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Crude oil intraday

  • #341
  • Feb 8, 2012 1:19pm Feb 8, 2012 1:19pm
You show me the road

What is realy driving the entire market.
My question is what to look to have a global view on.

USDX, DOW, etc...
  • #342
  • Feb 8, 2012 1:24pm Feb 8, 2012 1:24pm
Quoting mertch
You show me the road

What is realy driving the entire market.
My question is what to look to have a global view on.

USDX, DOW, etc...
Are you just trading oil?
You can remain irrational longer than you can remain solvent.
  • #343
  • Feb 8, 2012 1:33pm Feb 8, 2012 1:33pm
No, currencies as well. I will try dow, spx.
Everything that is tradable
I'm just trying to find my house.
I like oil
  • #344
  • Feb 8, 2012 1:53pm Feb 8, 2012 1:53pm
Quoting mertch
No, currencies as well. I will try dow, spx.
Everything that is tradable
I'm just trying to find my house.
I like oil
My advise would be to stick with one instrument first,learn
how it acts,get to know it and get the rules to your system
embeded in your head,then you are ready to trade several other things as well.If you were to chose oil as your trading instrument you would
not need to watch anything else IMO.
If it was eu/usd there are some other things that can be useful
to watch.
Personally i wouldn't advise oil as the first thing to learn to trade but
you seem to be doing well with it,oil can be really nasty sometimes,
You can remain irrational longer than you can remain solvent.
  • #345
  • Feb 8, 2012 1:56pm Feb 8, 2012 1:56pm
Attached Image (click to enlarge)
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  • #346
  • Feb 8, 2012 2:05pm Feb 8, 2012 2:05pm
Quoting jezek5
My advise would be to stick with one instrument first,learn
how it acts,get to know it and get the rules to your system
embeded in your head,then you are ready to trade several other things as well.If you were to chose oil as your trading instrument you would
not need to watch anything else IMO.
If it was eu/usd there are some other things that can be useful
to watch.
Personally i wouldn't advise oil as the first thing to learn to trade but
you seem to be doing well with it,oil can be really nasty sometimes,
Some troubles with currencies. I have a lot lot more to learn.
Thanks!
  • #347
  • Feb 8, 2012 2:06pm Feb 8, 2012 2:06pm
Quoting mertch
Attachment
Its funny you post that,this is something i came across
a couple of years ago and downloaded it to a platform i don't use much,
i was looking for something else and saw it.
If i remember its part of a very successful trading bot,
something called crabs i think but can't remember.
I haven't got oil on this platform.
Attached Image (click to enlarge)
Click to Enlarge Name: p.4.gif Size: 38 KB
You can remain irrational longer than you can remain solvent.
  • #348
  • Feb 9, 2012 9:27am Feb 9, 2012 9:27am
Quoting jezek5
I would like to see it pullback to around 98.00 to go long
to that 100. to 101. level,not sure it will though.
Lowest price printed 98.07.
Shall i lie and say i got in there, na.
Missed a great entry but been very busy with Fiber
which is treating me well. Next.
Will get long on any pullback to 99.00.
Attached Image (click to enlarge)
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You can remain irrational longer than you can remain solvent.
  • #349
  • Feb 9, 2012 1:08pm Feb 9, 2012 1:08pm
Attached Image (click to enlarge)
Click to Enlarge Name: crude.jpg Size: 89 KB


Will monitor the next 4 hrs
SL=BE
  • #350
  • Edited Feb 10, 2012 10:56am Feb 9, 2012 2:03pm | Edited Feb 10, 2012 10:56am
Attached Image (click to enlarge)
Click to Enlarge Name: crude.jpg Size: 88 KB


I change my mind.
Moving SL higher (30) and I play a new supply zone.
  • #351
  • Feb 9, 2012 2:18pm Feb 9, 2012 2:18pm
Quoting mertch
Attachment

I change my mind.
Moving SL higher (30) and I play a new supply.

