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Cl1

OIL8. 2. 22 This is a follow-up on oil. I want to show you how to assess the market a little more objectively, and manage your trade decisions when you have more information. I would be a buyer in this market yesterday. Today is a little bit more complicated, and probability is working against my long position even though the market has not yet taken out Support. I'm trying to make a probability assessment in a market based on the market, and not on my fear of losing money. Not just that, the market has a chance of moving to my initial target which is about $3,000 hire did my entry...And I don't want to miss that reward. Near the end of the video I'll tell you why I think this kind of scenario happens more often than not for Traders.
NYMEX:CL1!
by ScottBogatin
1
Oil7. 30. 22 I think it would be helpful to review some of the points that were made yesterday on the oil charts before things happen, and I'll show you how just a little bit more information not only as clarity, but helps you organize trade and fries and also targets. Will was actually a difficult market to trade after the open, and after that video. you could have made a lot of money after the video, put the market Was volatile, which is good if you're Trading is the right direction. He was a fast market, and that's good if you can handle that kind of a market. Take a look and see what you see.
NYMEX:CL1!
by ScottBogatin
CL1!7.13.22 OIL Part 2 I think it helps to look at part 1 before you look at this video. The video speaks for itself because it shows similarities and also differences and this is helpful if you recognize the differences because you trade markets differently based on some of these patterns. Not all patterns and differences in volatility will be equal for you. You may find that you prefer some markets more than others and you'll become expert at those patterns, and you will be more comfortable with those patterns. If you're trying to sew up a hand laceration, it's a lot easier to do that with a magnifying glass then it is to do it with an electron microscope. On the other hand, now that I think about it, it's frequently easier to trade a 4-Hour chart then it is a 30-minute chart. The 30-minute chart has more data, but see for our chart shows you things did you will not see on the smaller time frame.... plus you have work time to take more coffee breaks with the higher time frame.
NYMEX:CL1!
by ScottBogatin
CL1!7.8.22 CL1! It wasn't pretty but I think I was able to focus on the significant support and resistance areas. I showed a two-bar reversal near the top. It did move lower, however there were support lines where the market had gapped hire and we had to deal with this. In fact, we ran into a two-bar reversal add support not so far away from the two-bar reversal the triggered the short trade. In short, we had to work hard for our money. The setup was a little complicated in this case, and the truth is I know this because I know where the support levels are, and yet I want to make the trade. When you trade lower time frames, this becomes a significant part of the trading process, which can be a little stressful. There is another aspect of this which is very important, and I did not explain this in the video because I was struggling to make my point before I ran out of time, and that is you have to be prepared the change your mind and quickly change your position in the market and that is something that will not be easy for most people, including myself. It also requires constant, or nearly constant screen time and you have to decide if that's really the kind of trading you want to do. On the other hand, you can make a lot of money doing this. It will restrict the number of markets should be able to follow in a given period of time...On the other hand, you can trade larger positions if you're good at this.
NYMEX:CL1!
by ScottBogatin
CL1!7.7.22 CL1! went up about 8 points in the last day. In this video, I gave a general review that I believe accurately reflects the market dynamics for what happened here. It will be much more useful if you listen to the video. You will see where the buyers and sellers are, and you will see reversal patterns. It is important to review the graphics if you want to understand the process. Tradingview is going to filter my videos in some way because of things I am not doing. If my students can follow my posts despite the filters, I can settle for that. However, I still felt that I had to express my point of view. Tradingview provides a good service, and I think I provide a good service with no cost to those who care to listen. Everyone has the choice to push the ''unfollow' button if they prefer to not listen to my videos. If I owned a business, I would want to run it my way, and I have no problem with that.
NYMEX:CL1!
by ScottBogatin
6