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Tuesday, December 17, 2019

SURE! … I’LL TAKE THE CREDIT! … YOU’RE WELCOME!

“Make ‘em an offer they can’t refuse!”

Well, that got fixed quickly … now, keep it FIXED! … I don’t want anymore of this
horseshit, “we’ll put the bid/offer spread anywhere we want to” in crude oil and
let’s see if we can squeeze out a few more buckos from clients … fuck that,
clients aren’t stupid like you think they are … our trading costs matter! … and
with that, I’ll take credit for coming down on PRIMEXBT like white on rice.

So, back to normal trading conditions in crude oil [at least for now, let’s see how
long this lasts before they forget and greed takes over again in the halls of
power] at PRIMEXBT … and with these conditions, a great place to “trade” crude
oil … FX CHOICE still the place to be if you want to position trade, or position
trade the Brent - WTI oil spread, which is my recommended strategy for oil
traders.

Anybody ever see a slower oil rally than today? … I mean seriously, if it was any
slower, molasses in January in Moscow would run faster … still, oil inventories
later in the day and tomorrow morning, most likely keeping a lid on things
… range for the day still very anemic & pathetic.

BTC getting “monkey hammered” on technical selling … quite frankly, it’s been
weak for days on end, and needs a washout to get back higher … plenty of
stories around the wires, all mostly bullshit … 2 great short algorithm signal
trades earlier this morning in BTC, where short positions captured over $100 per
BTC, combined in both trades.

Back to oil, I’m looking at BRENT today, and directly below is the M1, where
BRENT went “buy signal” for the day … it occurred at 12:20 FX CHOICE server
time [6:20 AM EST.] … the actual “buy signal” to get long came a FEW MINUTES
LATER.  Directly below the chart.

click on chart to enlarge

And it’s been on “buy signal” mode the entire day … the chart above simply the
first trade. Those that have the “Traders Course” [TC] know this of course … if
you don’t have it, get it FREE when you open an account through my affiliate link
at PRIMEXBT, and trade crude oil … and today sees BRENT back to a 2.5 cents
per barrel “net cost of trading” at PRIMEXBT … you’re welcome! … until
tomorrow mi amigos … Onward & Upward!!

Have a great day everybody!

-vegas



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