comparing the "old" pattern to oil with highly profitable swings to the way it is swinging ( or not swinging ) now. Then I briefly compared price action of oil to gold.
comparing gold to DXY; potential scaling technique for gold ( probably a little too risky here because of the very bullish three day move higher is the DXY.
Scaling techniques can have a highly beneficial effect you trading results...and "Bale you out" of costly market corrections if you have a working understanding of market dynamics...and you recognize that adding positions also increases your risk exposure...and should be factored in accordingly. Here is an example.
It seems like black magic sometimes how the squares of math lines up with future price. But, using the Gann box can help you look right instead of left. That is powerful.
Trade safe
M~
Hi Guys
Thanks to everyone who recently followed me on here
This is my longer term outlook and what I'm seeing at the moment and believe is a good time to position in longer term trades and bias
Someone brought this to my attention in oil chat and decided to have a look myself and you really do get to see so many tradeable scalping opportunities.
Never bothered to look at oil this way before, but this is very insightful to me, thought I ought to share.
If you are a pattern trader, then you really ought to start analyzing market this way in my...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is the end of July and #GOLD can start the next month with a bull mommentum, the last week the price slow down but this week we have non-farm payroll so we can expect volatility. Enjoy the video and let me know your thoughts about #GOLD.
It is good idea to compare instruments to get a deeper insight into potential big moves. In this 3 min tutorial I show how to create four scales on the right of the chart for four instruments.
To add instruments you use the compare button.
Then us a drop down arrow on the instrument at top left to find Pin to scale.
