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Oil and Natural Gas

  • #121
  • Jan 6, 2014 1:36pm Jan 6, 2014 1:36pm
order filled at 93.24 tp 95.2.
  • #122
  • Jan 6, 2014 10:19pm Jan 6, 2014 10:19pm
stop loss moved to B.E at 93.24. due to strong down trend.
  • #123
  • Jan 6, 2014 10:22pm Jan 6, 2014 10:22pm
Quoting Razi89
order filled at 93.24 tp 95.2.
normally would look like a very nice entry but in my opinion oil floor has been shattered, 2013 was the age of gold price collapse,
2014 could be the oil price collapse year, no geopolitical risks in horizon, china slowdown and rise of production.

yesterday exited my long position 94.13 at 94.40 before the price action started to reverse, waiting for an entry around 92.50 for a price pullback profit,
short term this could fall to 87.50 .
  • #124
  • Jan 6, 2014 10:44pm Jan 6, 2014 10:44pm
Quoting acidguy
{quote} normally would look like a very nice entry but in my opinion oil floor has been shattered, 2013 was the age of gold price collapse, 2014 could be the oil price collapse year, no geopolitical risks in horizon, china slowdown and rise of production. yesterday exited my long position 94.13 at 94.40 before the price action started to reverse, waiting for an entry around 92.50 for a price pullback profit, short term this could fall to 87.50 .

you are right .even it might go to 78 level.but my long objective is short term. and i think fall from 100.74 to 93.24 was very quick with out any major correction.here i am looking for some correction as per Fibonacci 38.2% level is 96.14. you can say 96.24 level is support turn resistant level.but my tp is 95.2 , 100 pip down from 38.2% correction.
  • #125
  • Jan 7, 2014 5:41am Jan 7, 2014 5:41am
stop moved to 93.5 to lock in profit 26$.
  • #126
  • Jan 7, 2014 10:08am Jan 7, 2014 10:08am
stop out at 93.49
  • #127
  • Jan 7, 2014 10:48am Jan 7, 2014 10:48am
This type of correction is quite difficult to predict. Better stay sideline wait/watch.
Face both Win and Lose bravely
  • #128
  • Jan 7, 2014 11:02am Jan 7, 2014 11:02am
Quoting Cowboy11
This type of correction is quite difficult to predict. Better stay sideline wait/watch.

now i am waiting for short set up.at this time i am watching whether 6th jan high 94.56 would act as resistance.? (now oil is 94.06-11)
  • #129
  • Jan 7, 2014 11:05am Jan 7, 2014 11:05am
Quoting Razi89
{quote} now i am waiting for short set up.at this time i am watching whether 6th jan high 94.56 would act as resistance.? (now oil is 94.06-11)
My opinion is that it will touch 95+ before down again.
Face both Win and Lose bravely
  • #130
  • Jan 7, 2014 11:15am Jan 7, 2014 11:15am
Quoting Cowboy11
{quote} My opinion is that it will touch 95+ before down again.

it might touch but i fear to miss this boat.if it did not cross 94.56 in 6 to 8 hr , then i will short.if stop out then short again above 95 level.
  • #131
  • Jan 7, 2014 11:20am Jan 7, 2014 11:20am
Quoting Razi89
{quote} it might touch but i fear to miss this boat.if it did not cross 94.56 in 6 to 8 hr , then i will short.if stop out then short again above 95 level.
What I see is that it will take 1 ~ 2 days to complete the correction.
Face both Win and Lose bravely
  • #132
  • Jan 7, 2014 11:27am Jan 7, 2014 11:27am
Quoting Cowboy11
{quote} What I see is that it will take 1 ~ 2 days to complete the correction.

as RSI bias up on D chart.correction may take place above 95 or even to 96.
but still down trend intact.so want to take a chance here.
dear what is your bias, long or short and on what levels.
  • #133
  • Jan 7, 2014 11:35am Jan 7, 2014 11:35am
I dont trade on the short wave, I rather wait due to it is risky.
But worth trying on D chart's correction, estimated has 100~200 to collect.
Face both Win and Lose bravely
  • #134
  • Jan 7, 2014 11:43am Jan 7, 2014 11:43am
Quoting Cowboy11
I dont trade on the short wave, I rather wait due to it is risky. But worth trying on D chart's correction, estimated has 100~200 to collect.

nice. happy trading
  • #135
  • Jan 7, 2014 10:41pm Jan 7, 2014 10:41pm
Quoting Cowboy11
{quote} What I see is that it will take 1 ~ 2 days to complete the correction.
When I take a second look, the correction may last till next week.
Face both Win and Lose bravely
  • #136
  • Jan 8, 2014 2:11am Jan 8, 2014 2:11am
will 2014 will be remembered as the oil price collapse year?
who would have thought gold would trade again at these levels,
  • #137
  • Jan 8, 2014 4:00am Jan 8, 2014 4:00am
Quoting Cowboy11
I dont trade on the short wave, I rather wait due to it is risky. But worth trying on D chart's correction, estimated has 100~200 to collect.
What you see now is short wave movement, ding-dong.........., for those with SL, most likely will be wiped off.
Face both Win and Lose bravely
  • #138
  • Jan 8, 2014 5:44am Jan 8, 2014 5:44am
Quoting Cowboy11
{quote} What I see is that it will take 1 ~ 2 days to complete the correction.
short at 93.75 stop 94.3 tp 91.9
  • #139
  • Jan 8, 2014 10:21am Jan 8, 2014 10:21am
Quoting gnomoneey
{quote} low hit 93.74 when posted 95.21 looking for 92.80-93 for bounce or continuation of drop
As posted let's see in the next h4 candle if this comtinues to drop lower than 92.8x or an actual tl bounce back to $10x
Wooooohooooo or Boooooohooooo
  • #140
  • Jan 8, 2014 10:27am Jan 8, 2014 10:27am
Quoting gnomoneey
{quote} As posted let's see in the next h4 candle if this comtinues to drop lower than 92.8x or an actual tl bounce back to $10x
hi g did u enter into crude if yes what u did buy or sell , i bought at 93.58 wondering what sl shud be kept as
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