Friends
This is my long term journey with oil. I first began shorting in late July, as noted on the chart, and have been continuously involved with oil ever since.
Oil is in a genuine slide, hitting very low levels, which a lot of people here won't be used to if you're a new trader, or learning to trade. Having been asked to share my fundamental Oil data, I am afraid I am unable to do this. And would like to preserve my findings for myself.
You all know how much I hate technical analysis, and only endorse fundamental trading as the way forward, and I abide by this... However I do believe technical analysis is a good way to find OPTIMUM ENTRY INTO A TRADE... But you should never just trade a stock purely because of technicals.. It's the most stupid thing ever... I'm Concluding with a firm fist that oil is in a solid downtrend... And should be this way due to a million and one factors.
NOTE: IF YOU DON'T HAVE A POSITION IN OIL, WAIT FOR APPROPIATE ENTRIES USING A WELL FOUNDED OOO! GETTING IN ON A DOWNWARD SLIDE WITHOUT OOO IS DANGEROUS, IF NOT A STUPID WAY TO TRADE...
Best of luck,
Tom
This is my long term journey with oil. I first began shorting in late July, as noted on the chart, and have been continuously involved with oil ever since.
Oil is in a genuine slide, hitting very low levels, which a lot of people here won't be used to if you're a new trader, or learning to trade. Having been asked to share my fundamental Oil data, I am afraid I am unable to do this. And would like to preserve my findings for myself.
You all know how much I hate technical analysis, and only endorse fundamental trading as the way forward, and I abide by this... However I do believe technical analysis is a good way to find OPTIMUM ENTRY INTO A TRADE... But you should never just trade a stock purely because of technicals.. It's the most stupid thing ever... I'm Concluding with a firm fist that oil is in a solid downtrend... And should be this way due to a million and one factors.
NOTE: IF YOU DON'T HAVE A POSITION IN OIL, WAIT FOR APPROPIATE ENTRIES USING A WELL FOUNDED OOO! GETTING IN ON A DOWNWARD SLIDE WITHOUT OOO IS DANGEROUS, IF NOT A STUPID WAY TO TRADE...
Best of luck,
Tom
