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Crude Oil (WTI)

Discussion in 'Futures Trading' started by LSS Trading, May 4, 2016.

  1. OldFart

    OldFart Well-Known Member

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    I guess there's still some more room to fall. Chart above didn't go back far enough

    uso.png
     
    T0rm3nted likes this.
  2. IchiFutures

    IchiFutures Active Member

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    BUY BUY BUY
     
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  3. OldFart

    OldFart Well-Known Member

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    lol
    looks like we may hit LOD again
     
    JoyceNYC008 likes this.
  4. IchiFutures

    IchiFutures Active Member

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    I have my money on a bounce around this 65.50 -66.20 area.
     
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  5. IchiFutures

    IchiFutures Active Member

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    take profit 68.20 (200ma on 30min chart). Still think it's going higher on the larger picture, however, this was a quick bounce play. once the trend is back intact I'll trade a longer term long.
     
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  6. bigbear0083

    bigbear0083 Content Manager
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    gj ichi! [​IMG]
     
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  7. OldFart

    OldFart Well-Known Member

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  8. IchiFutures

    IchiFutures Active Member

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    @bigbear0083 @OldFart I trade trend 90% of the time but that looked like a blatant lack of supply compared to the initial fall at 71
     
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  9. IchiFutures

    IchiFutures Active Member

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    Time to start the vacuum again? Looking like it...
     
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  10. OldFart

    OldFart Well-Known Member

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    you're confusing everyone with these technical terms...:D
     
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  11. IchiFutures

    IchiFutures Active Member

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    OldFart likes this.
  12. OldFart

    OldFart Well-Known Member

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    @IchiFutures

    guess that vacuum cleaner was on high
    caught some of that drop....good enough for me

    Actually, I've been watching 6J lately. I may start trading that tonight. Has some good moves lately with all the global shit going on.

    RTY also has some good moves and both of these are cheaper margins than ES.
     
    #32 OldFart, May 31, 2018
    Last edited: May 31, 2018
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  13. IchiFutures

    IchiFutures Active Member

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    Nice, oldieI I used to trade 6j but ES is my bread and butter so I stick to that 80% of the time.
     
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  14. IchiFutures

    IchiFutures Active Member

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  15. IchiFutures

    IchiFutures Active Member

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    64.90 haha
     
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  16. OldFart

    OldFart Well-Known Member

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    caught a little bit of that drop... $150 worth...messed up and didn't have an exit plan, so I missed out on a LOT of profit on the short...

    had an errand to run, so totally missed the bounce opp
     
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  17. IchiFutures

    IchiFutures Active Member

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    .68 MRE so far. .57 MFE 1.19 r/r. still rolling
     
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  18. IchiFutures

    IchiFutures Active Member

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    Dang up 1.06 overnight. Taking -.10 on this one and waiting for something better.
     
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  19. OldFart

    OldFart Well-Known Member

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    I was hoping you had a stop in place.
     
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  20. OldFart

    OldFart Well-Known Member

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    @IchiFutures

    I usually try to stay away from /Cl on Wednesdays...EIA report makes it go nuts sometimes like it did today
     
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