Oil and Natural Gas | Page 97 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Natural gas trading 113 replies

Natural Gas Stopped out Bad start 8 replies

Why is natural gas going down? 6 replies

Differences in Oanda natural gas prices? 6 replies

natural gas - 10 consecutive red candles in a row 10 replies

Attachments: Oil and Natural Gas
Exit Attachments

Oil and Natural Gas

  • #1,921
  • Oct 18, 2015 8:15am Oct 18, 2015 8:15am
Oil nations feel the strain of  Opec’s continuing price war

http://www.telegraph.co.uk/finance/n...price-war.html
Memories caught in time but never forgotten
  • #1,922
  • Oct 19, 2015 7:08am Oct 19, 2015 7:08am
Quoting SuperMario21
{quote} One more position opened. I will close them on Monday, now I don't know exactly where, but under 46. Next week trend up again....
Closed.
Now it's time to long...there are many possible targets, area 49 seems waiting, and also more...
I discovered that is very nice to trade CrudeOil, i didn't know.
The problems are that, with the broker that I use, the spread is high and it's a cfd that expire every month. So at the exparation I have to move in the new chart and apply changes because also the price is different.

How do you trade it? With cfd? Is there a better sprend than 5/6 ticks?
Thanks
  • #1,923
  • Oct 19, 2015 7:12am Oct 19, 2015 7:12am
Quoting SuperMario21
{quote} Is there a better sprend than 5/6 ticks? Thanks
Difficult to find less than 5. Best I could find was IG with 3 but they have minimum 2 contracts, so 2x3.
  • #1,924
  • Oct 19, 2015 7:19am Oct 19, 2015 7:19am
Quoting sakisf
{quote} Difficult to find less than 5. Best I could find was IG with 3 but they have minimum 2 contracts, so 2x3.
It's not the best but seems better. Thanks for the info
  • #1,925
  • Oct 19, 2015 7:48am Oct 19, 2015 7:48am
Quoting SuperMario21
{quote} Closed. Now it's time to long...
On a down day?
  • #1,926
  • Oct 19, 2015 8:03am Oct 19, 2015 8:03am
Quoting SunTrader
{quote} On a down day?
The trend is changing and it can't go under 46,10/46,00
  • #1,927
  • Oct 19, 2015 8:03am Oct 19, 2015 8:03am
Quoting SuperMario21
{quote} It's not the best but seems better. Thanks for the info

fxpro ...trade cdf 4pips spread or WTI (spot ) 4 pips , WTI spot is better no contract change
  • #1,928
  • Oct 19, 2015 8:27am Oct 19, 2015 8:27am
Quoting SuperMario21
{quote} The trend is changing and it can't go under 46,10/46,00
I am testing concepts leading to the same conclusion. My question is how long can it stay truly oversold/mispriced?

k
  • #1,929
  • Oct 19, 2015 9:00am Oct 19, 2015 9:00am
Quoting kprsa
{quote} I am testing concepts leading to the same conclusion. My question is how long can it stay truly oversold/mispriced? k
Apparently not very long... (did get my tight sl taken two times, but the third time it lived.)
k
  • #1,930
  • Oct 19, 2015 9:29am Oct 19, 2015 9:29am
Quoting SuperMario21
{quote} The trend is changing and it can't go under 46,10/46,00
Can't?

On my M5 chart trend hasn't changed to up yet. And volume is higher on downswing than up one so ....:
Attached Image (click to enlarge)
Click to Enlarge Name: QM.png Size: 61 KB
  • #1,931
  • Oct 19, 2015 10:52am Oct 19, 2015 10:52am
Quoting kprsa
{quote} I am testing concepts leading to the same conclusion. My question is how long can it stay truly oversold/mispriced? k
Sorry, I was busy to close the shorts on the EURUSD...also there now it's time place long positions.

I'm not able to say how long, because with my method I can calculate the target areas of the price and not the time.In my opinion 1 day with very high liquidity/volume can reachs more targets than 1 week with poor liquidity. So I don't about the time.

