We have guarenteed stops in europe, and shorts on wti get high interest (I assume even opening just before day close). Got high interest today.
CME closes Oil at 5 PM ET and opens 1 hour later.
Thanks ESMA. Regulating is very smart and works great. Quote from Jurassic Park: "Nature will always find a way".
You know what you have to do ;) ;) ;) ;) ;)
;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;)
I AM NOT A REGISTERED FINANCIAL ADVISER. THIS IS JUST FOR ENTERTAINEMENT. IF YOU DO NOT KNOW WHAT I AM TALKING ABOUT IGNORE THIS POST. IF YOU KNOW WHAT I AM TALKING ABOUT DO YOUR OWN RESEARCH (for example interest might change). THERE IS NO FREE MONEY, YOU CAN GET STOPPED EVEN OPENING AT THE LAST SECOND. PRICE CAN ALSO GAP AND WIPE YOU OUT. A LOT OF THINGS CAN GO WRONG MAKE SURE YOU UNDERSTAND ALL THE RISKS BEFORE TRADING OIL FUTURES AND CFDS.
K. Don't sue me, I just want to help.
CME closes Oil at 5 PM ET and opens 1 hour later.
Thanks ESMA. Regulating is very smart and works great. Quote from Jurassic Park: "Nature will always find a way".
You know what you have to do ;) ;) ;) ;) ;)
;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;) ;)
I AM NOT A REGISTERED FINANCIAL ADVISER. THIS IS JUST FOR ENTERTAINEMENT. IF YOU DO NOT KNOW WHAT I AM TALKING ABOUT IGNORE THIS POST. IF YOU KNOW WHAT I AM TALKING ABOUT DO YOUR OWN RESEARCH (for example interest might change). THERE IS NO FREE MONEY, YOU CAN GET STOPPED EVEN OPENING AT THE LAST SECOND. PRICE CAN ALSO GAP AND WIPE YOU OUT. A LOT OF THINGS CAN GO WRONG MAKE SURE YOU UNDERSTAND ALL THE RISKS BEFORE TRADING OIL FUTURES AND CFDS.
K. Don't sue me, I just want to help.
Comment:
Didn't get any free money and just got stopped and lost money after the price gapped at the open...
I don't know why... They don't say anything about not paying interest for any reason.
I'll retry... I could also be long a broker and short another.
Maybe I'll ask them. Got scammed.
I don't know why... They don't say anything about not paying interest for any reason.
I'll retry... I could also be long a broker and short another.
Maybe I'll ask them. Got scammed.
Comment:
NEVERMIND.
I just got deposited my free money. Uuuuf.
So I'm at breakeven.
Great!
Friday night interest is 3 times the normal OOOOOOF!
www.ig.com/uk/help-a...-bet-product-details
I got a free short trade.
Breakeven with a SL at 15 pips + the price of the guarenteed stop being triggered.
I could be long on another broker with no charge but I prefer using this method, for now.
Free 5 pts ==> at 1€/pt for 1 contract with this broker ==> Free 5€ per contract, margin required is around 150€.
A 10 pt SL on a 10 contract position is a risk of 100€ + 60€ guarented stop, with about 50€ "free money".
And it won't always trigger the stop of course, when it goes down... GG.
So Friday they pay 3 times, if the gap is still 600 pts, 3 times 600/34 = ~50 points (gap right now is 675).
50 points - 16 (SL + guarentee) = +34 points
At 10€/pt that's 340€ profit normally (500-160).
The stop getting hit and it has high chances of, will cost 160€.
Wait I must be dreaming.
If the price gaps down 100 points that's 1000€ profit.
If the price gaps down 620 points that's 6200€ profit (6 to 9 march weekend)
Am I dreaming?
Thank you USO retail investors.
I just got deposited my free money. Uuuuf.
So I'm at breakeven.
Great!
Friday night interest is 3 times the normal OOOOOOF!
www.ig.com/uk/help-a...-bet-product-details
I got a free short trade.
Breakeven with a SL at 15 pips + the price of the guarenteed stop being triggered.
I could be long on another broker with no charge but I prefer using this method, for now.
Free 5 pts ==> at 1€/pt for 1 contract with this broker ==> Free 5€ per contract, margin required is around 150€.
A 10 pt SL on a 10 contract position is a risk of 100€ + 60€ guarented stop, with about 50€ "free money".
And it won't always trigger the stop of course, when it goes down... GG.
So Friday they pay 3 times, if the gap is still 600 pts, 3 times 600/34 = ~50 points (gap right now is 675).
50 points - 16 (SL + guarentee) = +34 points
At 10€/pt that's 340€ profit normally (500-160).
The stop getting hit and it has high chances of, will cost 160€.
