Hi All,
Is Anybody trading OIL-WTI? I have done a comprehensive search and could not find any thread committed to WTI trade. Any good egy or EA to this is quite welcome. I am a learner trader only and not an expert to Offer any way...
Velli
Hi All,
Is Anybody trading OIL-WTI? I have done a comprehensive search and could not find any thread committed to WTI trade. Any good egy or EA to this is quite welcome. I am a learner trader only and not an expert to Offer any way...
Velli
Oil at the apartment, it appears to go higher before the end of November. I expected on Monday bar, but no way. Last chance today but bullish trend appears too strong.
Agree with all the above mentioned and transaction WTI intraday most days myself.Originally Posted by ;
No indiors simply price action plus S/R on daily time frame.
If you would like 200 pips you can buy em....and then some.
Great market with predictable volatility.
Any newcomer to this market or Brent must observe first to get a feel for the possible range and massive moves which may set in in both directions.
Some understanding of its peg to the dollar index is helpful/useful.
If you want a single market to make you a fantastic full time income subsequently choose oil. It gushes pips.
Yes, I got a few Bull Call Debit Spread risking $1 for a $2 reward, a little more than 24 hours ago, quite near the swing underside.
My risk is really minimal because the Call debit spread is funded by selling options further away. Basically, if it falls, I won't lose anything, but if it rises, I stand to win, unless it zooms up extremely high above $55, once I will leave the call debit spread to win entirely ITM and cut my loss at the Sell 55C. Let us see how it goes.
Any WTI traders? I ask as I want to begin to exchange this tool this coming week.
Hello IngmarforexOriginally Posted by ;
thanks to the specifics. Yes you're right the market is currently having huge swings and daily average is very significant.
I have been trading Currency Market for quite some time and would like to explore the possibilities about the oil market.
Being an experienced trader, can you please forward me any good indior or EA that You're utilizing...
Regrads
Velli
I don actually use indiors when trading crude oil.
However, if I would recomend 1 it would be boilingers I use that at the begining with primitive trading squueze patterns low volatility then when it raises you take the breakout
What I do is initially I ascertain the direction most significant in trading.
Trending I wanna buy pullbacks or brief rallies.
Range trading primitive goes several times in ranging periods amd this are the periods I like to exchange crude the maximum intraday especially today I move to lower timeframes and commerce the range buy the lows sell the highs those swings may provide you huge points everyday the last weeks at which the best for me I made everyday over 200 points and that just on crude.
However, you most get a feeling for your market.
Additionally I do some other stuff but I dont wanna discuss that in the future I will set up a commercial section where I would cover this and individuals who are intrested can get into my trading room etc..
Crude just work like most markets on just support and ressistance.
Next I check news what's to do with primitive midle east tensions hurricanes and dissasters near oil fields.
What I wouold advice you is to see price behaviour of this market for a while and don't use indiors whatch also times when the pits move open new york session is most of the time greatest daytrading this substance.
My tradign resembles this london session I exchange some fxpairs then new york I exchange crude oil.
The combination is excellent but research this market and dont go use indiors thats my advice I can give ya 1 secret watch the 100s and the 50s.
More if you wan nana know I will in the future open commercial section since I don't wanna share my edge to the general public.
Regards Ingmar.
Due Ingmar for your advice and recommendation.Originally Posted by ;
I am not clear on the watch 100s and the 50s what does this imply. Can it be something related to closing at 100's or even 50's?
Regards
Velli
Roundnrs 100 and 50s are good levels to watch so such as 100.50 101 etc.. But the best is to search for important SR also try not to use little stops that has been my very first mistake with crude because it's a huge volatility sometimes you nail your entrances to the pip. But I found out that my ceases where sometimes to smal and I have stopped out and shortly after it it whent my direction.Originally Posted by ;
And yes like makingpips sayed it is a fantastic market BUT!! You observe it for sometime differently it will eat you alife.
keep track of the volatilty on a spreadsheet and use it to your stop determination because recently it was really volatile swings of 5 per 600 pips down and up so with a tuny stop you will not come much depends offcourse if you know the market. Also when it begins to move quickly go with the flow don't be fearful because it is going to move easilly another 100 points.
But watch and demotrade for atleast 6 months this market and try to find the behaviour for example what it does when the stocks pits or open. What does assia what does london. Most active session is the majority of the time new york for primitive also be aware of hurricanes, war reports and the famous inv report for this particular market they all can provide you a cleu how the pits are gonna respond to it so that you may possition yourself in advance. You'll discover patterns in the market today by the manner in every market every market has his very own behaviour and what makingpipds sayed about the index or futures concur. Especially recently this market could be traded on PA but would advice to understand whats going on in the world linked to oil that will provide you a edge. Together with some pa techniques and some pattern reqonitzion you can exchange this market profittable and even if doing right make a killing with it.
Makiingpips are whe twins???
Regards Ingmar
Excellent movement now yet again and plenty on offer at both directions. I got to it a bit late now so missed a number of the early PA and that which was offered but still got enough to make me satisfied to the day.See which you have found the need for a wider stop. I've adapted to 27 pips SL on all trades. Gives a bit of room for movement contrary to the entrance if entry taken a bit off the mark if price offered a little wide below/above a round number or midway degree.Originally Posted by ;
I do avoid being in commerce coming and just after any red relevant information and of course stocks. Take a few minutes to see a good trading news site before getting started just to pick up any overall oil news also.
As this market can fly it shouldn't be underestimated. I used to come out far too early once I put out with WTI. After a number of years at it I expect significant movement most days. And just go with the flow using PA and the range that has been indied.
We're certainly in tune with our ideas on WTI market Ingmar.
WTI frightens folks who take a look in it. I encourage folks to get knowledgeable about it and it will take care of all of the pips you could ever desire. A day traders dream with volatility.