image

WTI Crude Oil Trading

Mag7 is a great way to gain pips quickly and lose pips quickly. A trader needs to have a good grasp of what's happening to be successful with it: see a strong, broad move developing. That's why testing should be done with a demo account for ...

WTI Crude Oil Trading

A couple of years ago I listened to the hype on silver and took a serious beating. What added to the pain was knowing I should have known better! When the markets talk, listen. Do your own analysis. Ignore almost everything else. I might be running ...

The end of the US stock market is nearing

This is from a long term perspective. For me, it comes from the unstable global economic condition--unprecedented debts that cannot be repaid. That would lead to massive wealth destruction. Maybe this year, maybe next, maybe...

The end of the US stock market is nearing

An outline of the problem: Exit Plan A: Close early--don't be on the track when the train arrives Exit Plan B: If acting late, acting fast may be better than slow. If caught by circuit breakers, try options, CFDs, and ... Entry Plan A: Watch charts ...

The end of the US stock market is nearing

I was caught with gold futures longs in '80 when panic selling drove the futures limit down for a few painful and costly days. I was too much of a newbie to have an Exit Plan B ready to go. Well, that's how we learn.

The end of the US stock market is nearing

Equity indices and options will not be constrained, or not as much as the equity markets, but indices and options trading might not get seriously ahead of the equities unless panic is strong and contagious. I expect to be using index futures, ...

The end of the US stock market is nearing

image

WTI Crude Oil Trading

A single data point doesn't prove much -- how about trying for 3 out of 5?

WTI Crude Oil Trading

image

WTI Crude Oil Trading

Opened a small NQ short at 7891. Don't like the choppy market, but placed the short above first upper band (UB!). EDIT Could have taken a modest gain, but let it run so I could be stopped out for a modest loss. I really don't like choppy markets.

WTI Crude Oil Trading

Another pause in the plunge. The patterns following the 2 red arrows are rather similar.

WTI Crude Oil Trading

WTI H4 July remained below EMA20 with bounce and big drop--news driven.

WTI Crude Oil Trading

Lovely!

WTI Crude Oil Trading

Cass Freight Index negative for 7th month, signaling economic contraction: image

The end of the US stock market is nearing

WTI July contract closed 161 pips off of its HoD, while equities avoided a weak close. WTI closed below EMA20.

WTI Crude Oil Trading

The viscosity of oil allows it to be dragged along with equities as they continue their surge into nose-bleed altitudes. Amazing performance in equities as the sheep, the lemmings, and the stupid push us ever closer to Catastropia, the time and ...

The end of the US stock market is nearing

Momentum is upward for now.

WTI Crude Oil Trading

The viscosity of oil allows it to be dragged along with equities as they continue their surge into nose-bleed altitudes. Amazing performance in equities as the sheep, the lemmings, and the stupid push us ever closer to Catastropia, the time and ...

WTI Crude Oil Trading

Looking like a good long. Keep your stops moving!

WTI Crude Oil Trading