FX:USOIL   Crude Oil (WTI)
5938 56 76
6 months ago
I've started to post an Energy / Stock / Metal Trade for the followers to trade.
I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Energy trade X.


I moved 10.000$ starting capital+10.371$ profit and the rest of the opened positions:
100 ERX long 24,17$
100 ERX long 27,76$
100 ERX long 27,93$
50 ERX long 28,22$
1000 ARP             long 0,8$

6 months ago
Comment: I'm going to play OIL's possible daily cycle top with a small short position:

Selling 100 US Crude August 2016
Price: 49,69
TP: 44$
5 months ago
Comment: I might take profit on ERX positions today or tomorrow.
Oil looks topping to me.
5 months ago
Comment: Selling 100 US Cude August
Price : 51,70
TP : 44$
5 months ago
Comment: Selling all ERX positions (350) at 31.82.
5 months ago
Comment: Total position:
1000 ARP long
200 US Crude August 2016 Short
5 months ago
Comment: It seems that ERX exit yesterday was a good idea. We jumped out near to the top.
I'm planning to reenter into ERX when oil prints the DCL. (ERX at 26$ maybe?)
snapshot
5 months ago
Comment: As this level is a possible spot for the DCL.
Closing 100 US Crude August at 47$.
5 months ago
Comment: I will set a stop at 48.1$ for the 100 US crude.
I don't think we should break above the crosing 10 & 20 EMA.

We are bouncing and RSI left overbought if we hold this the DCL is done.
5 months ago
Trade closed: stop reached: I didn't update oil but we reached the stop.
The August oil was stopped at 48.9 on my account yesterday morning when we had the swing
5 months ago
Comment: Profit/Loss Calculation

LONGS
100 ERX 24,17 ---}31,82 765$
100 ERX 27,76 ----} 31,82 406$
100 ERX 27,93 ---} 31,82 389$
50 ERX 28,22---} 31,82 180$

SHORTS
100 USOIL AUG 49,69---}47 269$
100 USOIL AUG 51,7 ---} 48,9 280$

Alltogether:
2289$ profit

Energy trade total capital:
20.371$ + 2289$ = 22.660$
5 months ago
Comment: Moving on to Energy trade 3
It will be a NatGas short
WIll post in 5 minutes.
jinyuji210
6 months ago
Do u have plan to sell ERX recently to avoid oil going down to 45?

Reply
Benztownguy
6 months ago
what is the SL?
Reply
chartwatchers PRO Benztownguy
6 months ago
50.2? My problem is that price is clearly suffering now. Cannot run to new highs without a healthy correction.
If we break above 50 and tag 51 the correction will come ...
+7 Reply
Benztownguy chartwatchers
6 months ago
ok, i`m in now with you: short @49.72 with SL 50.22 and TP 44.05
Reply
Benztownguy chartwatchers
5 months ago
Hi Arpi, I guess you are still holding here, i got in exactly with you. I moved today my SL to 51.2 . Are you using a similar SL?
Reply
guidorizzato6969
6 months ago
Hi Charts sorry for my stupidity but that means you are still thinking that we have to fall down to 44$ in a short time?
Reply
chartwatchers PRO guidorizzato6969
6 months ago
Yes. 5-8 days
+2 Reply
jackcrudeoil
6 months ago
Do you think that it's good enter in a short position today or it's better to wait for next days??
Reply
Mani
6 months ago
Can i enter short now ?? Price : 49.70 ??
Reply
hyjbh
6 months ago
uwti dropped suddenly. will see whether it is false drop
Reply
RaimondasKarth
6 months ago
Arpi, I can't understand why you long ERX instead of ERY ?
And it's still worth to long ARP @ 0.34$ ?
Reply
shero
6 months ago
Hi Arpi,
I noticed that you are trading August 2016 why not July while it is still open ? (sorry if this is a basic question),
my broker is offering Aug06 now @$50.17 while Jul06 @$49.68
Reply
chartwatchers PRO shero
6 months ago
July is ok as well.
+1 Reply
watsonzou26 chartwatchers
6 months ago
Thanks for sharing.
Reply
learningtotrade
6 months ago
what's your price target for ERX?
Reply
ja.piotr.bor
6 months ago
Good short level? Because somebody is playing with us about oil... 50$$$...
Reply
ginorubin
6 months ago
LONDON (Reuters) - Crude oil in London is moving close to seven-month highs thanks to the lowest level in almost a month of the dollar and the fall in production in Nigeria caused by a wave of attacks on the infrastructure.
News that create havoc in this crazy market
Reply
curiozeta
6 months ago
Is there a sl for the short position we opened yesterday? Can you please update and guide us on this latest situation? Thanks
+1 Reply
avento curiozeta
6 months ago
Stop loss was at higher high, and it has been hitted already.
Reply
curiozeta avento
6 months ago
Do you mean 49.50? or 50.20?
Reply
avento curiozeta
5 months ago
50.20 of course.
p.s. My friend, if you ask such questions, it means that you are pure beginner. Don't get me wrong, but I strongly recommend you not to trade with real money at this stage. Believe me, it is better not to haste!
Reply
curiozeta avento
5 months ago
Actually, I assumed it was 50.20 too, but his sl last Friday was 49.50. I'm not sure he has closed his positions at 50.20. If so, I must have missed it.
Reply
babak_eng avento
5 months ago
what a great advice for you curiozeta. I mean come on
Reply
babak_eng babak_eng
5 months ago
The guy Clearly says Opened short 49.69$. How is that possible he has SL at 49.50$??? Maybe I am dumb. oh lord
Reply
chartwatchers PRO babak_eng
5 months ago
True. I'm still short. Low leverage. Even if it pops 10$ the loss is 1000$.
And we will see 45-46$ for sure this year.
+1 Reply
chartwatchers PRO chartwatchers
5 months ago
So I will have profit on this trade. The question is when.
Reply
ma.sanjuy chartwatchers
5 months ago
hi. Arpil... the lot size is 1000 barrels, means for every $, the loss or profit is $1000/- ... for $10 move, the loss/profit would be $10,000/- ... i am confused. pl advise what is the lot size you trade with?? are there options for smaller lot sizes in CME ? rgds
Reply
LalitGurnani
6 months ago
hi chartwatchers! any update? i am short here too, no stops
Reply
watsonzou26 LalitGurnani
5 months ago
if oil breaks up 50.90, i do think next stop will be 60.
Reply
nbn007 PRO watsonzou26
5 months ago
chartwatchers sold the oil and lost his track..
Reply
chartwatchers PRO nbn007
5 months ago
Still long in ERX. Today it broke to new highs.
Reply
iTenki
5 months ago
Any update please? BCO have already hit 51, still holding short? 51 price hit my channel line
Actually I hope it can drop to 48-49 , but it is no any details show it can drop now.
Do you think there are some news can make it down ?
Thanks.
Reply
jackcrudeoil
5 months ago
Hi chart..can you post news about oil?? Are still sure that oil must go down before run to new highs??thanks
Reply
Josef2016 PRO
5 months ago
I think shorting in oil until August is a risk.
Reply
jackcrudeoil
5 months ago
hi chart...can you give an advice? i'm short from 49.80 but seems that oil doesn't have strengthfor go down....do you suggest to sell my position or wait?thanks a lot
Reply
Nightstar
5 months ago
Careful! OIL could push all the way up to $56 before retracing. Baby bulls are unstoppable!

