Trades with cats wrote:Oil bottom this morning blamed on more reports that Saudi Arabia ready to start war with Russia for Aleppo. Unleash the Algos! This is why I took a pledge to not trade Oil.
go with the charts TwC
"news" (rumours) is noise
Educational only and not trading advice (EO&NTA) Good trading to all
Trades with cats wrote:Oil bottom this morning blamed on more reports that Saudi Arabia ready to start war with Russia for Aleppo. Unleash the Algos! This is why I took a pledge to not trade Oil.
go with the charts TwC
"news" (rumours) is noise
Thanks, but my pockets aren't deep enough to outlast noise in CL, I gotta stay with the ES and the TF where my charts work.
When the Indicator is above 1.0 but below 2.0 it indicates selling pressure, and a short-term downtrend may be in effect. During such times, short-term short trades are preferable to long trades.
When the indicator is below 1.0 it indicates buying pressure and a short-term uptrend may be in effect. During such times, short-term long trades are preferable to short positions. Given that there is so much “noise” around 1.0, price analysis must also be used to determine direction and filter out false signals in the TRIN....