Wave Analysis
Core rules to trade with Sinewave & MomentumHope this educational content will help you make a better use of the indicators.
Remember that these rules are just ground rules. Positions sizes and stops positionning will depend on your own risk profile.
This is up to you to find your comfort zone on these parameters.
Indicators used in this video are : PRO Sinewave & PRO Momentum
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
You can check my indicators via my TradingView's Profile : @PRO_Indicators
Kindly,
Phil
EUR & YEN Futures - Use of Commitment of Traders data Commodity & Futures Trading Commission gather data from various Exchanges and compile which are then released and are available on their
Websites - www.cftc.gov
Commitment of Traders Data = COT (abberiviation)
These data are released on Friday of Each Week after Market Closes. They are based on Positions as close of Tuesday of that week. These are compiled to show 3 main groups which are:
Commercials = Banks, Broker/Dealers (Hedging the Risk), Producers, Wholesalers, Or Commodity Users – Either looking to Hedge Risk or Receive or Send Delivery
Speculators – which are:
Non-Commercials = Money Managers, Hedge/Leveraged Fund Mangers, who are Speculators and are not looking to for delivery or receiving one on settlement day
Non-Reportable = Still large traders, but a whose positions falls below the threshed to be classes as Non-Commercial
Non-Commercials have Research Departments manned by Fundamental and Technical Analysts. These are then use by their trader. Therefore their positions reflect both the Fundamental and Technical analysis and can be viewed as Hybrid.
Their sudden change from week to week of significant amount or percentage and their overall net long or short compared with historical behaviour can be used as what might be deemed as relative extreme together with Open Interest and Technical Analysis can provide interesting and useful insight in the strength of the trend or possible reversal.
See the linked EURUSD chart and a video publication of Oil for further details on how I have used them. Below is a link of examples of the weekly data released for Futures for respective Instrument: drive.google.com
I hope it will helps you in your own application of this to your Technical Analysis.
Thank you for viewing my video and welcome comments or questions.
DanV
Crude Oil at critical juncture – might make a bearish reversalFor more details and background please read my article on Long Term Analysis of Oil published recently at www.talkmarkets.com
OPEC meeting is schedule on Thursday the 30th November 2017. It is widely anticipated that OPEC members and other cooperating oil producing nations will agree an extension of the production cut beyond March 2018. It remains to be seen if they will and in what form. Any disappointment could be a big catalyst in which the saying “buy the rumour and sell the news” might hold true.
Please see the accompanying charts and comments in the update section below.
Conclusion: If the reversal of price is confirmed, then it could offer several ways of taking bearish position either directly OR Oil related Stocks and ETFs.
Warning: This is my interpretation of price action using TA approach that I consider helps me most but could be completely wrong. Therefore as always, do your own analysis for your trade requirement and ignore my views.
For those who appreciate my analysis, select to follow me and the chart for notification of future updates. Indicate you like my analysis by thumbs up, comments and sharing it with others. If you have an alternative idea then, please be constructive and share for all to learn from.
Thank you for taking the time to read and view my analysis.
DanV