WTI Crude Oil Trading | Page 575 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

WTI/USD

Similar Threads

Reliable broker for Crude Oil trading 20 replies

making money intraday CL/WTI/OIL - no overnight holds 13 replies

WTI Crude Oil (TRENDSURFING - with the help of the model) 634 replies

Trading Oil WTI to get back all! 18 replies

Hedge WTI and Brent Oil 1 reply

Attachments: WTI Crude Oil Trading
Exit Attachments

WTI Crude Oil Trading

  • #11,481
  • Sep 3, 2024 11:52am Sep 3, 2024 11:52am
Quoting princegolds
hello team! Im an active WTI Crude oil traders from past 5 years now. I only trade oil, I spent 1.5 years trading demo on oil understanding its behavior. Let me know if I can help here.

How do you go now? I am on buy with a small position, consider adding, but not sure as it may go lower ... hope to catch the bottom....
  • #11,482
  • Sep 4, 2024 3:11pm Sep 4, 2024 3:11pm
Lovely dip, expecting a small bounce and bearish continuation
  • #11,483
  • Sep 6, 2024 2:16pm Sep 6, 2024 2:16pm
Quoting Jolita
Lovely dip, expecting a small bounce and bearish continuation
Hope this is the bottom.
  • #11,484
  • Sep 8, 2024 2:31am Sep 8, 2024 2:31am
Quoting AlxT
{quote} How do you go now? I am on buy with a small position, consider adding, but not sure as it may go lower ... hope to catch the bottom....

What I learnt is if you want to stay relaxed:
1- a broker with spot Oil CFD is good
2- Use negative leverage
3- Dollar Cost Averaging every 3.5$/Barrel doesn't hurt
4- It does require 3K minimum, you must demo for 3 months at least so when a crash happens, you know how the account can tackle it.

I am a good trader and a financial entertainer. Please do your own research as online trading is very risky. It is important to give a disclaimer. I personally aim for 3% to 8% a month. If I try to go above this result, I get headache. So I want to keep things relaxed.
Prince M. Golds
  • #11,485
  • Sep 8, 2024 6:17am Sep 8, 2024 6:17am
Quoting AlxT
{quote} Hope this is the bottom.
I am afraid chart shows the opposite
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20240908-121447~2.png Size: 52 KB
  • #11,486
  • Sep 8, 2024 4:12pm Sep 8, 2024 4:12pm
Quoting Jolita
{quote} I am afraid chart shows the opposite {image}
Ah, ok, thx.
  • #11,487
  • Sep 8, 2024 4:20pm Sep 8, 2024 4:20pm
Quoting princegolds
{quote} What I learnt is if you want to stay relaxed: 1- a broker with spot Oil CFD is good 2- Use negative leverage 3- Dollar Cost Averaging every 3.5$/Barrel doesn't hurt 4- It does require 3K minimum, you must demo for 3 months at least so when a crash happens, you know how the account can tackle it. I am a good trader and a financial entertainer. Please do your own research as online trading is very risky. It is important to give a disclaimer. I personally aim for 3% to 8% a month. If I try to go above this result, I get headache. So I want...
This was not what I asked.
  • #11,488
  • Oct 8, 2024 6:47pm Oct 8, 2024 6:47pm
Perhaps we try out support again

https://www.linkedin.com/pulse/whats...aign=share_via
  • #11,489
  • Oct 8, 2024 6:52pm Oct 8, 2024 6:52pm
To the clock, month later, perfect moves, same draft.

Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20241009-004832~2.png Size: 39 KB
  • #11,490
  • Oct 21, 2024 8:16am Oct 21, 2024 8:16am
Quoting Jolita
To the clock, month later, perfect moves, same draft. Weekly {image}
Looks like $75 will be the resistance this time.
Be humble or be humbled.
  • #11,491
  • Oct 30, 2024 7:58am Oct 30, 2024 7:58am
1st probe launched successfully and is now running risk-free, I'm looking to double down on this position after the inventories numbers are out.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 127 KB
  • #11,492
  • Nov 4, 2024 7:07pm Nov 4, 2024 7:07pm
Quoting Temujin
{quote} Looks like $75 will be the resistance this time.

I believe so, $75 looks promising since talks commence on rising inflation.
  • #11,493
  • Nov 4, 2024 7:12pm Nov 4, 2024 7:12pm
Quoting Temujin
{quote} Looks like $75 will be the resistance this time.
Weekly inverse head and shoulder also present
  • #11,494
  • Nov 5, 2024 3:20pm Nov 5, 2024 3:20pm
My broker announced trade of the week- short to $67, with sl at $72.50.

Not sure this is going to happen..
I am leaning towards long to $75, but we never can be sure after election results, volatility will increase, dollar should also break out one way or the other.
Interesting to see the reactions..
  • #11,495
  • Nov 6, 2024 5:16pm Nov 6, 2024 5:16pm
What a day! Any good trades anyone?

After the first voting results it was kind of a signal DT has a better hand.
He likes making dolar great again, stock markets and crypto rise, so I jumped into opposite side of the dollar by shorting Gold, which worked well, sold at 2740, closed at 2660. Entered long currently.

Monitoring WTI, but I don't have an open trades, price is hovering around atm.
  • #11,496
  • Nov 6, 2024 5:27pm Nov 6, 2024 5:27pm
Quoting Jolita
What a day! Any good trades anyone? After the first voting results it was kind of a signal DT has a better hand. He likes making dolar great again, stock markets and crypto rise, so I jumped into opposite side of the dollar by shorting Gold, which worked well, sold at 2740, closed at 2660. Entered long currently. Monitoring WTI, but I don't have an open trades, price is hovering around atm.
Great day on Oil 4me Jolita, caught it both ways but got in 30cents too early for the drop... black arrow on chart but woke up to green this am
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2024-11-06 at 23.23.55.png Size: 65 KB
  • #11,497
  • Nov 6, 2024 5:29pm Nov 6, 2024 5:29pm
Quoting Jolita
What a day! Any good trades anyone? After the first voting results it was kind of a signal DT has a better hand. He likes making dolar great again, stock markets and crypto rise, so I jumped into opposite side of the dollar by shorting Gold, which worked well, sold at 2740, closed at 2660. Entered long currently. Monitoring WTI, but I don't have an open trades, price is hovering around atm.
nice work on Gold .... and well held
  • #11,498
  • Nov 6, 2024 5:38pm Nov 6, 2024 5:38pm
Quoting T721
{quote} Great day on Oil 4me Jolita, caught it both ways but got in 30cents too early for the drop... black arrow on chart but woke up to green this am {image}
Very good, and well done, nice charts.
Took a while, but pips in your pocket that counts.
So far 72.50 rejected twice, let's see the reaction of attempt 3, above should be a good buy I would think, but best not to hold long term, price thinking what to do next.
  • #11,499
  • Nov 6, 2024 5:39pm Nov 6, 2024 5:39pm
Quoting T721
{quote} nice work on Gold .... and well held
Thank you, I was lucky
  • #11,500
  • Nov 8, 2024 4:01am Nov 8, 2024 4:01am
Wti has stalled , looking at weekly trend is bearish and we are at resistance, but higher low is noticeable, can also be an early reversal, but only if $78 is taken.

Gold also may retest the highs, closed my buy trade last night, leaving for now..

SMCI is my baby rn

Good luck and happy Friday
4 traders viewing now