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WTI Crude Oil Trading

  • #11,081
  • Dec 19, 2023 2:47am Dec 19, 2023 2:47am
Quoting FT.Trader
{quote} hey saw your post i have done alot better trading wti than the eurusd wti was my main source of income this year. i think that we are at or near a seasonal low at this time i'm trading the jan futures contract..looking to get long...support around $65 is what i am watching for last years closing price was 76.78 i think we will see it again that would be a big gain for me. about $40-50. it could happen but not likely i listen to ray dalio on youtube. one of hid tennents is...if it did good the last decade it probably won't do good thid decade...
cme rotated to the february "g" contract
looking for some support at $66
  • #11,082
  • Dec 19, 2023 3:38am Dec 19, 2023 3:38am
Quoting FT.Trader
{quote} cme rotated to the february "g" contract looking for some support at $66
76.30 was the dec 2022 settlement price on the feb g contract
watching
  • #11,083
  • Dec 19, 2023 6:17am Dec 19, 2023 6:17am
Quoting FT.Trader
{quote} hey saw your post i have done alot better trading wti than the eurusd wti was my main source of income this year. i think that we are at or near a seasonal low at this time i'm trading the jan futures contract..looking to get long...support around $65 is what i am watching for last years closing price was 76.78 i think we will see it again that would be a big gain for me. about $40-50. it could happen but not likely i listen to ray dalio on youtube. one of hid tennents is...if it did good the last decade it probably won't do good thid decade...
do you have any numbers from primary sources you use or?
You have an IQ lower than 90 if you interact with this user.
  • #11,084
  • Dec 19, 2023 7:02am Dec 19, 2023 7:02am
Quoting Ferna
{quote} do you have any numbers from primary sources you use or?
i just use TA
i'll post a chart in a bit
  • #11,085
  • Dec 19, 2023 7:50am Dec 19, 2023 7:50am
Quoting FT.Trader
{quote} i just use TA i'll post a chart in a bit
first chart is USO etf with larry williams vix fix indicator
it has done a good job at finding bottoms in the oil market
not sure about this bottom

2nd chart shows why i would be willing to dip buy at 66.14
vix fix also needs to confirm

3rd chart shows a possible bottom already in
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uso.png Size: 43 KB
Click to Enlarge Name: @CL.png Size: 52 KB
Click to Enlarge Name: @CL 2.png Size: 51 KB
  • #11,086
  • Dec 19, 2023 11:14am Dec 19, 2023 11:14am
Quoting FT.Trader
{quote} first chart is USO etf with larry williams vix fix indicator it has done a good job at finding bottoms in the oil market not sure about this bottom 2nd chart shows why i would be willing to dip buy at 66.14 vix fix also needs to confirm 3rd chart shows a possible bottom already in {image} {image} {image}
pretty neat, i understand how this could work.

Oil gold etc are less dependant on other markets.
You have an IQ lower than 90 if you interact with this user.
  • #11,087
  • Dec 19, 2023 11:42am Dec 19, 2023 11:42am
Quoting Ferna
{quote} pretty neat, i understand how this could work. Oil gold etc are less dependant on other markets.
agreed
i'll post if i see anything i'm interested in
oil looks good right now
i'm trying to be patient
  • #11,088
  • Dec 21, 2023 4:41pm Dec 21, 2023 4:41pm
short 73.97 feb g contract

3 bar triangle on daily
  • #11,089
  • Dec 21, 2023 6:10pm Dec 21, 2023 6:10pm
Quoting FT.Trader
short 73.97 feb g contract 3 bar triangle on daily
out 73.93 dont like it
  • #11,090
  • Dec 21, 2023 6:13pm Dec 21, 2023 6:13pm
Quoting FT.Trader
{quote} out 73.93 dont like it
buy stop at yesterday's high
sell stop yesterday's low
OCO
  • #11,091
  • Dec 22, 2023 12:01am Dec 22, 2023 12:01am
Quoting FT.Trader
{quote} buy stop at yesterday's high sell stop yesterday's low OCO
long 74.59
stop at yesterday's low
  • #11,092
  • Dec 22, 2023 8:22am Dec 22, 2023 8:22am
Quoting FT.Trader
{quote} long 74.59 stop at yesterday's low
adding to wti uco etf 28.40
winter soltice today
reversals are common
  • #11,093
  • Dec 25, 2023 3:44am Dec 25, 2023 3:44am
Quoting FT.Trader
{quote} hey saw your post i have done alot better trading wti than the eurusd wti was my main source of income this year. i think that we are at or near a seasonal low at this time i'm trading the jan futures contract..looking to get long...support around $65 is what i am watching for last years closing price was 76.78 i think we will see it again that would be a big gain for me. about $40-50. it could happen but not likely i listen to ray dalio on youtube. one of hid tennents is...if it did good the last decade it probably won't do good thid decade...

Any chances to get to 79usd any time soon ?
  • #11,094
  • Dec 25, 2023 12:04pm Dec 25, 2023 12:04pm
Quoting AlxT
{quote} Any chances to get to 79usd any time soon ?
i'm currently long
if wti continues to rise, i will most likely be exiting at 77.75 ish
i will be willing to re-enter long at a higher price if it goes higher
i'll post my trade
  • #11,095
  • Dec 26, 2023 10:34am Dec 26, 2023 10:34am
Quoting FT.Trader
{quote} i'm currently long if wti continues to rise, i will most likely be exiting at 77.75 ish i will be willing to re-enter long at a higher price if it goes higher i'll post my trade
out 75.85
looking to reload on a pullback
  • #11,096
  • Dec 27, 2023 7:31am Dec 27, 2023 7:31am
Hi everyone
got long crude wti
74.19
74.32

Sl 73
tp 78
reason: previous high area, ı expect demand.

will partially cut if goes into 75 then 76.
hopefully data later will help.
90% of traders use TA, indicators and prediction
  • #11,097
  • Dec 27, 2023 7:47am Dec 27, 2023 7:47am
Quoting _BBKing_
Hi everyone got long crude wti 74.19 74.32 Sl 73 tp 78 reason: previous high area, ı expect demand. will partially cut if goes into 75 then 76. hopefully data later will help.
Moved sl @be
volatile market

if I got daily low this will be a pay day.
if reverses down I’m protected will decide what about later
90% of traders use TA, indicators and prediction
  • #11,098
  • Dec 27, 2023 8:06am Dec 27, 2023 8:06am
Quoting _BBKing_
{quote} Moved sl @be volatile market if I got daily low this will be a pay day. if reverses down I’m protected will decide what about later
75.07 out of higher entry (74.32)
cashed some profits in case it reverses back down.
90% of traders use TA, indicators and prediction
  • #11,099
  • Dec 27, 2023 9:37am Dec 27, 2023 9:37am
gm long 75.09
  • #11,100
  • Dec 27, 2023 10:39am Dec 27, 2023 10:39am
Quoting FT.Trader
gm long 75.09
add to long 74.39 Feb contract
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