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timingchain replied Jun 25, 2019Bond yields continue declining this morning. Shows general economic weakness. A demand issue. Low yields protect oil fracking operators, which are often highly leveraged with debt. High yields could result in closures of some/many fracking ...
WTI Crude Oil Trading
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timingchain replied Jun 24, 2019WTI looking weak with a lot of room to downside.
WTI Crude Oil Trading
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timingchain replied Jun 23, 2019D, all of the buttons work--go with any currency that is showing strength or weakness. That takes some practice to become good at it. This is a tool for the human trader, not a robot--there is no automation, only fixed responses to user selections ...
WTI Crude Oil Trading
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timingchain replied Jun 20, 2019Another bet against USD. Not such a good close--some pips slipped away.
WTI Crude Oil Trading
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timingchain replied Jun 20, 2019A powerful day. Changed contract due to June expiration. PS. Bond yields continue to decline. Someday equities will notice this.
WTI Crude Oil Trading
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timingchain replied Jun 20, 2019I spent the rest of the afternoon laughing over the result. Actually, I don't use any other EA. I believe trading is really about the trader, while EAs are a crutch for most users. EAs mostly use indicators that are often more than a century old ...
WTI Crude Oil Trading
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timingchain replied Jun 19, 2019Right. One click opens 7 positions. The TP or SL will close all positions--it only looks at the basket gain/loss. User can manually close with a single click on 'Close All'. Entry, exit, or reversal can be done in a matter of a few seconds.
WTI Crude Oil Trading
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timingchain replied Jun 19, 2019Dear Fellow Oilers and Other Nice People, Here's another way to have fun in FX: Late last year, I noticed a broad USD movement going on, so I opened 7 USD pairs and made good gains on all of them. That led to my deciding to automate the process with ...
WTI Crude Oil Trading
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timingchain replied Jun 18, 2019An interesting physics experiment: levitation by hot air. Now we know what a Draghi-Trump surge looks like. We should expect more of these during the coming months as words are used to hide reality. Bond rates continue low, commensurate with ...
WTI Crude Oil Trading
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timingchain replied Jun 17, 2019Sideways & more sideways. Looking more down than up.
WTI Crude Oil Trading
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timingchain replied Jun 17, 2019WTI H4 The median line has crossed below EMA20 and trend line, signaling further drop. However, the most motion has been sideways with false breakouts over the past few days. The next H4 bar could be a clue to the rest of the day.
WTI Crude Oil Trading
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timingchain replied Jun 16, 2019WTI ended the week sideways and relatively quiet. With EMA20 crossed, an advance to ~53.6 (UB1) could be easy. EMA20 at ~52.4 may be acting as both support&resistance. If prices turn down, there is possible support around 51.6, otherwise a decline ...
WTI Crude Oil Trading
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timingchain replied Jun 13, 2019It looks like worsening economic conditions outweigh geopolitical risks threatening supply, for now anyway. Buying pressures on US treasuries are driving yields lower, a symptom of a weak economy. This could change in a flash (literally)--there are ...
WTI Crude Oil Trading
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timingchain replied Jun 13, 2019WTI H4 median line has recrossed back above EMA20 and through a downtrend line. A bullish condition, but for how long? EDIT This looks like a false breakout. HoD is 53.45.
WTI Crude Oil Trading
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timingchain replied Jun 12, 2019The decline from the breach of EMA20 and trend line continued today, after some hesitation.
WTI Crude Oil Trading