Rosie the Gold Algorithm Model Charting Update Wednesday May 23, 2018 #GOLD $GC_F $XAUUSD $GLD, $UGLD, $DGLD with Gold Miner Observations: $GDX, $GDXJ ($NUGT, $DUST, $JDST, $JNUG)
Good day! My name is Rosie the Gold Algo. Welcome to my new member edition Gold trade report for Compound Trading.
Like EPIC our Oil Algorithm chart model, I am an algorithm chart model in development and trader testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of Gold and Gold Miner related.
The charting models are best used decision to decision. In other words, each line on the algorithmic model charts are support and resistance. As trade progresses, weighing algorithmic charting model against conventional charting observations provides an edge over using only conventional charts.
If you need assistance at anytime contact my developers at [email protected].
Updates:
The charting below for Gold now has prospective channel support and resistance, considerable wider time frame quad walls highlighted (thicker orange dotted lines) and key channel direction decision areas noted with purple arrows.
How to Use the Charting Model:
How to Use ROSIE Gold Algorithm: #GOLD, $GLD, $XAUUSD, $GDX, $GDXJ, $NUGT, $DUST, $JNUG, $JDST
Gold / Gold Miner Trade Coaching
Users of this algorithm model charting may opt for private one-on-one coaching with our lead trader and / or an experienced trader that has worked under our lead trader.
On our website there are standard one-on-one online coaching packages you can order (coaching via Skype) or you can request a customized package (reflecting the time you are wanting to invest in your learning).
To request a custom package most suited to your needs email us at [email protected] or click here for a standard private trade coaching package. Other options for coaching include online webinars for members (from time to time), private on location and in-person coaching sessions at our new trading location(s) and organized trading conference events.
Primary Trade Indications:
Live Twitter Alert Feed for Gold / Miner Trades: @GoldAlerts_CT
Gold Trade Buy / Sell Short Term Swing Triggers
For short term trading the following are support and resistance areas for trade that can be used as buy / sell triggers for Gold.
1270.32
1280.52
1290.70
1300.96
1311.07
1321.30
1331.51
1341.61
1351.86
1362.03
1372.72
The primary method of trade our traders are reporting works with the most predictability is to wait for Gold to breach the trading range (grey lines marked with arrows) up or down and then have it confirm as it leaves the corresponding trading quadrant to the up or downside. See video above.
As it is a model in development, if you find more predictable methods please report same.
Resistance and Support Clusters: Blue and Yellow horizontal (may be sloped) lines (marked with arrows). The thicker they are the more significant they are. Blue are conventional indicators and Yellow are calculated historical algorithmic points of significance. If the cluster is significant our charting techs will shade the area in white to bring this to your attention. The most recent cluster has proven to be significant resistance in recent trade.
Trading Range: Grey Lines (marked with grey arrows). Trade above or below creates bias and bias is confirmed to a high probability when trade then leaves a quadrant (geometric diamond shape formed with diagonal Fib trend lines for time – frame) after gaining or losing a trading range horizontal support / resistance line (grey horizontal line).
Quadrants: Diagonal Orange Lines that form diamond shapes. Based on diagonal Fibonacci trend lines act as important support and resistance. The wider the time frame the thicker the line.
Fibonacci Support and Resistance: Horizontal lines on charting (various colors).
Targets: Red circles on charting. The least of the indicators and should be used for observation purpose only. The targets are in very early stage development / testing. Two are provided for each quadrant time frame – the upper scenario targets should be considered if trend is up and likewise for the lower. Only either are expected to hit (if at all – very low probability of a hit is expected at this point).
Conventional Charting: All decisions should be weighed against conventional charting (as may be provided below also).
Gold Algorithm Live Charting Link:
Click on share button bottom right (beside flag) and then click on “Make it Mine”.
$GDX came off at mid quad resistance as thought. Add long or enter long at quad TL line support if it holds.
Recent Gold Price Targets:
May 23 – Will update price target hits soon.
May 14 – Will update price target hits soon.
