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  1. Both the Crude Oil and ES Markets have a great shot at reserving the downward move tomorrow. Crude has to stay above 36.00 and if the Emini gets above today's value high of 2022, quite possibly will push back into the prior Daily Value low of 2035 area. Crude if it catches a bid can reverse a few key resistance areas triggering possibly strength and upward momentum.
  2. Crude: Another shakeout produced with the the Inventory Report and it didn't take long for the short to re-establish position to the downside. The CL in in a steady migration lower and should be traded as such. Look for exhaustion against 37.50-70 area for continuing the move downward. EMini: What can I say I've been bias to the long side but after today anything trading basically below 2060 the shorts are in play. 2035 is the Daily chart value low and we bounced off it today. Continued pressure to the downside won't have a problem going to re-test that bounce. Institutional trade to the upside has been evident form the mid 2050's as well for the past three weeks.
  3. Analysis Video Crude Oil Breaking Down in the low 39's early Sunday night trade but is now putting the pressure of Friday's low for a possible formation of a Spring forming on the daily bar. Watch for either exhaustion or acceptance into the Daily value low area on 39.80-40.00 to plan your morning. Emini Continuation could be very possible if the overnight trade is unable to trade below Friday's close. If it does break watch for opportunities to buy against the Daily Mid at 2078-80 area.
  4. Just thought I would contribute to the community by posting Daily Analysis using Auction Market Theory for Emini & Crude Oil trading. Check back each day as I will update daily. Friday's Analysis
  5. Areas of Importance Crude Targets - Support and Resistance 49.50 - 49.60 - Long Term Target 50.30 - 50.40 - Long Term Target 50.80 - 50.90 51.25 - 51.35 - Key Support 51.70 - 51.80 52.15 - 52.25 - Key Support 52.85 - 52.95 53.55 - 53.65 - Key Resistance 53.90 - 54.00 54.35 - 54.45 - Long Term Target 54.80 - 54.90 - Long Term Target Initial Targets: Up - 53.40 Down - 52.20 Euro Targets - Support and Resistance 10910 - 10920 - Long Term Target 10960 - 10970 - Long Term Target 11000 - 11010 - Key Support 11045 - 11055 11075 - 11085 11125 - 11135 - Key Support 11155 - 11165 11190 - 11200 11225 - 11235 - Key Resistance 11285 - 11295 - Long Term Target 11355 - 11365 - Long Term Target Initial Targets: Up - 11210 Down - 11135
  6. Overlook of the past trading month and the upcoming trading session. Join us for a free 5 day trial in our live chat trading room and get this analysis and the areas of importance each night for the next trading day. Watch the impact it has on your trading! Areas of Importance for your charts Crude Oil 61.60 – 61.70 61.30 – 61.40 60.67 – 60.77 60.20 – 60.30 59.90 – 60.00 59.50 – 59.60 59.00 – 59.10 58.40 – 58.50 57.90 – 58.00 57.45 – 57.55 56.94 – 57.04 EMini – 2091.50 – 2092.50 2083 – 2084 2073 – 2074 2065 – 2066 2060.25 – 2061.25 2053 – 2054 2045.75 – 2046.75 2038.50 – 2039.50 2031 – 2032 2019 – 2020 2009.50 – 2010.50
  7. For Wednesday June 24th 2015 Areas of Importance Crude Oil 63.40 – 63.50 62.85 – 62.95 62.38 – 62.48 61.66 – 61.76 60.75 – 60.85 60.20 – 60.30 59.70 – 59.80 59.10 – 59.20 EMini 2134.25 – 2135.25 2130.50 – 2131.50 2126.50 – 2127.50 2122.50 – 2123.50 2118.50 – 2119.50 2114.50 – 2115.50 2109.50 – 2110.50 2105 – 2106 2100.50 – 2101.50 2096 – 2097
  8. Monday 6.15.15 Crude 61.25 – 61.35 60.80 – 60.90 60.42 – 60.52 59.69 – 59.79 59.16 – 59.26 58.76 – 58.86 58.34 – 58.44 Emini (Rollover to Sept Contract) 2094.75 – 2095.75 2091 – 2092 2086.75 – 2087.75 2081.75 – 2082.75 2075.25 – 2076.25 2070.75 – 2071.75 2065.75 – 2066.75
  9. Today in our live trading room we were able to establish that the failed attempt right before the open gave an opportunity for shorts to be established right before the opening candle. Also with the consecutive attempts at the pullbacks or scared shorts getting out of there positions to early led to other great trades on the short. In our live trading room volume is very important to our trading and in the video above it shows how buyer and sellers and price levels will and eventually fizzle out leading the way for the upper hand. If a position at a price level does a has a certain behavior and re-visits that price level again at a later time it is very important you pay attention at what is doing and is it going to repeat the same behavior. Such as being at support and resistance areas. Use this larger picture and bring it to you current trading so you can capitalize on the right side of the market. chef
