Friday 24 February 2012

Oil

Oil is the focus of the markets. It's clear that Iran needs to be put back into it's box. Raising world tensions through terrorism has changed all our lives. It's time that we pushed back.


Oil has been pressured upwards not only by speculative buying but by a big  increase in oil option volumes. As market makers sell calls, they have to buy Oil to hedge.


I traded Light Crude yesterday afternoon. This morning was very quiet in London. Everything was very quiet. It was a matter of grabbing what there was between the Euro, DAX and one oil trade.


This Euro 5 tick Renko chart is very clean and easy to trade.


Posted by at

1 comment:

  1. Anonymous25 February 2012 at 12:25

    jenrique42
    I was reading a book by Tom Williams and there is a much clearer epigraph, which was made

    EQUALS SUCCESS HARD WORK, CONCENTRATION FORMATION AND DISCIPLINE

    Exactly what I'm doing with the euro and the EL system

    jenrique42
    Estaba leyendo un libro de Tom Williams y hay un epigrafe muy clarificante, que lo llevaba realizando

    EL EXITO ES IGUAL A TRABAJO DURO, CONCENTRACION, FORMACION Y DISCIPLINA

    Exactamente lo que estoy haciendo con el euro y el sistema de EL

    ReplyDelete

Subscribe to: Post Comments (Atom)