Per recent;
Gold price target April 6 hit perfect to time and price provided on report 14 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target April 6 hit perfect to time and price provided on report 14 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Sun lined up to price target time and price provided on report 6 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Sun lined up to price target time and price provided on report 6 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Mar 4 hit perfect to time and price provided on report 6 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Mar 4 hit perfect to time and price provided on report 6 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Feb 4 hit perfect to time and price provided on report 7 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Gold price target 1800 Feb 4 hit perfect to time and prce provided on report 7 days prior. $GC_F $GLD $XAUUSD $DUST $NUGT
Recent Gold and Gold Miner Trade Alerts:
May 23 – Will update Gold alerts soon. Until then, see below for important sections of chart.
Gold trade since last report up in to resistance apex and dumped hard. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Gold trade since last report up in to resistance apex and dumped hard. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Should be interesting action. End of time cycle at right of screen on the model. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
Should be interesting action. End of time cycle at right of screen on the model. Rosie Gold Algorithm. #Gold $GLD $GC_F $XAUUSD $NUGT $DUST
May 14 – Will update Gold alerts soon.
Alert – Gold long side bias trade set-up trading intra 1346.18 PT’s on chart. Trim in to each resistance & add above.
Alert – Gold long side bias trade set-up trading intra 1346.18 PT’s on chart. Trim in to each resistance & add above.
$GDX long side trade trim bias now in to resistance at 23.14 and add above long for next PT 24.21
$GDX long side trade trim bias now in to resistance at 23.14 and add above long for next PT 24.21
$GDX near mid quad res today – trim longs there and add above on break for 25.19 PT June 5.https://www.tradingview.com/chart/GDX/iriVmaBR-GDX-near-mid-quad-res-today-trim-longs-there-and-add-above-on/ …
Gold Trading Plan
Gold trading plan. Long side alert 405 AM – 18 Apr 2018 at green arrow 1346.18 trading 1326.50 intra. Fails at red arrow. Hold. Hedge.
Gold trading plan. Long side alert 405 AM – 18 Apr 2018 at green arrow 1346.18 trading 1326.50 intra. Fails at red arrow. Hold. Hedge.
Will add under 1321.33, 1311.86, 1300.93, expect at latest bounce 1293.51 and add there.
Will add under 1321.33, 1311.86, 1300.93, expect at latest bounce 1293.51 and add there.
Major support pivot in the 1293.51 area of Gold Algorithm Model. #Gold #trading #Algorithm #Chart
Major support pivot in the 1293.51 area of Gold Algorithm Model. #Gold #trading #Algorithm #Chart
Green triangle completion of significant time cycle in Gold and support area (inverse apex). Significant buy zone if trade gets there.
Green triangle completion of significant time cycle in Gold and support area (inverse apex). Significant buy zone if trade gets there.
Bullish scenario 1367.80 May 1 is top of quad in current time cycle. Unlikely but worth note for major resistance trims.
Bullish scenario 1367.80 May 1 is top of quad in current time cycle. Unlikely but worth note for major resistance trims.
All the best with your trades and look forward to seeing you in the room!
Price Increase: Platform wide price increase May 15, 2018. Does not affect existing members. Official announcement to follow.
Machine Trading: May 15, 2018 the new teams start. Mandate: (1) Intelligent Assisted #IA Trading Platform (Code Algorithm Models), (2) Run 24 Hour Crypto Trading Desk, (3) Alert Trade Set-ups to Member Alert Feeds (for all models) and near future (4) Machine Learning. Official announcement to follow.
Notes in red text below are new comments entered specifically today (or recently important).
BE SURE to get in to each private Discord server specific to your subscription as many of the updates as we go forward will be posted in there. This includes the SWING TRADING platform also.
IF YOU NEED A LINK / INVITE email or DM us!
Connect with us on Discord.
Recent Blog / Video / Social Posts:
#BitcoinTrading 101: A Beginner’s Guide to Getting Started $BTCUSD $XBTUSD $BTC https://compoundtrading.com/bitcointrading-101-beginners-guide-getting-started-btcusd-xbtusd-btc/ …
How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, $UCO, $SCO, $UWT, $DWT, #OIL, #OOTT: http://youtu.be/hawVV31G9bg?a via @YouTube
How to Use ROSIE Gold Algorithm: #GOLD, $GLD, $XAUUSD, $GDX, $GDXJ, $NUGT, $DUST, $JNUG, $JDST
I get a lot of Q’s on How to Trade our models, this vid has 5 min explanation at 1:00 min-6:00 min. https://www.youtube.com/watch?v=QrXbE7lojAg&t=3s … – Fib Trendlines, Trading structure/quads, Price targets, Main support resistance (buy sell triggers), Time cycles, Moving averages, Trading trims/adds.
