Goldtent TA Paradise

DWTI 15 WITH STOCH 144 AS IMPORTANT SECONDARY INDICATOR…

1. Tim says:

   June 11, 2015 - 7:48 pm at 7:48 pm

   This really helps. I’ve been trying to figure out what’s going wrong with my entry into this trade. I guess a weaker buy signal means a weaker positions, ie. less. When the buy signal gets stronger, confirmed by another indicator, then enter a stronger, larger position.

   Trading channels has a very interesting chart for crude. He doesn’t have Shortstack’s trendline on his and he’s talking about crude going higher:

   http://3.bp.blogspot.com/-gBoUZPEId6Y/VXoRRF7CaLI/AAAAAAAAI3E/tGFIvtqJzrY/s1600/6.png

2. Tim says:

   June 11, 2015 - 8:02 pm at 8:02 pm

   I noticed back a month or two ago the trend for crude changed the day it touched that 17 year trend line on April 23. I wonder if the same sort of thing is happening now that crude has touched Shortstack’s July 2014 downward trend line. It just struck me as odd that all of a sudden crude started going mostly sideways instead of mostly upwards right after is merely tagged the 17 year line. Like it got a jolt from an electric fence.

3. EagleSeagle says:

   June 11, 2015 - 8:04 pm at 8:04 pm

   As you stated earlier over $62 and WTIC should get a good pop up…glad the chart helped…

4. Tim says:

   June 12, 2015 - 9:33 am at 9:33 am

   From looking at the past few cycles, once crude breaks down through the 59.79 resistance level it should be a steady $2 drop afterwards. There was a retest last time that lasted for 15 hours which shows how significant this level must be. There’s often a backtest on each cycle on the way up too. Some day this might act as a support level, I suppose.