DislikedSaudi jsut confirmed a drop in supply on the wires. They are trying to keep the price up on dropping demand.Ignored
Seb
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DislikedSaudi jsut confirmed a drop in supply on the wires. They are trying to keep the price up on dropping demand.Ignored
DislikedI love watching traders trying to explain why moves happen (risk aversion, crude oil retraces). I'll say it again: It's all dictated by past PA, today's move was set in stone a long long time ago and nothing that happened in the last 24/48/72 hours will change it (credit downgrades and tsunamis level events excluded).Ignored
Dislikedmaybe so... but can you take the draw-down? we dropped 60/70 pips from where many of you were buying.Ignored
DislikedStart seeing overbought for what it really is, a reduction or plateauing of the rate of increase, not as an indication of price direction. As currency is traded as a pair, overbought only means it is moving up at a slower rate, it has no bearing on direction, you need to look at other things for that.Ignored
DislikedI tend to agree with you. I dont pay MUCH attention to news or other stuff...except pure PA and technicals.
For me the BEST supply/demand indicator is CANDLES.Ignored
DislikedIn no way can the ordinary person foresee what utterances or manouevres are being planned
next and at what time by the powers that be, surely.Ignored
Disliked#1 target for oils was 108.92
#2 is 105.69
we slipped below #1 (low 107.84) a bunch.. we didn't retrace yet after a "out of normal range drop". i got 7 red candles on the 4 h in a row. 7 in row is out of the norm..below/above 7 and its time to look for a retrace of some type. below 103.47 ect. its time to take a good look at usd.
96.71 .............oil nymexIgnored
DislikedI tend to agree with you. I dont pay MUCH attention to news or other stuff...except pure PA and technicals.
For me the BEST supply/demand indicator is CANDLES.Ignored
DislikedSaudi say they gonna increase oil production ,oil has lost $2 already at $108 ,could ease pressure on dollar and we could see a retrace in american session.
If we break below 4480 could be further downside for this session .Ignored
Dislikedhehe nah i was long at 4250 , i closed with profits so im happy cheersIgnored
DislikedThat's why the ordinary person will never make it in this business and why most noobs reading this thread today will fail.Ignored