Technical outlook on Crude

What do you think?

  • Agree

    Votes: 23 53.5%

  • Disagree

    Votes: 14 32.6%

  • Don't know

    Votes: 6 14.0%
  • Total voters
    43
doesnt matters
i just got out....had an awesome day today
I will short again from 8800 if that rate ever comes back today
one q.....why are u looking at 1 hour charts if u r daytrading?

EDIT: I mite also think about buying at 8630-40
 
Quote from usman88:

doesnt matters
i just got out....had an awesome day today
I will short again from 8800 if that rate ever comes back today
one q.....why are u looking at 1 hour charts if u r daytrading?

EDIT: I mite also think about buying at 8630-40
More...

Because if you take your signals from longer term charts & happen to be at turning point off shorter term charts then potential reward is a lot larger than risk, also momentum is of an essense to me.
 
Quote from JSSPMK:

Because if you take your signals from longer term charts & happen to be at turning point off shorter term charts then potential reward is a lot larger than risk, also momentum is of an essense to me.
More...


makes sense but if you are so certain about price moving upwards then why a 30 cents stop?
 
Quote from usman88:

makes sense but if you are so certain about price moving upwards then why a 30 cents stop?
More...

It's not about being certain ImO, it's about seeing a proven set-up and going for it, I always enter off 1 min chart as a trigger, so stops can be smaller that way. Also I scale out of positions almost 100% of the time.

pulled a stop at -.30c

price action all fucked up at the moment ImO, need a clearer set-up to re-enter
 
I suggest a short from 8750 or if u want to be safe then 8790. Just an advice
rest is on you
as far as tommorow is concerned, market should post a high of around 8800 in GLOBEX or NYMEX after which is should fall to 8610-8630. I would post exact targets in about 12 hours
 
Went Long 87.20 off 5 min chart, banking on BO off hourly+, 20c+ stop on this one

Clearly I am in minority here at 6/1 ratio :)
 
Ill be trading the market today with an unbiased opinion and will be looking 10-20 cents trade. I also believe that market will rebound to 8800-8830 but Ill not bet on the bigger move

ur stop is quite tight IMO
 
You must log in or register to reply here.
Back
Top