glennjoy1

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Markets Allocation
100 % commodities
Top Mentioned Symbols
CL1! 75% | 3 CLF 25% | 1
glennjoy1 glennjoy1 CLF2016, 240, Long ,
CLF2016: Crude long play
19 0 2
CLF2016, 240 Long
Crude long play

I just went long the Jan contract with a target just below 40 I have a stop loss at the Bollinger band 0.5 SD lower level.

glennjoy1 glennjoy1 CL1!, M,
CL1!: WTI support at 30.00
166 4 1
CL1!, M
WTI support at 30.00

Ok..Where is the bottom in crude? That is the 60 billion barrel question! If only we knew...so I had a look at the monthly line chart for WTI and saw that at several major peaks in the past crude then fell 70% before a bottom was formed. OK it's only a small sample statistically and you wouldn't bet the bank on it BUT the new current projection feels somehow right ...

glennjoy1 glennjoy1 CL1!, 240, Short ,
CL1!: Crude still in down trend
162 0 2
CL1!, 240 Short
Crude still in down trend

Looking at this 4hr chart it is clear that bears are in control as there is nothing at all to indicate a change of trend. In fact it looks like crude could fall even further to the late 30's or early 40's looking at the Fibonacci channel 0(34.18). The reason I chose this channel as the first point of reference is that it signified the base line to which the market ...

glennjoy1 glennjoy1 CL1!, D, Long ,
CL1!: Crude Long Entry System with a current buy signal soon
47 0 0
CL1!, D Long
Crude Long Entry System with a current buy signal soon

This is a very simple system to go long using the CM Williams Vix Fix and the 9 period EMA. As Chris Moody suggested (you produce some amazing work Chris..just thought I would throw that in) a useful alert is when the green bar of the CM Williams Vix Fix changes to grey (ie the next bar after the last green bar) indicating a bottom may have formed. Now I use the 9 ...

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