Friday 22 June 2012

Oil Again

Oil is still adjusting. I remember a statement by Bernanke, almost a year ago now I think, that the oil rise was temporary and that it would go back down.

Today's trades were the usual: trade the pullbacks.

4 comments:

  1. El, do you constantly monitoring and build FavFib lines as each of the intraday trends present itself?

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    1. Anon 17:15, Yes. As soon as I have a peak and a trough. I used the Fib extension tool for years but I can now eyeball it.

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  2. EL, are you using automation to find these trades?

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    1. Anon 21:07, No, but I can. When the trades are automated, I usually show those as automated trades. Flo has a number of algos to find different types of trades. I'll do a post about this hopefully next week.

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