Something different this weekend. Wanted to show how the 3 non-correlated indicators (Better Sine Wave, Better Momentum and Better Pro Am) work for day trading Crude Oil. Over-optimization will always kill a system – I've learned that the hard way. The video below shows the same Day Trading principles apply to Crude Oil as the Emini.
If you're reading this article via email or RSS reader, then follow this link to view the Day Trading Crude Oil video on the website.
HIGH DEF VIDEO – MAY TAKE 15 SECONDS TO LOAD
Day Trading – Crude Oil (9:01)
Here is a screenshot of the 500 tick Crude Oil chart showing turning points repeat the same sequence of price, volume and average trade size:
- Exhaustion buying/selling volume
- Volume divergence with less buying/selling and higher highs/lower lows
- "End of Trend" price cycle warning signal
- Cycle turn after "End of Trend" is often low risk entry point, and
- Professionals active at price extremes
And always trade in sympathy with the higher time frames to ensure high probability entry points.
Day Trading – Crude Oil (500 tick)
I'll post the latest Commitment of Traders charts tomorrow. Enjoy your weekend.