  10. A strong part of our methodology taught is Market Profile Trading. Today using the developing profile and volume as our guide we were able to wait and execute at very favorable positions. It wouldn’t hurt to understand at least what shape is developing for the day to identify areas of support and resistance and market direction. If you have a good understanding of Market Profile trading you can even see the developing shape through your time or tick chart you use to trade with. Market Profile trading paired with a simple volume indicator can tell you at what point on your trading chart where prices are favorable and rejecting. Favorable areas on your charts or the price areas with the most traffic are usually shown with high volume. Rejecting areas of your charts are usually areas of low volume. Pay close attention to these areas and the behavior of the market. The market will return to these levels and see if you notice a pattern which can have a direct affect to your trading decisions. chef
  11. With the inventories paving the way for the breakdown and the big sell off.... wait didn't the market completely reverse the whole day?! Yes it did and we were sitting there waiting for it. Don't you love it when a plan comes together. Are you still trading the on the notion that the TV news along with everyone else aka: the herd, misinformed or non-professional friends are giving you solid information? You must be doing incredible with your trading! Agree with me and you also probably mistake quarters for manhole covers. Ok enough fun! Trade the chart people, put everything out of your mind and just try to understand what the market is telling you. Need Help! Get an educator, not a membership salesman to keep you on the right track. In our live trading room today we pitched a no hitter based on strong hardcore evidence as the market unfolded. After the market broke down today reflecting the outcome of the report it was able to establish a mean and the secret underlying buying began. You will see it in any volume indicator or market profile chart. If you knew this information while in the absorption phase you would start to see rising lows and a sudden break to the upside. Everyone sitting there with sell tickets in hand just got there you know what handed to them. If you are trading on the wrong side of the market and you want to stop the bleeding come check us out in our live trading room. chef
  12. Today in our live trading room the main focus was waiting for supply to noticeably over take demand at repeated price levels and look for the entrance to some great trades. If you get a sudden move that is a game changer what does the market do once it attempts that price again? Train you eyes and your brain to understand that the market is a true auction process. Where there is a buyer a seller is on the other side. Say the market is going up to its high such as in the picture and video above. Once the buyers over come the sellers and the sellers are no more, the market has to return downward and find interest. Today in the live trading room we watched and took advantage of this behavior many times. Don’t forget when the market gets at these extensions, profit taking occurs. Profit taking gives the market once more push to the upside and to the non-experienced trader, it looks like an opportunity to get in the trade which they are late to show to anyway. Therefore the upthrust is born trapping those buyers at the height of the market and then it closes on its low. Pity to that buyer, should have been profit taking! Chef
  13. When trading a market that could have swings and volatility such as Crude Oil you have to be prepared and have a good understanding that not every day is going to have large anticipated moves. Looking at longer term charts especially Market Profile charts shows trading ranges with continued extension failure. Front part of the week looked like the large operators were selling into the low, allowing such a pull back into this range mid week. When the supply was gone the demand was still there sending prices higher but again by Wednesday the demand itself was wearing off at the highs creating theses inside days with no real action – just absorption. Now once completed the downward move will probably continue. In the live trading room today we discussed the behaviors and you should have a general idea what to expect for that day’s trading. Example would be coming off Monday & Tuesday trading to the last two day’s staying inside the IB with minimal moves. If you enter these days with the mind frame of the beginning of the week you are probably licking your wounds. Anticipate not Participate
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