Thanks. No, I do not trade RBOB yet but it's on my list as I figure out how to calculate monthly A up or A down.
I understand, you do not want to share your levels to protect your stop loss. However, if you can share framework for calculating monthly A up or A down, that will be helpful. For...
Agreed. Here is copper 30 days number line over last 8 days.
-3,-3,-1,-3,-1,-1,1,1
and for ES , -6,-8,-4,1,0,2,6,8.
copper weakness has been quietly showing slowing GLOBAL GROWTH.
Tomorrow if BIG BEN does not weaken $ by further quantitative easing ( who knows which form it will come), US $ will strengthen and equities, commodities etc.. will be under pressure. This is just one scenario but a lot is riding on it.
For me the a late day C up or C down really personify what Mark Fisher is trying to convey as people being trapped in a movie theater which is caught on fire. MF calls these set ups once in a BLUE MOON trades and i have only seen these set ups 6 or so times in crude oil over last 9 months.