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Attachments: WTI Crude Oil Trading
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WTI Crude Oil Trading

as much as i would love to jump on the bear band wagon because i think a correction is due after a 2 month rally. there seems to be bulls buying to stop every bearish run. at this point its 50:50
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Quoting Kwame Freder
as much as i would love to jump on the bear band wagon because i think a correction is due after a 2 month rally. there seems to be bulls buying to stop every bearish run. at this point its 50:50 {image}
I learned a long time ago not to jump on band wagons for two reasons. First I didn't like to wait for the market to go my way. Second, even when the market went my way there wasn't any way to know how long that market would last. This is why I prefer swinging both ways using Renko for CFDs However, trading currency pairs on D1 charts is way less risky than trading CFDs because they move in a more orderly fashion.
Money managers long side are going all in

Don't be in front of them when they start closing them....

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COT : the precious data ignored & FX investing: mid/long term ideas
Quoting kuroro001
Money managers long side are going all in Don't be in front of them when they start closing them.... {image}
Not to mention.....producers are hedging shorts the most since August 2017

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COT : the precious data ignored & FX investing: mid/long term ideas
Quoting kuroro001
Money managers long side are going all in Don't be in front of them when they start closing them.... {image}
arent those the actual 'dumb money' ?
Quoting mades
{quote} arent those the actual 'dumb money' ?
They are trend followers, wrong on top. But they can be right from time to time
Like retailers..
COT : the precious data ignored & FX investing: mid/long term ideas
Whats this push upwards?
Looks like the lower end of the range has been established. Let’s see if/ where the top of the range will be. Doubt it will break and make a new high anytime soon.
It's funny how painfully and reluctantly it drops with every bigger candle being retraced yet the rise is without a single smallest move down. Also the volume is still super low since it started last week.
Quoting shiftyxxpc
Whats this push upwards?
There are no news that would make the WTI move upward but it's really bullish so far today.
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Anticipating a lot of fake break outs, fake moves to trap traders and overall markete noise. As long as it isn’t trending it will probably be a mess
Quoting Kwame Freder
Anticipating a lot of fake break outs, fake moves to trap traders and overall markete noise. As long as it isn’t trending it will probably be a mess
shit started
they're currently squeezing anyone who went short this morning. i will continue to stay out and observe. i'm expecting a rejection and sharp pullback
Quoting Kwame Freder
they're currently squeezing anyone who went short this morning. i will continue to stay out and observe. i'm expecting a rejection and sharp pullback
Please don't expect a sharp pullback WTI has been bullish since 29 April
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Quoting Kwame Freder
they're currently squeezing anyone who went short this morning. i will continue to stay out and observe. i'm expecting a rejection and sharp pullback
Volume is still so low and both London and NY session are the same, lure traders into shorts at the start, have a moment of indecision and then spike up.
Quoting mades
{quote} Volume is still so low and both London and NY session are the same, lure traders into shorts at the start, have a moment of indecision and then spike up.
Volume might be below average but because of the higher than average trading range it has been a perfect trading day so far mostly long with a few retracements Trading WTI with 10 pips Renko is quite good with a high trading range. Friday was a lot more messy.
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The WTI market closed the day with a gain of $1.51 within a nice trading range of $2.33. The bull was running
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morning horseshit continues. This market completely refuses to drop even to daily pivot. Again another trap for short traders.
Quoting mades
morning horseshit continues. This market completely refuses to drop even to daily pivot. Again another trap for short traders.
Why is every morning like this? Ive noticed that as well...
I feel like I'm in a matrix right now. Better go off and do something else.
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