5/12/08 Review and trade set-up video

Posted by Cire2222 on May 12, 2008

This is the first attempt at hosting a video direct to our server and not from youtube, so let me know if you guys have problems. You will need to be able to view flash media.

http://tradersbase.com/tbvideos/cire2222/512blog.swf

Daily review, TB trade review, Trade set-up | 2 Comments

The search for an oil top

Posted by Cire2222 on May 10, 2008

We were able to catch a top in gold, a top in the Euro and the last attempt for a top in oil failed ( I thought they would move together) So now here I am looking for a top in oil again. I would wait for confirmation before making a move but here is a thought on Oil. The EUR/USD hit a consolidation phase, broke out and ran hard to the 261.8 Fib extension with once sharp quick pullback reaction on the way up then found a top. When I Pulled up the USO (oil tracking ETF) I see a similar situation. See the charts below

Stock TA, TB trade review, Trade set-up | No Comments

Sea Change? Top in Oil?

Posted by Cire2222 on Apr 13, 2008

Doing some scanning and reviews of multiple markets I saw a few things that got me interested in a few markets that have to do with one another. Those markets are Oil, Gold and the united states Dollar (wheat,soybeans and corn as secondary markets) I am not one to try to call tops but every now and then I think its worth a shot in the dark for an attempt at some big potential profits. So im going to attempt to call this the top in oil. Oil, gold and the dollar don’t always trade hand in hand but they do have a big relationship. We have already seen Gold put in a big reversal move (that we nailed here @ tb.com ) and to me it still looks bearish. We have also seen a couple of the grains (wheat and soybeans) come down well off thier highs, the last leg is Oil and the dollar then we will see a complete Sea change in this recent massive bull run in commodities. How can you play this? If you don’t trade futures you can trade ticker USO ( see chart below) for oil, GLD for gold and there are some stocks too such as CVX, RIG, SLB, DO, GG, AUY etc. Below you can see some charts in regards to this matter. I would expect this to being in the next 5-10 days. If Im wrong I expect to be VERY wrong.