jan 21, 2021 4:20pm Jan 21, 2021 4:20pm
Quoting EventsTrader
{quote} It's a very strong sign for oil markets that they are very committed to being the swing producer.
Not enough swings for my liking. No swings no profits. Natural Gas did the same today.
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  • #9,165
  • Jan 22, 2021 4:27pm Jan 22, 2021 4:27pm
WTI went down $1.04 today and the high ATR produced 3 good trades if you include the continuation trade from yesterday.
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  • #9,166
  • Jan 25, 2021 4:16pm Jan 25, 2021 4:16pm
WTI went up 90¢ today again with only winning trades.
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  • #9,167
  • Jan 26, 2021 4:10pm Jan 26, 2021 4:10pm
WTI went down 12¢ today with a below average ATR that produced two good trades.
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  • #9,168
  • Jan 27, 2021 4:13pm Jan 27, 2021 4:13pm
This is almost a repeat of yesterday but although WTI went down 12¢ again today the higher than average ATR produced three excellent trades.
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  • #9,169
  • Jan 28, 2021 4:21pm Jan 28, 2021 4:21pm
WTI went down 54¢ today again with an higher than average ATR that produced 2 break even trades, 1 crappy trades and 3 good trades.
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  • #9,170
  • Jan 29, 2021 4:19pm Jan 29, 2021 4:19pm
WTI went up 4¢ today with an average ATR that first produced two excellent trades finishing the day with a losing trade.
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  • #9,171
  • Feb 1, 2021 4:23pm Feb 1, 2021 4:23pm
WTI went up $1.41 or 3% today with a large ATR that produced 3 very good trades.
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  • #9,172
  • Feb 2, 2021 4:19pm Feb 2, 2021 4:19pm
WTI went up $1.50 today almost up in a straight line with a large ATR that produced an excellent continuation trade from yesterday.
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  • #9,173
  • Feb 3, 2021 11:29am Feb 3, 2021 11:29am
wti, full steam ahead, $60 looks to be the likely target.
  • #9,174
  • Feb 3, 2021 4:14pm Feb 3, 2021 4:14pm
WTI went up 91¢ today with a higher than average ATR that produced a good continuation trade from yesterday and an average trade.
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  • #9,175
  • Feb 4, 2021 11:39am Feb 4, 2021 11:39am
I think we can ride this wave through most of the month, after that, I'm not so sure.

We will have to keep an eye on any new market developments and if we see $58/$59 manage our trades cautiously.
careful not to step in a pile of it
  • #9,176
  • Feb 4, 2021 4:13pm Feb 4, 2021 4:13pm
Quoting bulltrap
I think we can ride this wave through most of the month, after that, I'm not so sure. We will have to keep an eye on any new market developments and if we see $58/$59 manage our trades cautiously.
As long as we get a good ATR trading should be quite easy. Low ATRs can be trade killers.
  • #9,177
  • Feb 4, 2021 4:15pm Feb 4, 2021 4:15pm
WTI went up 53¢ today with a lower than average ATR that produced 2 good trades.
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  • #9,178
  • Feb 5, 2021 4:16pm Feb 5, 2021 4:16pm
WTI went up 61¢ but unlike yesterday the low ATR produced a losing trade and 3 lousy trades.
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  • #9,179
  • Feb 6, 2021 4:20am Feb 6, 2021 4:20am
im afraid on oil price to be higher and higher everyday, because i have many selling position on big lot, is everyone here same?
  • #9,180
  • Feb 8, 2021 4:20pm Feb 8, 2021 4:20pm
Quoting ben92
im afraid on oil price to be higher and higher everyday, because i have many selling position on big lot, is everyone here same?
I'm a day trader so I never leave a position open at the end of the day although it sometimes can be profitable.
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