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Mike Rowave

Joined: 14/01/18


Comments by Mike Rowave
Crude Oil WTI Oct 22, 2021 9:53AM ET
nice to see ya back....
Crude Oil WTI Oct 22, 2021 9:40AM ET
nice test of .36....
Crude Oil WTI Oct 22, 2021 9:36AM ET
nah...you said it would be 82 to 83 until Friday then 85 would be tested.  No matter what...you got stopped out on the 81.00 retests two days in a row..... nah...you said it would be 82 to 83 until Friday then 85 would be tested.  No matter what...you got stopped out on the 81.00 retests two days in a row.....
Crude Oil WTI Oct 22, 2021 9:35AM ET
he post 85% of his trades... he post 85% of his trades...
Crude Oil WTI Oct 22, 2021 9:34AM ET
You are correct sir...
Crude Oil WTI Oct 22, 2021 9:32AM ET
you said friday...now Monday....which is it?
Crude Oil WTI Oct 22, 2021 9:31AM ET
but he may stop by...he loves the trading game...even while on vacation... but he may stop by...he loves the trading game...even while on vacation...
Crude Oil WTI Oct 22, 2021 9:29AM ET
Vacation...
Crude Oil WTI Oct 22, 2021 9:28AM ET
long wicks on that hourly chart  going into the NY Session....
Crude Oil WTI Oct 22, 2021 9:25AM ET
already tested below 83.10...that was about 9:10 this morning...
163490893232505.jpg Crude Oil WTI Oct 22, 2021 9:23AM ET
163490893232505.jpg
So within the Daily context...yeah nice stall zone...Now take that to the Weekly chart ,,,etc, So within the Daily context...yeah nice stall zone...Now take that to the Weekly chart ,,,etc,
163490876261110.jpg Crude Oil WTI Oct 22, 2021 9:20AM ET
163490876261110.jpg
NY Session...Still in the shadows of the past two days...but nice range is offered to both sides of the fence...
Crude Oil WTI Oct 22, 2021 9:16AM ET
if it breaks down today...very possible today...and still would give the 81.87 a nice larger timeframe trend marker.... if it breaks down today...very possible today...and still would give the 81.87 a nice larger timeframe trend marker....
Crude Oil WTI Oct 22, 2021 9:15AM ET
if you look @ the 1 min chart...you can see that something took place @ 8:12 area...nice trend...stall...been consolidating since.  Partly because the guys are getting their positions for the NY session...but also near a longer time frame key level. if you look @ the 1 min chart...you can see that something took place @ 8:12 area...nice trend...stall...been consolidating since.  Partly because the guys are getting their positions for the NY session...but also near a longer time frame key level.
Crude Oil WTI Oct 22, 2021 9:11AM ET
larger timeframe...83.10...that is why I took the bulk out...could test 82.50 area again...so depends on your needs and goals...nice scalp on the retest .26  for me is just an added bonus...GL larger timeframe...83.10...that is why I took the bulk out...could test 82.50 area again...so depends on your needs and goals...nice scalp on the retest .26  for me is just an added bonus...GL
Crude Oil WTI Oct 22, 2021 9:06AM ET
Correct on the time line...and maybe 83.10 retest was all that 81.87 needed....right now...still trending tested the 7 am high as support and held...but will it make a new high or consolidate and roll over...Since the market gave twin pay days where I got all my same stops and entries almost on auto pilot....I letting today have more breathing room to run...just I will monitor the movements with the areas.... Correct on the time line...and maybe 83.10 retest was all that 81.87 needed....right now...still trending tested the 7 am high as support and held...but will it make a new high or consolidate and roll over...Since the market gave twin pay days where I got all my same stops and entries almost on auto pilot....I letting today have more breathing room to run...just I will monitor the movements with the areas....
Crude Oil WTI Oct 22, 2021 9:01AM ET
So...yeah 76 area held nicely...been a nice trend by the lower time frames...but to get from 76 to here...they are tired.  So will the Daily start to trend finally?  Or will the lower time frames give in and a pull back occurs?  That is few week view...Daily view...81.87 needs a trend marker...will it test to those higher points then fall back for a marker or will fall back earlier...or is there an agenda like the 20th and push to a level that they want...Nov close above 84 had meaning to them...so those are the focus areas...  Meanwhile...nice retest of the .26 area... So...yeah 76 area held nicely...been a nice trend by the lower time frames...but to get from 76 to here...they are tired.  So will the Daily start to trend finally?  Or will the lower time frames give in and a pull back occurs?  That is few week view...Daily view...81.87 needs a trend marker...will it test to those higher points then fall back for a marker or will fall back earlier...or is there an agenda like the 20th and push to a level that they want...Nov close above 84 had meaning to them...so those are the focus areas...  Meanwhile...nice retest of the .26 area...