I get a lot of Q's on How to Trade our models, this vid has 5 min explanation at 1:00 min-6:00 min. https://t.co/oqezvVcn0y … – Fib Trendlines, Trading structure/quads, Price targets, Main support resistance (buy sell triggers), Time cycles, Moving averages, Trading trims/adds.
— Curtis Melonopoly (@curtmelonopoly) May 13, 2018
Trading Plan (Buy, Hold, Sell) Watch Lists. Morning Momentum / Gap / News / PR / IPO / SEC Filings / Earnings Stocks on Watch:
Stocks making the biggest moves premarket: KSS, AAP, AZO, GM, F, FCAU, MU & more
— Curtis Melonopoly (@curtmelonopoly) May 20, 2018
Trade Set-up Alerts, Charts & Reports. Recent / Current Holds, Open and Closed Trades:
$ITCI Over 22.63 targets 23.77 and 24.62-66 main resistance on chart. #swingtrading
$ITCI Over 22.63 targets 23.77 and 24.62-66 main resistance on chart. #swingtrading
$PG Wash-out snap-back trade set-up 50 MA on daily resistance. On watch for continued trade.
$PG Wash-out snap-back trade set-up 50 MA on daily resistance. On watch for continued trade.
$NFLX Momentum today trading 331.17 intra resistance support 328.50 triggers in to 337.80 – .83
$NFLX Momentum today trading 331.17 intra resistance support 328.50 triggers in to 337.80 – .83
PSTG earnings play 24.20 targets 25.12 and support areas noted in bearish scenario
PSTG earnings play 24.20 targets 25.12 and support areas noted in bearish scenario
$SPY – 273.30 resistance, 273.60, 274.51, 276.04, 276.30, 278.43 – .50 May 30 main resistance price target.
$SPY – 273.30 resistance, 273.60, 274.51, 276.04, 276.30, 278.43 – .50 May 30 main resistance price target.
$AAPL – 188.62 main pivot buy sell trigger, trading 188.86 intra, 191.41 194.82 200.60 main resistance
$AAPL – 188.62 main pivot buy sell trigger, trading 188.86 intra, 191.41 194.82 200.60 main resistance
US Dollar Index Daily Chart MACD flat, price above main pivot (red line) over 200 MA. $DXY $UUP
US Dollar Index Daily Chart MACD flat, price above main pivot (red line) over 200 MA. $DXY $UUP
US Dollar Index Daily Chart MACD flat, price above main pivot (red line) over 200 MA. $DXY $UUP
Oil Monthly. Above important chart pivot nearing 100 MA. Use caution long in to 100 MA resistance. $USOIL $WTI $USO #OIL
Oil Monthly. Above important chart pivot nearing 100 MA. Use caution long in to 100 MA resistance. $USOIL $WTI $USO #OIL
Nice clean weekend trade. White arrow – alert. Green arrow – buy trigger. Red arrow – resistance per alert. Red circles – price targets. $BTC $XTUSD #Bitcoin #Cryptotrading
Nice clean weekend trade. White arrow – alert. Green arrow – buy trigger. Red arrow – resistance per alert. Red circles – price targets. $BTC $XTUSD #Bitcoin #Cryptotrading
Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another (detailed post on deck to blog) #OILChart
Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another (detailed post on deck to blog) #OILChart
$BOX testing upside buy sell trigger in 28.34 area. Trim in to and add above. #swingtrading
$BOX testing upside buy sell trigger in 28.34 area. Trim in to and add above. #swingtrading
$FB has now retraced to near mid quad support price target 181.72 for May 18. New price targets for June 4 time cycle on chart.
$FB has now retraced to near mid quad support price target 181.72 for May 18. New price targets for June 4 time cycle on chart.
Since the May 11 article we have successfully traded the wash-out snap-back swing trade in $FB. First part of the move here.
Since the May 11 article we have successfully traded the wash-out snap-back swing trade in $FB. First part of the move here.
