Remember last year when Oil (symbol /CL) went under $7 a barrel? Well if you got long then and stayed long you would have about10x return now...
We hear woulda, shoulda, coulda a lot.
Here are some updated higher time frame upside price targets for Oil. It's not out of the question to see $100 technically speaking.
Learn the top strategies for trading all time highs and managing risk.
Many equities and indexes are at or near their tops. Trading all time highs (ATH) can be a risky proposition because there is less historical data available at these levels.
Join ChartPros for this informative and potentially money making/saving webinar to help boost your trading confidence, consistency, and trading results.
We wanted to do this higher time frame daily futures grid and video for you on ES, NQ, and YM.
You’ll notice that nothing goes below the daily so not likely to be useful on intraday trades.
Align your actions to your trading goals and focus on the process rather than the outcome.
Trading can be very challenging, that is true. But an analogy we like to use a lot is it’s very similar to learning how to drive a car.
Read more only if you'd like to learn how to add more consistency and confidence to your trading.
ChartPros launched a new free online course - Introduction to Price Action Trading.
This course is for new or current traders who would like to learn what it takes to gain the knowledge and confidence to become more consistently profitable.
The traders in our Price Action Mastery Course are learning first hand the power of the markets and in particular how technical analysis can benefit them.
During the first week of April we identified a level for a long swing trade entry. Since then we've been tracking and managing the trade. Now, as price is approaching our bull profit targets it will be interesting to see how price reacts to what could be potential resistance.
Yes, that's about a 4000+ point hold to the long side. This is what is taught in the course for both swing and shorter term trades. It is not uncommon for us to be long in our swing account but short in our intraday account to capitalize on the levels of interest we've identified for the respective time frames.
Some oil producers are *paying* customers to accept their output. Say what?!?! Yeah, it's true.
But let's focus on the futures contract, June in particular. We're already hearing stories about hedge fund managers being wiped out tryin to call a bottom. That's unfortunate.
We're not in the prediction business of calling tops or bottoms rather, we're in the reaction business to technical analysis levels in both directions.
Enjoy Your FREE Think or Swim Chart link for GBP/JPY
"Two spots to watch on GJ, if fib structure can test and hold this could set up beautifully"
Subscribers receive charts for Equities, Indices, Forex, Commodities, etc. including Think or Swim chart links so you can load and use as your own.
But we know seeing is believing so that's why we've included this free link and we also provide a 7-day free trial.
Host Sean Jantz led the group through the highlights of the course and guest Tom Winterstein provided specific and detailed benefits to traders who enroll in the course.
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