Daily Crude Chat

Discussion in 'Commodity Futures' started by zghorner, Nov 16, 2023.

  1. zghorner

    zghorner

    upload_2023-11-16_9-26-25.png


    Missing this entire move is all the proof needed that I should go back to micros...lol.
    Super sucker.

    This is a thread about CL to post whatever anybody wants to daily. Thick skin only, roasting more than welcome -> "crude" as in the noun and adjective

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    murray t turtle likes this.
  2. S2007S

    S2007S

    I remember a couple of months ago when it was nearing 90 they were calling for 100 110 120 oil. Too funny. Wonder if they are still calling for those triple digits.
     
    zghorner and murray t turtle like this.
  3. %%
    FXN is an underperformer also.
    THEN one day he was shooting @ some crude;
    + up thru the ground comes a bubbling crude. :D:DBeverly Hillbillies song.
     
    zghorner likes this.
  4. zghorner

    zghorner

    I mean...they made a mistake whatyado? I cant predict shit either lolo

    upload_2023-11-16_11-12-55.png

    Lowest price since July. trying to find some support here.
     
  5. SunTrader

    SunTrader

    RBZ23 Unleaded is almost to 2 bucks - $2.1078
     
  6. SunTrader

    SunTrader

    Breaking support today - although where it closes, then opens next day is what really matters:-

    ! CL support.png
     
    zghorner likes this.
  7. S2007S

    S2007S

    Maybe low oil prices are signaling an economic slowdown??? Nahhh no such thing. ....
     
    murray t turtle and EdgeHunter like this.
  8. zghorner

    zghorner

    upload_2023-11-16_14-22-22.png

    Todays crazy move has me Testing overnight channel break with an engulfing stop. works incredible for huge, very rare moves like today but the rest of the time...Hell no lol. can continue testing and use MFE for profit target but the early numbers just kill everything. MAE, Profit factor, ETD are all ugly as shit. This relies waaaay too much on follow through that just isn't there most of the time. Need to refine with tighter channel parameters and SL but severe doubt and worthy of complete abandonment.
     
    SunTrader likes this.
  9. zghorner

    zghorner

    [​IMG]

    Dropped channels for modified wedge (with specific criteria), Kept engulfing Exit. greatly improved, this is worth spending the time on getting more lines of data. Profit Factor of 3 (i did not include today's insane move for obvious reasons).
     
  10. Overnight

    Overnight

    Nothing to say here...Just pointing out that I think this would make a cool avatar pic for someone if they wanted. (It just stood out to me when I came across your journal photo, heh.)...

    zgavatarpicsucker.JPG
     
    #10     Nov 16, 2023
    zghorner likes this.