$AMD triggering long side add over 12.80 targeting 13.47 13.60 with significant resistance 14.62 #swingtrading
$AMD triggering long side add over 12.80 targeting 13.47 13.60 with significant resistance 14.62 #swingtrading
Disney over 200 MA over 103.76 resistance trading 103.96 targets 105.28 next resistance #swingtrading $DIS
Disney over 200 MA over 103.76 resistance trading 103.96 targets 105.28 next resistance #swingtrading $DIS
Intra Cellular over 21.24 resistance trading 21.36 next target 22.28 and main price target resistance 23.80. #swingtrading
Intra Cellular over 21.24 resistance trading 21.36 next target 22.28 and main price target resistance 23.80. #swingtrading
Intra day chart model update for $BOX swing trade #swingtrading #daytrading
Intra day chart model update for $BOX swing trade #swingtrading #daytrading
$AMBA over 51.60 mid quad res over 200 MA trading 52.19 HOD targeting 54.25 54.75 58.66 #swingtrading
$AMBA over 51.60 mid quad res over 200 MA trading 52.19 HOD targeting 54.25 54.75 58.66 #swingtrading
$AAOI hit HOD 33.12 at resistance above targets 37.27 38.69 40.11 200 MA 49.56 July 4 unlikely #swingtrading
$AAOI hit HOD 33.12 at resistance above targets 37.27 38.69 40.11 200 MA 49.56 July 4 unlikely #swingtrading
$LAC Lithium trading 6.30 power bounce off mid quad 5.40 targeting 6.43 6.54 200 MA res, Jan 1 price targets 7.81 12.60
$LAC Lithium trading 6.30 power bounce off mid quad 5.40 targeting 6.43 6.54 200 MA res, Jan 1 price targets 7.81 12.60
$MXIM over 20 MA on weekly is a long to 61.38 area. Pivots noted on chart.
$MXIM over 20 MA on weekly is a long to 61.38 area. Pivots noted on chart.
Path of least resistance of US Dollar weekly chart 200 MA 94.80 area $DXY
Path of least resistance of US Dollar weekly chart 200 MA 94.80 area $DXY
CITI bought conistently at historical support noted previous. MACD trend up. Resistance above. Riding 200 MA. $C
CITI bought conistently at historical support noted previous. MACD trend up. Resistance above. Riding 200 MA. $C
Swing trade $EXP excellent swing trade over buy side 106.10 trim in to 112.28 resistance, next 177.70 major res.
Swing trade $EXP excellent swing trade over buy side 106.10 trim in to 112.28 resistance, next 177.70 major res.
$EDIT flying here hit 37.20 trim in to 37.60 add above – it’s a power move and thats mid quad resistance
$EDIT flying here hit 37.20 trim in to 37.60 add above – it’s a power move and thats mid quad resistance
$HTZ trading 17.89 premarket – trim in to 50 MA on hourly add above.
$HTZ trading 17.89 premarket – trim in to 50 MA on hourly add above.
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channeland at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80%+ in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid much of the day trading risk (preferring to daytrade only what is structurally set-up also on the swing trade side and to my advantage in the algorithmic model charting). I often avoid the first 30 minutes (gap and go) and trade momentum stocks or structured (per explanation in previous sentence) stocks later in day after a wash-out looking for a snap-back trade that can possibly also become a strong swing or longer term trade that I can leg in to. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Charting Model Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWT, $DWT, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY), $BTCUSD Bitcoin.
(5) Recent Upgrades:
$MU Stifel Nicolaus Maintains Buy on Micron Technology, Raises Price Target to $106
(6) Recent Downgrades:
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
$ITCI Over 22.63 targets 23.77 and 24.62-66 main resistance on chart. Price dumped in to 200 MA main support and I alerted on the way down for a bounce and we alerted the buy side and have trimmed in to each resistance and added above. Price is against a main resistance diagonal trendline resistance. 24.70 area June 8 is main target, however, if it gets bullish it will target the one above. 19.78 is the bearish scenario. Video shows importance of quad walls on trading model.
$PG Wash-out snap-back trade set-up 50 MA on daily resistance. On watch for continued trade. Weekly chart, really like this chart. Squeeze momentum is starting to turn, Stochastic RSI has already turned, MACD likely near bottom. My trigger is 74.44 for a buy side look at it there. On the daily chart MACD is up.