snapshot
Reply
Benztownguy
5 months ago
Good morning, any updates on OIL?
Reply
isaac312 PRO
5 months ago
Can you udate about gold plz?? :)
Reply
al.calgary
5 months ago
Why you are buying ARP if you believe the oil will drop? APR should drop too. right? thx
Reply
ja.piotr.bor
5 months ago
51,7$ that's ideal point, but I don't have nerves to short crude.
TP is very appealing to me, maybe finally will buy it on 43,5$ level.
Reply
jamesjones511
5 months ago
Nice call CW !
Reply
gotthejazz
5 months ago
sorry to ask a basic qn... what's ARP? when I search I get Atlas Resource Partners.
Reply
chartwatchers PRO gotthejazz
5 months ago
Right is is Atlas Resource Partners.
Reply
jinyuji210
5 months ago
Cheers~ I sold my ERX yesterday as well. waiting. and buy some oil ETF shorts.
+1 Reply
mabaert PRO
5 months ago
Arpi, shorts got taken out by Sl last night and I missed this first move down. Would be great if you find it advicable to jump in somewhere, since it's such a big move!
+1 Reply
chartwatchers PRO mabaert
5 months ago
I'M planning to add if there is a pop. Just watch the energy trade. You can join the long side in 5-8 days. So dont worry.
Reply
ja.piotr.bor
5 months ago
I disagree, we must see 44$ :p. No, but seriously I think with this dollar strenghten, would be a day more, tommorow will be good day a final decline and till brexit should hover near lows.
Reply
tbuckle PRO
5 months ago
So do I understand you correctly. In your analysis DLC for oil could be 44 or 42, but because it COULD also be here around 46 you are choosing to close your ERX positions for safety. ? Is this correct?
Reply
tbuckle PRO tbuckle
5 months ago
Greetings friend. We bounce of 50 EMA area. Do you think this could be bottom? How far up would we need to spike up to validate bottom in and ready to go higher? Where is next stop down if we continue?
Reply
dp
5 months ago
Are you speaking about approximately 50 days cycle?
Reply
chartwatchers PRO dp
5 months ago
50-60 trading days/ daily cycle
Reply
dp chartwatchers
5 months ago
Thanks. Hidden daily divergence spells DC too.
Reply
Morning Sir! I think we may have a pullback to 49-50 and then a decline to 40-43. They made 5 figures down in 8 days, I had spreads of 5-6-7 Cents on WTI and up to 10 Cents in Brent. Don´t think many people are trading oil now but the sentiment is still highly bullish...
On another side, there should be one last play for Brexit. Even if on a weekend we have the news. There should be a sharp decline and then an ascending. Same as Doha stuff but probably with even bigger movements up and down....
Reply
xiiimik
5 months ago
What is your future projection on oil?
+1 Reply
charlie12 PRO
5 months ago
Do you think OIL will continue to rally here, or just a short-term bounce?
Reply
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