When i 1st started out i was blowing 1 account a week and must have blown atleast 50+ accounts before it finally clicked so if anyone tells you they haven't blown any accounts and started making money as soon as they started then they are lying!
I am a successful trader now and haven't blown an account for just over 5 years so now i am trying to stop people...
Fractals and Market Repetitions. When the market crashed from the 2008 highs, it fell 77%. When the market crashed from the 2011 highs, it crashed 77%. When oil rallied after the 2008 crash, it rallied 243%. Now we've hit the lows of the 2014/15 downward move, I'm expecting a 243% rally beginning from the low. That will leave us around $91. After the attack on the...
My wife said i should spend less time around her sisters ( ive told her this leaky tap is a bugger to fix.. its been dripping for 2 months now and i still cant fix it ) ;p
Anyway enough about my marriage issues and lets take a look at oil... After a couple of days of bearish movement from market open this week price finally went into some consolidation today...
Intraday - We look to Buy at 57.30 (stop at 56.50)
Posted Mixed Daily results for the last 4 days. The 261.8% Fibonacci extension is located at 62.00 from 50.30 to 54.80. Dips continue to attract buyers. Bespoke support is located at 57.30.
Our profit targets will be 62.00 and 62.10
Resistance: 60.00 / 62.00 / 63.80
Support: 57.30 / 54.80 / 50.30
Marked on the chart we have a lovely area of support, if you cant see this then give yourself a telling off and look again ( this normally helps me out, but then I answer myself back which turns into a fight... I always win though )
We are expecting some bullish movement this week from oil as we have bounced off this level and we are looking at bearish movement...
Don't be rude!! I was on about how she likes her drinks LONG island ice tea ;p
Can you see why we are long on this trade? you should be able to figure it out as our charts are nice and simple.
Come and give us a message if you would like to learn this way of trading... we could teach a zombie to do it ;p
Clients will get a much more detailed explanation of...