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WTI Crude Oil Trading

Happy Autumnal Equinox to all. Despite the ongoing and coming problems, Earth still rotates and revolves, and will continue to do so long after all these problems are forgotten.

WTI Crude Oil Trading

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WTI Crude Oil Trading

This brought to mind what an uncle told me many years ago. He had been a navy intelligence officer inside China during the early part of WW2. Candidates for that job were required to have completed 2 years of college--no more, no less. Completing 2 ...

has anyone EVER seen a successful trader/trading system?

Consolidation is another word for nobody knows what to do.

WTI Crude Oil Trading

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WTI Crude Oil Trading

Late selling pushed the median below EMA20 for the close of session. The next bar on H4 might reverse, but I expect it will confirm the new Red Arrow.

WTI Crude Oil Trading

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WTI Crude Oil Trading

Not meaning to be critical over a seemingly small issue, but: If something should be done, then decide you WILL do it, then make it happen. Success depends on a determined mental attitude.

has anyone EVER seen a successful trader/trading system?

Subdued chaos. Does a new uptrend start from this, or does the downtrend resume in the next few days?

WTI Crude Oil Trading

What have you done in the way of neural net programming under any learning methodology? You appear to have a background good enough to make it work if it can be done. This is an abstract question since I do not use NN methodology, but as an engineer ...

has anyone EVER seen a successful trader/trading system?

This might prove to be the most useful guide to the next few days/weeks/months. Really good research!

WTI Crude Oil Trading

Indeed. Panic Day is out there somewhere. The response to the attack is likely to kick oil up to such levels that it could be followed by big short plays. For the opening: - oil up - gold up - equities down. Maybe.

WTI Crude Oil Trading

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WTI Crude Oil Trading

foxnews.com The world's largest oil processing facility and a nearby oil field in Saudi Arabia were set ablaze early Saturday morning after reported drone attacks by Iranian-backed Yemeni rebels. The Interior Ministry was quoted by state-run media ...

WTI Crude Oil Trading

The preceding post by Ll1979 covers the situation well. Red Arrow is boss.

WTI Crude Oil Trading

WTI H4 GCL.V19: very close to EMA20 at ~57.43. This is often a bounce or break situation at the EMA. ATM, it looks like the EMA will hold, but it could easily breach the EMA for a substantial drop.

WTI Crude Oil Trading

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WTI Crude Oil Trading

I don't see a bar formation that I associate with a reversal, but momentum has indeed decreased. I could have to get another Red Arrow out of my bag soon.

WTI Crude Oil Trading

Other famous and infamous traders on this thread, who sometimes get it right. I don't see signs of a trend change from the advance.

WTI Crude Oil Trading