Aggressive WTI and XBR trading thread

My Account Balance increased 120%, I over extended myself and was margined out to 1/4 of my original account balance. However, I managed to claw my balance to the starting amount. At the moment I have a long position, if successful my account balance will be up 30%. $49 plus possible with Equidistant Channel in play.

I am not margined out and the market is not really doing anything? Well, this is where the Forex swaps will begin to eat away at your position. Everyday you hold a position they stick it to you with swaps, that is over and beyond the difference between the cme quote and the price with your forex broker (not constant, it changes) Thinking of using indicators relying on forex broker data, is that wise? There is only one way to trade oil, get the direction right and don’t over margin yourself to where you fall prey to the forex broker.

The difference between the CME and Forex broker is starting to narrow, when the market was trending the difference was almost a $1.00 (HUGE!!!) now it’s starting to move towards (0.50). I have seen the difference as low as 0.10 cents between the CME and the Forex broker. Yes to be fair, the data on the CME website is delayed by 10 min, and the Forex broker is quoting at possibly current pricing, but a $1.00!! Seriously?? What is my point? MARGIN MARGIN MARGIN. Narrowing and Widening that difference can be the kicking you into a position (indicators) or kicking you out of a position (margin).

Yes I am the dumb money (not the end user of the commodity). I can trade up to 10000 barrels of oil with the broker. Hard to imagine trading that amount and the money involved. One day…:smiley: AND AGGRESSIVELY with Maximum leverage. ;). Everyone has to have a dream.

Perhaps trading 10000 barrels is not really a dream. With 100:1 leverage, I can boost that to 500:1. With that kind of leverage, if I get a good run of successful trades I could catapult myself into position to trade 10000 barrels.

As per my previous post griping on the swaps, sure enough I have been dinged with swaps making my long entry that more of a pain. Forex brokers is good to learn and hone trading techniques, when you truly become a winning trader, a futures broker may have to be looked at. Get rid of the middle man! I will keep tossing money at my broker, even if I feel like my trades are being milked for mostly their gain. If you become successful trading through Forex brokers, you will be really success trading directly in the futures market. The great thing about Forex brokers, there is no shortage of them. Start out with a demo account, don’t be pressured into real money deposits until you are satisfied the platform/service they provide is going to work for you. I won’t comment on past and current forex brokers I have dealt with. Don’t believe you need to deposit huge amounts, some have no minimums, others have a $200 USD starting balance.

My long trade actually worked out minus the thieving swaps. After exiting, I re-entered, hit my tp, exited and re-entered again. The move, stalled. Before the end of the day, I exited to avoid the thieving swaps. I know there will be a dip tonight, at that point I will re-enter. I managed to increase my account balance by %60 from my starting balance last week. I am going to do some analysis to determine some entry points and exit points. I am trying to become a skilled trader with assessing direction, entry and exit. The trend is up and a moving towards 50 plus, I will assess some pullback support points and set and pending order.

I don’t think it’s good to enter until the Frankfurt/London session. Wait and see what they are up to and what the run of news is going to be (positive or negative). The fact is we are at an inflection point, this a Sell point or an entry for to the next resistance level. I have to get the direction right or my account will be crippled.

How long will the news that Libya is about resume shipping oil after 1 month stoppage? By morning this news should be in Full Swing. Singapore/Japan session will start to send this down, if not the Frankfurt/London may clue in. This possibly may get pushed up, but Libya is to big to ignore.

Well, I made a good trade and my account was up %100 from the starting balance. I re-entered my sell and the market went the other way. I was margined out at a price that never happened. I will see what the outcome is going to be with this broker controversy. At the very least I am going to get exactly how they calculate margin so I can better predict the margin if the price goes one way or the other. I ride the wire and I want to maximize margin and maximize volume to take advantage of the volatility. I am experimenting with the margin to achieve my trading objective. I suspect this broker has a dealing desk or something although they claim to be ECN broker.

