{quote} great result as always
Only the price on the chart can show the entrance to the deal...
News trading discussion - continuation
- #1,721
- Nov 17, 2015 6:59am Nov 17, 2015 6:59am
- Joined Feb 2012 | Status: Trader | 6,160 Posts
- #1,724
- Nov 18, 2015 3:17am Nov 18, 2015 3:17am
- Joined Feb 2012 | Status: Trader | 6,160 Posts
At 10:30 am EST the EIA will release Crude Oil Inventories. Check expected number a couple of minutes before the data comes out .
Read this article to get some statistics:
***********************************************************
Analysts Forecast 2 Million-Barrel Increase in Crude Stocks
Published: Nov 17, 2015
By Nicole Friedman
NEW YORK--U.S. crude-oil stocks are expected to increase in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal.
Estimates from 10 analysts surveyed showed that U.S. oil inventories are projected to have increased by 2 million barrels, on average, in the week ended Nov. 13.
Nine analysts expect stockpiles to increase, while one expects a decline. Forecasts range from a rise of 3.5 million barrels to a drop of 1 million barrels.
The closely watched survey from the Energy Information Administration is due at 10:30 a.m. EST Wednesday.
Gasoline stockpiles are expected to fall by 900,000 barrels, according to analysts. Six analysts expect a decline, with two expecting a rise and two seeing no change in the week. Estimates range from a rise of 500,000 barrels to a drop of 2.5 million barrels.
Stocks of distillates, which include heating oil and diesel, are expected to fall by 200,000 barrels. Four analysts expect a drop, while another four sees a rise and two expect no change. Forecasts range from a drop of 2 million barrels to a gain of 1 million barrels.
Refinery use is seen rising 0.8 percentage point to 90.3% of capacity, based on EIA data. Eight analysts expect a gain, while two didn't provide an estimate. Forecasts range from a rise of 0.4 point to an increase of 1.2 point.
The American Petroleum Institute, an industry group, said late Tuesday that its own data for that week showed a 482,000-barrel draw in crude supplies, a 236,000-barrel rise in gasoline stocks and a 1.5 million-barrel decline in distillate inventories, according to market participants.
Crude Gasoline Distillates Refinery Use
Citi Futures Perspective 1.5 unch unch 1
Confluence Investment Mgm -1 0.5 -1.5 1
Energy Management Inst 1.9 0.5 0.5 1.2
Excel Futures 3.2 -1.9 0.8 0.7
Frost & Sullivan 1.5 -2.5 -2 0.5
IAF Advisors 2 unch unch N/A
Ritterbusch and Associates 3 -0.3 -1.2 1
Schneider Electric 2 -1.5 -0.5 0.4
Tradition Energy 2 -2 1 0.5
Tyche Capital Advisors 3.5 -1.5 1 N/A
AVERAGE 2.0 -0.9 -0.2 0.8
(Figures in millions of barrels except for refining capacity, which is reported in percentage points. For analysts providing forecasts in a range, the average of the upper and lower ends of the range is used.)
***********************************************************
At 2:00 pm EDT the FOMC will release Meeting Minutes. This is not tradeable with autoclick but it will produce some volatility if you want to scalp a few pips.
Good luck everybody!
Read this article to get some statistics:
***********************************************************
Analysts Forecast 2 Million-Barrel Increase in Crude Stocks
Published: Nov 17, 2015
By Nicole Friedman
NEW YORK--U.S. crude-oil stocks are expected to increase in data due Wednesday from the Department of Energy, according to a survey of analysts by The Wall Street Journal.
Estimates from 10 analysts surveyed showed that U.S. oil inventories are projected to have increased by 2 million barrels, on average, in the week ended Nov. 13.
Nine analysts expect stockpiles to increase, while one expects a decline. Forecasts range from a rise of 3.5 million barrels to a drop of 1 million barrels.
The closely watched survey from the Energy Information Administration is due at 10:30 a.m. EST Wednesday.
Gasoline stockpiles are expected to fall by 900,000 barrels, according to analysts. Six analysts expect a decline, with two expecting a rise and two seeing no change in the week. Estimates range from a rise of 500,000 barrels to a drop of 2.5 million barrels.
Stocks of distillates, which include heating oil and diesel, are expected to fall by 200,000 barrels. Four analysts expect a drop, while another four sees a rise and two expect no change. Forecasts range from a drop of 2 million barrels to a gain of 1 million barrels.
Refinery use is seen rising 0.8 percentage point to 90.3% of capacity, based on EIA data. Eight analysts expect a gain, while two didn't provide an estimate. Forecasts range from a rise of 0.4 point to an increase of 1.2 point.
The American Petroleum Institute, an industry group, said late Tuesday that its own data for that week showed a 482,000-barrel draw in crude supplies, a 236,000-barrel rise in gasoline stocks and a 1.5 million-barrel decline in distillate inventories, according to market participants.
