Refer chart for reference. GU remain mid term bearish.
Crude Oil Weekly Chart.
Trade Idea : As crude oil remain in retracement phase, I believe Pound will follow the crude oil trend.
Happy trading. Wish you lot of profit.
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.
Showing posts with label Crude Oil. Show all posts
Showing posts with label Crude Oil. Show all posts
Tuesday, 10 May 2011
Thursday, 5 May 2011
Fundamental News
Look at the fundamental news taken from Forex Factory. How market react with the news? Does the news is true? Look for yourselves.
Now look at the EU chart. It shows USD is getting strong. Why? Read the newspaper.
Oil inventories increased. Read here. Now, which fundamental news traders want to believe? I believe news regarding crude oil and gold fundamental. The effect is very strong.
Be careful for Non-Farm news tomorrow.
Happy trading.
Oil inventories increased. Read here. Now, which fundamental news traders want to believe? I believe news regarding crude oil and gold fundamental. The effect is very strong.
Be careful for Non-Farm news tomorrow.
Happy trading.
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