sorry, that was directed at Kwame.

The $50 level is where the current (front month CLH2020) minus the CLZ2020 (December) has gone flat. Part of the trade structure of hedge funds has hit a speed bump. Should the front month get cheaper than the December contract, its a more bearish ...

Commodity Spreads are where the serious amounts of money are being traded. Spread trades in general for that matter. One really good reference tool for studying the action of Spread Trading is spreadcharts.com url Click on the "go to the app" ...

Nice work on the post! It's safe to assume that the builds are the restocking of inventories while oil is "out of season". Referencing the Seasonality of the Crude vs Nat Gas relationship. Crude tends to top off in the late spring (U.S.) to mid ...

Don't forget to calculate the broker spreads into your exits. On oil, during times of high volume/liquidity, its narrows down to about 4 cents above and below price quotes, which is the Midpoint price! Bake that into your entries as well and you'll ...

Great thread you have "The Fool". I personally have been experimenting trading options of stocks which have earnings releases in the near term. Looking for depressed price action with upcoming volatility. I look soley for OTM call options of stock ...

@PAStalker Keep in mind, we are only mid-month. We could easily see that "gap" filled by month end. @ nonLinear Great post, got a laugh out of it. When there are only 13 or so banks and you are the top 3 or 4, You are on the top of the food chain ...

@skenobi, Thank you for your feedback, I appreciate it.

@srmfx Thanks for the reply! I appreciate it. I've been tracking Fix for quite a while and it certainly seems to be an established fill level that is used in the immediate days that follow it but I have never found any piece of factual information ...

Fantastic thread. Love the intel offered by the pro's !!! I have a question please: Did the daily Forex Fix rates play a role in your entries and exits. I imagine they are in place as a means of reference for the instutional trading firms. Thanks! ...

continued, we see price worked within the last WRB top and bottom. The first bar after the WRB closed up, inside the WRB, indicating retracement price action to follow. sjc image

continued.... We see that the bar indeed closed lower and actually became another WRB. Downside targets remain. I'm still working with/learning how to utilized WRB best, you will see there is an additional support/resistance level added on the WRB ...

@ TraderinSD, Thanks! Here I have a EuroUsd 4 hr chart. I see some obvious targets below offered by a WRB from the prior weeks. I add a median (dashed blue horizontal). Very interesting price action in the recent past: something you have mentioned ...

@TraderinSD, Here is how I see how to read a chart with WRB: 1. WRB draw my attention to a specific point in price action. The WRB is either a move to Supply/Demand or a repricing of an Fx pair after a high impact event. 2. I mark the open and the ...

@TraderinSD, Another chart that is offering some great points of interest, AudUsd. sjc image

@TraderinSD, Thanks for the compliment. Just trying to help/offer my experience. My apologies, I didn't realize my cursor(blue dashed x,y lines) were blocking the image. I look forward to more posts within the thread. sjc

@TraderinSD, Great thread you have created. This is the way I wish knew how to trade BEFORE I actually started "trading"/losing my funds years ago. Keep up the great posts and education of how retail traders should be looking at price action. Since ...

And there we go, GDT rises 3.6%, and whole milk powder rises 5.3%

Karpa, Thanks for the link. In my experience of trading, long term forecasts can be very misleading. We need to know what will happen this week, today, tomorrow and trade on that information. Trading on "fundamental" news has burned me every time. ...

When talking US$ strength, I don't think you can count that against the Kiwi. If you look at all the Major US$ pairs, Kiwi has been the most resilient. It's the outlier. I trade GbpNzd almost exclusively. It's been amazing how the Kiwi has been in ...