For visual guideline purposes. If you're wondering why oil dropped so intensely, it was foreseeable. Here is a very useful video that predicted this move before it occurred :) www.youtube.com
Golds...it looks like it will prove to be a bear trap...but still has to move higher. Oil did not look like a buy yesterday, but might be generating a buy signal now...but is not an easy trade ( which is why I post "tutorials" and not trades...and that way...you might end up calling me stupid, but you cannot claim that I told you to go long and lost your money ).
Some of the way I use 382's ( and other things ); Some of the problems with shorting highs and how I handle it.
12.20.19 Oil Pound There is a great example of an expanding market.
Looking at structure and price dynamics on oil...through the eyes of buyers and sellers...with emphasis that you need to know where the sellers are if you are a buyer, and where the buyers are if you are the seller....and this is what helps you target realistic targets.
11.27.19 Yesterday I uploaded a video suggesting that the dollar was going higher. Today is the follow-up in a quick review of that market. Next I discussed oil and talked about ways of taking profit and scaling entries and exits to make more money with less risk. And then I took an example using the oil chart of how markets are really much more likely to benefit...
This is about my personal rejection of a few of the quotes ( i.e. Plan your trade, trade your plan ). How some price action is much tougher to trade and is much more difficult to hit bigger targets, or to have smaller stops ( example given...as I see it ).
11.21.19 Oil market expanding to the top of the range. Loquaciously working my way to a conclusion to how the market may behave today.
11.20.10 DXY Gold Oil: a look at reversal strategies factoring risk vs reward...including early risk vs risk from stater entries...and effect on ability to stay with a trade. Talked about 135 patterns.
Who knew that a coil could be the source of so much misery.? A look at oil and DXY/Gold with respect to coils and how this can generate stress and counterproductive trading decisions.
Follow up; some price action talk. Caution with NWL.
gold, dxy, oil, copper, enph.
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.
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.
How to handle difficult trades.
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...