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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,828 / 1,754
Last Reply:December 4th, 2016 (01:02 AM) Attachments:450

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The CL Crude-analysis Thread

Old March 4th, 2015, 03:41 PM   #581 (permalink)
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mfbreakout View Post
We have plenty of those here at futures.io (formerly BMT) also.

Huh, it's unavoidable b/c this is a big industry targeting retail traders...

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Old March 4th, 2015, 03:45 PM   #582 (permalink)
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Cheers my question is even more stupid now its answered !

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Old March 4th, 2015, 04:14 PM   #583 (permalink)
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mfbreakout View Post
Thanks for your charts. However, i am not sure what are these about. Every trader has these charts and can look at them on his screen.

Are you long , short, sitting on hands? Did you had any trades today or you waiting for a set up etc.

For me , the chart gives context. In this case, knowing that lower zone of support turned out to be useful information this morning when the inventory report was released. Maybe it helped someone here this morning, in any event, here is the resulting chart at the end of the day....


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Old March 4th, 2015, 08:23 PM   #584 (permalink)
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I haven't figured where exactly I want to go long yet but, based on this chart a revisiting of the top is in order...
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Last edited by kbit; March 4th, 2015 at 08:25 PM. Reason: grammer
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Old March 4th, 2015, 08:37 PM   #585 (permalink)
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I haven't figured where exactly I want to go long yet but, based on this chart a revisiting of the top is in order...
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Looking to go long within todays OR. that's one scenario. Next scenario will be to short on one more flush up above 52. I was hoping for one into the close but no go. Thee most profitable and exciting short for me is when we get couple of flush ups of 200+ ticks.



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Old March 4th, 2015, 08:54 PM   #586 (permalink)
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Been very hard to trade this beast over the past week. Gave back many weeks worth of profit.
Times like this, you gotta RESET, adapt to changing conditions, then apply in context.
However you still have the voice in the back screaming out to get all that money back!

James

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Old March 4th, 2015, 09:08 PM   #587 (permalink)
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Do you guys see any fundamental reasons as to why the price is rising despite the supply glut? Two of which i believe are the comments from the Saudi minister and the news on Iran.

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Old March 4th, 2015, 09:09 PM   #588 (permalink)
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For the past week we have been trading in this technical range.


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Here, yesterday was adding to shorts up to the 51.00 area. These were added during Asian and Euro sessions.
Was targeting Gap and areas below before Oil report. Covered. Waited for report which came out above as expected.
Did a quick scalp short down.

James

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Old March 4th, 2015, 09:14 PM   #589 (permalink)
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purveyor View Post
Do you guys see any fundamental reasons as to why the price is rising despite the supply glut? Two of which i believe are the comments from the Saudi minister and the news on Iran.

Yes I ask myself this everyday. I put it down to this beast being like a rubber-band.
It has been stretched so much over the past 2-4 months. The rubber-band cannot stay stretched forever.
It has to comeback a little. The question as a trader is by how much?

After yesterdays HUGE increase in supply (highest in 15 years) this beast STILL WANTS TO GO UP!
Its trying to say something!

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Old March 4th, 2015, 09:42 PM   #590 (permalink)
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Past week


The failure of the conventional price pattern (posted previously) warned that it might be wise to be on the sidelines...if one eliminated the previous 3-4 days of your daily chart you might even see that last night price picked up from where the pattern failed...I would suggest the market already knows about the supply issue...other things are driving price...right now it seems fair price from a sellers point of view is higher...they don't seem to want to sell below 50.00...so buyers are having to bid up price...the question is will buyers see prices at 52.50 and above as unfair? Small trade last night out of opening range at 50.70 for a 32 tick gain back into support...then went to bed...tonight would like to see 51.30 hold for a possible long entry...but if it fails then short to 50.80 and lower...

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