Some trading filters are better than others but the one I don't trade against is the Oil Trading Room 30 minute trend chart. On vertical days, where the market trends all day, this will keep you in, or on the right side, all day. On days where the market is choppy, it can give you early warning yet still be sensitive enough to inform you of what is going on. Below is a screenshot of this incredible set-up.
Today was a fairly tough day to trade early on and I expected the market to break higher for various reasons as pointed out in the live trading room, suggesting that the market would look for the next Continue reading
Today was a trend reversal day in crude oil. These days can be challenging because you have a trend that is going against the larger trend. As more and more higher time frame players are forced to cover their shorts, and new buyers come in, a trend can resume.
Typically as this occurs the market will be trading into Continue reading
One of the key concepts we deal with in the Oil Trading Room is that of open zones. An open zone is an area on the chart that is unfettered and open for expansion. Trading into an open zone can help to make you a winning trader in a big way if Continue reading