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danish07 May 16, 2019 1:35am | Post# 1281

Good Morning Guys..

As per my interpretation we have reached the are of resistence level of today's date, and i believe it will slowly go down to 61.27-61.02.
Any suggestions or contradictions to this stats are most welcome..

sponge May 16, 2019 2:15am | Post# 1282

{quote} Well I didn't expect another trip below 62.58 ...balls out the park again
I think 62.42 is key today, bearish below but possible test back to 62, if it holds the upside target 63.02/72

The 1 & 4 hour charts look a bit streached for now but the daily could still be in bull mode I think

The old res/support level 62.58 also back in play so looking for longs over this level for now

sponge May 16, 2019 4:36am | Post# 1283

Play from 4:20 for crude

https://cotbase.com/blog

valter May 16, 2019 5:50am | Post# 1284

good day
wti cfd long@62.47, tp @ADR(14), sl@62.33 will evaluate

valter May 16, 2019 5:58am | Post# 1285

good day wti cfd long@62.47, tp @ADR(14), sl@62.33 will evaluate
bailed@62.34

sponge May 16, 2019 6:46am | Post# 1286

{quote} Looks like Dow is on a big push north
Dow still pushing up I had a nice trade on it this morning.

Upside targets looking miles away at 26300 I could be wrong of course but worth watching

25788 possible resistance

valter May 16, 2019 6:50am | Post# 1287

wti cfd long@62.51, tp @ADR(14), sl@62.38 will evaluate

timingchain May 16, 2019 7:21am | Post# 1288

May contract on H4 (see #1303):

price is approaching first upper band (UB1) currently at 62.96 -- better shorting opportunity above that, depending on the upward momentum.

valter May 16, 2019 8:05am | Post# 1289

wti cfd long@62.51, tp @ADR(14), sl@62.38 will evaluate
out 1/4@62.75

valter May 16, 2019 8:29am | Post# 1290

{quote} out 1/4@62.75
out another 1/4@62.82

MP-Trader May 16, 2019 8:38am | Post# 1291

1 Attachment(s)
Morning all,
Heading into the RTH session looking to buy (obviously!), but danger is always there given how rotational the month has been we get a sharp retracement back into the 2 week range below 6210.
Having said that the way we build volume overnight and in the last hour suggests to me there will be plenty of long opportunities during RTH today. It's rampant at the moment so happy to sit on hands for a bit until we get some covering. We also broke nicely out of the two week balance and therefore OTF look like they are all over this in Europe (hence the steady grind up) and will continue to be in RTH (covering longer term shorts). Hence the two main hypos I have attached for myself, will build a core long position if we retrace around RTH opening hour and trade around it willing to buy from 70 depending on the tape when we are there and up to/as low as around 6240 (overnight POC).
If we accept below there I am wrong! It happens!
I have no short hypos today apart from shorting later in the afternoon if we exhaust after taking out the week's highs @6334 - logical target for longs.
Great work @valter buying early doors! Killing it!
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sponge May 16, 2019 8:40am | Post# 1292

{quote} I think 62.42 is key today, bearish below but possible test back to 62, if it holds the upside target 63.02/72 The 1 & 4 hour charts look a bit streached for now but the daily could still be in bull mode I think The old res/support level 62.58 also back in play so looking for longs over this level for now
First target reach at 63.02 maybe we'll get the second at 63.72 ...but still a bit streached on the smaller frames

valter May 16, 2019 9:03am | Post# 1293

Morning all, ...Killing it! {image}
thanks MP-Trader you are very kind
sometimes my action coincide with PA
good analysis by the way, I detect you didn't start to trading yesterday

valter May 16, 2019 10:22am | Post# 1294

{quote} out another 1/4@62.82
out another 1/4@63.00
last 1/4 still in
I was expencting a deeper retracement at NY cash open

sponge May 16, 2019 12:00pm | Post# 1295

A long holiday week end for me.

Have fun and leave some pips for me on Monday

MP-Trader May 16, 2019 12:45pm | Post# 1296

{quote} I detect you didn't start to trading yesterday
LOL that made me laugh. Yeah been around the block. Worked in prop for a few years now on my own. Get bored so thought I'd share few bits and bobs. No squiggly lines on my charts. Excellent trading by you mate.
I tried to build a position long but only caught my small pilot position @ the 70 area as per hypo - in fact I had to take the pilot quite a bit higher as the tape didn't really absorb or do anything when it retraced at cash open like you said. So I had my small piece on, enough for ice cream I guess. I found it hard to add because the tape has been pretty useless today what with the impending rollover so I just kept the smalls on to target.
Took a small short as per hypo 3 once we took out the week's highs. See if we can go back to ETH VWAP - the usual mean reversion stuff.
Always amazes me how so many people leave their stops at obvious places like the week's highs, there was a massive surge in buying (puking) when we ticked that level. Happens every time, you have to wonder why so many people do it, cause you just know we are going to take those levels out!

Anyway great trading mate see you tomorrow.

detector May 16, 2019 1:31pm | Post# 1297

Hi all, some great chess today, excellent to see, I got it totally wrong on all accounts yesterday, still think down, last hour spike, maybe this could be the turn I was seeing, anyhow, on the 1hr, does anyone see a head and shoulders formed? interesting that I do, well i'm out the market for now, looking in with interest, probably it will fall and I'll miss the well awaited opportunity, just my luck, good trading, D

valter May 16, 2019 2:43pm | Post# 1298

{quote} out another 1/4@63.00 last 1/4 still in I was expencting a deeper retracement at NY cash open
closed last 1/4@63.00

Ll1979 May 16, 2019 2:57pm | Post# 1299

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quick scalp on the DOW
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valter May 16, 2019 5:36pm | Post# 1300

{quote} LOL that made me laugh. Yeah been around the block. Worked ............ see you tomorrow.
Firts of all, I really thank you for your compliments.
Second, I detect also that you are a far better trader than me.
I started trading in 2008 and in 2011 I had the lucky chance to be in a chat with a former prop trader.
Facts of life stopped me couple of times but when life get a bit easier I can make few bucks.
Today I was lucky since the beginning


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