Crude oil intraday

Oke some updates for the morning just woke up to check some positions i had oppened at the forex how they where doing in asian market.

Oke here is my view on oil for today it could be ranging between the 86 and 87

I am looking for a touch trade buy at 85.80 but i wait for price action to occur whe have some confluence there if it break i expect it will come with some force and will add a extra short. If not i close my short from top and enter a buy, the 87 lvl will be my first profit then. The bias is short for the day whe have price below dailly pivot but long term trend still strongly bullish i see oil at 91 next comming months. ANd then whe might have litle pullback to 85 again.


If it will retrace back to mr1 tommorow at 86.60 or the dailly pivot retest at 86.30. Then whe have a shs on the 15 min and will give the breakout short even more strength to only concern is for me i wanna see a break below that 85.70 for adding another short also the pa is important.


http://i42.tinypic.com/2ryjybm.gif

just curious if you would attach the indicator you use for your floor trader pivots? the one I use is sloppy compared to yours.

Hi Dan ,

You get the indicator later watch your pm later.

It looks like the bears have controll today.

Only the pending home sales have some affect on it for now or something strange must happen.

I still got 1 piece of my lot running the short trade form yesterday, at 87 i said i will add another 1 if whe broke that 85.70.
I missed that because i was away. (pitty).

I will keep a eye now on the 84.50 level whe got some confluence there might be turning point for the day. The best would be at 84.35 lets see what price will do the plan i have now only need to wait for price.

http://i44.tinypic.com/15hxw76.jpg

looks like whe gonna range here rejected the ppz and ms4 and whe have 61.8.


Otherwise it was a nice long opportonity i didnt took it dont like this setup so much lets see what candle close will do.


http://i44.tinypic.com/2504baw.jpg

Oil blowed right through all areas now the little short is arond 318 pips

pending home sales over 5 min lets see how it affect the price

Oke closed my short of 380 pips also my short from yesterday with emini nasdaq closed at 1965 for some nice profits.

I am done for the day it was a good 1


http://i43.tinypic.com/2w67z3b.jpg

out for now with good pips

here is a 4h chart
will call it a day

Got a pending order buy at 82.50 i wanna see if my fundamental theory for tommorow works.

i set stoploss 30 pips i do it with 0.10 lot for safety.

Inv report tommorow i expect prices to go up tommorow according fundamental base and i enter at 82.50 for technical.
This is a experiment this trade, so if you also wanna try it is your own risk.

I have a short targeting 85.20 on the Brent June contract, stop is at BE + 15 and trailling

Oke for so far it looks that my theory is working i am running in profit now my theory is that fundamentaly seen whe go up today so yesterday tecnicaly i bought oil at 82.20 lets see how this devolop the rest of the day.


http://i43.tinypic.com/2lnhcuv.gif

been scalping since asia open
very good pips
done for now

bshcom in the first picwhat indicator u use??? i like to have them

i am long on oil 80.00 , hope that london close + today and E&P will rally

another nice day in oil and ej
don for to day
soon news coming

what indis?

i like to have my screen like your first picture ...
what i need to do ???

like this ...

Oke guys just opened my first trade in oil today. Normally i should have waited for candle close but it looks tempting.

http://i43.tinypic.com/30kugck.jpg


FIrst target is 61.8 fib and i aslo wach the pivots underway how price react to them.



Also i did last night some eliot wave on oil.

I could be completly wrong but i am learning that better so suggestions welcome.



http://i43.tinypic.com/166yzdi.jpg

oil so far going hitting 61.8 from last leg extension 50% has confleunce with ms1 so closed some of my positions.

93 pips so far on first close of positions still got a little running most closed


http://i43.tinypic.com/qzhsft.jpg

SO far going whe are sitting on s1 doenst look like many sell orders lying there more buy orders according volume so far but everything is possible.


http://i41.tinypic.com/mjwa9v.jpg