Absolutely - very nice bottoms begin on 5min charts... I don't believe in swing trading crude ;)
I'd say it was indeed a very nice bottom: [IMG] And today's setups did not disappoint: [IMG]
Today served up another example - 2 trades. Trade #1 brewed from London lows and hit both likely as well as aggressive targets. Trade #2 hit its...
Drawing fibs this way uses them as attempts at S/R levels or Pivots. Maybe they respect a fib line and maybe they don't - I was never able to...
The fibs are definitely drawn unconventionally. No predictions, only probabilities with range expansion. The fibs are drawn as an easy way to...
3 trades on a tricky EIA crude news report. London session had a nice long 30-60 ticks. Typically stay flat prior to EIA news. Well placed entry...
Another LOL - if there are setups that give 15-30 ticks on CL with 80% probabilities and great risk:return profile, then ??? Many days offer...
LOL - there is no right or wrong way to draw fibs, however, they are an amazing tool. There is no 100% anchor point that is off (or on for that...
Hats off to anyone willing to keep a journal, and openly sharing/reflecting on winners, losers. Everyone has their individual reasons to share,...
They may be trying to goose this with 'press releases', but the tape reveals today was a great day for shorts - run 'em up, spit 'em out, and...
Slow Friday as she recoils prior to Baker Hughes Rig Count - only 2 trades today. Agreeing with @Buy1Sell2 that 4775s are an inflection point:...
EIA - EAI - Oh! Nice EIA crude inventory price action. 2 trades today, first one was hard as blazes to hold through news, but that's what...
When GS openly shares their trading thesis, it's often a great time to take the other side ;)
EIA - EAI - Oh! Nice EAI crude inventory price action. 2 trades today, first one was hard as blazes to hold through news, but that's what...
Slow day - only 2 trades: [IMG]
LOL - MACD, ZLACD, SHLACD, TA, EMA, EMU, EMEA - whatever works for those who know how to read the tape, order flow, and manage risk. Long, short,...
Never confuse price with value...
Lol - light, sweet, and always crude - there is no point in forecasting, just trade it! She goes up, she goes down, and feasts on the stops of...
[IMG] Thanks - great day for crude - have a good weekend!
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