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- seth10 replied Feb 26, 2021
Looks like some guys still slogging it out in oil. Still a bull market.
- seth10 replied Sep 9, 2020
I understand your point . The two natural gas etns were credit swiss owned and not backed by the underlying, hence not etfs. They were a liability to credit swiss and were pulled . Did the same thing in 2016. I stay clear from them and leveraged ...
- seth10 replied Sep 9, 2020
Refer to Post 8297. We did have that rally in spot while wti was flat .Anyway, another crash to previous wti lows will not happen. If it does, you're going to be rich in the aftermath. To those of you who want to take advantage of wti longer ...
- seth10 replied Jun 6, 2020
With a long term picture in mind, the answer is simple. Do you really think oil will go to below 10 a barrel again and if so for how long? Keep your positions, odds are in favour of a continued rally.. If you get a steep drop on 4hr, daily, you will ...
- seth10 replied Jun 3, 2020
It happens. You will find that a lot of markets that have set opening and closing periods will usually have moves early in the session or late in the session as day traders try to exit before market close due to overnight fees. Anyway, daytrading is ...
- seth10 replied Jun 3, 2020
Ok understand. You trade very short time frame. 37.45 then would have been a good place to sell today, just below accumulated stops placed between tokyo and london open. Having said that an expected run to 34.50 with tight stops was quite a stretch.
- seth10 replied Jun 3, 2020
Sell stops have to be triggered at the 36 level before cascading to the 34 level. Knowing that, where would you short if you wanted to for a quick play? (BTW its still a bull market.)
- seth10 replied Jun 2, 2020
To end result, Big market participants are buying oil in the spot and futures market
- seth10 replied Jun 2, 2020
US refineries etc have been buying up oil on spot market (physical delivery), so too China and Japan. After all cargo oil is extremely cheap. If you were a buyer, no need to buy large futures contracts in the current environment where spot is cheap ...
- seth10 replied Jun 1, 2020
I understand where you are coming from, but put your self in position of a large producer. Not only a producer of oil, but a government that depends on it for the country to function. What would you do? You need the price of oil to be above 50, it ...
- seth10 replied Jun 1, 2020
Traders got smoked holding futures contracts and needed to get out of positions before delivery date. They needed to offset their long positions.With so much selling it sent prices negative, resulting in more loses, margin calls etc. At time of ...
- seth10 replied May 26, 2020
Reduced more oil longs in brent still hold the rest. Volatility in WTI spot is quite low still , real demand for spot. Just bought some more. We might actually get a market without significant reactions at least till the 33-35 in spot. The basis ...
- seth10 replied May 22, 2020
You'll feel worse if you had the biggest position on and then price retrace significantly. If it goes straight up you'll still make small profits. You can always add larger positions on subsequent deep retracements including profit made on small ...
- seth10 replied May 22, 2020
Still have longs in brent holding. Just put a couple long position on WTI spot. Doesn't anyone realised the difference between XTI/usd and WTI spot prices? Look at the charts. XTI/usd and WTI spot trades in tandem. Now XTI trades at 32.69 while its ...
- seth10 replied May 21, 2020
100% correct. Seems lots of traders take short term approach to this oil market. TO each his own, but I believe it would be wise to Buy any dips( daily chart) once price is below $50/ barrel. You can bet big. No need to leverage. Rinse and repeat. ...
- seth10 replied May 20, 2020
No one here trades crude spot?
- seth10 replied Oct 18, 2019
Rafei, Does this indicator repaint? If not I believe that I can find a genuine profitable use for it while keeping it simple.
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