Wait I must be dreaming.
If the price gaps down 100 points that's 1000€ profit.
If the price gaps down 620 points that's 6200€ profit (6 to 9 march weekend)
Am I dreaming?
Thank you USO retail investors.
Comment:
* If you go big and something, anything, goes wrong you can lose alot of money.
I am not a finance advisor.
Don't get emotional, no because I can see it happen "hurray" followed by "didn't go as planned" "Instructions unclear lost 40%".
I am not a finance advisor.
Don't get emotional, no because I can see it happen "hurray" followed by "didn't go as planned" "Instructions unclear lost 40%".
Order cancelled:
Free money is over...
IG changed their min stop distance to super far, FXCM has plenty more rules and it's impossible to open a new Oil position. Oanda is weird with their own price for some reason, haven't checked Pepperstone & XM and others but ... well maybe I should but I'd have to send money there zzz.
They're pretty big brokers I hope no one goes bankrupt yikes.
I published a script to check contando/backwardation, it sometimes gets pretty high, but rarely so big that brokers shut everything down etc.
IG went from 10 points min stop size to 180! XD So dumb...
The thing is very rare to have absurd gaps but passionate traders that always keep an eye on every thing will spot conditions for this.
Free money every couple of years is a big help to grow.
There's probably going to be much more opportunities during the great depression of the 2020s imo.
IG changed their min stop distance to super far, FXCM has plenty more rules and it's impossible to open a new Oil position. Oanda is weird with their own price for some reason, haven't checked Pepperstone & XM and others but ... well maybe I should but I'd have to send money there zzz.
They're pretty big brokers I hope no one goes bankrupt yikes.
I published a script to check contando/backwardation, it sometimes gets pretty high, but rarely so big that brokers shut everything down etc.
IG went from 10 points min stop size to 180! XD So dumb...
The thing is very rare to have absurd gaps but passionate traders that always keep an eye on every thing will spot conditions for this.
Free money every couple of years is a big help to grow.
There's probably going to be much more opportunities during the great depression of the 2020s imo.
Comment:
I got my free money finally hurrah. (Not really free, about 500 points at risk actually).
I took 33 points. It's something.
I started at -10 euros (with spreads) and the position has fluctuated from the green (up to +20) to - need to convert usd to euros have 1 acc in usd the other un eur - at worse I think was -20 right now -7 xd
You know the more the price moves the worse it looks when they show you gain in euro and loss in usd, looks worse and worse. Say for example imagine you were at +10000 and -11030 you're like "wow the gap really got bigger I'm losing much money" but actually you're only at -10187.5 so the difference is just 187.5 bucks and the "free money" interest got that covered :p
I want to leave this open and collect my "free" 10 points a day.
Have to leave limit orders when I sleep in case, don't want to get liquidated or stopped on 1 broker to see the price go in the other direction right after and not get my money back.
This is pretty sensitive actually. A robot would have been helpful.
I took 33 points. It's something.
I started at -10 euros (with spreads) and the position has fluctuated from the green (up to +20) to - need to convert usd to euros have 1 acc in usd the other un eur - at worse I think was -20 right now -7 xd
You know the more the price moves the worse it looks when they show you gain in euro and loss in usd, looks worse and worse. Say for example imagine you were at +10000 and -11030 you're like "wow the gap really got bigger I'm losing much money" but actually you're only at -10187.5 so the difference is just 187.5 bucks and the "free money" interest got that covered :p
I want to leave this open and collect my "free" 10 points a day.
Have to leave limit orders when I sleep in case, don't want to get liquidated or stopped on 1 broker to see the price go in the other direction right after and not get my money back.
This is pretty sensitive actually. A robot would have been helpful.
Trade closed: stop reached:
Liquidated!
So now on my short I am trailing my stop and acting like it's a real trade and all.
Barely liquidates me then bounces immediately.
Free losses.
The min SL of 10 points is back so maybe I'll collect interest like this...
So now on my short I am trailing my stop and acting like it's a real trade and all.
Barely liquidates me then bounces immediately.
Free losses.
The min SL of 10 points is back so maybe I'll collect interest like this...
Comment:
Who is buying this??? When it looks like this? And there is no demand from "civilians"?
Like this...
HAHAHA there's probably legions of retail traders buying aggressively "uuuh so cheap" "oversold" "the bottom is in" "oh this is a double bottom" xd
Absolute idiots <3
Who is buying this??? When it looks like this? And there is no demand from "civilians"?
Like this...
HAHAHA there's probably legions of retail traders buying aggressively "uuuh so cheap" "oversold" "the bottom is in" "oh this is a double bottom" xd
Absolute idiots <3
Trade closed: target reached:
Oh I had a limit target I forgot about yikes.