Crude Gasoline Distillates Refinery Use
Citi Futures Perspective 1.5 unch unch 1
Confluence Investment Mgm -1 0.5 -1.5 1
Energy Management Inst 1.9 0.5 0.5 1.2
Excel Futures 3.2 -1.9 0.8 0.7
Frost & Sullivan 1.5 -2.5 -2 0.5
IAF Advisors 2 unch unch N/A
Ritterbusch and Associates 3 -0.3 -1.2 1
Schneider Electric 2 -1.5 -0.5 0.4
Tradition Energy 2 -2 1 0.5
Tyche Capital Advisors 3.5 -1.5 1 N/A
AVERAGE 2.0 -0.9 -0.2 0.8
(Figures in millions of barrels except for refining capacity, which is reported in percentage points. For analysts providing forecasts in a range, the average of the upper and lower ends of the range is used.)
***********************************************************
At 2:00 pm EDT the FOMC will release Meeting Minutes. This is not tradeable with autoclick but it will produce some volatility if you want to scalp a few pips.
Good luck everybody!
Only the price on the chart can show the entrance to the deal...
- #1,726
- Nov 18, 2015 1:54pm Nov 18, 2015 1:54pm
- Joined Feb 2012 | Status: Trader | 6,160 Posts
Only the price on the chart can show the entrance to the deal...
- #1,728
- Nov 18, 2015 3:23pm Nov 18, 2015 3:23pm
- Joined Feb 2012 | Status: Trader | 6,160 Posts
Hello I am new to Forex. I had a few very good trades with news but lately some very bad ones. The bad ones- just go like 15 pips and then retrace and hit my stop loss or something like that. What am I doing wrong? Any advice? Thank you
2. On any news?
3. When?
Only the price on the chart can show the entrance to the deal...
- #1,730
- Nov 18, 2015 5:51pm Nov 18, 2015 5:51pm
- Joined Feb 2012 | Status: Trader | 6,160 Posts
better screenshot {image}
Very rarely passes without FOMC spike
is necessary to know and to be ready for it.Also stops necessary to put an expert who does not give profit to a loss (the expert is in the archive themes).
Only the price on the chart can show the entrance to the deal...
- #1,732
- Nov 18, 2015 6:50pm Nov 18, 2015 6:50pm
- Joined Feb 2012 | Status: Trader | 6,160 Posts
thank you I don't understand the last sentence: " Also stops necessary to put an expert who does not give profit to a loss (the expert is in the archive themes).
Only the price on the chart can show the entrance to the deal...
- #1,734
- Nov 18, 2015 7:14pm Nov 18, 2015 7:14pm
- Joined Feb 2012 | Status: Trader | 6,160 Posts
I can't find it. Can you please share a link? Thank you
defaults
Only the price on the chart can show the entrance to the deal...
- #1,736
- Nov 18, 2015 8:28pm Nov 18, 2015 8:28pm
- Joined Feb 2012 | Status: Trader | 6,160 Posts
I will try it. Thank you very much!!!
Only the price on the chart can show the entrance to the deal...
- #1,737
- Nov 19, 2015 3:36am Nov 19, 2015 3:36am
- Joined Feb 2012 | Status: Trader | 6,160 Posts
Only the price on the chart can show the entrance to the deal...
OMG is that 8500$ ??? wow. I wish.
I used the trailing stop but still lost. I think the method I've been using isn't the best:
open 2 future positions- 1 long,1 shot. each 10 pips different from current price and with 10 pips stop loss [now it is 10 pips trailing stop].
I still loss money with this and my account balance is getting thin
Please help! Can you give me the best tactic for news trading???????
I used the trailing stop but still lost. I think the method I've been using isn't the best:
open 2 future positions- 1 long,1 shot. each 10 pips different from current price and with 10 pips stop loss [now it is 10 pips trailing stop].
I still loss money with this and my account balance is getting thin
Please help! Can you give me the best tactic for news trading???????
- #1,739
- Nov 19, 2015 6:27am Nov 19, 2015 6:27am
- Joined Feb 2012 | Status: Trader | 6,160 Posts
OMG is that 8500$ ??? wow. I wish. I used the trailing stop but still lost. I think the method I've been using isn't the best: open 2 future positions- 1 long,1 shot. each 10 pips different from current price and with 10 pips stop loss [now it is 10 pips trailing stop]. I still loss money with this and my account balance is getting thin
To do this, you need to find an indicator that will indicate exactly where you will move the price.
Only the price on the chart can show the entrance to the deal...
- #1,740
- Nov 19, 2015 6:38am Nov 19, 2015 6:38am
- Joined Feb 2012 | Status: Trader | 6,160 Posts
scalping
Inserted Video
Only the price on the chart can show the entrance to the deal...