Counter trend trade Crude Oil? Why?

Discussion in 'Commodity Futures' started by MarketAddict, Mar 16, 2015.

  1. I may have to go over there.
     
    #11     Mar 17, 2015
  2. traderob

    traderob

    first I consult with Marketsurfer to see if any announcements are coming out on the euro or such and such. Then to hedge I look at the Support Resistance as DPphoenix advises.

    Finally if the moon is in the right phase I cut a chicken and see how the blood runs.

    All in the probabilities..
     
    #12     Mar 17, 2015
  3. moonmist

    moonmist

    Dear roberk,

    The first option, and the last option are too high tech for me.

    I'll go for the low tech stuff, namely, support and resistance.:D
     
    #13     Mar 18, 2015
  4. traderob

    traderob

    actually support and resistance are helpful.
    I also have the news on ( Benzinga pro). see the market move 50 tic up (just before the oil inventories news, and then down today . And now chopping around. It helps to keep an eye on different factors I find.
     
    #14     Mar 18, 2015