An update from the last summary: Stating the obvious but the recurring pattern did not play out.
This was a painful past couple of days but some realizations that I will walk through here for anyone who may be on a similar journey or realizations.
“Buy high and sell low” or “buy support and sell resistance” are simple words to speak, to walk through in back...
This study will walk through several concepts in analyzing crude oil. The primary chart type will be a Renko chart with the block size (ticks) set to 25 (0.25 in TV) and with a timeframe set to 15 minutes. The significance of timeframe is that in TV, it will take this amount of time for the price to maintain a full block change (25 cents) in order for it to be...
This will serve as an update to the previous discussion specifically to some of the chart settings and the approach.
Going into the open on 25-March-2024, I was looking for price to move lower to test the monthly and yearly Camarilla R3. My reasoning was that neither seemed to have been tested yet and that these two together would provide a good level for...
Indicators used:
1. Pivot Points Standard (choose Camarilla daily and leave only S3R3)
2. Pivot Points Standard (choose Camarilla weekly and leave only S3R3)
3. 3 Day Rolling Pivot (Rolling Pivot Range)
Good luck!
Camarilla is the one of the best indicators, if not the best. It is better than classic pivot points.
It detects the most important daily, weekly, monthly and yearly levels that you would have hard time to find yourself.
It is leading indicator and plots ahead of time (day, week, month, year) and its static, does not change.
It is a rule based system of its own...