I am expecting a parabolic move down.
I'll reopen on the next little pullback or consolidation maybe.
And probably going to want to collect interest on wti.
I am expecting a parabolic move down.
I'll reopen on the next little pullback or consolidation maybe.
And probably going to want to collect interest on wti.
Comment:
OPEC manipulating everything.
WTI is so much more sensitive.
Stupid broker that didn't let me trade it.
Had a monster of a downtrend today.
My account with which I'd buy is nearly wiped out, if I want to buy before 0 or next rollover, I'll have to deposit :(
I don't know when they will re-open trading.
Just going to open with a tight stop and collect interest.
What if the price jumps up on every open because every one is doing this?
WTI is so much more sensitive.
Stupid broker that didn't let me trade it.
Had a monster of a downtrend today.
My account with which I'd buy is nearly wiped out, if I want to buy before 0 or next rollover, I'll have to deposit :(
I don't know when they will re-open trading.
Just going to open with a tight stop and collect interest.
What if the price jumps up on every open because every one is doing this?
Comment:
It is time.
Comment:
The interest will be 15-16 points.
The spread + min stop size (10) + price of guarenteed stop if triggered is 19.
Going to be ready to scalp as soon as the market re-opens.
Goes up too much I am ready to clode, goes down I try staying in and trail my manual stop and potentially even the auto stop loss if it really goes down.
The spread + min stop size (10) + price of guarenteed stop if triggered is 19.
Going to be ready to scalp as soon as the market re-opens.
Goes up too much I am ready to clode, goes down I try staying in and trail my manual stop and potentially even the auto stop loss if it really goes down.
Comment:
It is very very rare that the price does not go up above open on red days, more than 10 points.
So even the tiny shadows...
Unless it gaps down I won't be dreaming of a massive winner.
Even a few points is some juicy profit... Depends on size. Without a really big contango & guarenteed stop I would never use this kind of sizing.
If I get out manually I save 6 points on the guarenteed stop oof!
So even the tiny shadows...
Unless it gaps down I won't be dreaming of a massive winner.
Even a few points is some juicy profit... Depends on size. Without a really big contango & guarenteed stop I would never use this kind of sizing.
If I get out manually I save 6 points on the guarenteed stop oof!
Comment:
Looking at scalping now xd
IG has a 2.8 spread on USOil, FXCM that goes rekt with the May contract they rollover at the last second has now a 17-18 spread xd
IG has 10 on Brent (but I think it is smaller usually can't tell for sure never look at it) and FXCM 3 points!
They got hurt.
IG has a 2.8 spread on USOil, FXCM that goes rekt with the May contract they rollover at the last second has now a 17-18 spread xd
IG has 10 on Brent (but I think it is smaller usually can't tell for sure never look at it) and FXCM 3 points!
They got hurt.
Comment:
My position magically disappeared from the chart from the screen AND I got stopped at the very top.
It went too fast for me to do anything.
So I changed the arrangement with the window with all positions on the front page in case next time it "magically" disappears and I can't close.
I also still haven't gotten my interest as if it was done on purpose.
It moves so fast at the open, if I want to scalp this I need everything set up correctly.
My position magically disappeared from the chart from the screen AND I got stopped at the very top.
It went too fast for me to do anything.
So I changed the arrangement with the window with all positions on the front page in case next time it "magically" disappears and I can't close.
I also still haven't gotten my interest as if it was done on purpose.
It moves so fast at the open, if I want to scalp this I need everything set up correctly.
Comment:
The gap has widened since open.
Since my interest got calculated so late I made MORE than expected.
CHAD.
Boy did I go from "I don't want to live anymore" to "I AM INVINCIBLE" quick! xd
- 16 points because I couldn't close fast enough + 20 points MUAHAHAHAHAHA.
I will repeat this every day till the great depression is over. It won't end here.
HOW DO PEOPLE LOSE IN BRONZE? XD
People are getting wiped out and calling current conditions "extremely difficult" LOOOL.
Literally no brain selling dying ponzis and pyramid schemes as they start going down before they go complete falling knife no falling giant sword, and collecting interest because of a giant mega gap never seen in our lives while retards keep buying Oil and fight and get angry to keep buying USO ETF 😆😆😆😆😆
Monkeys on this site are still posting the same regular trash "technical" ideas puahaha I am dying. Barely anything entertaining or educative just random patterns and made up support levels countertrend.
