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Trading Crude Oil with price action + indicator

  • #141
  • Edited 1:54pm Jun 20, 2014 9:14am | Edited 1:54pm
Reported ^

Anyway...... Taking support on that supply line. Does that mean all the sell orders are gobbled up? I don't knowwwww..... Gobble Gobble...


Update 2:55pm EST: Sure did... ate em up good but it took all morning.... I have no patience that borefest

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SPC * Swollen PocketZ Crew!
  • #142
  • Jun 20, 2014 12:07pm Jun 20, 2014 12:07pm
On the current contract, above 106.9, I bet there are a pile of stops...
  • #143
  • Jun 20, 2014 5:34pm Jun 20, 2014 5:34pm
Quoting JoeNY
Wheat, Soybean and Corn for me as well... Awesome R:R on Soy. You think Crude takes off like a bat outta hell once everyone's loaded up? Soybean launches faster and further... All technical. No long term views. Just a Bear who shorts off his lines "counter or with" for some daily shekels. I'm in the U.S. so I can trade the contracts. Bar Chart .com for what's hot throughout the day. They update the rank/ volume totals as the day progresses. Soybean {image} {image} Wheat (Obviously...
Great post! Congratulations.
  • #144
  • Jun 20, 2014 11:02pm Jun 20, 2014 11:02pm
I want' to short this early in the week but the strength in crude right now is totally political (Iraq).
  • #145
  • Jun 21, 2014 12:09pm Jun 21, 2014 12:09pm
Quoting Verve
{quote} Damn right im happy!! ive almost double that account in a month, at first my strategy was shaky but i think i tamed the beast. Hows your trading? btw anyone know of a broker who compares with Ava trade - commodities and cfds, nevermind their fx spreads are harendous
DOUBLED!?! Are you sure you are following the 2% rule?

My paper trading went great with the oil, made 10% on my already 10% profits so it became 20%.

Now I am trading the USD/CAD & GBP/USD for their breakouts.

GBP/USD: I got it in too early man, it didn't do a heavy break out.

USD/CAD: I got it in just in time as my strategy says and now I am just waitin for action

Time will tell
  • #146
  • Jun 23, 2014 5:41am Jun 23, 2014 5:41am
Quoting ziyaze
{quote} DOUBLED!?! Are you sure you are following the 2% rule? My paper trading went great with the oil, made 10% on my already 10% profits so it became 20%. Now I am trading the USD/CAD & GBP/USD for their breakouts. GBP/USD: I got it in too early man, it didn't do a heavy break out. USD/CAD: I got it in just in time as my strategy says and now I am just waitin for action Time will tell
I use a martingale system and trade a few products so it is possible to make 50-100% thats my high risk acc, i have several.. long story.

Did you see this slip on cotton!!
Your two breakouts served you well i imagine. May the pips be with us all this week!!

In case you didnt catch the boom bust episode on RT news, here it is:
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Its about the american meltdown, collapse of USD and rise in comm prices. I would just buy all comms but the risk is they can still swing, so sadly i have to use my strategies and be patient :nerd:
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  • #147
  • Jun 23, 2014 7:16am Jun 23, 2014 7:16am
Quoting Verve
{quote} I use a martingale system and trade a few products so it is possible to make 50-100% thats my high risk acc, i have several.. long story. Did you see this slip on cotton!! Your two breakouts served you well i imagine. May the pips be with us all this week!! In case you didnt catch the boom bust episode on RT news, here it is: http://www.youtube.com/watch?v=j6Nn1...8lORiQzzDzny5s Its about the american meltdown, collapse of USD and rise in comm prices. I would just buy all comms but the risk...
Your cotton chart is a bit inaccurate as it's just reflecting the rolling of contracts from July to October. No big drop as the chart shows.
  • #148
  • Edited 7:48am Jun 23, 2014 7:36am | Edited 7:48am
Quoting srt
{quote} Your cotton chart is a bit inaccurate as it's just reflecting the rolling of contracts from July to October. No big drop as the chart shows.
what u mean, im almost 200usd down on that minor trade, thank fk i didnt trade large for over weekend holding
also its a bit early for roll out no? heck i best find out from my broker when this all takes place for future ref

waiting to buy crude light at upward trend
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  • #149
  • Edited 7:58am Jun 23, 2014 7:44am | Edited 7:58am
Quoting Verve
{quote} what u mean, im almost 200usd down on that minor trade, thank fk i didnt trade large for over weekend holding waiting to buy crude light at upward trend {image}
Your broker must not adjust the CFD when a contract rolls. You might want to file a complaint.

