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Crude oil contracts in clear downtrend, i waited for a relief rally and got in, using 5 min charts:
Going good:
Getting out, $370 made of profits, i was in the market for 6 minutes.
Tags: crude oil, relief rally
Crude trading in downtrend in the short term 5 minutes time frame.
Opening a position in relief rally:
Just 3 minutes later i am 160 USD up, getting out the market:
Date: 2010/04/26
Entry Time: 10:14 EST
Exit Time: 10:17 EST
Trade duration: 3 minutes
Entry reason: relief rally
Profit/Loss: + 160 USD
Tags: crude, downtrend, relief rally, scalper
Wednesday is a big day to trade oil as the weekly inventories are released by the US Energy department.
We can’t predict if crude oil will go up or down even after the release of the numbers, however we can assure that every Wednesday the crude oil market will move much more than any other day of the week. Volatility for the crude oil market increase.
first reaction to the inventories:
i see the market stopped, i am going to fade this big move:
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trade 1
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going long in what i think is a reversal:
getting out as soon as i get some juicy profit, $250 on this trade, just 4 minutes inside the market:
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trade 2
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still trying to fade the market big move to the downside, i see now a double bottom forming, getting in:
still down there …
i am starting to fear that it will not get up so i am getting out as soon as i have some profits:
$70 of profits were booked in the trade , 19 minutes in the market.
Made a total of $320 trading crude today, fading the first reaction to the inventories, at the end i had fear, the movement was totally absorved later and the double bottom was the beginning of the big fade i missed.
Tags: crude, crude oil, inventories
The S&P haves a bullish tendency for today after good earning reports released from its composites like coca cola, goldman sachs and more.
Using the 5 min charts i got inside the market long after it traded close to the 200 ema and i see a reversal hammer candle is formed.
Hammer failed and market is trading a little lower but still up the 200 ema, hanging … if market trade lower the 200 ema i will have to get out.
After a while market start to pull back, i am now getting ready to exit the trade.
Getting out, $112.50 profits.
bought: 1198.500
sold: 1200.7500
45 minutes inside the trade ( 10:25 to 11:10 EST)
Tags: eminis, pullback, sp-500
Early trading, just 13 minutes after the open of the US stock markets. I believe a down tend is forming in the crude oil for today.
Even if if is not totally formed as the EMAs are not aligned i see on my mind a relief rally using the 5 min charts.
3 minutes later the market destroyed my poor analysis.
I know i am in a bad trade, i have to get out as soon as possible, this is not forex, the market will probably don’t get back to my original point, no time for proud, i have to get out and assume the loss.
The market set up traps like this one that can make the trader believe that it will reverse, this made me hang a little …
Finally got out, lost $300 on this trade. It was a bad move from my side, i didn’t had enough reasons to get in, be careful with this trades, next time:
- be sure the emas are aligned for pullback or relief rallys patterns.
- wait for the market to give me a direction, don’t trade it just 10 minutes after the open bell.
- get out as soon as the market proves me wrong, market will always set traps to traders to give them reasons to hang.
Tags: crude, crude oil, failed, losser, relief rally
I leaved the crude oil alone for a while until i got a clear view of the market intentions again, basically i like to have an overall direction.
I know that right now there are most bears than bulls, i see more strenght in the downside with bigger candles, every bull offer is absorbed and bypassed by the bears with ease.
I see another relief rally to the 20 EMA, getting in:
Market now near the last low, getting out, good gains here in a 2 minutes trade.
Entry at 83.19, exit at 82.17 for a nice 320 USD of profits.
Tags: bears, crude, crude oil, relief rally, scalp, scalper
Continue with the last trade, as my guts were telling me, the market didn’t had the strenght to get to a new low right now, and it is now forming what i call a W bottom pattern.
Getting in the market from the bull side.
Scalper, i was in the market for 1 minute.
Entry at 84.41, exit at 84.51, 100 USD of profits.
Tags: crude, crude oil, e-minis, scalp, scalper, w bottom
Crude Oil in downtrend, i am using the 5 min charts right now to trade this market.
relief rally to the 20 EMA with reversal signal, getting in.
A few minutes later, going good.
Getting out the market with profits, i see market loosing some strength, starting to fear that it will not reach the last low so ill better get out now.
130 USD of profits, short at 84.07, cover at 83.94.
Tags: crude, crude oil, e-minis, relief rally
i missed a nice intraday rally in today US stock markets session.
nasdaq, sp-500, and the dow, all were in uptrend in this last days due to good earning reports of important companies, specially today with earnings of 1.58% in the nasdaq.
(Reuters) – World stocks rose to more than 1-1/2 year highs on Wednesday and oil snapped a five-day losing streak as unexpected strength in U.S. consumer spending and earnings at JPMorgan Chase and Intel underscored the economic rebound.
JPMorgan was the top percentage gainer on the Dow, up 4 percent to $47.73, followed by Bank of America Corp (BAC.N), which was set to report results on Friday and rose 3.9 percent to $19.40. Intel climbed 3.3 percent to $23.52.
trading this rally could had been a very profitable business but i was busy with my forex trades …
Tags: dow, E-Minis Trading, earnings, nasdaq, rally, sp-500, uptrend
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