Someone brought this to my attention in oil chat and decided to have a look myself and you really do get to see so many tradeable scalping opportunities.
Never bothered to look at oil this way before, but this is very insightful to me, thought I ought to share.
If you are a pattern trader, then you really ought to start analyzing market this way in my...
This is an example of how we calculate range movements on a breakout. It comes down to simple math to calculate a measured move.
We simply take the high and subtract it from the low of the range. Then you add the high plus the difference to get your measured move.
If the trade moves in your favor you will want to add to your winners as it trends higher. You...
Hello traders!
Today we will talk about correlations in different markets!
Correlations are very important to recognize the direction. There are positive and negative correlations, but what we currently see in the FX market (EURUSD), Commodity market (Crude oil) and Cryptocurrency market (BTCUSD) is that they are in tight positive correlation! So, if we respect...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
A major mistake traders make is to assume that in order to be profitable you need to use so many tools and it's in fact the opposite.
Let's start off with basic support resistance. We know the market moves up, down and side ways. But it never moves straight up or down. As it moves up or down it will meet levels of support and resistance. It's important you...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
This is intended more as educational material on a strategy for using renko charts. To begin with, I'll be using USOil in the examples but will include other markets as I continue through the series. The material is not intended to prescribe or recommend actual trades as the decision to place trades is the responsibility of each individual who trades as they...
hey guys,
on WTI we have a perfect example of Inside Bar candlestick pattern on a daily chart.
An inside bar is a series of bars or sometimes just one bar that is contained within the range of the preceding bar (mother bar).
The first rule that we should take into account is that inside bars must have a higher low and lower high than the mother bar.
The...
US Oil presents some serious challenges for those looking to short this market.
This analysis is time frame dependent. Which way you might want to go depends entirely on trends in respective time frames.
DAILY PICTURE
1. On the daily time frame this is very much a bull market. We can see that in the ATR (amber trendline) and the green Guppy investor zone.
2....
Made this for someone in the chatbox, but thought newbies or so may find it helpful to try out themselves too, so bon apetite all.
P.S. if i ignore any questions after today then it is because today is my last day off work. After this, it is back to being a slave to the system lol.
This is the channel oil is obviously following, trade within and watch out for a future break in trend.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes only.
Oil on the 1day view and possible targets outlined, trade within and/or watch out for a future break in trend.
If oil does stay within channel then expect a drop from around 60.90 - 61.30
If market breaks up then next big target region 67.60 - 68.00
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes only.
