Last week was a firm, consistent upward move which, in my opinion, was generated by two things:
1) The week produced first signs that prices approaching USD 42 per barrel are starting to edge below the breakeven level for many conventional and even some US shale oil producers. The EIA figures...
:D Well, you did ask! :lol: Seeing as its the weekend, I'll expand on this issue some more. It is always good to reflect on why we are doing things and thanks for raising the issue!
I think the disillusion started to set in with the salvaging of Greece and the suspicions of "creative"...
Closing the week on a high note after today's Baker Hughes US rig count showed the first decline, albeit only a couple of rigs, in 23 weeks.
This comes on top of the EIA weekly figures last Wednesday showing a fall in US oil production by some 100,000 bpd.
Combined, these are sufficient to...
This is my basic chart. Just a couple of MA's and an RSI. An extremely common set-up. But I trade on a discretionary basis rather than mechanically obeying crossovers. I don't believe in MA crossovers that blindly! :cool:
My forex trading has normally focused on the USD/GBP/EUR triangle and I am finding each of those rather negative and depressing nowadays.
Brexit is a thoroughly depressing and sad situation although I am sure the UK will come out of it ok in the end. The future of the EU and Euro without the UK...
Having decided to move from forex trading to Crude Oil, I felt the need for somewhere to write some stuff as I go.
I'm looking to trade 4H/1H timeframes with one eye on a daily overview and the other on 15m entry/exit refinements. Since that makes me not so prettily crosseyed I don't suggest...
Hi Forker,
As I said earlier, I am new to this forum, but like you I have been a trader for many years. I thought this was a very original approach to this project and as you said, "Should be interesting". I really agreed with that.
But I am really surprised that your original post has been...
I am not any kind of expert on binary options either but as I understand it the 30% incorporates the broker's commissions. The "commission" comes from the fact that if you lose, you lose 100%, if you win, you only win about 75% (or whatever it is set at). The options are priced according to...
Just a reminder to anyone looking for 2:1 trades:
Mon 16th is Martin L. King's Birthday bank Holiday in the US and banks will be closed. Therefore volatility may be subdued.
I am new to this forum and just found this thread here. But I have been using this method (which I came across elsewhere) as a base template underlying my own strategy for some time and find it very effective.
For example, one brief trade on EU this morning, not much but still green pips! :)...
I am adding the third option of a "manual" close anywhere between the original target and stop levels - usually because of a reverse signal in the trading model that I am using for this. Seems silly to let it continue to the stop level even when the trading model reverses the likely direction...
Absolutely! And when the market is moving in one direction it is not so easy to get in at the right time! (easier when looking in hindsight!).
Yes, I guess so. But I am wondering: What if one closes out on a reverse signal before the target or stop has been triggered and still call it a...
Thanks Ct, no, you are not missing anything. I guess the problem really is that I have started with a lower initial risk expressly for the purpose of ironing out these kinds of issues as this is a very different approach for me. And a lower initial risk kind of limits flexibility with how many...
I am meeting with an entirely unexpected difficulty with this!
I am really struggling with the R:R on this when it is also combined with a fixed pip value for both target and stop. As I understand it, these have to be the same in order to create the progressive, kind of exponential growth.
I...