4.28.20 This is the third video this morning on oil. This is about presses... which are higher tops and bottoms with a minimum of three bars. Because it set up correctly, it was easier to show you the dynamics. I talked about potential scalping techniques that might help you realize more profit potential that might not otherwise occur to you. There is always a...
4.27.20 OIL, gold, DXY, USDJPY : OIL LONG DISCUSSED
Zones created using crossovers of Monthly 20 MA on VIX close & 20 MA of same. Like end of crash in 02 & 09 some bulls and bears think this crash will only be confirmed over when TNX closes month above 1.34. See what happened to OIL, GOLD, and DOLLAR last time (green verticals). White verticals denote VIX peak (no guarantee reached that yet). Caveat small sample...
BITSTAMP:BTCUSD Bitcoin has never been correlated to nothing BTCUSD, 1M, price chart CC, USOIL, 20 CC, UKOIL, 20 CC, DJI, 20 When CC reaches 1, there is a perfect correlation. When CC reaches -1, there is a perfect negative correlation. When CC = 0, there is no correlation at all. Bitcoin has never been correlated perfectly, or perfectly negative...
A couple of people are trying this system I created, both have no previous knowledge of trading. This method is designed for people who are new to trading. This is system is suitable for strocks, forex, crypto, futures etc.They are also using it on an options demo account. Lets see how they go.
HOW TO TRADE MARKET STRUCTURE 1) WE CAN SEE THAT USDCAD HAS BEEN IN AN UPTREND MAKING HIGHER HIGHS & HIGH LOWS. THIS IS DISPLAYED WITH THE A-B-C-D MOVEMENTS 2) AT 'C' WE REACHED A KEY RESISTANCE ZONE AT 1.42500 RESULTING IN THE NEXT PHASE OF THE UPTREND TO CREATE A NEW HIGHER LOW AT D 3) AT 'D' USDCAD BEGINS THE NEXT PHASE OF OVERALL UPTREND AND ATTEMPTS TO...
4.23.20 Oil Price action Part 2 Please give a Thumbs Up if you liked.
USOIL if wedge break 12.21 is first target and if crude turns wildly bearish like Monday don't be surprised if it goes 5 to 6 dollars within a week for another test of 5 dollars.. Hoping if it breaks wedge downfall stops between 12 to 13...Always have 2 %of stop loss since USOil is so volatile...
4.22.20 On this video I describe some issues that I have with the oil market and some of the technical problems that resulted a couple days ago. I tell you what I plan to do, and I will get back to you on that. I also talked about the potential oil trade that a scalper might've taken yesterday, and I expand on that today, and I make some differentiations between...
Crude oil traded at -$40 per barrel and that is a historic move. It will go down in the history books. In this video, we want to show everyone how to track and analyze futures on TradingView, specifically future contracts in crude oil CL1! and CL2!. On TradingView, it's possible to study any futures market and break that market down by each month. CL1!, for...
4.21.20 I set up my charts for futures trading on oil and gold. In some ways it takes a little bit more prep for the futures trading then you might need if you were trading forex. I believe the oil market is setting up for a long trade. I briefly reviewed the gold market and pointed out what might have been a long trade for a scalper or a trader looking for a...
The biggest mistakes and biggest reasons why traders lose keep being repeated. It is more clear when we can see it actually happen. Here we can see the number of holders as well as the increasing money pour in into an Oil ETF while the price is going down. When it will go up those that didn't hang themselves will break even so remind me to check...
Recently someone has digged to find the virus probably started in a lab in Wuhan, and the CCP has tried covering their tracks. Now it is my turn! Almost every one by now must have heard of a cure. And we are told that this problem is very serious and dangerous. So why are we not hearing much of this cure, and why are politicians and the media criticizing it? I...
4/17/2020 OIL weekly chart All the talking heads are saying how the C-19 virus destroyed the Oil and etc. The truth is the oil peaked in 2008 and it is looking to be completing a 5 wave structures down. Currently the oil is in 19 handle I can see Oil may go down to the 17 handle I can also say see that Oil met the minimum requirement to begin moving up from...
While very technical, also historic, dramatic and influential. When there is no market for a certain asset, we don't see a price decline, what we see is market failure. US oil prices plunged well below $0 which is the lowest level since NYMEX opened oil futures trading in 1983.