When you are a trader it is good to know the probabilities for certain occurrences on your charts. Knowing these things can help you to know when to hold 'em and when to fold 'em. Note you must be logged in as a room member to access the rest of this article. Sign up now to get access.
Crude Oil Mega Break-Out Brewing
Crude Oil does not typically stay in one place for long. We had some massive trading ranges last week and this week so far has been inside that one range from Friday November 28th.
Sometimes you get an inside day inside a D type distribution where the distribution looks like a bell curve or D (suggesting price agreement). Sometimes you get two of them, but right now we have a double D inside Monday's range and Friday's too (see below). Continue reading
The Oil Trading Room E2 Pattern (members only)
The E2 (encompassing pattern #2) pattern is another great trading room secret that works with Mega Bars. Note you must be logged in as a room member to access the rest of this article. Sign up now to get access. Continue reading
Secrets of the Oil Trading Room Rail Road Track Pattern
By Mike Wilt
I am writing this blog article in the spirit of sharing my insights. These are my thoughts and opinions and it is how I see the patterns. I would encourage others to both comment to this blog posting and to share your thoughts, observations and successes in the room. I look forward to hearing from many new voices. Continue reading
Analyzing Ranges in Crude Oil for Intraday Trading (Members Only)
Sometimes it is of great value to analyze how a market organizes itself in various ways. The 30 min chart is certainly used extensively by large traders to balance portfolios and to make trading decisions and it is often of value to know what these traders are doing- especially if you trade on a lower time frame. Note you must be logged in as a room member to access the rest of this article. Sign up now to get access.
How to Analyze Day Trading Charts for Trading One lots In the Live Oil Trading Room
Now THAT’S what I call a zone tag in the live oil trading room
Today was a fairly tough day to trade early on and I expected the market to break higher for various reasons as pointed out in the live trading room, suggesting that the market would look for the next Continue reading
The importance of zones analysis day trading crude oil futures
Today was a trend reversal day in crude oil. These days can be challenging because you have a trend that is going against the larger trend. As more and more higher time frame players are forced to cover their shorts, and new buyers come in, a trend can resume.
Typically as this occurs the market will be trading into Continue reading
M and W Formations in the Live Oil Trading Room
By Mike Wilt
Rob suggested that I write a piece for his blog on the M (short setup) and W (long setup) formations. These are nothing other than ABC formations however they are easy to see once they are formed and exciting to watch as they materialize and you make money off Continue reading
Open Zones and Cycling Trends: Key Concepts for Getting in Big Trades
One of the key concepts we deal with in the Oil Trading Room is that of open zones. An open zone is an area on the chart that is unfettered and open for expansion. Trading into an open zone can help to make you a winning trader in a big way if Continue reading