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Trading Crude Oil with price action + indicator

  • #281
  • Sep 23, 2014 3:32am Sep 23, 2014 3:32am
Quoting now0pen
If I may join the fun? Opened long XTI/USD at 90.84. Initial stop set at ~90.57. {image}
With tp on 91.40
Rather good entry
  • #282
  • Sep 23, 2014 7:22pm Sep 23, 2014 7:22pm
Opened long XTIUSD 91.41. Price held above short term support at ~90.32...hoping that bulls start to come in on a quiet tokyo session.
Attached Image
"See the ball. Hit the ball."
  • #283
  • Sep 24, 2014 2:11am Sep 24, 2014 2:11am
My trailing stop was too tight and closed my long position hours ago.

Quoting now0pen
Opened long XTIUSD 91.41. Price held above short term support at ~90.32...hoping that bulls start to come in on a quiet tokyo session. {image}
"See the ball. Hit the ball."
  • #284
  • Sep 24, 2014 12:25pm Sep 24, 2014 12:25pm
Crude Oil
General possible plan
Variant A
Entries will look at smaller timeframs
Attached Image (click to enlarge)
Click to Enlarge Name: НЕФТЬ НАБРОСКИ.jpg Size: 216 KB
  • #285
  • Sep 30, 2014 10:56am Sep 30, 2014 10:56am
wow, what was up with the $3 drop today???
  • #286
  • Sep 30, 2014 11:27am Sep 30, 2014 11:27am
Quoting seanwg
wow, what was up with the $3 drop today???
I am asking the same question. What's up today and where is this headed?
  • #287
  • Oct 1, 2014 9:49am Oct 1, 2014 9:49am
it was very well expected, market was way to close to massive resistance and needed more buyers to Break thru the 95 wall.
there were not so many reasons to break it and as always Oil takes out the people who don't book fast profits.

Too much Resistance
Too Much support around 90
too much pressure before it goes to new High

so It would take a while before it reaches 95 again, however i would not be surprised to see 90 level tested again before it starts a new rally.

if 90 is not held, then expect oil to test 88-85usd before anyone should looking to buy
  • #288
  • Oct 2, 2014 2:58am Oct 2, 2014 2:58am
another dump off today
  • #289
  • Oct 2, 2014 5:04am Oct 2, 2014 5:04am
Attached Image (click to enlarge)
Click to Enlarge Name: crude oil.PNG Size: 51 KB
  • #290
  • Oct 2, 2014 12:44pm Oct 2, 2014 12:44pm
If anyone read my last post, I would say It meant something, and was not JUNK.

Lol from 91 ish to 88ish and back to 90.5, so much fun in one day alone.
  • #291
  • Oct 2, 2014 1:33pm Oct 2, 2014 1:33pm
Quoting ghpk
If anyone read my last post, I would say It meant something, and was not JUNK. Lol from 91 ish to 88ish and back to 90.5, so much fun in one day alone.
I read it. Interesting insight. Looked like it was heading towards 85 today as you indicated but now as I am typing it is over 91.
  • #292
  • Oct 2, 2014 1:34pm Oct 2, 2014 1:34pm
anybody know or remember what was the biggest drop or rise in one day and when?
  • #293
  • Oct 2, 2014 4:01pm Oct 2, 2014 4:01pm
Quoting kweiss10
anybody know or remember what was the biggest drop or rise in one day and when?
Look at the biggest daily candle.
But if seriously, it depends from volatility of ranges. Now we have big drops and rushes, cause we were in a range more than 500 pips for more tnan 5 weeks. Seems the oil is ready to drop more.
Key price levels:
95
92.50
87.50
85
  • #294
  • Oct 8, 2014 12:20am Oct 8, 2014 12:20am
88.18 is toast...


whats next. my charts have to go way way back to find any support!!!

seems funny we have the oil inventory report tomorrow...
  • #295
  • Oct 8, 2014 7:39am Oct 8, 2014 7:39am
I think today or this week we will see 86.00 then buy oil and my targets are 87.70, 88.30 then 89.60
Note: this is my point of view so you don't have to depend on it
Attached Image (click to enlarge)
Click to Enlarge Name: oil.PNG Size: 56 KB
  • #296
  • Oct 8, 2014 9:09am Oct 8, 2014 9:09am
Quoting apoozery
I think today or this week we will see 86.00 then buy oil and my targets are 87.70, 88.30 then 89.60 Note: this is my point of view so you don't have to depend on it {image}

looks like its coming through to your target
  • #297
  • Oct 8, 2014 9:09am Oct 8, 2014 9:09am
i aggree and i think 85.10 should be the spring board for another push to around 90 ish but then a fall back to about 82 then push to 110
  • #298
  • Oct 8, 2014 4:17pm Oct 8, 2014 4:17pm
the reality is;

arabic countries are producing 100 barrel (example!) a day at the moment.
Other countries need 80 barrel a day at the moment.

So arabic countries are producing 20 barrel more at the moment.

Do you know what are they doing???

They are reducing the price to sell extra 20 barrel instead of producing 80 barrel a day.

So my friends.. Just come to reality.. This is really happening at the moment.

Consider this..
Its not an advice and sorry for grammar.
  • #299
  • Oct 9, 2014 4:39pm Oct 9, 2014 4:39pm
Quoting apoozery
I think today or this week we will see 86.00 then buy oil and my targets are 87.70, 88.30 then 89.60 Note: this is my point of view so you don't have to depend on it {image}
The weekly chart agrees. Support point at 88.47 from June 2012, could squeeze down to 86.10 area. Interesting turning point which could lead to buyers coming in.

Attached Image (click to enlarge)
Click to Enlarge Name: BRN Weekly.PNG Size: 52 KB
  • #300
  • Oct 9, 2014 9:29pm Oct 9, 2014 9:29pm
Some stops for sure sprang today... $84.06 low?


Is this the end!!
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