Crude Oil WTI Oct 22, 2021 8:55AM ET
 could be.  right now a trend is place...not strong and only lower time framed.  Daily has been stalled 3 months..higher ones even longer.  The week is a doji right now...so starting a new quarter....are there buyers here to test higher like many think or not.  We can test 79 area and still be in trend for that...CrudeTrader...which is pretty good at a non aggressive plan even stated... I don't have much to change to my long-term perspective. I will just state the obvious today, the price is trading sideways for the 3rd straight day with the D-1 RSI pulling lower (RSI 72.171, MACD 3.020, ADX 61.398). I still treat this as a trend exhaustion sign. Perhaps the best short-term indicator that can confirm the reversal is the H-4 MA100 which is now at 79.75 and has been holding the uptrend since August 24th. A closing below it for the first time since then could wave a bearish flag for the deeper D-1 MA50 correction. could be.  right now a trend is place...not strong and only lower time framed.  Daily has been stalled 3 months..higher ones even longer.  The week is a doji right now...so starting a new quarter....are there buyers here to test higher like many think or not.  We can test 79 area and still be in trend for that...CrudeTrader...which is pretty good at a non aggressive plan even stated... I don't have much to change to my long-term perspective. I will just state the obvious today, the price is trading sideways for the 3rd straight day with the D-1 RSI pulling lower (RSI 72.171, MACD 3.020, ADX 61.398). I still treat this as a trend exhaustion sign. Perhaps the best short-term indicator that can confirm the reversal is the H-4 MA100 which is now at 79.75 and has been holding the uptrend since August 24th. A closing below it for the first time since then could wave a bearish flag for the deeper D-1 MA50 correction.
Crude Oil WTI Oct 22, 2021 8:43AM ET
81.87 needs a trend line marker...smaller timframes rejected 83.30...the retest of 83.26 will help with the little larger ones... 81.87 needs a trend line marker...smaller timframes rejected 83.30...the retest of 83.26 will help with the little larger ones...
Crude Oil WTI Oct 22, 2021 8:35AM ET
seems like they want something since about 4:30 this morning....82.95 held nicely...so the test near 83.10 possible...so maybe 83.46...83.64 area could be tested.....the clash of the timeframes under 4 HR has begun... seems like they want something since about 4:30 this morning....82.95 held nicely...so the test near 83.10 possible...so maybe 83.46...83.64 area could be tested.....the clash of the timeframes under 4 HR has begun...
Crude Oil WTI Oct 22, 2021 8:29AM ET
nice trend this morning....just riding until it says otherwise...got the bulk out @ 83.10...missed testing there the past few drops...within a few cents so I could not get filled...haha. nice trend this morning....just riding until it says otherwise...got the bulk out @ 83.10...missed testing there the past few drops...within a few cents so I could not get filled...haha.
Crude Oil WTI Oct 22, 2021 8:21AM ET
gj
S&P 500 Futures Oct 22, 2021 2:03AM ET
Why?
16348766158157.jpg Crude Oil WTI Oct 22, 2021 12:25AM ET
16348766158157.jpg
Will save you time...30 year drop like a stone after the China pump and dump arrow on chart...GC...not even got pumped let along a dump.   You may want to back test the other theory about GC and CL relationship....that is pretty popular on the internet. Will save you time...30 year drop like a stone after the China pump and dump arrow on chart...GC...not even got pumped let along a dump.   You may want to back test the other theory about GC and CL relationship....that is pretty popular on the internet.
Crude Oil WTI Oct 22, 2021 12:20AM ET
yeah...CL went up and the other went down in June on the hourly and the weekly or higher is flat versus CL is not.  May I ask which trading source promotes this theory?  Many have posted this info but never back tested it to confirm the results.... yeah...CL went up and the other went down in June on the hourly and the weekly or higher is flat versus CL is not.  May I ask which trading source promotes this theory?  Many have posted this info but never back tested it to confirm the results....