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  • #801
  • May 24, 2023 11:29pm May 24, 2023 11:29pm
OIL certainly coiling up in an interesting ZONE.

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Success = Practice + Patience + Persistence
  • #802
  • May 24, 2023 11:38pm May 24, 2023 11:38pm
Quoting fxpider
Are OIL and GOLD negatively correlated?
about 60% correlated.
mostly dependent on USD.
right now oil is messy compared to gold
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ITB - Seeing Orderliness amongst 'Randomness'
  • #803
  • May 24, 2023 11:45pm May 24, 2023 11:45pm
Quoting Inthebox
{quote} about 60% correlated. mostly dependent on USD. right now oil is messy compared to gold {image}
Does it mean that if when (60% of the time) GOLD is down, OIL is down too, or the opposite?
Success = Practice + Patience + Persistence
  • #804
  • May 24, 2023 11:46pm May 24, 2023 11:46pm
going into europe, watch gold h1.
3 inside bars
ITB - Seeing Orderliness amongst 'Randomness'
  • #805
  • May 24, 2023 11:47pm May 24, 2023 11:47pm
Quoting fxpider
{quote} Does it mean that if when (60% of the time) GOLD is down, OIL is down too, or the opposite?
the first one.
but it's difficult to say.
oil production controlled mostly by OPEC for the benefit of their own countries.
gold control by? i think no organization.
ITB - Seeing Orderliness amongst 'Randomness'
  • #806
  • May 24, 2023 11:52pm May 24, 2023 11:52pm
Quoting Inthebox
going into europe, watch gold h1. 3 inside bars
That also comes with a possible FAKE OUT move.
Success = Practice + Patience + Persistence
  • #807
  • May 24, 2023 11:53pm May 24, 2023 11:53pm
Quoting fxpider
{quote} That also comes with a possible FAKE OUT move.
this lady just want to dance and tease all day long.
tuesday low of the week. wednesday high of the week.
however h1 each candle shows lower highs.
yesterday low violated, not so with today asia high.
ITB - Seeing Orderliness amongst 'Randomness'
  • #808
  • May 25, 2023 12:15am May 25, 2023 12:15am
holding at the moment
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ITB - Seeing Orderliness amongst 'Randomness'
  • #809
  • May 25, 2023 12:26am May 25, 2023 12:26am
Wow, this thread is drawing increased traffic.

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Success = Practice + Patience + Persistence
  • #810
  • May 25, 2023 12:36am May 25, 2023 12:36am
Quoting fxpider
Wow, this thread is drawing increased traffic. {image}
all very shy. good good.
but hey where are your green and red indicators?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #811
  • May 25, 2023 12:43am May 25, 2023 12:43am
Just flipping thru the chart of all the majors, looks like USD is going to extend its run.

In that case, GOLD and OIL should go down.
Success = Practice + Patience + Persistence
  • #812
  • May 25, 2023 12:51am May 25, 2023 12:51am
story telling time before frankfurt open.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #813
  • May 25, 2023 12:57am May 25, 2023 12:57am
Quoting fxpider
Just flipping thru the chart of all the majors, looks like USD is going to extend its run. In that case, GOLD and OIL should go down.

https://www.bloomberg.com/news/artic...ysis#xj4y7vzkg
ITB - Seeing Orderliness amongst 'Randomness'
  • #814
  • May 25, 2023 1:14am May 25, 2023 1:14am
asia session done.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #815
  • May 25, 2023 1:19am May 25, 2023 1:19am
be careful of lady with long legs.
frankfurt tricking you for london move.
watch asia high.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #816
  • May 25, 2023 1:56am May 25, 2023 1:56am
frankfurt open counter trend
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ITB - Seeing Orderliness amongst 'Randomness'
  • #817
  • Edited 3:12am May 25, 2023 2:46am | Edited 3:12am
Quoting fxpider
OIL certainly coiling up in an interesting ZONE. {image}
My first OIL trade ever.

I think this instrument is best traded in NY.

Edited: from one SRTL to another SRTL

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Success = Practice + Patience + Persistence
  • #818
  • May 25, 2023 3:04am May 25, 2023 3:04am
Quoting fxpider
{quote} My first OIL trade ever. I think this instrument is best traded in NY. {image}
lots of gaps in all time frames. careful.
ITB - Seeing Orderliness amongst 'Randomness'
  • #819
  • May 25, 2023 3:08am May 25, 2023 3:08am
Quoting Inthebox
{quote} lots of gaps in all time frames. careful.
Not trading OIL anymore in LONDON, Just watching and waiting for GOLD (Lady) to come to me.
Success = Practice + Patience + Persistence
  • #820
  • May 25, 2023 3:19am May 25, 2023 3:19am
Quoting Inthebox
{quote} lots of gaps in all time frames. careful.
Hi mate , i trade a lot of gaps but in the last two weeks the gaps have been dragged out by the brokers to cause stoplosses to get taken things have changed on the charts so b books have found away to get there bonuses
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this buy gap is a negative swap
people leave, but this thread will go on for ever
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