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Oil

DXY Oil11.27.19 Yesterday I uploaded a video suggesting that the dollar was going higher. Today is the follow-up in a quick review of that market. Next I discussed oil and talked about ways of taking profit and scaling entries and exits to make more money with less risk. And then I took an example using the oil chart of how markets are really much more likely to benefit buyers and sellers and not just one side of the market. But depending on how involved you want to be as a traitor, you may or may not want to see the algorithms for both buyers and for sellers as markets can benefit both sides, and it all depends on the trade location and an understanding of the set up and what you can expect for a reasonable target. I did not talk about one other aspect of this on the video, but in transitional periods in the market when markets are about to make significant changes, markets can actually burn buyers and sellers. This is why the market can be so difficult and why most traders fail a trading. I found in my own study of the market over the years is that I had to dig deep into the assumptions and the way that I processed information so that I could change my paradigm... and accept those changes... in order to benefit from the market. I had to change many things over the years.
FX:USOILEducation
by ScottBogatin
OBSERVING CRUDE OIL IN A 1 MINUTE PERSPECTIVE (Visual Only)Someone brought this to my attention in oil chat and decided to have a look myself and you really do get to see so many tradeable scalping opportunities. Never bothered to look at oil this way before, but this is very insightful to me, thought I ought to share. If you are a pattern trader, then you really ought to start analyzing market this way in my opinion. Highlight for this idea goes to @mikkel-j ... Now get pattern spotting guys. BELOW IS A TEST CHART IN 1 MIN TO FOLLOW AND SEE IF PATTERN PLAYS OUT.
FX:USOILEducation
by Dani0
Three Percent Trades: Educational PostThis is an example of how we calculate range movements on a breakout. It comes down to simple math to calculate a measured move. We simply take the high and subtract it from the low of the range. Then you add the high plus the difference to get your measured move. If the trade moves in your favor you will want to add to your winners as it trends higher. You should add to your position on future breakouts of consolidation, and on any sign of weakness we sell half our shares to lock in profits and play with house money. Following this will help protect your hard earned capital and allow you to let your winners run.
TVC:GOLDEducation
by ThreePercentTrades
EW Analysis: OIL + EURUSD + BTCUSD In Positive Correlation?!Hello traders! Today we will talk about correlations in different markets! Correlations are very important to recognize the direction. There are positive and negative correlations, but what we currently see in the FX market (EURUSD), Commodity market (Crude oil) and Cryptocurrency market (BTCUSD) is that they are in tight positive correlation! So, if we respect what market is doing and considering Elliott Wave bullish setups, then we can expect a bullish continuation for the next few weeks soon! As you can see, Crude oil has clear five waves up and three waves of correction back to very important 50%-61,8% Fibonacci retracement, which means that it's already formed a bullish setup and it may easily continue higher in the upcoming sessions! EURUSD is still forming the final wave (c) of a correction that can retest 50%-61,8% Fibonacci retracement and 1.1000 support level at the beginning of the next week, from where we can expect to follow Crude oil within an uptrend! And looking at BTCUSD, just like EURUSD, it can be ready for a decline into wave (c) to a complete a three-wave corrective setback, where 50%-61,% Fibonacci retracement and 10000 level can be tested before an uptrend resumes together with Crude oil and EURUSD. That being said, there are no tick by tick correlations, but from our experience, they always somehow get caught in the end. However, there's nothing confirmed yet, but if Crude oil stays above wave (c), and if in the meantime EURUSD and BTCUSD bounced from projected support levels in an impulsive manner, then we can easily confirm a bullish continuation! Be humble and trade smart!! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITSTAMP:BTCUSDEducation
by ew-forecast
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