A Little Market Forecasting in Crude Oil Plus Trading from Tuesday, April 10th, 2012

Hello Traders, I would like to take some time on today’s post to mention some key areas we are moving into on the Crude Oil Charts.  Now when it comes to forecasting, it is simply a calculated guess of where the market may go.  I make no promise the market will go anywhere. This is…

Continue Reading →

Some Wisdom from the Book of Proverbs …

Hello Traders, Do you want to be successful as a trader?  Then start with this word on your lips every day:  HUMBLENESS! Recently, I have been re-reading and studying  some of Gann’s Trading Material.  What I found personally interesting is a play on words in one of my favorite Proverbs. Gann said, “The FEAR of…

Continue Reading →

April 9th, 2012: Crude Oil Trading

Hello Traders, This was a very fast trading setup as I was watching the market today.  I saw a HVS SKY trading bar come in on the Long side, so I was looking to go short.   Overall, I took away 2 ticks on the trade.  It was very late in the trading day so…

Continue Reading →

Trading Masters Wisdom – Another Visit with W. D. Gann

IMPORTANT: Hello Traders, In today’s weekly wisdom from the Trading Masters, I would like to revisit William Delbert Gann (June 6th, 1878 – June 14th, 1955). The quote I would like to take some time to visit today is the following:  “Do not overlook the fact that the 4th time the averages or an individual…

Continue Reading →

April 5th, 2012: Trading Statement End of Trading Week

Hello Traders, During Wednesday’s trading, I tested live trading in front of the Crude Oil Inventory Report to no success.  It seems to me the best way to handle the weekly inventory report is to wait for the red report to come out, and then look to see if there is a trade. I was…

Continue Reading →