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  • #11,101
  • Dec 27, 2023 11:07am Dec 27, 2023 11:07am
Xmas really messed me up. Was sure it was today oil data.
stoped out small profits.
looking this 74 if holds. Not willing atm to add positions. Done for today
90% of traders use TA, indicators and prediction
  • #11,102
  • Dec 27, 2023 1:17pm Dec 27, 2023 1:17pm
Many times I ve seen this happening.
market going back somehow covering “no wick” candles

usually they come near s/r lines.

Attached Image (click to enlarge)
Click to Enlarge Name: Oil1.png Size: 82 KB


I wonder if we are going even lower near 73.50 and 73.

this damn was better a short today.
90% of traders use TA, indicators and prediction
  • #11,103
  • Dec 27, 2023 1:23pm Dec 27, 2023 1:23pm
73.70 weekly POC
also interesting dem/sup area previously sent price to 76.
maybe some buy orders still in place?
looking closely if reaction to buy it
Attached Image (click to enlarge)
Click to Enlarge Name: Oil2.png Size: 113 KB
90% of traders use TA, indicators and prediction
  • #11,104
  • Dec 27, 2023 1:32pm Dec 27, 2023 1:32pm
Reloading positions at these levels
Attached Image (click to enlarge)
Click to Enlarge Name: Oil3.png Size: 74 KB
90% of traders use TA, indicators and prediction
  • #11,105
  • Dec 27, 2023 1:34pm Dec 27, 2023 1:34pm
Quoting FT.Trader
{quote} add to long 74.39 Feb contract
add to long 74.02
  • #11,106
  • Dec 27, 2023 1:37pm Dec 27, 2023 1:37pm
Before anyone ask
i have 2 platforms and trying hard to switch to mt5
so using my JForex for tech analysis and mt5 to execute trades.

not simple tho.
90% of traders use TA, indicators and prediction
  • #11,107
  • Dec 27, 2023 1:41pm Dec 27, 2023 1:41pm
Quoting FT.Trader
{quote} add to long 74.02
glad I’m on your same side.
feeling better

let’s see if plays out.
90% of traders use TA, indicators and prediction
  • #11,108
  • Dec 27, 2023 1:50pm Dec 27, 2023 1:50pm
Quoting _BBKing_
{quote} glad I’m on your same side. feeling better let’s see if plays out.
this is my bull case
we are still trading up for the week
we put in a new high this week
we closed last week above the 5sma on the weekly
last years dec settlement price on the feb g contract was 76.78 i think we will retest it
i'm still looking for 77.75 ish
i think that professional money manager will mark up the price for end of year
i will be adding at the nyse close today
  • #11,109
  • Dec 27, 2023 2:38pm Dec 27, 2023 2:38pm
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB


This week seems a bit weird for intraday trading. Another choppy day and reversal price action look so strong even though a clear trend starting showing up. It's so hard to let the trade run. Is it because of year end and most traders already on their holiday? Looking for a buy entry tomorrow and waiting for the current downtrend bottom. Missed so much profit today compare to caught almost 90% of the uptrend move yesterday.
  • #11,110
  • Dec 27, 2023 3:07pm Dec 27, 2023 3:07pm
Quoting FT.Trader
{quote} this is my bull case we are still trading up for the week we put in a new high this week we closed last week above the 5sma on the weekly last years dec settlement price on the feb g contract was 76.78 i think we will retest it i'm still looking for 77.75 ish i think that professional money manager will mark up the price for end of year i will be adding at the nyse close today
add to long 73.98
  • #11,111
  • Dec 27, 2023 9:15pm Dec 27, 2023 9:15pm
When did these guys revised the inventories/were the inventories revised ?
Last week they were -4.5M and now they are 2.9M (they were revised).
  • #11,112
  • Dec 27, 2023 9:21pm Dec 27, 2023 9:21pm
Seems bottom are nearby. Just enter an intraday long. Looking 75-75.20 area for an exit.
  • #11,113
  • Dec 28, 2023 5:08am Dec 28, 2023 5:08am
Looks like going further down. Missed my sl by a nothing.
well, will let it play and see.
hopefully a spike up during data release will help me to close break even or profits.
90% of traders use TA, indicators and prediction
  • #11,114
  • Dec 28, 2023 8:02am Dec 28, 2023 8:02am
Stopped.
i reloaded at my previous stop 72.70 cashed now 73.40.
overall a loss but minor one so ok with that.

will probably catch some scalping b4 year ends
90% of traders use TA, indicators and prediction
  • #11,115
  • Dec 28, 2023 10:02am Dec 28, 2023 10:02am
still long
  • #11,116
  • Dec 28, 2023 10:04am Dec 28, 2023 10:04am
Quoting FT.Trader
still long
73.56 is the weekly close on g contract...watching
  • #11,117
  • Dec 28, 2023 12:32pm Dec 28, 2023 12:32pm
Quoting FT.Trader
still long
that looks quite downward
90% of traders use TA, indicators and prediction
  • #11,118
  • Dec 28, 2023 12:39pm Dec 28, 2023 12:39pm
Quoting _BBKing_
{quote} that looks quite downward
it does. The USO etf chart is showing support at this level. I will close on a breach of the 38.2% retracement
Attached Image (click to enlarge)
Click to Enlarge Name: uso.png Size: 53 KB
  • #11,119
  • Dec 28, 2023 12:45pm Dec 28, 2023 12:45pm
i will be willing to give it until the 14.6% on this retracement
Attached Image (click to enlarge)
Click to Enlarge Name: uso.png Size: 45 KB
  • #11,120
  • Dec 28, 2023 1:57pm Dec 28, 2023 1:57pm
today's low on the feb g contract so far is 71.72
that is exactly down 2.5% for the week
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