Crude oil presents trading opportunities that are often fundamentally driven. And in the US, many retail traders prefer trading the West Texas Intermediate (WTI) crude oil futures contract (ticker: CL) not only because it is liquid, but because it’s a
Identifying and Trading Breakaway Gaps
Trading a breakout from price range or consolidation is a common tactic. The risk, of course, is that the breakout may turn out to be false. So, we look at volume and follow-through to confirm the likelihood that price will
Four Potential Scenarios That Make a Trade War “Tradeable”
Adapting to Uncertain Market Conditions One key attribute that characterizes an adept trader is the ability to adapt to different market conditions: An adept trader has different strategies on hand for uptrending, downtrending, and non-trending markets. An adept
Newsletter – July 2018
Upcoming Government Reports & Holidays July 2 CONSTRUCTION SPENDING REPORT 10:00 AM July 3 MANUFACTURERS’ SHIPMENTS, INVENTORIES… 10:00 AM July 4 INDEPENDENCE DAY HOLIDAY — July 6 EMPLOYMENT SITUATION REPORT 8:30 AM July 6 U.S. INTERNATIONAL TRADE IN GOODS
Nick Leeson and the Fall of Barings Bank
On February 26, 1995, a young trader named Nick Leeson single-handedly brought about the collapse of one of the oldest and most revered banking institutions in the world, the 233-year old Barings Bank in London. Founded in 1762, Barings
Using the Gold-to-Silver Ratio to Sharpen Your Trading Insights
Perhaps you are a day trader or swing trader. You’ve honed your own personal approach to trading short-term momentum. Maybe long-term fundamentals play little role in your short-term “technical” outlook. You seek volatility, as it often brings just enough momentum
Amidst Slippery Fundamentals, Crude Oil Shows Bullish and Bearish Opportunities…Depending on Your Bias
What’s going on with crude (CLN18) fundamentally? On June 6, Wednesday, crude oil fundamentals remain bearish as the EIA inventory report showed a supply buildup across the board. Crude slid down to 64.28. However, it failed to take out the
The 2008 Financial Crisis
Downturn!…Whiplash!…Bust Up!…Evictions!….Bankruptcy!….Homes Abandoned!…. ”Crisis“ dominated the headlines in 2008. Many economists consider the financial crisis of 2008 to be the worst since the Great Depression. There was a reckoning with lax financial regulation and institutional greed; all of which resulted,
How A Simple Trend Principle Might Have Helped Identify Crude Oil Trade Setups
Smaller time frames tend to magnify a market’s volatility. If there is something that day traders and swing traders know all too well, it’s that the markets can be very noisy. This is particularly the case when it comes to
How Classic Price Action Might Have Prevented You From Taking Big Losses in the DJIA
A Volatile and Confusing Market This year’s market volatility has been explosive. Prior to the February plunge, the nine-year stock market bull was moving upward in a relatively steady manner. Despite the uncertainties following this initial plunge, there were (and