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WTI Crude Oil Trading

  • #9,321
  • Mar 31, 2021 9:25am Mar 31, 2021 9:25am
Quoting kstiks
{quote} Markets are behaving like crazy all day long because the news is coming from all sides and it is very contradictory. What you wrote is the only logical comment I read today ....and thank you.
After the price action in the last hour, I think the inventory data could move WTI in either direction. Crazy reversal. We'll see!
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,322
  • Mar 31, 2021 9:39am Mar 31, 2021 9:39am
Lots of activity around the magical 34EMA channel...

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  • #9,323
  • Mar 31, 2021 12:50pm Mar 31, 2021 12:50pm
wow just closed my short but should have let it run.
  • #9,324
  • Mar 31, 2021 12:53pm Mar 31, 2021 12:53pm
Quoting Kwame Freder
wow just closed my short but should have let it run.
OMG what was that? I closed short too.
  • #9,325
  • Mar 31, 2021 12:56pm Mar 31, 2021 12:56pm
Quoting kstiks
{quote} OMG what was that? I closed short too.
must have been the OPEC panel
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  • #9,326
  • Mar 31, 2021 1:11pm Mar 31, 2021 1:11pm
Quoting kstiks
{quote} OMG what was that? I closed short too.
Me three closed short...
  • #9,327
  • Mar 31, 2021 4:25pm Mar 31, 2021 4:25pm
Quoting ranger_lp
Wanted to show WTI chart from my broker...a bit more noise in it.. {image}
Quoting civilpes2001
{quote} Same here as well, My brokers' feed with heavy noise {image}


No doubt slow broker feed produce noise and this is the biggest problem with my broker also and I complained twice about the issue. Today I experienced a 20-second delay between ticks on one of my source chart. The broker representative told me that this is to be expected although he admitted that this delay was too high but this was due to the open of the New York session when American and European traders are online. I think that because I trade from Cyprus using a broker located in Canada that has his servers in the US might be the problem.
  • #9,328
  • Mar 31, 2021 4:28pm Mar 31, 2021 4:28pm
WTI went down 96¢ today with a low ATR that produced 10 winning trades and 1 break even trade. This was a lot better than yesterday.
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  • #9,329
  • Apr 1, 2021 9:43am Apr 1, 2021 9:43am
some wild rides today. don't get burnt
  • #9,330
  • Apr 1, 2021 9:48am Apr 1, 2021 9:48am
Market isn't liking the talk of output hikes. Heavy selling in WTI:
Attached Image
We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,331
  • Apr 1, 2021 10:51am Apr 1, 2021 10:51am
Quoting Hutch
{quote} {quote} No doubt slow broker feed produce noise and this is the biggest problem with my broker also and I complained twice about the issue. Today I experienced a 20-second delay between ticks on one of my source chart. The broker representative told me that this is to be expected although he admitted that this delay was too high but this was due to the open of the New York session when American and European traders are online. I think that because I trade from Cyprus using a broker located in Canada that has his servers in the US might be...

May I know Which Broker you are with now (the Canadian one)
  • #9,332
  • Apr 1, 2021 4:33pm Apr 1, 2021 4:33pm
Quoting civilpes2001
{quote} May I know Which Broker you are with now (the Canadian one)
I have been with OANDA Canada since 2005. Anyone can open an account as long as he/she has a bank account in Canada. A few European brokers are also in Canada but most have left due to stringent conditions. Here is the list Current CIPF Members .
  • #9,333
  • Apr 1, 2021 4:37pm Apr 1, 2021 4:37pm
WTI went up $1.81 today with a slightly below average ATR that produced 10 winning trades and 2 break even trade. The beginning of the session is not shown since the chart would be way too small.
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  • #9,334
  • Apr 5, 2021 7:45am Apr 5, 2021 7:45am
I'm not expecting much liquidity today as most of the world is on a holiday. But remember US markets are open and things seem to getting a little volatile across asset classes. Probably temporary. I expect crude to stay in this relatively tight trading range unless we get some unexpected news. It's been in this range for a couple weeks now.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,335
  • Apr 5, 2021 10:00am Apr 5, 2021 10:00am
Crude continues to fall. Some pretty important support at the $59 level:
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,336
  • Apr 5, 2021 11:39am Apr 5, 2021 11:39am
Quoting EventsTrader
Crude continues to fall. Some pretty important support at the $59 level: {image}
Once it broke through that $59 handle it sold off hard. Not looking good for WTI longs. I've been reading it's weakening on a weaker demand outlook. We'll see what happens tomorrow as trading is seeing some thinner holiday volume.
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We must learn who is gold, and who is gold plated
EventsTrader Live All Time Return: 54.4%
  • #9,337
  • Apr 5, 2021 11:39am Apr 5, 2021 11:39am
I thought that in half the world today is a non-working day so I will not engage in trade even though oil could fall. Weak volatility and who knows what the whole day will look like.
Now, in the evening, look a little and see the miracles. Oil over $ 3 down and over 5.20% - you could make a lot of money today.
I hope someone else was luckier than me.
  • #9,338
  • Apr 5, 2021 4:24pm Apr 5, 2021 4:24pm
WTI went down $2.44 today with a high ATR that produced 3 break even trades and 8 winning trades with one huge trade in mid session.
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  • #9,339
  • Apr 6, 2021 4:21pm Apr 6, 2021 4:21pm
WTI went up 40¢ or 1% today with a below average ATR that produced 6 winning trades, 3 break even trades and 2 losing trades. If it wasn't for the last 2 trades it would have been a lousy trading day.
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  • #9,340
  • Apr 7, 2021 4:24pm Apr 7, 2021 4:24pm
WTI went up 36¢ today with a low ATR that produced 2 break even trades and 7 winning trades. Like yesterday the best trades were the last ones that produced a nice "V".
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