crude oil inventories

CRUDE OIL INVENTORIES

CRUDE OIL INVENTORIES The forecast for this weeks crude oil inventories was 2.8M and the actual outcome was -8.6M for this week. After the release of the numbers we saw some good volatility but the market was very nerves. We had to wait for an established Support or Resistance area on the chart. Resistance and…

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Trading Range-Bound Markets

Trading Range-Bound Markets A simple truth of trading is that markets are often moving sideways, neither trending up or down. It’s in these sideways market conditions that traders do the most damage to themselves. I’m sure you’ve experienced the infuriating feeling that comes with giving back all your profits on a recent winner because you…

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Crude oil trading tips

Crude Oil Trading Tips

Crude Oil Trading Tips You cannot be successful on the basis of tips. There are only two things required to earn money in the commodity market.  A solid strategy that’s works; Discipline (this is the hardest part). Before talking about strategy, I would like to tell you that to earn regular money from the commodity…

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Day Trading: Financial Freedom

Day Trading: Financial Freedom

Day Trading: Financial Freedom Financial freedom means different things to different people. But, at its core, it is about the ability to make choices that you otherwise would not be able to make. Haven’t you heard that old age old question, “What would you do if you had a million dollars?” Granted, the amount hasn’t…

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DAY TRADING: EXIT STRATEGIES

DAY TRADING: EXIT STRATEGIES

DAY TRADING: EXIT STRATEGIES An exit strategy is integral to any trading plan and is most of the time overlooked. They are so crucial and deserve as much attention if not more as the rules for entering the trade. In this article we are going to look at he ways to exit your trades. 1.…

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crude oil inventories

CRUDE OIL INVENTORIES

CRUDE OIL INVENTORIES The forecast for this weeks crude oil inventories was 2.1M and the actual outcome was 3.6M. From the price action that appeared on the chart after the event, direction was not clear. We had to wait for an established Support or Resistance area on the chart. Resistance and support was confirmed at…

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Chart Patterns

Day Trading: Chart Patterns

Day Trading: Chart Patterns Chart patterns look at the big picture and help to identify trading signals or signs of future price movements,  history repeats itself. The theory behind chart patterns is based on this assumption that certain patterns consistently reappear and tend to produce the same outcomes. As market sentiment shifts from Bullish to…

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Day Trading: Understanding Risk-Reward

Day Trading: Understanding Risk-Reward

Day Trading: Understanding Risk-Reward Ever heard the term never risk more than you can make? Well, it’s a good rule in both gambling and trading. If you’ve ever heard of the blackjack players who “took down” the casinos, well they used risk-reward for their bets. You see, even though they were counting cards, they would…

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crude oil inventories

CRUDE OIL INVENTORIES

CRUDE OIL INVENTORIES The forecast for this weeks crude oil inventories was 1.3M and they nailed the actual outcome for this week. From the price action that appeared on the chart after the event, direction was not clear. We had to wait for an established Support or Resistance area on the chart. Resistance and support…

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