MAKING SENSE OF RAILROAD TIES (RRT'S)
A railroad tie (RRT) is any occurrence of 3 or more consecutive reversal bars (RB). While they can happen at any time during the day and at any place on the chart, they occur most often at places of support or resistance or other significant levels. In the last year RRT's occurred on 91% of trading days.
This post is for members as it addresses advanced concepts taught and used for trading in the Oil Trading Room.
In the Oil Trading Room, we put indicators on our charts for two basic reasons: 1) as a reminder of something we should know. This is like putting something on your daily calendar to remember. 2) The second reason we put an indicator on our chart is because we want to be able to see something that is happening that you cannot see just by looking at the chart (something that is inside the market but that cannot be discerned without it). This generally falls into 2 main categories: Order flow and Momentum. That being said, this article is about Order Flow indications that you cannot see just by looking at a chart that is a leading indication and that provides a trading edge.
We have amazing statistics at or around the execution level in the Crude Oil Market. Some of these patterns are 84% or better to win. Then we teach you to combine these for even higher win rates with other related (and uncorrelated) statistics to achieve historical win rates as high as 100%. There's nothing like it. If you are not a member of the room, you can learn more about this on the webinar page on the tab above. Join the room. Learn. and Benefit! A Table of proven room statistics is below (Members only).
Why is the bottom portion of this post for members only? Becasue you will do best to properly learn these patterns in the room where you have full support and learning. The Oil Trading Room is much much more than this however. If you are serious about your trading, Join us, learn, advance your skills and knowledge and come into alignment with your higher trading powers!
The open of the day in the market is a point in time where different groups of traders join in the action. It is like you are sitting at a poker table playing, the game has a certain balance, and a certain kind of energy going, and a bunch of new people come over and join the game. In trading however, you cannot see the players joining or leaving, so you have to have rock solid ways of understanding these groups. Below is a list of various metrics we cover each day in the room to help us to understand these dynamics.
Why is this post for members only? This article is well worth a monthly subscription. So if all you did was sign up and read this post, you would receive full value for your order, but the Oil Trading Room is much much more than this a hundred times over. If you are serious about your trading, Join us, learn, advance your skills and knowledge and come into alignment with your higher trading powers!
How might you know if a continuation pattern is 80% against working, or if a continuation will go beyond a new high or low with high probability (sometimes with 100% historical probability)? Or, if the market is likely in a trap zone? Learn (and trade) the Three Period Probability Walk!
Why is this post for members only? This article is well worth a monthly subscription. So if all you did was sign up and read this post, you would receive full value for your order, but the Oil Trading Room is much much more than this a hundred times over. If you are serious about your trading, Join us, learn, advance your skills and knowledge and come into alignment with your higher trading powers!
What is the futures symbol code for January, February, March, April, May, June, July, August, September, October, November or December? Check the table below to see it:
Understanding Floor Pivots. Thank You Carlos for excerpting this post from the room!
Why is this post for members only? This article is well worth a monthly subscription. So if all you did was sign up and read this post, you would receive full value for your order, but the Oil Trading Room is much much more than this a hundred times over. If you are serious about your trading, Join us, learn, advance your skills and knowledge and come into alignment with your higher trading powers!
Smart Super Trend Traps as revealed by Steve in the room. Thank You Steve!
Why is this post for members only? This article is well worth a monthly subscription. So if all you did was sign up and read this post, you would receive full value for your order, but the Oil Trading Room is much much more than this a hundred times over. If you are serious about your trading, Join us, learn, advance your skills and knowledge and come into alignment with your higher trading powers!