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There is plenty of oil in the tanks at Cushing; however, it matters little if you are short! Is this is bubble that like all bubbles will end badly for some? My “opinion” is yes, but “opinions” matter little in the market. Just ask those who were long crude in 1998.

If he start trading right now, disaster is right around the corner. The system could be incredible, but it will certainly enter a rough period. He needs to get his head straight before trading even if this takes months! Greed is the only reason to start pulling the trigger before he is...

A low barrier to entry and greed make for a combination few can resist. These two reasons alone explain why 98% fail.

While I would never trade the system myself, you might check out an old book, Stan Weinstein's "Secrets For Profiting in Bull and Bear Markets." If I recall, he uses a daily and weekly time frame. You could take his method and trade it on a 10 minute charts. It is as simple as it gets...