Crude Oil Rogue downwave starts soon

This is a discussion on Crude Oil Rogue downwave starts soon within the General Trading Chat forums, part of the Reception category; Originally Posted by deadbroke Gold Daily has busted a major uptrendline on both Arith and Log, then rallied to kiss ...

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Old Dec 30, 2011, 5:42pm   #11
 
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Re: Crude Oil Rogue downwave starts soon

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Gold Daily has busted a major uptrendline on both Arith and Log, then rallied to kiss it and now appears to have waved goodbye to it as she flees - to where?

To Argentina, hehehehe.

Daily trend is DOWN, 4H trend is DOWN.
Thanks, first good news I have heard in months.
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Old Dec 30, 2011, 7:07pm   #12
 
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Re: Crude Oil Rogue downwave starts soon

I'm long Brent Crude .
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Old Jan 4, 2012, 4:28pm   #13
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Re: Crude Oil Rogue downwave starts soon

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Gold Daily has busted a major uptrendline on both Arith and Log, then rallied to kiss it and now appears to have waved goodbye to it as she flees - to where?

To Argentina, hehehehe.

Daily trend is DOWN, 4H trend is DOWN.


Daily trend is DOWN, 4H trend is DOWN. Southbound train stopped in Peru and is taking a nice break that is causing Dennis Gartman to nearly start nibbling.
Will we go to Argentina? I believe so but the only important thing worth knowing at this time is

Daily trend is DOWN, 4H trend is DOWN. Remain SHORT.
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Old Jan 4, 2012, 4:35pm   #14
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Re: Crude Oil Rogue downwave starts soon

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I would like to see Crude 4H break below the 50 and 200 m.a. on 4H - then we will be rolling as the trend will surely gather speed thenceforth. I would love to be paying just $1/gal in the future.


Crude did not break below the 2 m.a.s.

Losses now, but SHORT still on. No change in stance as Crude challenges the 4H top
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Old Jan 6, 2012, 7:33pm   #15
 
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Re: Crude Oil Rogue downwave starts soon

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Crude did not break below the 2 m.a.s.

Losses now, but SHORT still on. No change in stance as Crude challenges the 4H top

I duno much about oil ...are the crude charts you are looking at the same as brent crude ?

or similar ?
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Old Jan 6, 2012, 7:48pm   #16
 
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Re: Crude Oil Rogue downwave starts soon

I was long from 108 , but im thinking about shorting this now ...........not sure really, could blow out the trend line just the same ?
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Old Jan 6, 2012, 8:14pm   #17
 
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Re: Crude Oil Rogue downwave starts soon

Hey guy, you might want to start reading besides looking at lines on a chart.
The Straight of Hormuz is about to become a battle field, the Iranians are practicing blocking 20% of oil shipping. Both the Americans and the Iranians are drilling military maneuvers.
People a lot smarter than either one of us think the price of Crude could go anywhere between $250-$500 a barrel soon.
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Old Jan 6, 2012, 8:30pm   #18
 
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Re: Crude Oil Rogue downwave starts soon

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Hey guy, you might want to start reading besides looking at lines on a chart.
The Straight of Hormuz is about to become a battle field, the Iranians are practicing blocking 20% of oil shipping. Both the Americans and the Iranians are drilling military maneuvers.
People a lot smarter than either one of us think the price of Crude could go anywhere between $250-$500 a barrel soon.
yes I think you are right but you just never know technical or fundamental , that's why I just stick to techs .But yes I still hold a long bias until I get a short signal .
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Old Jan 7, 2012, 4:39pm   #19
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Re: Crude Oil Rogue downwave starts soon

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Hey guy, you might want to start reading besides looking at lines on a chart.
The Straight of Hormuz is about to become a battle field, the Iranians are practicing blocking 20% of oil shipping. Both the Americans and the Iranians are drilling military maneuvers.
People a lot smarter than either one of us think the price of Crude could go anywhere between $250-$500 a barrel soon.


Stated with utmost humility .... the only truth in this game is PRICE. In reality if I were alone, even far from any human contact with just an internet connection and accurate PRICES downloaded to my computer and with NO newspapers, television or contact with experts, non-experts or anybody, I could make a splendid decision of the direction of trade and be correct upwards of 80% of the time

but this is dependent on just one requirement - how good I am at reading the vagaries of PRICE in PRICE's home, the chart. . If I'm good, I live, if bad, I die. In fact, if the latter, DEATH would come swiftly.

That is the bottom-line.
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Old Jan 7, 2012, 4:47pm   #20
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yes I think you are right but you just never know technical or fundamental , that's why I just stick to techs .But yes I still hold a long bias until I get a short signal .

With fundamental analysis there is a heck of a lot to consider, I mean there is just too much data to review and stay abreast of - maybe others have the ability to cope with this, I do not.

This stuff with Iran, sure I'm aware of it, who isn't? But I don't know which way it will go and I don't have knowledge of the insider issues that will precipitate such outcomes, so in essence I don't have the truth.

I want just the truth and then I go with it.

PRICE is the only truth I know in markets and PRICE's home is the technical chart, but having the ability to read PRICE is a whole other issue and one that I cannot possibly claim to have, only claim that I would love to have it and will keep trying and trying for there is no other better aspiration - to me anyways.

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