***Compare the July & Oct. quotes to your chart. Similar to the prior & new price?

Cotton Quotes:

Jul-2014 88.06 -0.10
Oct-2014 77.40 -0.09
Dec-2014 77.41 +0.33
  • #150
  • Jun 23, 2014 11:34am Jun 23, 2014 11:34am
Quoting Verve
{quote} I use a martingale system and trade a few products so it is possible to make 50-100% thats my high risk acc, i have several.. long story. Did you see this slip on cotton!! Your two breakouts served you well i imagine. May the pips be with us all this week!! In case you didnt catch the boom bust episode on RT news, here it is: http://www.youtube.com/watch?v=j6Nn1...8lORiQzzDzny5s Its about the american meltdown, collapse of USD and rise in comm prices. I would just buy all comms but the risk...
50-100% is crazy man... yeah the usd/cad served me a little but i didnt feel like it was a genuine move downwards yet. it seems to obvious i am going to wait it out so i got out, same with gbpusd.
  • #151
  • Jun 23, 2014 2:12pm Jun 23, 2014 2:12pm
Brent Crude testing original major weekly TL BO level, also coming back to short term support. Gunna send a long probe into market see if she holds.
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All posts are my personal opinion
  • #152
  • Jun 23, 2014 2:45pm Jun 23, 2014 2:45pm
Quoting srt
{quote} Your broker must not adjust the CFD when a contract rolls. You might want to file a complaint. ***Compare the July & Oct. quotes to your chart. Similar to the prior & new price? Cotton Quotes: Jul-2014 88.06 -0.10 Oct-2014 77.40 -0.09 Dec-2014 77.41 +0.33
Hold the bus, i just noticed this bonus in swap column, i guess this is how they 'roll out'

Whats your opinions on nat_gas buyers market, aside from good weather and storage lately
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  • #153
  • Jun 23, 2014 2:48pm Jun 23, 2014 2:48pm
Quoting srt
{quote} Your broker must not adjust the CFD when a contract rolls. You might want to file a complaint. ***Compare the July & Oct. quotes to your chart. Similar to the prior & new price? Cotton Quotes: Jul-2014 88.06 -0.10 Oct-2014 77.40 -0.09 Dec-2014 77.41 +0.33
im relatively new to comms so does this happen regularily, like this drop in nat_gas in feb 2014 was this roll over to new contract or something like news in the market
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  • #154
  • Jun 23, 2014 4:06pm Jun 23, 2014 4:06pm
Quoting Verve
{quote} im relatively new to comms so does this happen regularily, like this drop in nat_gas in feb 2014 was this roll over to new contract or something like news in the market {image}
That was another contract roll. It's not the same with all commodities as to when & how often they roll. It all depends upon which contracts are "actively traded" with each market. It's usually 2 months or 3 months between contract rolls. You almost need to check each market & check the futures to see when they'll roll.
  • #155
  • Jun 23, 2014 4:10pm Jun 23, 2014 4:10pm
Quoting Verve
{quote} Hold the bus, i just noticed this bonus in swap column, i guess this is how they 'roll out' Whats your opinions on nat_gas buyers market, aside from good weather and storage lately {image}
Glad to see you don't have to chase down your broker to get it figured out :-)

In nat. gas I sold some puts & purchased some ratio spreads @ zero cost to provide a little protection. I'll roll & add if needed.
  • #156
  • Jun 24, 2014 5:26am Jun 24, 2014 5:26am
im building up a nice stack of longs on xau and oil, waiting for pullback after this CL-Oil move, add new long at 105.80s sl 105.1
Also added a recovery trade to nat_gas (long) fingers crossed
have a nice day y'all
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  • #157
  • Jun 24, 2014 8:09am Jun 24, 2014 8:09am
coffee - long - upward wedge, ascending triangle, psl 176.20 tp 179s+
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  • #158
  • Edited 9:09am Jun 24, 2014 8:56am | Edited 9:09am
This coffees cold, i added more and now using other strategy, breakout was not to be, i wouldnt be surprised if it comes down to 'right blue box'
down trend seems to have been broken, will it come down to test or rally up, lets go see some news .. back in a bit

Update: no news release re: coffee, still holding longs
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  • #159
  • Jun 24, 2014 6:23pm Jun 24, 2014 6:23pm
Crazy spike 30 minutes ago 107.50... seems destined higher! To think I was thinking of closing some of my red calls this morning... the trend is for sure your friend!

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Many people use risk reversals on here?
  • #160
  • Jun 25, 2014 5:58pm Jun 25, 2014 5:58pm
If we consider the current value of the EURUSD is more expensive now than when I spent the 150USD
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