Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs.
Descending triangle has broken higher
Double bottom formation has formed
Price action above Ichimoku cloud
Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed
Expecting further build of tension and possible...
Brief overview on last week and next week. Free trials available for full trade updates and entries. Like and comment for the chance to win 2 months of signals. Winner announced on next video. Min 10 entries! Thanks
US OIL has been in a 2 Hour trend south. The position is still ripe for shorting but only with acceptable risk management and controls. There is a very deceptive RSI hogging the trenches which will be scary. I show how even in a bear market it's possible to exploit going long. In other words if you know what you're doing there's money to be made both ways. No...
Oil has taken a a more decisive turn. I focus on the 4H time frame review other time frames briefly.
My methodology is transparent and reproducible by everybody. I explain in this screen cast how I limit to what extent the market proves me wrong, but at the same time capitalise on when the market says I'm right in my probability estimates.
In this screencast I show two charts where crashes could happen. I focus on Wall Street which - affects markets globally including forex markets.
On the weekly time frame US Oil is beginning to struggle at a 61.8% Fib retracement.
Wall Street is possibly struggling at an important structure level. A whole lot depends on China. But dig deeper. See the CSI300...
I was long on UKOIL on a lower time frame, as there were early indications that it could be heading north. My trend following assessments then changed, as the picture unfolded. I decided to bail out just in time for no loss.
I don't care if it now jumps north. At this point in time - based on what I see - I now think the probability for the daily time frame is...