Thursday, May 12, 2011

Three Phases Day Trading Crude Oil Inventories on Wednesdays



-          3 personalities on Wednesday Crude Oil
o    Wednesdays bring 1030am inventory news
o    We have 3 basic phases that CL goes through
§  Before the News:  745-1000
§  During the News:  1000-1035
§  After the News: 1035-1230pm EST
-         
-          When do we use the FAILURE of a pattern?

-          Candlestick Patterns

Global Drawing Objects:
-          Make sure you correct your trend lines using your 13range chart (something faster than the chart you drew them the first time)

0 comments:

Post a Comment