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Trading Crude Oil with price action + indicator

  • #461
  • Mar 3, 2015 10:10pm Mar 3, 2015 10:10pm
WTI Crude Oil confirmed again a positive closing last night while however remaining still interior the inside day with 51,35 – 47,70 the levels to follow in the coming hours. Only a break of the support will suggest a retest of the previous low below 45. The indicators of the daily chart are still well positive for now but again we have potential negative reversals suggesting lower levels.
  • #462
  • Mar 4, 2015 6:06am Mar 4, 2015 6:06am
I think we will see 50.35 till Chicago Open today. Caution out there. Its Crude Oil Inventory day and algos go carzy on that shit last weeks.

I advice stay out of market. Crude Oil Data are at the moment not tradeable. Breakouts in several directions. Even with deeper market knowledge not tradebale ( my opinion)

+ CAUTION! +
  • #463
  • Mar 4, 2015 11:33am Mar 4, 2015 11:33am
hmm akward. This weeks inventory forecast and last weeks forecast far above expecations and still this thing rises.
  • #464
  • Mar 4, 2015 11:48am Mar 4, 2015 11:48am
Quoting kweiss10
hmm akward. This weeks inventory forecast and last weeks forecast far above expecations and still this thing rises.
Noobs buying som millions then its gonna fall in 30 mints, sold 10 lots here @ 51.5
Let me fill my acount wallet then will take Ur advice
  • #465
  • Mar 4, 2015 11:50am Mar 4, 2015 11:50am
with israel speech at congress and the iranin claims no deal been made and almost no hope for a deal i think thats gonna boost oil for a while
Let me fill my acount wallet then will take Ur advice
  • #466
  • Mar 5, 2015 4:01am Mar 5, 2015 4:01am
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  • #467
  • Mar 6, 2015 12:25pm Mar 6, 2015 12:25pm
Quoting Goldminer
{image}
Hi
I am totally new to OIL trading. I am regular trader in Forex but I also want to learn trading in OIL. Can you suggest free learning source?

I have question that can you place trades like Forex with pending orders?

Probably my question is stupid question because I don't know anything about OIL trading.
Love for all; Hatred for none.
  • #468
  • Mar 9, 2015 8:14am Mar 9, 2015 8:14am
Hi..

Trading in Oil is different than that of Forex.
Different set of fundamentals are required for trading Oil like Crude inventories and Natural gas repositories..
It sometimes gains on strength on Dollar and sometimes loses ground on dollar strength.
Lot of short covering will happen and the contracts expire pushing oil much higher..

Defined strategy cannot be defined as far as oil is concerned. Trade with Technicals on a larger time frame with ADX and Slow stochastic.
Meantime read news for oil frequently and any signs of demand less, sell and any signs of demand more, buy..

This is my suggestion!

Hope this helps..
  • #469
  • Mar 9, 2015 8:18am Mar 9, 2015 8:18am
Not going to last, maybe 51 then down hard..Already shorting 50.5x
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  • #470
  • Mar 19, 2015 11:06pm Mar 19, 2015 11:06pm
WTI Crude Oil confirmed a negative closing but the pressure failed to break below the support 43,90. The indicators of the daily chart are still well negative for now but those of the s/t ones remain more or less above the line suggesting further consolidation/correction. I stay long, 45.47.
  • #471
  • Mar 19, 2015 11:11pm Mar 19, 2015 11:11pm
Quoting Keptene
WTI Crude Oil confirmed a negative closing but the pressure failed to break below the support 43,90. The indicators of the daily chart are still well negative for now but those of the s/t ones remain more or less above the line suggesting further consolidation/correction. I stay long, 45.47.
Probably right short term but not interested in going long crude, wanted to around 43.5, but now I basically wait for 48-50 zone and will short the hell out of it for 35 or less.
  • #472
  • Mar 20, 2015 12:13am Mar 20, 2015 12:13am
Quoting Pravu4u
Hi.. Trading in Oil is different than that of Forex. Different set of fundamentals are required for trading Oil like Crude inventories and Natural gas repositories.. It sometimes gains on strength on Dollar and sometimes loses ground on dollar strength. Lot of short covering will happen and the contracts expire pushing oil much higher.. Defined strategy cannot be defined as far as oil is concerned. Trade with Technicals on a larger time frame with ADX and Slow stochastic. Meantime read news for oil frequently and any signs of demand less, sell and...
thank you for your info
people leave, but this thread will go on for ever
  • #473
  • Mar 20, 2015 12:14am Mar 20, 2015 12:14am
Quoting Ck87
{quote} Probably right short term but not interested in going long crude, wanted to around 43.5, but now I basically wait for 48-50 zone and will short the hell out of it for 35 or less.
hi ck87 your info is valuable thanks mate
people leave, but this thread will go on for ever
  • #474
  • Mar 22, 2015 10:52pm Mar 22, 2015 10:52pm
Crude Oil confirmed on Friday a positive closing while however remaining interior the positive outside day. The weekly closing was also positive forming a positive week reversal! The indicators of the s/t charts are instead showing a mixed picture this morning. Friday’s rally above 47 failed to form divergences in the hourly chart and this is not too positive. However, while above 44,75 on an hourly closing I expect a further test on the upside!! I try therefore keeping the long position (45.47) moving however the stop to 44,65.
  • #475
  • Mar 29, 2015 12:46pm Mar 29, 2015 12:46pm
A few notes on Crude Oil Futures.

Notes and Research available on http://wallstreetdynamic.com/2015/03...lysis-3-29-15/

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"More important than the quest for certainty is the quest for clarity"
  • #476
  • Mar 29, 2015 6:07pm Mar 29, 2015 6:07pm
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  • #477
  • Mar 29, 2015 7:36pm Mar 29, 2015 7:36pm
Great Job on the charts and detail of information. Do you recommend Ninjatrader over esignal?
"More important than the quest for certainty is the quest for clarity"
  • #478
  • Mar 30, 2015 3:54pm Mar 30, 2015 3:54pm
Quoting JeremyMoore
Great Job on the charts and detail of information. Do you recommend Ninjatrader over esignal?
Jeremy, I've been with NinjaTrader for many years. My broker is Interactive Brokers and I have a direct feed connected to my NinjaTrader platform. Recently NinjaTrader become their own broker and I have no info on their brokerage service.

I would say though that I have been very happy with their platform and I would highly recommend the use of their platform to anyone. Regarding e-signal, I have never used them but have never heard any negative comments about them, Rocky.
  • #479
  • Mar 31, 2015 6:09am Mar 31, 2015 6:09am
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  • #480
  • Mar 31, 2015 6:21am Mar 31, 2015 6:21am
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