Ceyda well done for keeping the thread going but sorry I am not an active trader of Brent ... However, I'm looking to buy this pbk as we near 6900... and risk declines...
I am thinking this move is corrective but we'll see... :cheesy:
Well traded last week by the way
Atilla I'm sure you meant to quote July Brent prices ......:cheesy:
Was kicked out of my posish just above $69 but loss was tiny and looking to get back in as I still think this is a counter trend pullback.... although we're now over $3 off the highs .......... and (obviously) I could be wrong.....
Got stopped out for the usual 20 points + spread this morning. Not too bothered apart from the fact I was in a meeting when I needed to short the damn thing !! So would have been money up. Once I have missed the first move I NEVER Like to chase the price so had to let this one go.
Waiting for my next signal tomorrow, where I hope to be getting involved.
Thanks for the other comments guys....as far as the geopolitical and supply/demand issues go, I really just look at the chart. My trading timescale is so short that I like to think these issues don't affect me so much.
Trade the chart that is all I do.
I'm increasingly looking at trading the charts too but still like / prefer the news to confirm direction. When they contradict each other it's like a warning amber light.
I take your point about short time scales.
If we all do our thang we can have an interesting party...![]()
Hey there guys,
Nice to see the threads here ceydababy, I'll be sure to monitor more often. You can add a 4th trading style now lol
I agree with you, oil seems usually more sure where it's going and doesn't faff around as much as currency (especially the pound the past week or two). I would post some of my 2cents on the direction of crude but my weekly charts are messing around at the moment, nice on the 30min chart tho, great move today. I use a rather simple techinical (can those words really be used next to each other?) system that also hugs close to a trend following method. Does the job here.
I'll be sure to pop on back and see what's happening. Happy trading all.