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Trading Crude Oil with price action + indicator

  • #581
  • Jul 6, 2015 9:18pm Jul 6, 2015 9:18pm
No longs until it hits 40$
Correction... that would be nice to load more shorts.... I dont see price goes above 55 today or tomorrow... but sure we'll have correction soon. May be with US OIL inventory data release.
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Journey is more important than destination
  • #582
  • Jul 7, 2015 7:08pm Jul 7, 2015 7:08pm
usoil crude oil when was bullish
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Life is too short , So keep smiling
  • #583
  • Jul 13, 2015 9:13pm Jul 13, 2015 9:13pm
Time to short tp 40
Journey is more important than destination
  • #584
  • Jul 15, 2015 10:04am Jul 15, 2015 10:04am
cci Indicator
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Life is too short , So keep smiling
  • #585
  • Jul 24, 2015 6:57am Jul 24, 2015 6:57am
bullish or bearish ?
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Life is too short , So keep smiling
  • #586
  • Jul 24, 2015 7:29am Jul 24, 2015 7:29am
Quoting Kurosh
bullish or bearish ? {image}
Either seems possible, yesterday i bought some oil at 48.60 but closed the position because of the so little bounce it happened but if we continue down i will try to buy again at 47.40-50 thats my plan for now atleast
  • #587
  • Jul 24, 2015 8:19am Jul 24, 2015 8:19am
Quoting Kurosh
bullish or bearish ? {image}
consolation mode for a while... but we should dive deep soon... may be on monday...
Journey is more important than destination
  • #588
  • Jul 24, 2015 4:28pm Jul 24, 2015 4:28pm
Anybody trading only oil???.....im a new trader as of a month...(demo traded for 6 months)...and it seems that im doing better at only trading oil.....even when i was demo trading i had better results only trading oil....i started with a 300$ account with vantagefx..went into profit than into a 100$ drawdown to 214$ ....and then i decided to concentrate only on oil and im up 50$ this week to 275$.....

Question...does anybody only trade oil ....got a good website for oil news and analysis?

I usualy activly trade monday to thursday for 9 to 12 am newyork time and monitor price around the clock. Im cautious on fridays and will trade with extra care closing my pos by noon.
Any tips or strategies? I worked myself a couple and some work mostly well
I did alot of beginner studies on technical stuff and all.
How' bout those nice gaps over the weekend? Anybody trading those .

Any advice?

Thx!
  • #589
  • Jul 25, 2015 9:10am Jul 25, 2015 9:10am
Quoting atom3
{quote} Either seems possible, yesterday i bought some oil at 48.60 but closed the position because of the so little bounce it happened but if we continue down i will try to buy again at 47.40-50 thats my plan for now atleast
Will probably hit 47.3 on Wednesday/Thur. I will be prepared to load up longs in that area then
Shit Happens
  • #590
  • Jul 27, 2015 1:35am Jul 27, 2015 1:35am
might consolidate some but the supply glut and iran news to double production might slip it lower to 42 area

i can be wrong

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  • #591
  • Jul 27, 2015 1:39am Jul 27, 2015 1:39am
Quoting PatienceFx
might consolidate some but the supply glut and iran news to double production might slip it lower to 42 area i can be wrong {image}
i am just waiting for a possible retrace to h1 100 ma to short again, but a break of 48 support is an obvious sell again
  • #592
  • Jul 27, 2015 4:23am Jul 27, 2015 4:23am
Quoting PatienceFx
might consolidate some but the supply glut and iran news to double production might slip it lower to 42 area i can be wrong {image}
soon we should have pull back... and it gives opportunity to short higher
Journey is more important than destination
  • #593
  • Jul 27, 2015 5:17am Jul 27, 2015 5:17am
Quoting traderbola
{quote} soon we should have pull back... and it gives opportunity to short higher
I will go long at 47.4 where with some luck i will catch a pullback and then i will short it but i will see at what price if it happenes thats the plan atleast for now
  • #594
  • Jul 27, 2015 5:24am Jul 27, 2015 5:24am
Quoting atom3
{quote} I will go long at 47.4 where with some luck i will catch a pullback and then i will short it but i will see at what price if it happenes thats the plan atleast for now
Fundamentally, crude prices have fallen dramatically and this trend could very well continue based on the latest from Hightower morning commentary when the report stated, ” Reports of trouble at a hedge fund, fresh technical damage on the charts and awareness that the spec and fund long in crude oil futures remains large, gives the bear camp plenty of ammunition to extend the downward thrust in prices. While we don’t expect crude oil prices to fall down to some of the ultra-bear targets of $30-$40 a barrel, we can’t argue against a retest of weekly consolidation low support of $47.57. Unfortunately for the bull camp, stronger US data and strong US implied gasoline demand looks to have no capacity to halt or slow the slide in crude oil on this liquidation wave. In the last COT positioning report, the spec and fund long in crude oil weighed in at a very burdensome 292,000 contracts!” That is no surprise to me especially when you take into consideration that the Chinese economy seems to be on shaky ground,
  • #595
  • Jul 27, 2015 5:27am Jul 27, 2015 5:27am
48.03 was a weekly support, and i was hoping it might hold, but .......... oh well

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  • #596
  • Jul 27, 2015 5:33am Jul 27, 2015 5:33am
Quoting PatienceFx
48.03 was a weekly support, and i was hoping it might hold, but .......... oh well {image}
lets see how the 46.85 support behaves now.
  • #597
  • Jul 27, 2015 5:42am Jul 27, 2015 5:42am
Quoting atom3
{quote} I will go long at 47.4 where with some luck i will catch a pullback and then i will short it but i will see at what price if it happenes thats the plan atleast for now
I would be very cautious with going long until we hit 43 zone...
Journey is more important than destination
  • #598
  • Jul 27, 2015 5:50am Jul 27, 2015 5:50am
Quoting traderbola
{quote} I would be very cautious with going long until we hit 43 zone...
i just have to wait for a bullish signal on h4 lol
  • #599
  • Jul 27, 2015 5:59am Jul 27, 2015 5:59am
Quoting PatienceFx
{quote} lets see how the 46.85 support behaves now.
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  • #600
  • Jul 27, 2015 6:01am Jul 27, 2015 6:01am
Quoting traderbola
{quote} I would be very cautious with going long until we hit 43 zone...

completely agree, wait till us open ..........short it from a short term rally
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