Looks like market finally broke out to the upside, a long-awaited move.
Just an observation to help guide. Trade at your own risk..
We didnt release a daily watchlist video in a few days... but we are back! Today we are on a mission to recover some losses from yesterday and get back to reaching our 6.5% profit target for the week. We have quite a few trades going on WTI and many forex pairs so watch this short video and understand what we are doing and why.
Hey all, The video speaks for itself, we are shorting WTI and buying EURUSD, we might take action on USDCAD... but our target for the day is to grab some GBP pips during the BoE meeting! Enjoy the video
For visual guideline purposes. If you're wondering why oil dropped so intensely, it was foreseeable. Here is a very useful video that predicted this move before it occurred :) www.youtube.com
Golds...it looks like it will prove to be a bear trap...but still has to move higher. Oil did not look like a buy yesterday, but might be generating a buy signal now...but is not an easy trade ( which is why I post "tutorials" and not trades...and that way...you might end up calling me stupid, but you cannot claim that I told you to go long and lost your money ).
Some of the way I use 382's ( and other things ); Some of the problems with shorting highs and how I handle it.
Here are the important dates. * The small red lines are supposed to indicate the EUR & USA central bank meeting dates. Looks like February might be dead, with maybe a bit going on in Oceania. May calm, maybe some UK & Oceania going on just like the end of 2019, August dead but who cares, and the rest of the year interesting especially June so just like 2019...
I would not be surprised if we see the fall of the WTI and S & P500 this year. Although there are always alternatives
12.20.19 Oil Pound There is a great example of an expanding market.
Hello traders! Today we will talk about Crude oil, USDCAD and their negative correlation in the market. As you may already know Crude oil and USDCAD are in tight negative correlation, not tick by tick, but they are mostly in the same shape, just inverted. Well, want we to point out is that correlations are very important to get the right approach to the markets....
Dears, thank you for your support us and as you can see on the chart we are waiting for the price of the selling area and with price action, we can go to sell. we will update it from time to time. Good luck
Looking at structure and price dynamics on oil...through the eyes of buyers and sellers...with emphasis that you need to know where the sellers are if you are a buyer, and where the buyers are if you are the seller....and this is what helps you target realistic targets.
11.27.19 Yesterday I uploaded a video suggesting that the dollar was going higher. Today is the follow-up in a quick review of that market. Next I discussed oil and talked about ways of taking profit and scaling entries and exits to make more money with less risk. And then I took an example using the oil chart of how markets are really much more likely to benefit...