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October 26, 2007


Hourly Crude

A look at Crude as it trades around $91. The purple dashed line is the “stop” level for shorts taken based on the Sequential countdown, i.e. if you shorted Crude anticipating a trend reversal after the recent 13 count, then you should be prepared to cover this short (at a loss) when price trades above the level marked by the purple dashed line.


Click to enlarge (Hourly Crude)

This entry was posted on Friday, October 26th, 2007 at 11:19 am (utc+8) and is filed under Trading and Investing.

4 Responses to “Hourly Crude”

  1. peter said:
    October 27th, 2007 at 5:43 pm

    if you can, plot a bollinger band with the setting 50,2 and 50,3 on the daily crude…price has penetrated the upper band of the 50,3 BB…a rare event…also take a look at the loonie…looks like theres some opportunity here next week to make some bucks buying usd

  2. C. Maoxian said:
    October 28th, 2007 at 12:01 am

    peter: I can plot anything on anything but I’m not going to act on it — countertrend trades are for young guys, not old farts like me.

  3. Peter said:
    October 29th, 2007 at 6:35 pm

    yeah, those are the “get rich or die tryin” sort of trades… (-:

  4. C. Maoxian said:
    October 30th, 2007 at 10:15 am

    Peter: Anyone tryin’ to short crude these days is definitely dyin’. ;-)

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