I made the trade off of this M5 chart. FYI, index contract margins during regular market hours are 100 USD for micro, 500 USD for mini. Fees take a big bite from the micros, but risk is relatively low. PM

WTI Crude Oil Trading

I am trying a short on S&P from 2884.25 June contract. ED. closed +8.50

WTI Crude Oil Trading

Momentum might be waning -- see if 38.2 holds.

WTI Crude Oil Trading

WTI May contract on H4: Since crossing EMA20, LWMA50, and a downtrend line, all at ~61.6, WTI has soared ~200 pips, now above the first upper band (UB1). Shorting is often profitable above UB1, but the upward momentum does not suggest a good short ...

WTI Crude Oil Trading

Oil and equities put in a good run. They might be in shorting territory soon.

WTI Crude Oil Trading

May contract on H4 (see #1303): price is approaching first upper band (UB1) currently at 62.96 -- better shorting opportunity above that, depending on the upward momentum.

WTI Crude Oil Trading

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WTI Crude Oil Trading

Equity futures are weak at the moment. Influence on WTI??? I'm short S&P at 2832, sl 2833. Closed for 4.75 points. Looks like down move is continuing.

WTI Crude Oil Trading

Looks like you closed long at HoD! Excellent!

WTI Crude Oil Trading

Of interest to some because of equity and oil interactions: DJIA June contract.

WTI Crude Oil Trading

This is a time for nimble scalpers!

WTI Crude Oil Trading

I picked up a few points in S&P very early today with a short, but no more shorting.

WTI Crude Oil Trading

BTFD is still in play in equities, and carries over into oil--visible today.

WTI Crude Oil Trading

Violent last few hours.

WTI Crude Oil Trading

End-of-week update: WTI May contract The last 3 days of the week saw a range-bound mean line, but some intrepid Fellow Oilers made some gains.

WTI Crude Oil Trading

Looks really good. This can be a highly effective strategy if you can tolerate some adverse moves before the good moves. What is your measure of ob/os?

WTI Crude Oil Trading

Very narrow range today for WTI. US equity futures have just had their margins increased! MrT's turmoil.

WTI Crude Oil Trading

I think the LWMA does complement EMA20, which is my long-standing 'go to' MA. Over the past few weeks, some spikes crossed LWMA without follow through. I also see this on equities charts. So I use both MAs as dynamic S/R lines. BTW, WTI daily cash ...

WTI Crude Oil Trading

2 bars closed above EMA20 on the May H4, but not conclusive for an upside breakout. Also, not certain if the downtrend from Apr 25 has been really broken.

WTI Crude Oil Trading

Was that a net of ~34 pips avg? Not a bad recovery -- survived to trade another day!

WTI Crude Oil Trading