even though the feb contract rolled last thurday, the contract doesn't settle until this teusday at the nymex close. my expectation is that the market will churn until the london close tomorrow
good luck
good luck
- #11,265
- Jan 22, 2024 9:44am Jan 22, 2024 9:44am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I was right!
Oil is the one where I can catch money.
I built my strategy on it, so finally it will become my first instrument.
I was about to let the trades run to the target, but the move up did not allow me to increase size more than that, so I suspected a move down back to where it started. Would be dumb not taking profits few points near the target.
Day done.
leaving desk
Oil is the one where I can catch money.
I built my strategy on it, so finally it will become my first instrument.
I was about to let the trades run to the target, but the move up did not allow me to increase size more than that, so I suspected a move down back to where it started. Would be dumb not taking profits few points near the target.
Day done.
leaving desk
90% of traders use TA, indicators and prediction
- #11,266
- Jan 22, 2024 10:18am Jan 22, 2024 10:18am
I was right! Oil is the one where I can catch money. I built my strategy on it, so finally it will become my first instrument. {image} I was about to let the trades run to the target, but the move up did not allow me to increase size more than that, so I suspected a move down back to where it started. Would be dumb not taking profits few points near the target. Day done. leaving desk
- #11,267
- Jan 22, 2024 10:27am Jan 22, 2024 10:27am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
{quote} good job!
btw, looks really like it will trending up till end of month.
74.50/74.60 is important resistance area in my charts.
today I was ready to see also a move back down near last week’s lows, but did not happen at all.
90% of traders use TA, indicators and prediction
- #11,268
- Jan 22, 2024 10:29am Jan 22, 2024 10:29am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Found support in the middle of hourly pattern.
now near TL and previous peak.
now near TL and previous peak.
90% of traders use TA, indicators and prediction
- #11,269
- Jan 22, 2024 10:35am Jan 22, 2024 10:35am
{quote} thanks
probably a dip next month
- #11,270
- Jan 22, 2024 11:29am Jan 22, 2024 11:29am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #11,271
- Jan 22, 2024 12:24pm Jan 22, 2024 12:24pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #11,274
- Jan 22, 2024 5:01pm Jan 22, 2024 5:01pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #11,275
- Jan 23, 2024 5:33am Jan 23, 2024 5:33am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #11,276
- Jan 23, 2024 7:27am Jan 23, 2024 7:27am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Itchy finger wants to buy here closed the 74
brain does not allow
wants to wait if comes back to the red squared area
brain does not allow
wants to wait if comes back to the red squared area
90% of traders use TA, indicators and prediction
- #11,277
- Jan 23, 2024 8:41am Jan 23, 2024 8:41am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #11,278
- Jan 23, 2024 8:47am Jan 23, 2024 8:47am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
90% of traders use TA, indicators and prediction
- #11,279
- Jan 23, 2024 9:36am Jan 23, 2024 9:36am
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
I did it completely wrong today on oil.
Was looking for a long entry and failed.
So then, since price came up exactly from where I was supposed to buy, I was waiting an opportunity long higher.
Price went up fast, faster than what I expected... so instead of leaving it or jumping in.... I entered short
And even worse, I shorted in wrong line, with wrong size, and set a wrong stop loss.
Acted just like a novice.
Sharing so this will help me since writing something down, helps me in focusing better on what to avoid.
Also can help someone reading and understanding that everyday there might be something going wrong, that's why risk management and respecting a strick plan is more important than having a 1 trillion account to trade with.
not touching oil anymore today.
leaving a small short in cable and soon will call it a day (as soon as I will scale out enough from the short to end the day in breakeven (hopefully))
Was looking for a long entry and failed.
So then, since price came up exactly from where I was supposed to buy, I was waiting an opportunity long higher.
Price went up fast, faster than what I expected... so instead of leaving it or jumping in.... I entered short
And even worse, I shorted in wrong line, with wrong size, and set a wrong stop loss.
Acted just like a novice.
Sharing so this will help me since writing something down, helps me in focusing better on what to avoid.
Also can help someone reading and understanding that everyday there might be something going wrong, that's why risk management and respecting a strick plan is more important than having a 1 trillion account to trade with.
not touching oil anymore today.
leaving a small short in cable and soon will call it a day (as soon as I will scale out enough from the short to end the day in breakeven (hopefully))
90% of traders use TA, indicators and prediction