Crude Oil & The BoT - one way to play bull markets

17 thg 6, 2014

Hello all,
A trader's journey is one of self discovery. Learning to identify and then appropriately trade 'setups' is really about finding what you are comfortable with. It took me many years of self discover to find what works for me as I am sure it has for you. To that end, I found one model that I really like and it is my privilege to bring it to your attention. Take it for what it is worth, but it has aided me greatly in both executing a consistent trading plan and not getting anxious on trade location/execution. As I say in my tutorial, when I turn myself into a robot, I trade like a machine...

One reason why I like 'BoT' trade setup is because of its inter-market portability. Meaning, it is a model i can use to trade the stock market, Bitcoins, or in this case today, a commodity like Crude Oil. Here then is a bullish BoT setup in action. Notice the technical signals (MA cross, momentum upthrust) coincided with the 25% level - that is so cool to see when it happens! Anyway, the trade took little to no heat and moved very cleanly to the bullish ab=cd harmonic price objective. Once the objective was hit price quickly retreated.

Cheers all and hope it helps
You can find the slide show tutorial on Google docs here: docs.google.com/presentation/d/1DY-LGVBMLx2yngfl92bgxndN9srJQF03xeGxrHFX2ng/edit?usp=sharing

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