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timingchain replied Apr 9, 2019It's the FOCUS! I find that to be the most difficult part of trading.
WTI Crude Oil Trading
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timingchain replied Apr 9, 2019See my post #447 and a few others going back into January. Green pips!
WTI Crude Oil Trading
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timingchain replied Apr 9, 2019closed for 15 pips. This was a scalping trade. I don't like the volatility at market opening coming up. good luck Marco
WTI Crude Oil Trading
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timingchain replied Apr 9, 2019The median is sideways for last 12 hours at ~64.5. Still heavily bought at upper band 2 (UB2) without price action indicating a direction from here. Ed. If price should break down from here, it could readily go ~100 pips.
WTI Crude Oil Trading
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timingchain replied Apr 8, 2019WTI is heavily bought, but not showing signs of weakness. Possibly building a local top ~64.4.
WTI Crude Oil Trading
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timingchain replied Apr 5, 2019End of week update. Equities are back to nose-bleed altitudes. The Feds said no rate hikes this year, maybe one next year. That turnaround is a good indication they are worried/fearful about the economy. A substantial economic downturn will bring ...
WTI Crude Oil Trading
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timingchain replied Apr 4, 2019I don't use a specific slope value. I try slopes that fit some trends well, then stick with them until they don't work well, then try again. They work well on the H4, but don't look good on other time frames. When the contract changes, I have to ...
WTI Crude Oil Trading
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timingchain replied Apr 4, 2019The downtrend line was breached, but the median line is moving sideways, leaving no clear direction. Volatile!
WTI Crude Oil Trading
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timingchain replied Apr 4, 2019A new downtrend line (red) added. While the median does not break above that line, the outlook is negative.
WTI Crude Oil Trading
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timingchain replied Apr 3, 2019A moderate retrace with some volatility today. Similar to US equities. For non-MQ traders: if you want to duplicate my Keltner Channel Gradient, you can use multiple KC indis instead of my indi. I use 20 bars for the EMA centerline and for the ATR. ...
WTI Crude Oil Trading
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timingchain replied Apr 2, 2019Saudi Arabia cut more than it had agreed with OPEC. Further declines in supply from Iran and Venezuela might magnify the effects of oil production cuts.
WTI Crude Oil Trading
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timingchain replied Mar 31, 2019Current price and median line have broken through the upper range boundary (60.24) in Sunday evening trading. (H4 chart of April contract.)
WTI Crude Oil Trading
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timingchain replied Mar 31, 2019There are 3 indicators on the charts that I have been posting: 1. Keltner Channel 6-band Gradient Indicator: The Keltner Channel Gradient indicator is one I put together, using 6 bands instead of 2. EMA20 is the centerline. Per the Keltner formula, ...
WTI Crude Oil Trading
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timingchain replied Mar 29, 2019End of week update: WTI April contract, H4 chart: The median crossed downtrend line (red) at ~58.28 on Thursday (arrow) It reached a high of 60.73 on Friday, ~40 pips beyond Ll1979's resistance line before falling back. There was a max potential ...
WTI Crude Oil Trading
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timingchain replied Mar 28, 2019WTI continues range bound since mid March. My high and low lines are based on median prices. Today saw a reversal through the current downtrend and the EMA20 lines, coming off of a low of 58.20 for the April contract. This double breach suggests a ...
WTI Crude Oil Trading
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timingchain replied Mar 27, 2019Lots of churning today. Prices went below the uptrend line (blue) and EMA20, so some significant downward movement is likely.
WTI Crude Oil Trading