THX guys. Hope ya'll had a great day too.
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EurAnalysis Kindergarten 24 replies
DislikedI added a small u/cad long (.9931) on the peak of the current hourly candle for oil (92.5)
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Dislikedmade a new high, hit the 38.2% retracement from recent drop, wonder if it'll go back down now, wouldn't be surprised if we hit 50% first
still holding...
inexperienced with trading oil so do chime in if i'm missing somethingIgnored
DislikedIt's not easy to anticipate the direction of oil. It's heading to 50% I guessIgnored
DislikedHey Swiss! Congratulations on another successful day my friend.
I also got long on the EUR/AUD and short on the AUD/JPY. Always nice to wake up to green pips.Ignored
DislikedYou're right, Oil is difficult to trade, especially on the lower time frames.
I trade it on the D1 chart and ONLY when it is trending. When ranging, I stay away!Ignored
DislikedIMO the best way to trade crude is through the use of supply and demand and not your average technical analysis on the lower TF's. Of course geo politics sets the trend. Just a thought.Ignored
DislikedHey pippy. Hope you had a great vacation bro.Post a scenic picture of where you were when you can. I love the pacific Northwest.
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DislikedIMO the best way to trade crude is through the use of supply and demand and not your average technical analysis on the lower TF's. Of course geo politics sets the trend. Just a thought.Ignored
DislikedSwiss,
Would you mind explaining a little more about what you mean with the supply and demand? What would be the best way (and where) to find the information necessary to correctly analyze the numbers?Ignored
DislikedI think at this point, it's good to point out Germany is very happy with a weaker EURUSD. I've suspected they've been stringing out the crisis as long as possible to keep a lid on the EURUSD.
Germany has a very large export sector, and a weaker EURUSD helps the German economy tremendously. In fact, it's hard for me to see comments from German finance ministers as anything but attempts to talk the euro lower by threatening a crisis they know they can prevent at any time.
Am I giving them too much credit now ?Ignored
Disliked200+ pips between E/U, E/A and A/U scalps today. Hope everyone did well today.Ignored
Disliked200+ pips between E/U, E/A and A/U scalps today. Hope everyone did well today.Ignored