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Trading Crude Oil with price action + indicator

  • #101
  • May 26, 2014 3:19am May 26, 2014 3:19am
As it is a Bank Holiday does it mean that today will be quiet for oil and other markets ?
  • #102
  • May 27, 2014 6:24pm May 27, 2014 6:24pm
Are we heading south ?
  • #103
  • May 28, 2014 4:57pm May 28, 2014 4:57pm
I have come to the conclusion that this is a very secretive thread or that most posters do not have a clue or any understanding what is happening in front of them.

Oil in my opinion is very easy to trade just trust your own instincts and you wont go wrong.

At the present time we are going up.
North by the way.
  • #104
  • May 28, 2014 5:13pm May 28, 2014 5:13pm
I find the above post amusing. Thanks for the laugh fella.....
SPC * Swollen PocketZ Crew!
  • #105
  • May 28, 2014 5:34pm May 28, 2014 5:34pm
Quoting JoeNY
I find the above post amusing. Thanks for the laugh fella.....

Joe I am happy that you enjoyed the laugh I will laugh with you but the object of the last post is to draw people out to say whatever is relevant to crude oil.
  • #106
  • May 28, 2014 5:40pm May 28, 2014 5:40pm
Gold and of course FX ("Forex" Factory) are really the only things popular around here. Give Gold a shot. The "Only Gold" thread is very active over in the Interactive section. Trades nice also.

Good Luck

Quoting don555
{quote} Joe I am happy that you enjoyed the laugh I will laugh with you but the object of the last post is to draw people out to say whatever is relevant to crude oil.
SPC * Swollen PocketZ Crew!
  • #107
  • May 29, 2014 3:18am May 29, 2014 3:18am
Hi all,

there is no secret, just keep simple. It,s me in the ocean swimming. Shot at 103.14 wit TP at 100.
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  • #108
  • May 30, 2014 6:11pm May 30, 2014 6:11pm
Up or down on Monday has anyone got a prediction ?
  • #109
  • Jun 2, 2014 12:56pm Jun 2, 2014 12:56pm
Quoting don555
Up or down on Monday has anyone got a prediction ?
Congrats, good trade!
  • #110
  • Jun 2, 2014 6:33pm Jun 2, 2014 6:33pm
Quoting bewayopa
{quote} Congrats, good trade!

Explain !!!
  • #111
  • Jun 4, 2014 3:53pm Jun 4, 2014 3:53pm
I fount 103$ as resistance and I can not see many reasons for oil to jump to 110$, but at the end never know. In case will go to 107$ probably I will short again. Nothing changed since 2 days ago.
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  • #112
  • Jun 5, 2014 7:40pm Jun 5, 2014 7:40pm
I think crude oil can rise higher. My basic read on the global macro picture is quite positive, so I am less concerned about some of the things (credit risks, re-accelerating inflation) that some investors have worried about. The improving G7 economic outlook, stronger loan growth, and declines in credit losses should all be supportive for crude oil. As long as the global economic news continues to signal improvement I am likely to maintain a pro-risk bias.
  • #113
  • Jun 11, 2014 3:52pm Jun 11, 2014 3:52pm
Quoting mahk90
Hi all, i'm going through my fair share of sleepless nights in trying to be a competent trader. is anyone having any luck trading crude oil using price action but with an indicator to help confirm entries and exits. Thanks in Advance MAHK

Crude is going up, it has made a strong move towards a long time high 105, now it is just beating around the bush before it is gonna explode upwards to I believe 110.

Plus OPEC has agreed to maintain output. This is a freelunch in my opinion
  • #114
  • Jun 11, 2014 4:22pm Jun 11, 2014 4:22pm
Quoting ziyaze
{quote} Crude is going up, it has made a strong move towards a long time high 105, now it is just beating around the bush before it is gonna explode upwards to I believe 110. Plus OPEC has agreed to maintain output. This is a freelunch in my opinion
im along for this ride, hopefully it doesnt push below 104 ill run out of margin
ill change tp to above 107 !! this could redeem me totally id be the happiest man
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  • #115
  • Jun 11, 2014 4:55pm Jun 11, 2014 4:55pm
Quoting Verve
{quote} im along for this ride, hopefully it doesnt push below 104 ill run out of margin ill change tp to above 107 !! this could redeem me totally id be the happiest man {image}
Maybe you are right, however I am shot again on 104.70 with TP=102.30
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  • #116
  • Jun 12, 2014 2:45am Jun 12, 2014 2:45am
Quoting ziyaze
{quote} Crude is going up, it has made a strong move towards a long time high 105, now it is just beating around the bush before it is gonna explode upwards to I believe 110. Plus OPEC has agreed to maintain output. This is a freelunch in my opinion

ziyaze what made you so sure that it was going to break 105 at the time it did
  • #117
  • Jun 12, 2014 3:55pm Jun 12, 2014 3:55pm
When a market moves in one direction so heavily in a day as it did right before breaking 105, it usually has to continue.

I'm no real trader, but there is a Jesse Livermore quote about this phenomenon if someone can find it pls.
  • #118
  • Jun 12, 2014 3:57pm Jun 12, 2014 3:57pm
Quoting Verve
{quote} im along for this ride, hopefully it doesnt push below 104 ill run out of margin ill change tp to above 107 !! this could redeem me totally id be the happiest man {image}
How is it going Verve are you a happy man now?
  • #119
  • Jun 14, 2014 1:34pm Jun 14, 2014 1:34pm
Quoting JoeNY
Your post made me think. PLEASE.... I post these charts as an example of my analysis. I trade the lines. I trade from one line to the next and take profit. I took the long off the 99.82 line. I'm not long for the day, just that trade. If I take a trade no one should follow what I do because you don't know if I exited or if I held on. I may have also scratched and re-entered the opposite way. This is also a big part about money management most don't talk about. I have a set stop and a mental stop. If price starts to doing something I'm not comfortable...
Hi Joe, thanks for sharing your strategy. I hope you don't mind me subscribing you.
Seems to me you don't use any indicators, aka lagging indicators.. do you consider the candles' shape/shadow to enter a trade?

GL and many green pips to you!
  • #120
  • Jun 14, 2014 8:02pm Jun 14, 2014 8:02pm
Hi Karpa,

Don't mind you subscribing at all, thanks. Moving averages for direction are the only lagging indicator used on occasion. I prefer lower time frames, 2-5 minute to get a read on the order flow using the entire screen of candles. Big time frames to find the good trades and yes I let the candle wicks light the path on the big time frames.

Good Luck Brotha...


Quoting Karpa
{quote} Hi Joe, thanks for sharing your strategy. I hope you don't mind me subscribing you. Seems to me you don't use any indicators, aka lagging indicators.. do you consider the candles' shape/shadow to enter a trade? GL and many green pips to you!
SPC * Swollen PocketZ Crew!
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