Oil (crude light) strategy for September 18, 2009

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Nostradamus359

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Strategy: work on short upward movements, buying right before 9am, 1pm, 2pm, 5pm and 6pm GMT time.

Do not expect more on this day, but buy, take profit and get out.

Movements are short in duration.

Use appropriate time and pattern.
 

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as I noticed, there was a time shift, as a move made himself a bit earlier, probably influenced by previous early signal. Also 1h time frame are not so accurate.

Will see next timing.
 
newbie

Hi all, new to oil and technical analysis. Any help in getting statrted in oil would be great.... links to free educational content etc.

On the chart for US crude: we are in a triangle of consolidation are we not?

it's likely to move up towards $75 once breaking the triangle's resistance line..?

is it not right to trade with a medium term view? am I too likely to get burnt if I trade a weekly strategy rather than daily positions?


cheers for responses
 
im watching this too for a nice pullback trade . trend is up (price above 200 EMA) but im not buying this breakout right now because i just don't like buying it, too many fakeouts
 

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