Slight difference in preferences.
I observe your reality but live my own.
EurAnalysis Kindergarten 24 replies
DislikedCGB hi bud, is there any particular way you trade oil. you mentioned it to me a few weeks ago. i have been trading it since not too often using a simple resistance/support idea and am quite successful but i'm beginning to think i am just lucky lol.Ignored
Dislikedclosed majority of shorts, left one small position open on the table to see if we can make a break
reasoning: testing lower trend lineIgnored
DislikedCGB hi bud, is there any particular way you trade oil. you mentioned it to me a few weeks ago. i have been trading it since not too often using a simple resistance/support idea and am quite successful but i'm beginning to think i am just lucky lol.Ignored
Dislikedclosed majority of shorts, left one small position open on the table to see if we can make a break
reasoning: testing lower trend lineIgnored
DislikedThen you're obviously doing something right if you're getting green pips.
I trade crude based on support/resistance and trendlines. Also key with crude is multiples of .20 cents. If price falls below round number support, more often than not, it will drop and bounce at the .80
If it moves above a round number support, watch for the .20 number.
If you look at crude right now, it just moved up from $93 and stopped at $93.23 before turning around. In the early London session, it dropped below $93 and stopped at $92.80 before turning around....Ignored
DislikedThanks I thought I'd notify anybody hoping for a quick breakout.
On another note it's a positive sign that the boys are setting targets by fibs. Hopefully livelier action ahead than in the past few weeks...Ignored
Disliked...If I am beating a dead horse, PT would you please tell me to STFU. ThanksIgnored
Dislikedinteresting observations cgb, I'll have to keep my eyes open for that kind of activityIgnored
DislikedAgreed - now we'll see if the confluence of the rising T/L off the 60m chart + MS 3 and the xx50 at the 100% expansion level becomes the target for the NY guys.....TWTIgnored