Grinding
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Yeah you did back down at .15!
My broker charges an arm and a leg for sub $1.00 though! I'm missing the train! But I rode those other ones!
UWTI testing the trend line I've been watching
12m block trade
Pretty penny. No stops here. Half profits at 63.27. Holding other half. Until towards end of day.
2 weeks in a row surprise. July is travel month though.
I still think the line I've been following applies. I'm curious to see how it acts when it gets back down here to it.
Looking like an ascending triangle that can break.
Really you can raise the horizontal trend line some, its a pretty broad mental line for me. Lots of price action history around that level.
Still trying... Bulls might have something here.
if WTI breaks 61.50, then on to 62.00. If we dance up there I may get back in UWTI. but for right now, I'm staying out.
Oh shit, this might be the one. Perfect timing to go opposite with the report and to get people to sell to the big dogs... Hmmm... I'm all out of UWTI right now. So hope not. Not buying back in yet either. Not convinced. But this could get convincing..
Time to cover the naked bar from earlier this week.
Yeah DXY has been having a good day. Which is what led me to skim more profits than I normally do on a Tuesday. Normally Wednesday is my big profit taking day, but as of right now, I'm 70 % out. Normally I'm 50% out tops by Tuesday. Market not correlated.
Either that, or there's some real strength behind this movement.... But I'm banking on that not being the case.
Well the first line I was watching just got broke. but lets see if the 61.14 support holds.
Eastern, I live in central as you know, but yeah, I always convert everything to eastern.
It wants to break further up.... Just do it. if it doesn't break by 1:39, that's when a trend I'm following gets broken.
The thing is, come wednesday, for the past 3 weeks, I've been selling completely out of UWTI, including my original $1.945 shares. So one of these wednesdays I feel I'm gonna get fucked and left behind. So I need to probably start holding some just in case but man. These Wednesday's have just been so predictable..
I got in Monday at 3.28! Super busy at work with a presentation. It lasted too long. we're finishing after lunch. I took 1/4 profits yesterday as well at 3.45, sold another 1/4 today at 3.57.
Holding my other half. Cant post much today! sorry. Well I can now during lunch.
Buy UWTI Monday, sell Wednesday, but take some profits along the way, buy DWTI wednesday.
8 weeks now.
1.5m block order right before the spike. Someone knows something.
Looking to buy lower $3.10's after the contago gap on WTI fills.
Amen brother. Happy Father's Day as well.
Don't ever regret profits
Down another 4. This will all catch up. with the inventory counts very suddenly one day. We could have record low inventories come end of summer, if they don't bring the rig count back up. I'm gonna post a chart later showing just how much oil gets used in July and august compared to these other months. Don't let me forget. Way too busy right now. Gonna be working both Saturday and Sunday this weekend to ensure we meet end of quarter deadlines / objectives sadly.
I don't ever buy UWTI Fridays. Well for the most part. Every rule has an exception.
Every gap gets filled. Earlier forgot to mention, the gap up from 54.00, never got filled either. Another one I don't want to see tested. But wouldn't mind adding around there if it held.
Lmao. As long as you're paying. lol
I'm Saying WTI has gapped up every contract flip, and UWTI stayed the same, and when WTI dropped to cover the gap up, UWTI dropepd at well.
Example:
Before contago gap:
WTI: 58.30 UWTI: 3.76
After contago Gap:
WTI: 59.40 UWTI: 3.76
After Contago gap get covered:
WTI: back at 58.30 UWTI: 3.44
I plan on loading the boat for a flip when that happens. Thanks for your constant updates on the support/resistance of the dollar. :P
Well we could see 3.05 UWTI while the contago gap covers after that.
When is the contract rollover date this month? Save me some research time, work busy as shit. June 22nd right? http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_product_calendar_futures.html
Wednesday has been a better sell 7 weeks in a row before the report. Don't forget how happy you were this week when you 3.50's didn't sell Tuesday!
The only one I've seen not covered is the gap up beginning March 18th after the double bottom.
I hope that one doesn't get covered though. >.<
Friday sell off for weekend cashhh
If 2.50 breaks... Holy sheeetttt. Look out above. Choo choo
Enjoying the ride!
First time the first move has been down...
Overseas market got it over 60 now