“Trade oil they said … how bad can it be they said … my account is dying!”
Directly below, this week’s 20 Day Range MA in WTI Crude Oil.
click on chart to enlarge
Hanging up around a $2 range for the day, oil is putting in the ranges, the problem
is twofold … 1] moves are coming outside of the normal U.S. session where
bid/offer spreads are higher, and 2] moves in the U.S. session are coming on
news headlines, Trump tweets, and the oil inventories roulette wheel … 🙶speed of
light or crickets🙷 … that’s what we’re left with these days.
I’ve finished the proprietary trading algorithms for our 3 main markets … XAUUSD,
GBPUSD, & DOW30 … which is the traderzoogold blog … and over the next few
weeks into October 1, I’ll be finishing our secondary group of markets … that will
be adding the SP500 & NDX100 to the DOW30 trading course, and then sometime
in September I’ll have the WTI & BRENT Crude Oil algorithm for the oil course,
using a 3 cent bid/offer spread MT4 trading platform, and finally a course for the
Hang Seng 50 Index, utilizing a 5 index point bid/offer spread on the MT4.
So, no matter how you want to trade crude oil, whether you prefer WTI or BRENT,
whether you trade a CFD, the regular futures [1,000 barrels per 1 lot], or the e-mini
futures [500 barrels per 1 lot], the MT4 charts I use will be very, very close to the
market you’re actually trading … same with the Hang Seng 50 stock index.
Right now, the plan is to have them all finished and available for my readers by
October 1 … so, a lot of work to do writing the trading courses in the days ahead.
All the courses will offer, in addition to the scalping [day trading], weekly position
trading algorithms as well. So, something here for everybody … and I will add,
that they are very, very powerful … more on all of this as the days of September
roll by … onto tomorrow and the week at hand … until then mi amigos
… Onward & Upward!!
Have a great rest of your Holiday weekend everybody!
-vegas
