4 hour chart is in a downtrend. The candles are red.
1 hour chart is in a downtrend. Candles are red.
CCI is below -200
Look for the first supply zone on the 5 minute chart that breaks structure.
Enter trade at the bottom of the wick that formed the supply zone.
7 minute video with step by step instructions.
We took another advantage but this time it was short in MCL futures to take a risk reward ratio of 1:5, I took my profits earlier due to the complexity that the market was having to reach my target profit, but without breaking my trading rule. I done for the day. Have it a good weekend everyone.
Clearly we saw less strength in the bearish trend and we focused on market analysis to be able to take advantage of a long and be able to make a small profit on the MCL FUTURES.
10.27.23 7:30 am In this video I run down a list of markets including the dollar, the es, oil, gold. I ran out of time on this video.... but you want to look at the oil chart on a daily chart and a 4-Hour chart because it had good triggers at the top and the bottom of the range which was over two points which is more than $2,000. I am okay with the ES as a short...
2.25.23 This is probably a good video to look at... not just because it's oil and oil does the kinds of things that happen here... but it's about how the market really has to set up for trades before you take a trade... and it would have been very easy to get in trouble with this market even if you have small stops... because it was probably going to hit your...
In this update we review the recent price action in crude oil futures and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
In this update we review the recent price action in the Crude OIl futures market and identify the next high probability trading opportunities and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
October 9th 2023 5:00 am Most of the markets that we have been watching have been trading lower and had reversal patterns to go higher and most of them have gone higher since the reversal but it wasn't always easy trading. The ES hit the 382 and it started to move lower which normally means that the market is going to make a new low, But I really thought there...
Some time ago we looked at this and identified a longer term base, which offered potential for a move to 100.00+. The market recently peaked at 95.05 and has seen a strong correction lower, which has halted ahead of the 81.05 50% retracement. We regard this now as the short term floor for the market and maintain our longer term a bullish bias.
10.5.23 We took a look at silver it was set up to go higher but it's coiling at the base and we'll just have to see what happens. This was not an easy trade. It might break a little bit lower but it could still be a decent long trade if it extends a little bit lower but then finds Buyers. I thought it was important to look at the monthly chart to see if there...
Details in Video.....took this as a goldfish entry....took profits quickly but wasn't suppose to. Price retraced a bit then proceeded to go lower later
Detail in video...took this CL trade which I rarely trade.....took the low hanging fruit at .5 even though I do feel it would have been better to wait for higher target at TDRC or Max Ext
September 19th . Silver is a bullish move higher that just corrected but still looks like it's going to continue higher. Oil continued higher today. I ran out of time on the video to show that it had a mild ranging behavior that doubled to the new high where I would expect to find some sellers but there Is no evidence of that yet... but will be on the lookout.
In this update we review the recent price action in the crude oil futures contract and identify the next high probability trading opportunity and price objectives to target
PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
