If you want to trade that, you really also want to be watching the Brent/WTI spread. As long as the spread is coming in, it's bullish for WTI. If it starts to widen out again, WTI could see more selling pressure.
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The ACD Method
- Thread starter sbrowne126
- Start date
If you want to trade that, you really also want to be watching the Brent/WTI spread. As long as the spread is coming in, it's bullish for WTI. If it starts to widen out again, WTI could see more selling pressure.
Quote from Maverick74:
If you want to trade that, you really also want to be watching the Brent/WTI spread. As long as the spread is coming in, it's bullish for WTI. If it starts to widen out again, WTI could see more selling pressure.
Maverick74, how can one track brent/wti spread in TOS. I mean in terms of settings- since you use TOS.
Thx.
Quote from mfbreakout:
Maverick74, how can one track brent/wti spread in TOS. I mean in terms of settings- since you use TOS.
Thx.
Use prophet charts and track the ratio of BNO over USO.
I attached the chart with the settings.
Attachments
Quote from atrocious:
Flip -
Do you have a link by chance on CME that describes the 11/17-11/18 liquidations?
Pretty good volume and very sloppy selling in some of the softs today, probably worth a look on any reversal if the selling was artificial.
Thanks
no official link, sent you a pm
Oil looking like it may try to go green today. Holding a decent bid.
Made a different use of acd today, entered a long position I wanted based on daily charts. My stop loss was an a down. It ran 100 pips so I took half off and am letting the rest run unless I get that a down.
Quote from Maverick74:
I'm leaning bullish on the week. All the risk assets are at or near the bottom end of the range and it's a holiday shortened week. This has historically been one of the most bullish week's of the year. Honestly man I just don't see the fear in the currency markets. It's not there. My prediction is we get failed A downs tomorrow across the risk asset spectrum that marks the swing low for the week.
Watch the currencies!!!!
Look for commodities to bottom this week as well.
Still think we get failed A downs today. My A down on ES is 1184.25.
Weekly A down for Gold is 1680.
NYSE volume in 1st hour is 27% under the 3 month avg. Appears the selling is futures driven.