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  • #11,121
  • Dec 28, 2023 1:05pm Dec 28, 2023 1:05pm
Quoting FT.Trader
i will be willing to give it until the 14.6% on this retracement {image}
close was 67.18 USO found support at the 14.6% retracement
i don't trade this market but i use it for ta
holding my longs
  • #11,122
  • Dec 28, 2023 1:49pm Dec 28, 2023 1:49pm
Quoting FT.Trader
{quote} close was 67.18 USO found support at the 14.6% retracement i don't trade this market but i use it for ta holding my longs
ok well looking at charts could be somehow oversold trying to find buyers.
the scary thing is that this move went far lower than what I could have espected. There’s much more selling pressure than what I thought
i mean, if I was short I would have got out somewhere near middle 74.

atm feeling better I closed my long in minor loss. But I’m confused and unable to see an entry in this setup
Guess I will have to wait next year.
90% of traders use TA, indicators and prediction
  • #11,123
  • Dec 28, 2023 4:44pm Dec 28, 2023 4:44pm
Quoting _BBKing_
{quote} ok well looking at charts could be somehow oversold trying to find buyers. the scary thing is that this move went far lower than what I could have espected. There’s much more selling pressure than what I thought i mean, if I was short I would have got out somewhere near middle 74. atm feeling better I closed my long in minor loss. But I’m confused and unable to see an entry in this setup Guess I will have to wait next year.
my personal opinion is today was end of year fund selling
we could turn around tomorrow
i remember being whipsawed last year at this time
i'm going to lower my target to 76.78 last years settlement on the feb g contract
this is usually a seasonal low until february
good luck
  • #11,124
  • Dec 28, 2023 4:46pm Dec 28, 2023 4:46pm
Quoting FT.Trader
{quote} my personal opinion is today was end of year fund selling we could turn around tomorrow i remember being whipsawed last year at this time i'm going to lower my target to 76.78 last years settlement on the feb g contract this is usually a seasonal low until february good luck
correction
mid december is usually a seasonal low until february
  • #11,125
  • Dec 28, 2023 4:50pm Dec 28, 2023 4:50pm
chris carolan posted his seasonal projection on x
this is one of the models i look at
it has done well the last year
Attached Image (click to enlarge)
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  • #11,126
  • Dec 29, 2023 4:13am Dec 29, 2023 4:13am
Quoting FT.Trader
chris carolan posted his seasonal projection on x this is one of the models i look at it has done well the last year {image}
well ok interesting of course
im personally more on the buy side atm on oil

will be waiting and check what it does these days looking for a buy setup

or eventually a sell one.
depends on ho price develops.

jumping in right after or during a straight move it’s not my way, I always got major losses when I did in the past
90% of traders use TA, indicators and prediction
  • #11,127
  • Edited 8:39am Dec 29, 2023 4:32am | Edited 8:39am
I've placed buy order at 71.50, for a short term, settlements building around 74 and 76 area.
Just noticed another Dead Cross on 4 HR, which points to 68.


Closed +60
  • #11,128
  • Dec 29, 2023 4:49am Dec 29, 2023 4:49am
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  • #11,129
  • Dec 29, 2023 5:57am Dec 29, 2023 5:57am
in 5 minutes the volume comes into the wti futures market...usually at 9am et
  • #11,130
  • Dec 29, 2023 6:08am Dec 29, 2023 6:08am
the cyan line is the London Close (LC)
there are 3 days this week that there has been no retest
either the market is extremely weak or we are headed straight back up
looks like the europeans are getting left in the dust
Attached Image (click to enlarge)
Click to Enlarge Name: @CL.png Size: 30 KB
  • #11,131
  • Edited 9:05am Dec 29, 2023 8:46am | Edited 9:05am
Entered sell, pa might re-test lows

Edit: closed, +30 pips
Will look to enter long again
  • #11,132
  • Jan 2, 2024 8:56am Jan 2, 2024 8:56am
Got short for today high closed near last week close.
could have let it run lower but didn’t want to see it bouncing back up to my entry
90% of traders use TA, indicators and prediction
  • #11,133
  • Jan 2, 2024 1:18pm Jan 2, 2024 1:18pm
add to long 70.50 feb "g"
  • #11,134
  • Edited 7:03am Jan 3, 2024 1:16am | Edited 7:03am
Quoting FT.Trader
add to long 70.50 feb "g"
add 69.60
out 72.14
small loss -.31 avg price

I still have a truckload of the UCO etf

i had a silver short win and still positive for the day and week
  • #11,135
  • Jan 3, 2024 2:31am Jan 3, 2024 2:31am
DXY is at a 100 WEEK support. Dollar up and commodities down. Heading to $65?
Be humble or be humbled.
  • #11,136
  • Jan 3, 2024 2:40am Jan 3, 2024 2:40am
Quoting Temujin
DXY is at a 100 WEEK support. Dollar up and commodities down. Heading to $65?
good question
90% of traders use TA, indicators and prediction
  • #11,137
  • Jan 3, 2024 9:01am Jan 3, 2024 9:01am
I missed this move.
i saw it bouncing at lows by my phone.
i saw it howpvering around 70 near ny open and thought “ok let me finish with cable and I bring you”

few minutes later it was gone.

at least, the work done in “ be patient and avoid stupid trades” is going well
90% of traders use TA, indicators and prediction
  • #11,138
  • Jan 3, 2024 11:55am Jan 3, 2024 11:55am
This was my plan last night 69ish and up..
Only banked 50, should have left running.
  • #11,139
  • Jan 3, 2024 2:20pm Jan 3, 2024 2:20pm
Quoting FT.Trader
the cyan line is the London Close (LC) there are 3 days this week that there has been no retest either the market is extremely weak or we are headed straight back up looks like the europeans are getting left in the dust {image}
looks like working like pivot lines
if market misses to test a pivot, it will be used later as a target.
works mostly with weekly and monthly

so maybe now we will see price going back up there?

ever did this way in the past?
90% of traders use TA, indicators and prediction
  • #11,140
  • Jan 3, 2024 2:20pm Jan 3, 2024 2:20pm
Quoting Jolita
This was my plan last night 69ish and up.. Only banked 50, should have left running.
still better than my 0
90% of traders use TA, indicators and prediction
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