Can you afford to take that chance?
WTI Crude Oil Trading 11,450 replies
making money intraday CL/WTI/OIL - no overnight holds 13 replies
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Disliked{quote} Oh well no recovery yet. WTI lost $2.46 or 8.6% from Friday's close. {image}Ignored
Disliked{quote} Yes but some light on the horizon maybe, for the/towards end of the week... Opec agreement, corona etc...Ignored
Disliked{quote} Yes but some light on the horizon maybe, for the/towards end of the week... Opec agreement, corona etc...Ignored
Disliked{quote} Yes but some light on the horizon maybe, for the/towards end of the week... Opec agreement, corona etc...Ignored
Disliked{quote} The light look further away with WTI losing more than $4.50 this week already. Down $2.08 or 8.6% today. {image}Ignored
I guess my broker doesn't like my trading style From my mailbox:
Important Notice: Restriction on leverage for CFDs on Energy Commodities
DislikedI guess my broker doesn't like my trading style From my mailbox: Important Notice: Restriction on leverage for CFDs on Energy Commodities {image}Ignored
DislikedI have seen many crazy trading days before but today takes the cake for trading WTI. The range for the day was from a low of $22.47 to a high of $28.20 a difference of $5.73 or over 25% from low to high resulting in the best WTI trading day this year I think traders went from an exuberance of a big production cut by OPEC to despair when the agreed production cut is too small to affect the low price of oil. WTI finished the day at $23.11 which is $2.95 or 11% below yesterday's close of $26.06 {image}Ignored
Disliked{quote} Yea and just when we thought this output cut would come through, we see that Mexico stalled the process. So it seems it's gonna be a long Easter (nights) . Nothing we can do right now, specially today (OIL trading CLOSED), I guess we'll just have to wait, at least if we are not to gamble...Ignored
Disliked{quote} This article states that the US and Mexico agreed to production cuts https://www.business-standard.com/ar...1100152_1.html We can believe what this agreement will bring only when we see that energy prices will go up {image}Ignored
Disliked{quote} Yeah, they seemed to agree somewhat but I need at least 2 days to see how this rolls out (just in order to avoid possible fake rises). Still holiday today in many parts...Ignored
Disliked{quote} Well no need to avoid a possible fake rise since announcing a cut of 20 million barrels a day did nothing except that WTI went down by $0.74 or 3% today. Switching to a H1 chart we can clearly see that WTI did not positively react to that so called "big news" according to President Trump {image}Ignored
Disliked{quote} Well yes, but still holiday in some parts of the world so will wait a bit...Ignored
Disliked{quote} Man, it seems the WTI wants to go UP but is reluctant to do so... Anyway... EU seems to think about restoring the activities, gradually... which means... production returning... China also... Not sure about US... But it would appear there are changes coming... Not sure about dipping into it until at least more is clear... Which I believe will be by the end of this week... This time "for sure".Ignored
Will watch it closely.. specially beginning of next week and will then open LIVE TE for display... just have to see how it goes and what trade sizes/leverage would fit best, also in tune with the most voted desired Return/DD...
DislikedWell I was kinda waiting for this (non)trend to stabilise, but have made some test trades, one yesterday and one today and I am bassically impressed, just have to see how it goes... But of course, will use lower leverage for the purpose of this thread's goal... will see how it goes... Hope the WTI situation resolves a bit at least.. or I hope I can still trade it in the smaller timeframes as below timestamped (As before and after!) examples WTI #1, yesterday, at 50:1 max, BEFORE/ENTRY...Ignored