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Trading Crude Oil with price action + indicator

  • #541
  • May 27, 2015 8:47am May 27, 2015 8:47am
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http://www.forexfactory.com/attachme...1&d=1432734387
  • #542
  • May 27, 2015 8:51am May 27, 2015 8:51am
Quoting rocky
{image} {image}
Thank you. You and I and millions others saw the same thing coming through and I knew I was fkd and immediately moved to -2
  • #543
  • May 27, 2015 9:32am May 27, 2015 9:32am
Hi Rocky

I m new to this thread and really amazed with your knowledge. I will be in tough with your posting and hopefully will learn something. thanks a lot
  • #544
  • May 27, 2015 1:13pm May 27, 2015 1:13pm
Quoting rocky
{image} {image}

Anyone long Crude/Brent at this hour for 20-30pips TP or waiting for EIA Report tomorrow it would be huge moves down/up past that...
Scoobi doobi doo
  • #545
  • May 27, 2015 1:17pm May 27, 2015 1:17pm
Quoting Scoobidoobi
{quote} Anyone long Crude/Brent at this hour for 20-30pips TP or waiting for EIA Report tomorrow it would be huge moves down/up past that...

What to expect from EIA Report tomorrow must for OIL Traders:

http://finance.yahoo.com/news/expect...124124840.html
Scoobi doobi doo
  • #546
  • May 28, 2015 7:53am May 28, 2015 7:53am
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EDIT - 08:58 hrs. Closed all contracts for a profit.

http://www.forexfactory.com/attachme...1&d=1432817517

http://www.forexfactory.com/attachme...1&d=1432817459
  • #547
  • May 28, 2015 9:13am May 28, 2015 9:13am
Good job Rocky.
  • #548
  • May 28, 2015 9:17am May 28, 2015 9:17am
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http://www.forexfactory.com/attachme...1&d=1432822578


http://www.forexfactory.com/attachme...1&d=1432822478
  • #549
  • May 28, 2015 9:27am May 28, 2015 9:27am
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Edit: S/L at B/E

http://www.forexfactory.com/attachme...1&d=1432823167
  • #550
  • May 28, 2015 10:06am May 28, 2015 10:06am
Wow Rocky, How do you know all this, Great work man
  • #551
  • May 28, 2015 10:36am May 28, 2015 10:36am
Attached Image (click to enlarge)
Click to Enlarge Name: CL 07-15 (240 Min) 5_28_2015.jpg Size: 190 KB


http://www.forexfactory.com/attachme...1&d=1432827330
  • #552
  • May 28, 2015 1:48pm May 28, 2015 1:48pm
Quoting rocky
{image} {image}

Attached Image (click to enlarge)
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http://www.forexfactory.com/attachme...1&d=1432838850
  • #553
  • May 28, 2015 6:07pm May 28, 2015 6:07pm
Quoting rocky
{image} {image}
Interesting, do you consider 61 to be the resistance (value area)?
  • #554
  • May 28, 2015 6:38pm May 28, 2015 6:38pm
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  • #555
  • May 29, 2015 11:34am May 29, 2015 11:34am
Quoting atom3
I have a buy order at 59$ and then at 58.50 also
Both positions closed at current price 59.86 which is not what i was aiming for and i took quite a risk holding those when we went lower anyway now i'll be looking to buy the next good dip we make
  • #556
  • Jun 1, 2015 8:40am Jun 1, 2015 8:40am
Hi Rocky

Good Morning

What do you see in crude oil today

Regards

AYS
  • #557
  • Jun 7, 2015 3:11am Jun 7, 2015 3:11am
Some interesting correlations with USDCAD setting up
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  • #558
  • Jun 9, 2015 8:46pm Jun 9, 2015 8:46pm
Given EIA tomorrow, today's monstrous move on RSI in Crud,e and a fib reversal point, I will personally be looking to the 60.90-61.30 to be a major seller for a move back down to 59 in quick fashion tomorrow.
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  • #559
  • Jun 10, 2015 3:19am Jun 10, 2015 3:19am
Quoting jplazard
Given EIA tomorrow, today's monstrous move on RSI in Crud,e and a fib reversal point, I will personally be looking to the 60.90-61.30 to be a major seller for a move back down to 59 in quick fashion tomorrow. {image}

Sold Oil at 61.21 here on 1 contract. I said I would wait until US open for more liquidity but the upper part of the sell zone at 61.38 is too much to pass up for a potential low RR trade. I don't mind risking a 40 point stop loss ($61.61 or $400 in order to see CL trade down to 95 or $1210)

If I am wrong at least I can hope dollar will continue to trade lower as well on these two trades going into US open

EDIT: wow that was a quick loss of 400! I am amazed what is happening overnight in oil. It is strange behavior for sure I am on the sidelines now in this market until US approaches.
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  • #560
  • Jun 10, 2015 4:10am Jun 10, 2015 4:10am
Quoting jplazard
{quote} Sold Oil at 61.21 here on 1 contract. I said I would wait until US open for more liquidity but the upper part of the sell zone at 61.38 is too much to pass up for a potential low RR trade. I don't mind risking a 40 point stop loss ($61.61 or $400 in order to see CL trade down to 95 or $1210) If I am wrong at least I can hope dollar will continue to trade lower as well on these two trades going into US open EDIT: wow that was a quick loss of 400! I am amazed what is happening overnight in oil. It is strange behavior for sure I am on the sidelines...
Thats because you got the resistance level wrong in my view, i see it as 61.7 and then 63-63.4, personally i think we have a very good chance to hit 63, thats why i am holding longs from 57.7,58.4 last week, well i closed one now at current price and put a tight SL to the other
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