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Trading Crude Oil with price action + indicator

  • #881
  • Sep 10, 2016 12:19pm Sep 10, 2016 12:19pm
Quoting RiderKBP
{quote} Any thoughts where we go now?
I looked at this weekly view a while back and just pulled it up again...
I think this is, in fact, a bullish signal, I'm looking for upside but I don't have a signal, let's see.
Attached Image (click to enlarge)
Click to Enlarge Name: Brent Crude Oil 10.09.2016.png Size: 216 KB


Trade safe!
  • #882
  • Sep 10, 2016 1:41pm Sep 10, 2016 1:41pm
Bearish...
Trade fearless not careless...
  • #883
  • Sep 10, 2016 4:49pm Sep 10, 2016 4:49pm
Quoting JimmyC
{quote} I looked at this weekly view a while back and just pulled it up again... I think this is, in fact, a bullish signal, I'm looking for upside but I don't have a signal, let's see. {image} Trade safe!
Your chart actually looks like there is more room for downward movement.
  • #884
  • Sep 11, 2016 2:01am Sep 11, 2016 2:01am
Attached Image (click to enlarge)
Click to Enlarge Name: #CLV6Daily.png Size: 58 KB
  • #885
  • Sep 11, 2016 3:52am Sep 11, 2016 3:52am
Quoting kweiss10
{quote} Your chart actually looks like there is more room for downward movement.
Agreed
"Bulls make money, bears make money, pigs get slaughtered"
  • #886
  • Sep 13, 2016 11:30am Sep 13, 2016 11:30am
Any ideas for tomorrow's " crude oil inventories " announcement ?
  • #887
  • Sep 13, 2016 11:51am Sep 13, 2016 11:51am
Quoting Heinrichfore
Any ideas for tomorrow's " crude oil inventories " announcement ?
Not sure if Oil can take a beating anymore this week lol
TE started 6/4/19
  • #888
  • Sep 19, 2016 12:38pm Sep 19, 2016 12:38pm
Hi guys. probably stupid questions but..
pls advise:
1. where you check hottest oil news? bloomberg? reuters? any specialized news source?
2. is any oil related news/events calendar similar to FF currencies calendar?

Thanks!
  • #889
  • Sep 20, 2016 4:45am Sep 20, 2016 4:45am
Attached Image (click to enlarge)
Click to Enlarge Name: wt.png Size: 38 KB
Money moves the market, not an indicator.
  • #890
  • Sep 20, 2016 4:49am Sep 20, 2016 4:49am
Quoting RiderKBP
Hi guys. probably stupid questions but.. pls advise: 1. where you check hottest oil news? bloomberg? reuters? any specialized news source? 2. is any oil related news/events calendar similar to FF currencies calendar? Thanks!




http://www.newsnow.co.uk/h/?search=O...=&FilterRating=

is one of thousands
  • #891
  • Sep 21, 2016 3:10am Sep 21, 2016 3:10am
Hello. I am now long Brent crude. I entered on the break of yesterday;s high (orange line). The stops are just below yesterday's low (red line). The first targets are 3x the initial stop distance at the green line. Later targets are in the $ 59-60 per barrel area.
Attached Image (click to enlarge)
Click to Enlarge Name: 21Sep16 - Brent crude long.jpg Size: 363 KB
  • #892
  • Sep 21, 2016 3:51am Sep 21, 2016 3:51am
Quoting ItsAtrap
Hello. I am now long Brent crude. I entered on the break of yesterday;s high (orange line). The stops are just below yesterday's low (red line). The first targets are 3x the initial stop distance at the green line. Later targets are in the $ 59-60 per barrel area. {image}
Thanks for sharing. I agree. There is only one way for crude now and that is up. 59-60 is a reasonable medium term target.
"Bulls make money, bears make money, pigs get slaughtered"
  • #893
  • Sep 21, 2016 11:37am Sep 21, 2016 11:37am
Quoting nutts
{quote} http://www.newsnow.co.uk/h/?search=O...=&FilterRating= is one of thousands
thanks, man
but what about speed of news release? - bloom, reu - as i see they publish news with lag. I mean there is movement on the market - in couple of hours when all is over they supply news - some talking head said smth and created the wave.
  • #894
  • Sep 21, 2016 12:10pm Sep 21, 2016 12:10pm
Quoting RiderKBP
{quote} thanks, man but what about speed of news release? - bloom, reu - as i see they publish news with lag. I mean there is movement on the market - in couple of hours when all is over they supply news - some talking head said smth and created the wave.
most news will fit ( not create ) a trend anyway !!
  • #895
  • Sep 21, 2016 1:44pm Sep 21, 2016 1:44pm
Quoting nutts
{quote} most news will fit ( not create ) a trend anyway !!
i would agree if it is about d1 and higher time frames
  • #896
  • Sep 23, 2016 12:56am Sep 23, 2016 12:56am
Quoting ItsAtrap
Hello. I am now long Brent crude. I entered on the break of yesterday;s high (orange line). The stops are just below yesterday's low (red line). The first targets are 3x the initial stop distance at the green line. Later targets are in the $ 59-60 per barrel area. {image}
How long it is? 3 months?
i think it will be long before we can hit that price though.
  • #897
  • Sep 23, 2016 1:11am Sep 23, 2016 1:11am
So OPEC has stated that the meeting this weekend is informal and not a decision making meeting. Saudi and Iranian officials already met this week at OPEC HQ in Vienna though.

So if this is something informal and not a decision making meeting, then what will it's impact be on price? OPEC is most likely to confirm the date of next meeting but not a freeze or cut at an informal meeting, right?
  • #898
  • Sep 23, 2016 1:36am Sep 23, 2016 1:36am
Quoting kweiss10
So OPEC has stated that the meeting this weekend is informal and not a decision making meeting. Saudi and Iranian officials already met this week at OPEC HQ in Vienna though. So if this is something informal and not a decision making meeting, then what will it's impact be on price? OPEC is most likely to confirm the date of next meeting but not a freeze or cut at an informal meeting, right?
Do you really believe a decision will be made this time?
  • #899
  • Sep 23, 2016 1:43am Sep 23, 2016 1:43am
Quoting sylvin
{quote} Do you really believe a decision will be made this time?
Probally not but OPEC is not dumb and they may want to reinstall their credibility by actually providing a clue towards a decision.
  • #900
  • Sep 23, 2016 1:56am Sep 23, 2016 1:56am
Quoting kweiss10
{quote} Probally not but OPEC is not dumb and they may want to reinstall their credibility by actually providing a clue towards a decision.
Agreed. OPEC needed to wait for Iran to get fully back to the market. This has now happened and it is time to restore credibility. And as in every political/business group, the deals happen before the meeting not during the meeting. They go to the meeting to have fun. Everything will have been decided "informally"
"Bulls make money, bears make money, pigs get slaughtered"
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