Spot oil

[Dentalfloss]

it has to stay above 103/orange
at res now

 

[Dentalfloss]

slightly out on the res area
hourly data curling over

there are many horizontal s/r levels to be picked out on candles/bar charts

 

[Dentalfloss]

spot oil 4 hour data
n an important zone 100.60-101 area

 

[Dentalfloss]

into next week
we can see that 101 area res that we talked about,not taken out
trades were based on rally to that res and short from res
60 min data shows the areas clearly,Red trendline/thin is trend res at 101=101.25 area
trend supp/green is at 99.50 area,There is horizontal supp underneath going down to 98.75 area
there will be minor res at 100.25 to 100.50 area
there should be trading signals in these areas on lower timeframes

 

[Dentalfloss]

4 hour data
now coming into horizontal res
looks tad overbought

 

[Dentalfloss]

a smaller box size and we can see the breakout point and trend supp
101.66 and 101.80 areas

http://i60.tinypic.com/b3od9y.gif[/IMG]

 

[Dentalfloss]

30 min shows the gentle uptrend over tha last 2 weeks

either we break higher or test the green line at 103.60- 103.80

 

[Dentalfloss]

Good point! I believe on the way down but I'll be careful this topic

yeah..
but we are rangebound
test of trend and break at 100.50 area /purple

 

[Dentalfloss]

spot oil 60 min
gettin ready to pop....upwards..
need a bit more confirmation first

 

[Dentalfloss]

no pop upwards
downer

 

[DuCaan]

@dentist: print of 0 means the next print is likely to 0 i.e. a downmove?
also found this interesint: http://marketchartpattern.com/commo...s-middle-east-weekend-review-12-13-july-2014/

 

[Dentalfloss]

@dentist: print of 0 means the next print is likely to 0 i.e. a downmove?
also found this interesint: http://marketchartpattern.com/commo...s-middle-east-weekend-review-12-13-july-2014/

not quite
this is friday price action
15 min data
we wont know if there is any legs to a recoil until it tests the trend..ie red lines

101-101.30 area

 

[Dentalfloss]

spot oil 60 min

trend supp 101.50 area / green
trend res/red 102.20 area

 

[Dentalfloss]

60 min

there is an inkling that the down move is contained

 

[Dentalfloss]

4 hour data
shows the trend that started on 23 july
23 cents box size
2 reversal
hilo plot
trend test and prev supp at 99 or we break lower

 

[SlowlyButSurely]

Dentist, I have a Q regarding setting the parameters for the P&F chart. I am using NT so there is not option for a 'box setting'. What are my alternatives? I was thinking tick charts? What do you suggest?

 

[Dentalfloss]

Dentist, I have a Q regarding setting the parameters for the P&F chart. I am using NT so there is not option for a 'box setting'. What are my alternatives? I was thinking tick charts? What do you suggest?

how long do you want to hold ??

 

[Dentalfloss]

coming into some minor trend res/orange at 97.50 area
4 hour data 26 cent box
2 reversal
plotting the close
trend supp/green at 96.00 area

 

[SlowlyButSurely]

how long do you want to hold ??

I trade short term intra-day. I actually managed to find a setting for the box and reversal so will have a tinker. I am reading Du Plessis' book at the moment so will tinker with some of the settings he suggests.

I usually like to do a top down approach, looking at trends over the last couple of months, then also look again short term.

 

[Dentalfloss]

we either break lower or test above res
30 min data
CL V4 contract
10 cent box size by 1 reversal hilo plot