Hi,,, Today I would like to talk about LONG TERM TRADE and GAPS on 1D chart for WTI (West Texas Intermediate):
1) 1D CHART is NOT for everyday trader (it's NOT for everyone - it's pretty much for MILIONAIRES) and on LuxAlgo the candles are all PURPLE ---> so nothing IMPORTANT is happening. 2) EVERY GAP MUST BE CLOSED SOONER OR LATER ---> THIS IS HOW THE MARKET WORKS!!!! 3) a small SUMMARY of ALL GAPS since 2018: a) 65.00 ----> 54.00USD (March 2018) b) 65.00---->61.00USD (October 2018) c) 55.00---->62.00USD (Septemeber 2019) d) 56.00----->60.00USD (Debember 2019) e) 41.00---->32.00USD ([THIS IS THE LAST GAP on 1D chart WHICH WAS NEVER CLOSED] MARCH 2020!)
For 2 years there was NO MORE GAPS and NONE of the previous ones were closed. As you can see there are quite allot of gaps to be closed (last GAP WAS 2 YEARS AGO!) so THE PRICE MUST GO DOWN! To CLOSE THE GAPS!
AND THEN ALL UP!!!!! Because there is NOT too much Crude Oil left on The Planet. :)
what's good fam? as I scroll through your postings I see nothing but WTI...! we have a ton in common fam! that's all I trade as well!💯💯💯
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@FbbSlick cool:) I HAVE A COMPANION in You which is great!:) WTI is a Good choice:) when did you start trading? I started 1st October 2022 and made 25 000GBP since than but I think I will lose 10 000GBP now simply because I follow other people ideas too much I think - People who trade other things and don't follow WTI every day like I do. What do you think? Do you think this will go up to 85.00USD in January? I'm too high on BUY at the moment and I'm losing 14 000GBP in The Cloud (I fell asleep last week and this is what happened). I'm NOT closing the trade just yet hoping I will lose less or ideally lose NOTHING - Just close the trade at 0 profit and press on SELL because it WILL GO DOWN.
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@FbbSlick other than that I'm an E-Commerce expert. I had a company for 10 years selling building materials across UK but I lost the company last year and requalified myself to Trading on a Stock Market. I enjoy it more 😌
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@FbbSlick also when I see people supporting their technical so called ANALYSIS on the news from OPEC here it makes me 😢cry. WTI is THE ONLY CRUDE OIL on The Planet which has NOTHING TO DO with OPEC.
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@FbbSlick or like, "COVID-19 is over, China is reopening" SO WHAT? This has NOTHING TO DO WITH WTI!
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@FbbSlick or: "Check Housing Prices (Properties) in USA!". Why? Crude Oil is mainly used to manufacture CLOTHES!!!! It makes me CRY those people.
I started trading September of 2018, so 4 years now. Yes indeed you found a friend in me! At the beginning I was attempting to trade everything, I have been dedicated to WTI since March of 2021. I had the same problem for a while where I was listening to the crowd and taking consistent loses. Yes I too think WTI will go up but I think it will drop to 70 a barrel and if it breaks that we are looking at 65 a barrel in my opinion.