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WTI Crude Oil Trading

yeah and if you see the hourly candles, it's going up with steady and small candles

I imagine this is the result of simultaneous profit taking / stop loss getting hit
and at the end of this will be a giant rekt candle (either bull/bear candle)

stay safe!
Quoting grandia
yeah and if you see the hourly candles, it's going up with steady and small candles I imagine this is the result of simultaneous profit taking / stop loss getting hit and at the end of this will be a giant rekt candle (either bull/bear candle) stay safe!
Granted, but then open interest/volume has been slowly increasing when averaged out over the past few sessions, possibly a positive sign in this solidly trending bull market.
If it works for you, run with it. Beware the ides of March : )
Quoting yani38
{quote} Granted, but then open interest/volume has been slowly increasing when averaged out over the past few sessions, possibly a positive sign in this solidly trending bull market.

absolutely, I believe oil is in a FULL RETARD BULL MODE, but I would wait for a meaningful pullback before entering again
'RETARD BULL MODE', never heard that one before, go down to NYMEX and let them know.

Anyway, hope you entered at a good price, I don't know when, and if I may be so presumptuous to say, I'd think it was before last night, or the last cple of days.

He who hesitates is lost, apparently, tho you could be right. : )
If it works for you, run with it. Beware the ides of March : )
looks like the pullback is happening faster than I expected
hit a supply zone at $68. may get sideways action this week
#BRENT / H4
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Quoting grandia
yeah and if you see the hourly candles, it's going up with steady and small candles I imagine this is the result of simultaneous profit taking / stop loss getting hit and at the end of this will be a giant rekt candle (either bull/bear candle) stay safe!
It looks like that you are right.
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looks like theres support at $65. staying out til there is a proper bounce.
I'm not currently in crude but it's hard to bet against this at least testing $70. Here's the daily (CME CL):
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We must learn who is gold, and who is gold plated
Live All Time Return: -28.4%
WTI went up $2.24 Friday with 2 losing trades, 4 break even trades and 12 average winning trades. Today WTI went down $1.59 but there were only winning trades, 10 of them, and some were quite good especially the third trade that produced 17 winning bricks.
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Quoting Kwame Freder
looks like theres support at $65. staying out til there is a proper bounce.
Which particular bounce are you waiting for?

Anyway, all good, 65.50, no panic just yet ; )
If it works for you, run with it. Beware the ides of March : )
Quoting grandia
looks like the pullback is happening faster than I expected
Yes, huge. : ) 'One day and a market', an interesting read.
If it works for you, run with it. Beware the ides of March : )
may 62.40 is the best of next weeks?
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WTI went down 87¢ today with an average ATR that produced 6 winning trades and 1 losing trade. Please note the erratic conditions at the end of the trading session.
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Quoting Hutch
WTI went down 87¢ today with an average ATR that produced 6 winning trades and 1 losing trade. Please note the erratic conditions at the end of the trading session. {image}
Well done Hutch : )
If it works for you, run with it. Beware the ides of March : )
looks like the bearish run may be over. will be interesting to see where the week ends.
To all my fellow energy traders out there. T minus 55. After last week's record build/draws, we could see some fireworks. I posted a brief preview: https://www.energyexch.com/thread/po...5#post13445815

Good luck out there!
We must learn who is gold, and who is gold plated
Live All Time Return: -28.4%
Quoting EventsTrader
To all my fellow energy traders out there. T minus 55. After last week's record build/draws, we could see some fireworks. I posted a brief preview: https://www.energyexch.com/thread/po...5#post13445815 Good luck out there!

or a complete dud. today is shaping up to be one of those frustrating days where it moves up and down in an erratic fashion but doesn't really go any where.
Quoting Kwame Freder
{quote} or a complete dud. today is shaping up to be one of those frustrating days where it moves up and down in an erratic fashion but doesn't really go any where.
After that initial knee-jerk reaction it looks like traders started to sell crude on back to back weeks showing huge builds. Attachment 3885756
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We must learn who is gold, and who is gold plated
Live All Time Return: -28.4%
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