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OIL Homework for two of my students.11.25.22 I talked about oil and natural gas. The main discussion was on oil because door stop and reverse patterns that I want my two students to focus. I want them to battle through this, even if this causes physical injury because of a difference of opinion... because I think this will help them. Even if they are not stopped and reversed Traders, The Dynamics of this market support buyers and sellers... even though they may only trade one side of the market. Remember if there's a good setup for sellers and your long, at least you should get out of your long position. Likewise, short in the market and you're coming to strong buyers, you have to get out of your short position. You cannot forget about one side of the market. I had time to look at Natural Gas which came to a potential support area ....And I gave the potential set up with a scaling strategy.
NYMEX_MINI:QG1!
by ScottBogatin
OIL11. 10. 22 I wanted to use the oil daily chart To show you two bar reversals and opening price trades with small stops. I messed it up a little bit near the end of the video, but the first 15 minutes or so I will show you the gist of what I was trying to focus on. Sorry about that. Remember colon it's something to look at if you're out of sync with the market, and all that is occurring is a sequence of losing trades. This probably has something to do with your trade location. Your trade location baby problematic because you may be using oscillators for other tools that really don't have anything to do with a more precise perception of where the buyers or sellers are, and price action.
NYMEX:CL1!
by ScottBogatin
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TSLA GC1! CL1!10. 12. 22 This is turning out to be ABCD pattern Week. That's okay because you should work the heck out of every new tool for weeks>>>>And then you Integrate it with all your other tools. Hopefully you don't use too many tools. You should really use the 382 retracements when you're working with the ABCD pattern. Yesterday hypothetically suggested did you might use the ABCD tool Take long Trades in oil end Gold. They are still holding up... haven't been stopped out. I spent most of the time Tesla.
NYMEX:CL1!
by ScottBogatin
Oil Order Flow - Opens Door To $60.00In this video I offer my train of thought as to why Oil might be en-route to target as ultimate cyclical target the $60. The OFA script breaks down what otherwise would be a very messy and chaotic price behavior into neat and visually clear waves. Remember the two key main features of the OFA indicator: Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude? Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg.
NYMEX:CL1!Short
by FlowState