Counter trend trade Crude Oil? Why?

[Money Trust]

Don't feel bad.
That's pretty much all anways does on this forum, lol (with the exception of the ES journal)
Trade2win has much more people willing to put their balls/reputation on the line and calls real time trades. Maybe it's because they're mainly all European!

I may have to go over there.

 

[traderob]

Hi Folks,

Is it me or a fact that crude oil has more V-turns (or inverse V-turns) recently ? How would you guys handle these turns ?

CL is still a running market. I do not like to sell at the top or buy at the bottom. However, if I wait for well-defined higher low or lower high, I'll miss a lot of opportunities.


Thanks.

first I consult with Marketsurfer to see if any announcements are coming out on the euro or such and such. Then to hedge I look at the Support Resistance as DPphoenix advises.

Finally if the moon is in the right phase I cut a chicken and see how the blood runs.

All in the probabilities..

 

[moonmist]

first I consult with Marketsurfer to see if any announcements are coming out on the euro or such and such. Then to hedge I look at the Support Resistance as DPphoenix advises.

Finally if the moon is in the right phase I cut a chicken and see how the blood runs.

All in the probabilities..

Dear roberk,

The first option, and the last option are too high tech for me.

I'll go for the low tech stuff, namely, support and resistance.

 

[traderob]

actually support and resistance are helpful.
I also have the news on ( Benzinga pro). see the market move 50 tic up (just before the oil inventories news, and then down today . And now chopping around. It helps to keep an eye on different factors I find.