2 years ago during the great free money event on Kraken (+ semi free money with other brokers) I thought there was no way this would happen again (retail 🤡 were buying aggressively at market prices with spreads of legend, and selling cryptos like xlm at the 3 days old price when it moved massively up). Lmao those apes were even getting angry at kraken because they wanted to buy & give me their monye asap. Imagine being so noobish you see a ridiculous price and you just hit the bid without wondering where it comes from if its a bug and being so noob you also have no clue about market making.
The gap is actually getting bigger I can't believe it.
This is a gift from god. Hey if I had an ant colony I would also prefer the smartest more skillfull ones.
Natural selection at its finest. I don't want to be mean to Oil bulls getting decimated but boy oh boy are they stupid.
This market is too brutal for noobs, they should stick to big stocks that always go up and with money printing to save them at the expense of the population.
I hope USO gets permission to accept more investors and they keep buying and they keep having to rollover their contracts making things so much worse. And anyway we obviously will run out of storage space! I don't get how this is not extremely obvious there is no speculating here it's just well duh common sense, and July contract will face the same issues, how long till they figure it out?
Since my interest got calculated so late I made MORE than expected.
CHAD.
Boy did I go from "I don't want to live anymore" to "I AM INVINCIBLE" quick! xd
- 16 points because I couldn't close fast enough + 20 points MUAHAHAHAHAHA.
I will repeat this every day till the great depression is over. It won't end here.
HOW DO PEOPLE LOSE IN BRONZE? XD
People are getting wiped out and calling current conditions "extremely difficult" LOOOL.
Literally no brain selling dying ponzis and pyramid schemes as they start going down before they go complete falling knife no falling giant sword, and collecting interest because of a giant mega gap never seen in our lives while retards keep buying Oil and fight and get angry to keep buying USO ETF 😆😆😆😆😆
Monkeys on this site are still posting the same regular trash "technical" ideas puahaha I am dying. Barely anything entertaining or educative just random patterns and made up support levels countertrend.
2 years ago during the great free money event on Kraken (+ semi free money with other brokers) I thought there was no way this would happen again (retail 🤡 were buying aggressively at market prices with spreads of legend, and selling cryptos like xlm at the 3 days old price when it moved massively up). Lmao those apes were even getting angry at kraken because they wanted to buy & give me their monye asap. Imagine being so noobish you see a ridiculous price and you just hit the bid without wondering where it comes from if its a bug and being so noob you also have no clue about market making.
The gap is actually getting bigger I can't believe it.
This is a gift from god. Hey if I had an ant colony I would also prefer the smartest more skillfull ones.
Natural selection at its finest. I don't want to be mean to Oil bulls getting decimated but boy oh boy are they stupid.
This market is too brutal for noobs, they should stick to big stocks that always go up and with money printing to save them at the expense of the population.
I hope USO gets permission to accept more investors and they keep buying and they keep having to rollover their contracts making things so much worse. And anyway we obviously will run out of storage space! I don't get how this is not extremely obvious there is no speculating here it's just well duh common sense, and July contract will face the same issues, how long till they figure it out?
Comment:
Gap is smaller, min stop size is much bigger they increased it 15 fold...
Can't hedge with another broker it's not reliable enough.
Brent is much smaller...
Might pass today. Or could experiment with Brent with the smallest position but yesterday or this morning at the open the future was trading and brokers weren't letting anyone trade...
Can't hedge with another broker it's not reliable enough.
Brent is much smaller...
Might pass today. Or could experiment with Brent with the smallest position but yesterday or this morning at the open the future was trading and brokers weren't letting anyone trade...
Comment:
*Can't hedge with USO obviously retail messed that up.
Comment:
Ye they're changing the min stop size just before the close probably to stop sneaky people from collecting high interest.
I don't know if posting about this had an impact.
We'll see what happens next days...
There's the neutral position way, but prices can move around, there can be growing gaps so ...
I'd short it at $25 maybe, or if it seems like it's about to drop, or recovered all the way to 40-60 bucks, never know will all the eager retail investing buyers.
I don't know if posting about this had an impact.
We'll see what happens next days...
There's the neutral position way, but prices can move around, there can be growing gaps so ...
I'd short it at $25 maybe, or if it seems like it's about to drop, or recovered all the way to 40-60 bucks, never know will all the eager retail investing buyers.
IG explains here how they calculate interest:
community.ig.com/for...res-market-for-them/
So it is the contango divided by the distance in time between settlement dates (if I understood correctly). Minus overnight financing fees, but they are relatively small compared.
You can also add a 3 points spread to this.
The volatility is enormous.
I am not sure it works by opening at the last second, I will try this evening.
I expect more volatility and join the trend opportunities and more "complex" strategies opportunities. I'll post a new idea about that later.
I will practice this see how it works and exploit it when possible, I am going to look at aggri futures too they might develop similar situations.
Plenty of volatility for the next months imo.