4.21.20 Yesterday was a challenging day in oil. Some things happened that required a change in strategy and I will discuss the issues. However, my premise that markets can be read with much more precision if you acknowledge that markets expand and contract and that you can recognize the changes, and that you can use certain tools such as structure and reversal patterns and price action to give you an edge as long as you're willing to look for the buyers and the sellers that you will be trading with or against...probability shifts to your favor. The plus side of yesterday is that it forces us to look at CFD's ... including some of the weaknesses; it gives us a chance to look at continuous contracts for the futures markets and how to use them; and most importantly, we will be able to look at markets using the tools we have been talking about. The hard part is changing your thinking process to look for expansion and contraction of markets, looking for structure, price action, and reversal patterns.... so if you get that done, the issues that occurred yesterday are minor technical issues that are easy to work around. This video is 19 minutes and while it doesn't flow as easily as I would have liked, my hope is that you endure the video for 19 minutes and listen to it. There is one caveat that requires clarification: at the end of the video I showed you an impromptu set up for trade based on patterns the way that I look at them. I am okay with that, and I plan to do another video and show you some alternatives to drawing the box, however, be careful of this example because the market closed at its low yesterday and it gapped higher and then corrected lower. This is not a problem but it would be easy to see this as a market where you could go a long and then make a few thousand dollars this morning when in fact the market gapped higher and then went lower. Have no fear because you may have been able to short the gap. Maybe you would choose not to shored the gap. It doesn't matter. The take-home message is that you will be able to trade using the tools that I am showing you. The purpose of these videos is to demonstrate that. You will need to look at the details. You will need to draw the lines. You will need to think about the tools we are using. It will work if you pay attention to details, and the only way to do that is to draw the lines and look at the chart. It is worth the time and effort.