Over the weekend I managed to develop a charting package for observing the action in oil. For week’s I worked away at this goal and kept hitting roadblocks. Then, during a fierce set of 40 kilo kettle bell swings I had a creative epiphany.
And voila, I can see:
Also, I have gone back to some old favorites, old school market profiles. They almost feel like training wheels, is that bad thing? Not sure, but they really whisper to me. Stay tuned for live reads of stuff like this:
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Raul, bull or bear here?
And what differentiates old-school profiles from others?
On oil?
Old school, TPOs, like they used before volume at price was available
Oil was doing such a good job of going down, until last week. Perfect place for a bullish trade, looking for a face-ripper bear market rally from here.
Yeah, on oil, Raul.
As benign as it sounds I’m neutral. The last time it came into balance during this downtrend it broke lower. I am playing for a break higher this time. #long
Nice exess low anth B, might be the tinder
What is “excess low anth B,” my friend?
Responsive buying tail 3 profiles to the left, showing price traveled to a price perceived as exessively low and unfair to sellers.
“Anth B” is commenter Anthony brown, b/c iPhone browser inside Twitter won’t allow me to reply