From here I can expect that big boys want the area around 50, above 48. I can't be precise now because I calculate the target day by day, depending about the bears/bulls action (and than the haters can say the I was wrong for 5 ticks...).

So for now I open just long position. Probably at the end of this week we will reach the target.

On long-term period we have to short again, in a bigger area, under the levels of today. We already hit the bottom, to go under 38 again has no sense. There was also medvic is expecting a hard drop for December:

Quoting medvic
{quote} imo, not yet, Saudis trying hard to get Russia out of Europe and secure deals before Iran sanctions off in two month. so, oil will go higher just to drop hard end of December...http://uk.reuters.com/article/2015/1...0S90DF20151015
So we have also fundamental reasons.
All this analysis find a good confirmation with the situation of USDCAD....

The chart is with the CrudOil contract of Novembre. With new contract price change a little bit....
Attached Image (click to enlarge)
Click to Enlarge Name: OIL-NOV15H4.png Size: 58 KB
  • #1,932
  • Oct 19, 2015 10:53am Oct 19, 2015 10:53am
Quoting nutts
{quote} fxpro ...trade cdf 4pips spread or WTI (spot ) 4 pips , WTI spot is better no contract change

Thanks, but I don't like them, in the past they made to much problems just to withdraw my money back. The accounting team is not the best....
  • #1,933
  • Edited 11:04am Oct 19, 2015 10:53am | Edited 11:04am
Some good information for newbies in forex market and on ForexFactory::

- http://www.forexfactory.com/showthread.php?t=23495

- https://en.wikipedia.org/wiki/Hater_(Internet)
  • #1,934
  • Oct 19, 2015 12:41pm Oct 19, 2015 12:41pm
Quoting SunTrader
{quote} Can't? On my M5 chart trend hasn't changed to up yet. And volume is higher on downswing than up one so ....: {image}
Maybe further to go down ?

World powers and Iran set the clock ticking Sunday on a landmark accord placing limits on the Islamic Republic’s nuclear work in return for access to oil and
financial markets.

Technicals look bearish to me, at least down to 45$. the move up to 49xx might just be a liquidity pool hunt ?

Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDWeekly.png Size: 49 KB


Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH4.png Size: 55 KB
Memories caught in time but never forgotten
  • #1,935
  • Oct 20, 2015 1:48am Oct 20, 2015 1:48am
Quoting SuperMario21
{quote} Sorry, I was busy to close the shorts on the EURUSD...{image}
Interesting, thanks. I am trying to do a similar thing. It also just provides the levels and not the time needed to reach it. I get something like your lower level, but not the higher one. So far, I think the price went to all the places on the upside needed. After the lower target is reached, according to my calculations, in the long run oil should go way up... Time will tell,
k
  • #1,936
  • Oct 20, 2015 9:31am Oct 20, 2015 9:31am
Quoting kprsa
{quote} Time will tell, k
Now, I think it should finally go down.
k
  • #1,937
  • Oct 21, 2015 2:37am Oct 21, 2015 2:37am
i am just tired of Oil trading, it keeps going against me and i am always in the wrong direction...
  • #1,938
  • Oct 21, 2015 8:15am Oct 21, 2015 8:15am
Quoting ash1485
i am just tired of Oil trading, it keeps going against me and i am always in the wrong direction...
....trade smaller positions on a longer time frame, perhaps.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,939
  • Oct 21, 2015 8:17am Oct 21, 2015 8:17am
At the time of writing this post, the Crude Oil Inventories are due to be published in 1 1/4 hrs; i.e. 75 minutes.

So how is that articles like this are flying around?
https://uk.finance.yahoo.com/news/oi...020639212.html
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #1,940
  • Oct 21, 2015 9:09am Oct 21, 2015 9:09am
its not always the oil inventories you have to watch, the gasoline and distilled inventories are out at the same time ......and can throw the price.. as happened last week. huge build of oil but big draw on gasoline and distilled

much love
0 traders viewing now