Having just read the whole thread for the first time, please excuse my asking, but what proportion of the funds in your account are you actually exposing to risk on any individual trade, here? :33:

Add the spread to the platform high is the magical number I was magically closed out of my position at. Suspicious to say the least. If anyone suspects STOP HUNTING is not happening, let this demonstrate it is happening!! I suspect the Stop Hunters are the liquidity providers. Let’s have a look at the who the villains are shall we?

To come the Liquidity provider showcase.

3 to 1 I am finding is a good ratio to survive the volatility if you get the direction right that is. I don’t care about funds, I will refund my account if required. What I care about is surviving the trade with my leverage and maximum margin allotment.

Banks Ranked by Tier 1 (core) Risk-Based Capital
• Leading banks by tier 1 capital 2014 | Statistic

Supposedly there are 1000 Tier One Banks worldwide.

Meet your liquidity providers

As I caught the thieving broker red handed they are ignoring my emails. At the moment with my short play I would be hitting my TP. As it is, my balance is crippled unless I redeposit. It’s ok, I will carry out paper trades and hone my analysis until I am ready to toss more money at this thieving broker. I have a number of demo accounts to play with, not a big deal.

NO DEALING DESK EXECUTION
•No conflict of interest between broker and trader
•No dealer intervention in trades
•Price providers do not see your stops, limits, and entry orders
•Competition reduces the potential for market manipulation by price providers

NO TRADING RESTRICTIONS
•Trade during breaking news
•Place entry orders anywhere—even inside the spread
•Rollover transparency—all amounts are displayed in advance
•Receive positive rolls at all margin levels

I pulled this off of another Broker’s website as to why you should trade with them. Interesting about the price/liquidity providers manipulating your trades. The finger points three ways: The Broker, The platform, and the price/liquidity providers. The platform can easily collect data and profile your account and pass this information to the price/liquidity providers. The price/liquidity providers can also get this information handed to them by your broker. Perhaps a proprietary platform is a reason to consider going with a broker.

I have been crippled from playing with real money. I am a momentum trader, if I hit my tp, the next position size will compound each win into larger positions. I will do this until I am significantly up or crippled from getting the direction wrong.

I am still getting over being thieved out of my position last week. So no real money is being traded. I am watching the API, Gasoline inventory accumulating, not good. Crude is now trading higher than Brent, if EIA shows increasing imports, this rally is about to face reality.

This is the week oil will get a new trend direction, down, down, and down. Why am I bear? I don’t know. This rally is long in the tooth, partly. A correction has to happen. I am ready to toss more money in, but I will wait until after the API and EIA to determine what direction I will go: long or short.

I am watching oil but not trading real money. I will be using demo money for awhile until figure out a way to make money. There is a lot of griping by me in this thread. I can be found commenting elsewhere also. I am in Canada, so I will indicate I lost a $1000 Canadian over the last year. My stats show 50/50 of Win/Loss trades. I have other interests i am pursuing, so I will come back to this thread here and there.

The EIA show a drop in inventory for Both oil and gasoline. That didn’t stop the Session Masters and the Broketeers from driving oil down when really it should have kept its march upward based on the bull krap argument. Declining rig counts was used to drive oil up, now increasing rig counts is being twisted to drive oil up. All a sham, really. The oil contract is going to roll over pretty soon, so expect some broketeering to happen to rinse out the long and shorts. It doesn’t matter to the broketeers, your account balance is what they want. The Broketeers hold the cme contract. There goal is to margin you out and take your account and continue on holding the contract until the roll over. Brokers claim to be ECN and have no dealing desks. BULL. Long or short it does not matter, the casino will get your money.

Anyways, one day I hope to find a futures broker and start trading directly. This will not be anytime soon, as I am going to spend more time playing with demo money.

This thread is like twitter hashtags, where are you people at ? Well I am tossing in some new money to give a new and a VERY Unique Strategy a go. Go through this thread, trading of hard knocks revealed. I will not be happy until I can maximize leverage, maximize position allowed and get the timing right. The goal is to double every trade.

It hasn’t worked out so well.