MrRenev

Dumb retail traders or?

MrRenev Updated   
NYMEX:CL1!   Light Crude Oil Futures
You know what to do...
I think I saw this last week already... Weird bug... Either way...
Comment:
If I'm not high 1 contract on FXCM is 10 barrels, 1 contract on IG is 100 barrels, and on Oanda I don't even know I think it's 10 barrels per contract too.
Comment:
Ok price on IG JUST broke a new low.
"Strong support broke let's sell now". Monkas.
I am finally in the green.
This all makes no sense. I wish I had a program that closes when losses - profit > set number.

Down 100 up 120 not sure this is worth it I might close soon just want to sleep...

My quantity of short is bigger than long because it wasn't moving at the same rate, I was adjusting on the way. Potentially I can make alot if the price keeps going down.

I just want to be well in the green set my stops and go chill... And if it really goes my way I make alot. I don't want to lose sleep for 50 bucks or idk.
Comment:
-155 +230 gachigasm

I found a broker that looks like IG, shows how huge the gap is:
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+300 -190 now that's what I'm talking about
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Stopped on 1/8 fxcm contracts, so I'll make more money as it keeps going down now.
Might close a bit more long and set a SL on the short...
If it goes up yikes, I'll have to manage it live.
I don't like scalping but sometimes you have to grab the opportunity.
Oil price below 15 bucks on fxcm, absolutely ridiculous.
Comment:
Oil price is top trending on the cme site.
www.cmegroup.com/tra...ght-sweet-crude.html

FXCM forgot to rollover? I don't understand... What months are they using?
I'll check tomorrow.

Maybe I had no clue what I was doing.
Idc I made money via skilled live adjusting buy & sell and following the ticker, pure skill not luck at worse, all good.
Trade closed manually:
I'm done, price is bouncing hard I don't want to give back profit.

I was dreaming of making thousands :'(


Will be interesting to follow what happens next.
Reminds me of the old days of alt coin overdose drug addict moves in '17 and '18.

Glad I can stop staring at the screen now, scalping is so ******.
Comment:
No idea what month oanda is on.


I'm trading it again xd

When the price moves 20% in minutes (well almost), have to.
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I am shorting on Oanda for the short term, and trailing my stop.
I am eagerly buying on FXCM for the long term.



Oanda sent a KID doc to me but all it says is "olala very risky" and explains to brainlets that 2+2 is 4. Zzzz tell me what month/what the underlying is...
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Was wondering how they would deal with negative prices, since with cfds they only allow to enter prices strictly greater than 0.
Well FXCM has banned opening new positions on Oil because the price was too low.
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Man if I was rich I'd buy barils of Oil for nothing and store them in my garage.
Only the rich can get rich...
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No new positions being opened on FXCM (I can't buy or sell), price action entirely made of closing.

Why wouldn't short sellers close when up 99%?

Their site is bugged economic calendar is empty, client positions is empty.

The price went to 0.

They're so suspicious...
Comment:
Imagine if this one started to go up :bitconnect:


Settlement is in just about 24 hours and we are in the evening, alot can happen?

I want to trail my stop on my short, but then I am exposed to getting rekt on my long.
I gave up on Oanda I have no idea what this joke is.

If the price of June drops a whole lot I might move my stop / taking partial profit.
Trading pnl, can't trade your system when you don't have one hey.

This is stressful even for me kek.

They're just doing their own thing on Oanda lol

HAHAHA I should check all the retail heavy "free trading" "5 ads a day" brokers etoro etc.

This is something I expect to see with alt coins, not THIS!

I was told some institutions use these brokers, I doubt it, IG maybe...

TradingView research function doesn't even work anymore they must be so overloaded.

OIL DOWN MORE THAN 100% ON THE CME CONFIRMED.

FXCM is not letting the price fall below 0. NICEEE!

Bitcoin seems pretty stable and tame right now...

THERE IS NO BOTTOM -1.50$!

I told you Oil was way more brutal and dangerous than Bitcoin.

Gotta find my old posts about fighting the trend etc.
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I don't know what will happen with fxcm. They are robbing their clients? They are going to go bankrupt? No idea I'm gambling.

NO PROBLEM if I make more money on my shorts than my entire FXCM account I am safe thank you ESMA & retail trader protection DAB DAB DAB DAB DAB DAB DAB.