Hey I'm still a beginner. So please watch out...
  • #352
  • Feb 9, 2012 2:46pm Feb 9, 2012 2:46pm
Quoting mertch
Attachment

I change my mind.
Moving SL higher (30) and I play a new supply.
Hey Mertch,hope you don't mind me saying this but you might be
better keeping your SL tight on that IMHO.
Look at it this way,if it breaks that downward channel which might
or might not be a bull flag then its almost certain to hit that 103 level you marked,now,think about this,wouldn't you rather be out of that trade early
and free to re-enter around 103 instead of sitting on a $3 loss hoping
it comes back to your entry point.
Just something to think about.Hope you don't mind me saying.
Good luck mate.
You can remain irrational longer than you can remain solvent.
  • #353
  • Feb 9, 2012 3:13pm Feb 9, 2012 3:13pm
Quoting jezek5
Hey Mertch,hope you don't mind me saying this but you might be
better keeping your SL tight on that IMHO.
Look at it this way,if it breaks that downward channel which might
or might not be a bull flag then its almost certain to hit that 103 level you marked,now,think about this,wouldn't you rather be out of that trade early
and free to re-enter around 103 instead of sitting on a $3 loss hoping
it comes back to your entry point.
Just something to think about.Hope you don't mind me saying.
Good luck mate.
I take all advice from you. You will always know more than me.
Thanks for your support. I'm not along now.
Will be stop at 30 pips That's all I can give today.

If we are not braking hight this channel soon we will see fib 61, and up after, then fib 50

What do you think about that?
  • #354
  • Feb 9, 2012 3:26pm Feb 9, 2012 3:26pm
Quoting mertch
I take all advice from you. You will always know more than me.
Thanks for your support. I'm not along now.
Will be stop at 30 pips That's all I can give today.

If we are not braking hight this channel soon we will see fib 61, and up after, then fib 50

What do you think about that?
I think a pullback from here is possible,i'm thinking 99.00 could hold any down move for the next move up,Friday tomorrow so i'm leaving it alone till next week.
With reguards to your SL placement,always try to work out your target for
the trade and then look to see where you need to put your stop,
your target level needs to always be bigger than your stop loss level.
Always,always think about the risk.
Good luck mate.
You can remain irrational longer than you can remain solvent.
  • #355
  • Feb 9, 2012 3:33pm Feb 9, 2012 3:33pm
Quoting jezek5
I think a pullback from here is possible,i'm thinking 99.00 could hold any down move for the next move up,Friday tomorrow so i'm leaving it alone till next week.
With reguards to your SL placement,always try to work out your target for
the trade and then look to see where you need to put your stop,
your target level needs to always be bigger than your stop loss level.
Always,always think about the risk.
Good luck mate.
I never trade more then 0,5% of my account.

Thanks again!
  • #356
  • Edited Feb 10, 2012 8:57am Feb 9, 2012 4:06pm | Edited Feb 10, 2012 8:57am
Quoting mertch
Attachment

I change my mind.
Moving SL higher (30) and I play a new supply.
Daily close not on my side.
I'm out for lunch and will see later
  • #357
  • Feb 9, 2012 6:59pm Feb 9, 2012 6:59pm
Quoting mertch
Attachment
What is this indicator?
  • #358
  • Feb 9, 2012 8:20pm Feb 9, 2012 8:20pm
Quoting henkyke
What is this indicator?
Attached File(s)
File Type: zip Gartley v102.zip   162 KB | 547 downloads
  • #359
  • Feb 10, 2012 3:46am Feb 10, 2012 3:46am
Quoting mertch
Daily close not on my side.
I'm out and will see later
100.00 again proving to be the selling level,99.00 hit.
Have a good weekend Mertch.
Attached Image (click to enlarge)
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You can remain irrational longer than you can remain solvent.
  • #360
  • Feb 10, 2012 5:38am Feb 10, 2012 5:38am
Nice selling zone
150 so far

Have a good weekend to!
Attached Image (click to enlarge)
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