This is a nice example how:
a) price reaches the Centerline (...over 80% of time) even multiple times
b) forks catching price extremes very good
c) action/reaction can be uncovered in the markets (...hi Newton, thanks for your axioms ;-) )
Of course, you just can use the Forks and it's ruleset to catch high probability trades.
But if you dig deeper and "learn to...
I've written about the Saudis before. Although it doesn't get much mention in the press, there's been a war going on there for over two years now and it's going to escalate.
Just yesterday, Saudi Arabia’s government says it intercepted a missile fired from Yemen on it's way to pay a visit to the international airport located in the Saudi capital city Riyadh....
looks to me the price of close in oil is getting ahead of it's self, so try to get a fill to see that reverse. This one will have about a 1K pbr so will shoot for about a $500 gain, however the down side on thins one could exceed 500 also
Summer across the board, making all kinds of fake moves possible. Oil is not an exception, having hard times deciding what to do next. Time to focus on a big picture.
It looks like on Tuesday, August 1st folks were reestablishing their short positions, which were closed at the end of the month, the day before. Hopefully it was a "technical" move and we will...
Crude may bounce if a probe below yesterday's low will fail to follow through
Bullish Butterfly Pattern in December Crude contract:
1.27*XA @ 42.85
2*BC Projection @ 42.90
1.27*AB=CD @ 42.98
<- Structure on the left
Primary targets @ 48.83 & 52.50
I'm looking to go long the December 2017 contract if we hit the target specified on chart. I'm not detailing the money management or the trade plan here, I reserve that to my clients, but we could certainly see a bounce very soon, but we need a flush of weak longs to achieve sufficient negative sentiment for a bottom.
I was expecting a faster rally, but that...
like others, let this drop below red line, then when we pass back above line long front short back.
I would like to know if anyone has used these ideas, if not I will look to post more use able stuff, just don't want to be like everyone else?