Oil producers are giving people 7 dollars per barrel just so they take them.
Comment:
Despite the weakness in headline prices, retail investors are continuing to plow money back into oil futures. The U.S. Oil Fund ETF saw a record $552 million come in on Friday, taking total inflows last week to $1.6 billion.
Comment:
FXCM Market Alert
USOil has expired as per the normal schedule today (April 20th). However due to the unprecedented market movements, the opening of the new contract month will be delayed.

Please note when the new contract is opened, margins may potentially be increased. We recommend trading with caution.
Trade closed: target reached:
All closed now.

IG:

FXCM closed all my positions with no warning nothing, I do not know if they will roll them over, Oil is still closed there.

Trading view has an fxcm chart, maybe they are still busy unwinding clients positions?
Maybe I just got unlucky?
I mean... price went from 0 to 20$ helllooooo I should be up 800$ or something!

Love how they are dealing with the spread (contango).

If I get scamed and all losses on FXCM are realised in total I guess I'll have lost about $550 and made €800 ($864 at current rate).

So operation success. I should have risked 10 times more! xd

It's a few hundreds on top of my normal activities, an additional income stream.
Any chance I find to make more even just a little is well worth it because it compounds and accelerates growth.

If I stick to my main strategy and rules only it will take forever to get where I want to be.

I'm always looking for new ways to make money, but I'm not a reptile so even if I have successes I won't act like Barrings Bank trader, I won't get all confident and start risking big. If I risk big it will be on my top strategy that I used for years and spent thousands of hours backtesting, and when everything aligns perfectly.

I am very glad it all worked out, pretty sure I will lose my money on fxcm and not make as much as I hoped, but still ~200 to 300 for 2 days where I normally would have made 0 because I had no opportunity and was in no position is nice.
Actually it's about what I would make in 2 days as an engineering wageslave.

I'm happy because once again I didn't follow my rules, I went on a hunch and won.

If I can turn just all the periods where I am normally not in a position into profitable periods (on average) that would be really great. Rather than just doing nothing and making no money and wasting time. You might know it, traders hate not being in a trade. Have to be patient but when you make 0 progress over several weeks go explain that...

For new traders I certainly won't recommend going on a hunch xd
The top speculators in the world did that no? But they had rules anyway.
I am not sure if they most of the time went on a hunch to which they applied some of their rules or what.
For me anyway I can tell, no matter how or why I enter a trade there I will know what my max risk is, and use a stop or another way to protect myself, and stay in the same way or very similar to usual.

What I would say is:
- First, learn to have a rigid system (signal generation + trade management rules + risk management rules) and stick to it
- Second, look for new "signal generations"
- Third, learn to break the rules (some must stay unbreakable such as "don't go all in 100 leverage you know what I mean), and learn to go on a hunch

And from day 1 to when you are at the 3rd step you will have learned to predict markets better and understand them and your hunch will get better and better you won't get fooled anymore.

Anyway...
I wish I had access to options... But nah since I am "protected".
This was pretty advanced but traders that did this correctly, didn't go too big didn't get margin called, made alot of money now that June contracts have gone way down, and if the size was small enough/had enough capital on fxcm, prob will make money on the may contracts? I messed up that part. Was a gamble on 0 being the bottom. 0 was indeed the bottom so losses were capped BUT I think fxcm closed anyway because it went negative...
I played the system but the system in the first place played me "for my protection" so it's all fair game.

Maybe a similar play next month? Make sure to check your brokers updates xd
Comment:
Gap between FXCM & IG rn trying to profit from the gap + interest buuuuut
"Order could not be executed. Instrument USOil is under trading restriction: only position close is allowed."
Tired of this...

Several other brokers closed my accounts for inactivity.
I can't use Oanda, they have their own highs and lows.

Brent has different prices, NatGas doesn't have such a big contango.

...
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Brent goes up more and down less on FXCM compared to IG, and this:

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Gap is tightening
My worse case scenario risk is limited (if futures go to 50 and price on fxcm goes to 0)

Spread price is almost covered by the reduction in gap that already happened, interest will be free.

73% clients long, ah might gap down then.

I hope there is a big gap down and I get liquidated and blow up my little fxcm account ^^
I would also be happy with a big gap up that hits my stop.

Going to have to be ready sunday evening in case.
www.theice.com/produ.../Brent-Crude-Futures
Comment:
* I need to open a business and hire legal experts.

This is all legal but idk maybe at some point they start suing me for money.

Those idiotic regulations that don't make sense are a problem.

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