Grinding
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I'm still patiently waiting.
You've said it best before, the fine is just commission for them. crooked shits.
They wont. But it would go down.
Idk man. Wouldn't be surprised to see this touch 48.40 first.
I'm looking for a pullback as well.
The old 52 week low set before this 1.40/1.39 will be next key resistance, so 1.52 makes sense to me as well for an EOD price.
Speaking of.
That happened this morning. 1.47 is really the only issue. Just need those bought.
Funds tied up, maybe timing will work out and I can get in on a pull back.
Back to 2.50 where she belongs
ARO time
Not looking today though. MA holding it down. 1.47 looking strong again. We'll see if that wall can be crushed.
trying
Agreed
ARO moving
Nah, it depends on my plan, and with UWTI, like most trades, I don't go into the trade without being prepared to add to my position. But I've been out of uwti since 2,17, and still waiting patiently before starting my core position.
Started with 5k. Almost got to 25k and then uwti crash and I took some losses. Down to 15k I was so close :( wanting to grind back up to 25k so undone run across that issue again ever
23/24 RSI has a history with pops in ARO. You could be right.
I didn't count the 3rd of july Friday holiday in my 5 rolling day period. 90s restriction, but I'm switching brokers to e trade and it doesn't follow you when you switch.
The thing is, i cant switching until I'm finished with certain trades., cant be held up for 7 day transition period right now.
Volume is overrated with ETN's. Too many variable factors, (including but not limited to share creation, hedge funds shorting, etc.) and in no way shape or form does volume of an oil ETN, control the price of the actual commodity.
I'm not saying volume can't be used here as any sort of indicator, just make sure you're nut trusting it in the way you would trust volume form an actual stock.
Trying to help out, you may already know this. But thought it was worth me noting.
It could be. 1.60 holding 2 days in a row, 1 of those days being friday, is kind of convincing. We shall see. If i didn't fuck up and get pattern day trader status, I would have hopped on 1.60 with a 1.55 stop. But that's not the case. So I'll wait. See if we can break into the 1.70s.
Nah you could have got lucky, and then I would be the one missing out, but I just didn't want to risk it. I wanted confirmation and still looking. Even if that means not buying at the very bottom. I don't have the funds to just keep averaging down, so playing the better safe than sorry game.
I didn't either, but after 2.30 couldn't break 3 times in a row, it was a 3 strikes you're out, kind of deal for me.
Really, I should have taken the Hint when 54.00 broke and didn't bounce the first time July 6th.
I think You'll have another chance to average down more if you have some funds saved. I haven't bought UWTI since 2.11, and sold at 2.16. Just waiting.
I still see this lower by end of week. Friday's are never good. We closed red.
Gl Robots keeping 1.65 to slowly unload. Closing near 1.60 seems more probable than near 1.70
Watch the 4 digit trades.
Wasn't a bad assumption with oils history, I thought the same. History normally repeats. If you can't admit oil is behaving differently than past slumps, than you're not looking at the same history I'm looking at, or just being stubborn. Don't be condescending on this board.
1.8m trying to sell at 1.66, don't be fooled. people selling at the bid, worried the ask won't get hit..
Hit 7 RSI in January. This thing doesn't always listen to the dirty 30.
I don't pay attention to UGAZ.
Agreed. But I don't buy Thursday Friday right now. Never good for UWTI. Also, the having no margin, I can't stop loss re buy, so I'm waiting for better confirmation personally, but I wouldn't argue you for trying.
That's how I see it.
Getting closer.
Maybe even see the 42.80 gap
I'm sidelined
Yeah because that small run topped off at like 35 RSI? Looking for something before Aug 27th.
yeah 1.70-1.73. Exactly where you're talking. June 2ndish?