Cl!
Daily and Weekly Analysis on US OIL by ThinkingAntsOkUse this as a guide to develop your own setup
Main items we see on the Daily chart:
a)The price is on a key level, we need to wait for Bearish or Bullish Reaction
b)Why this level is important? Because we will have solid clues to think on Bullish or Bearish Setups depending if the price consolidates above or below this zone
c)If the Bearish Scenario happens, we will wait for consolidation on the Support Zone, that will be a Strong Signal to think on a bearish Setup.
d)If the Bullish Scenario happens, we will wait for consolidation, but we don't have a good identified level yet.
e)By the moment we will not enter the market we will just observe the price behaviors on this week
Weekly Analysis
cl, oil, day trade for Sep 27th updateOil might have settled down enough to get a levels idea post out will be watching the red zone for a break, a move above will have us looking to retrace the prior days range and a break below can give a nice short, however i will be looking for a trade inside this range that benefits from one of these mentioned breaks.
oil, cl, day trading levels for Sep 27yhThe levels I am pointing out are directional signaling areas and are not always the trade trigger. after a direction is established for my trade i then need to have a triggering event. The trigger can be right at the break point but often is not and the market will have to provide me some real time info to actually create the trigger so the action can be fired upon. I look at trades as 2 parts one is a directional signal and second a trigger or action point. Action point will be looking at things like possible reward and possible risk and is the action cooperating with the signalling direction.
In the live trading room my software create triggers it is up to the trader to see if the trigger matches there personal risk reward.
I point this out because I have been getting lots of questions as of late on what my red zone means.
I will not be adding much about the market today due to the fact the red zone was broken lower as of this typing and will possibly provide a second post today after the break move has digested.
oil, cl, day trading for Sep 23rdoil has been in a large consolidation for the last 4 sessions and is not showing much direction. I will be looking to long from bottom of red zone and short from red zone top. I will keep doing this until we break from this zone, and when we break a good sized move to a few of the shown targets is very probable.
oil, cl, day trading for Sep 18thOil has had a good sized moves off the big spike up and is now right on top of the upper side of the prior distribution, a drop into this lower distribution should see oil back trading in the same range it was for the last couple weeks. A bounce off this range could see us form a new larger distribution 58 to 63 range.
Today will be watching close for impulsive moves that I can grab a follow through move from.
Join my day trade room for live signals or I do my best to update here around the time of the trade.
crude oil daily update , possible trade plandear traders ,
in this chart i try to explain the possible trading plan for the next months , this is only a theory of mine , but its the only way i see it
i have valuated this chart myself and i give it around 65% chance that it would work.
the red arrows and the blue arrows shows the resemblance that im expecting to happened to complete the pattern and the pattern within the pattern
blue arrows for the main pattern
red arrows for the pattern within the pattern
yellow arrows for the pattern within the pattern within the pattern , you feel dizzy already ? hahahha
anyway , hopefully it will work and good luck
USOIL CL Price LEVELs to watch out for 16-09-2019Here are some levels I think would be worth considering, this is based on volume traded at these levels as well as time spent and over all confluence. If you think these are helpful in your trading please line, share to let me know I should continue to share these in the future.
oil, cl, day trading for Sep 16thMassive opening move and then very controlled low energy follow through so will be looking at the range created to give action clues. I will be looking to trade the red range and then more of a trend trade after the range is broke. targets are on the chart in blue. Orange lines are past major support and resistance.
oil, cl, day trading for Sep 11thVery interesting oil action that could lead to a higher level with 2 important red zones. We have the most current action and a bigger accumulation and distribution giving a well defined trading range and a very distinctive break out zone. Do not expect I will doing much until inventory report is out and then see if oil can break out of the outside red zone, Breaking out or not will control how I react at that time.
oil, cl, day trading for Sep 10thThe current action is not a balanced move and is not happy at this current price so i expect a break out, the red zone will help me decide what way it is likely to run. So either we run in a tight consolidation or we break out and will sit back and let market picks its side and then find a trade that takes advantage of that info. The POW triggers on our screen share will help a lot to pick the trade.