Oil
Frustrating times3.3.20 Oil. Everyone runs in to frustrating times when trading. Frustrations can be due to a number of reasons. Taking a break from training is one obvious solution, but I have some other solutions that are not so intuitive which of work for me. Since I only had 90 minutes for the video I had to scurry forward to cover the topics that I wanted to discuss, and I also wanted to read the markets on different time frames and related to how your trading can be affected. Probably too much information into little time, yet I think this video can be helpful in a number of ways if you listen carefully, and you take some time to draw some of these lines and work through the process on your own chart. Obviously I do not know all markets, but my belief is that these patterns are universal and that price action is due to human behavior, and that all you have to do is understand the thinking of other people, including those that have more influence on the market than you do and they can influence nonrandom behavior in the market. Even if you don't agree with every premise, my experience is that these patterns are highly repeatable and require some time and introspection regarding your own analysis, and this should have a beneficial effect.
CFDs on WTI CRUDE OIL 1HHOW TO USE 200 EMA TO BUY COMMODITIES.
1 - 200 EMA standard measurement of bullish
or bearish trends in commodity market.
2 - MA breakouts have multiple false breakouts.
3 - Wait for a breakout and then a retest of EMA.
4 - Buy at breakout of high of breakout candle.
If you want to predict which commodity trading levels are worth to base your trade-off, then look no further than the 200-day moving average.
The 200-day EMA is regarded as being the standard measurement of bullish and bearish trends in the commodity market. However, a breakout of the 200-day EMA is not always a reliable signal. The reason is that like with all technical indicators it’s prone to give multiple false signals.
A simple solution to this very common problem is to wait for the breakout of the 200-day EMA and a retest.
This means that you can buy/sell commodities at the first retest of the 200-day EMA.
Now, we know that not many traders have the right amount of capital to invest in the long-term.
Holding a position for a yearlong period is not suitable for everyone.
If you don’t have a big account balance and the patience to ride the cyclical commodity trends, you’re better off if you stick with short term commodity trading
PrimedTraders Daily Watchlist: Lots of assets in playWe didnt release a daily watchlist video in a few days... but we are back!
Today we are on a mission to recover some losses from yesterday and get back to reaching our 6.5% profit target for the week.
We have quite a few trades going on WTI and many forex pairs so watch this short video and understand what we are doing and why.
Gold OilGolds...it looks like it will prove to be a bear trap...but still has to move higher. Oil did not look like a buy yesterday, but might be generating a buy signal now...but is not an easy trade ( which is why I post "tutorials" and not trades...and that way...you might end up calling me stupid, but you cannot claim that I told you to go long and lost your money ).