OIL CLOSED, THANK GOODNESS

“Nothing you will ever read sums up oil better than this!”

Oil today, for all intents and purposes, closed for the Labor Day Holiday … can we

just keep it closed until price can actually go somewhere? … all we’ve seen for

weeks on end is reaction to headline news … oil inventories roulette, a Trump

tweet, China trade deal headlines, Vlad’s energy minister, etc. … the net effect

being very sharp moves followed by nothing until the next time … if your trading

oil, how the hell do you stay ahead of this game without getting mugged, then

getting taken out back of the shed and shot in the metaphorical head?

The algorithm that was over in 🙶Download Links🙷 was an M5 that did very well in a

trending market … it didn’t do well in this current environment of 🙶speed of light

trading … crickets!🙷 we find ourselves in now … is there a better way?

And the answer is YES! … in fact, our NEW proprietary oil algorithm is so much

better, today I’ve taken down the old algorithm, and the new one will be available

shortly, within the month of September … and it will cover scalping [or day trading

if you prefer], as well as position trading during the week if that’s your style of

trading … and it will perform like you want under almost all conditions oil throws

at you … I said almost … 2 trading scenarios where probabilities of losses rise

above 50% … 1] either an individual day OR the 20 Day Range MA [see Sunday’s

blogs for the current week, each and every Sunday] is below 80 cents per barrel

for a daily range … and 2] either the days range exceeds upwards of $5 per barrel,

OR the 20 Day Range MA exceeds $3.50 per barrel … in other words, completely

bat shit crazy trading conditions … both scenarios apply to WTI & BRENT ... taken

together, both scenarios should involve less than 1% of ALL trading days in oil.

I said yesterday, and will say again, the MT4 CHARTS that I’ll be posting on oil,

once the algorithm is available, will be utilizing a 3 cent bid/offer spread

… whether you trade futures [regular or e-mini] or a CFD, whatever platform

you’re trading on will be very close to what I post, and the charts will look exactly

the same.

Enjoy your Holiday today … onto tomorrow and the week at hand … until then mi

amigos … Onward & Upward!!

Have a great rest of your Holiday weekend everybody!

-vegas