$NFLX Momentum today trading 331.17 intra resistance / support 328.50 triggers in to 337.80 – .83 347.69.359.90, 371.59, 379.91 is main resistance. Support in wash 288.35 intra quad wall 296.50.
$PSTG earnings play 24.20 targets 25.12, 25.70-.90, 26.69, 27.83, 29.20 main resistance price target. Excellent structure in chart model. 22.63 18.29 support areas on chart in the event of a dump.
An explanation of How to Swing Trade our models is discussed on this video at the $PSTG chart.
$SPY – 273.30 resistance, 273.60, 274.51, 276.04, 276.30, 278.43 – .50 May 30 main resistance price target. Real bullish move puts the targets at 289.04 and 283.77. 267.92 273.30 support areas.
$AAPL – 188.62 main pivot buy sell trigger, trading 188.86 intra, 191.41 194.82 200.60 main resistance pivot above in bullish trade. Stochastic RSI is trending down, MACD looks like its about to turn, SQZMOM starting to trend down.
Oil $USOIL $WTI – I missed the buy trigger on it today but our machine traders got it.
Then we looked at the momentum stocks on the day – see video for that.
Charts to Accompany the Swing Trading Report:
$AAPL – 188.62 main pivot buy sell trigger, trading 188.86 intra, 191.41 194.82 200.60 main resistance
$AAPL – 188.62 main pivot buy sell trigger, trading 188.86 intra, 191.41 194.82 200.60 main resistance
$SPY – 273.30 resistance, 273.60, 274.51, 276.04, 276.30, 278.43 – .50 May 30 main resistance price target.
$SPY – 273.30 resistance, 273.60, 274.51, 276.04, 276.30, 278.43 – .50 May 30 main resistance price target.
PSTG earnings play 24.20 targets 25.12 and support areas noted in bearish scenario
PSTG earnings play 24.20 targets 25.12 and support areas noted in bearish scenario
$NFLX Momentum today trading 331.17 intra resistance support 328.50 triggers in to 337.80 – .83
$NFLX Momentum today trading 331.17 intra resistance support 328.50 triggers in to 337.80 – .83
$PG Wash-out snap-back trade set-up 50 MA on daily resistance. On watch for continued trade.
$PG Wash-out snap-back trade set-up 50 MA on daily resistance. On watch for continued trade.
$ITCI Over 22.63 targets 23.77 and 24.62-66 main resistance on chart. #swingtrading
$ITCI Over 22.63 targets 23.77 and 24.62-66 main resistance on chart. #swingtrading
Compound Trading Platform: Algorithm model charting for $SPY, $VIX, #OIL, #GOLD, #SILVER, #Crypto ($BTC Bitcoin, $ETH, $LTC, $XRP,) $DXY US Dollar and Swing Trading Newsletter. Live trading rooms for daytrading and oil traders. Private coaching and live alerts.
When the dollar lost the 200 MA on daily it dumped in to Feb of the year and went sideways.
We sat quiet through the sideways period since because it was divergent to our algorithmic model.
As price started to get closer to 200 MA from underside again and MACD turned we started to alert clients and share some alerts on social media.
There is a pivot at 92.61 area on the daily chart where the set-up triggered a long side trade for us.
If trade loses that pivot all bets are off long side bias. Not stated on the video.
On the geometric charting (broad structure) there are some key areas of trade to watch for;
The video explains the chart structure to watch for.
The primary trendline to watch in the structure is shown on the video.
Important resistance 94.38 in 8 days 28th of May, 97.78 July 10, 100.5 – 100.76 Aug 20 (primary resistance), trading 93.78 intra,
Intraday on the hourly over 200 MA is a long and to trim I move to 15 min chart and when price loses the 20 MA, 50, 100, 200 MA I move out and wait for price to gain the 200 MA again on the hourly and I scale long again.
There is a part two to this video in progress, for a copy register to our mailing list.
Close up image of US dollar Index $DXY algorithmic chart shown in webinar video. #HowtoTrade #USD #Dollar #Algorithm
Close up image of US dollar Index $DXY algorithmic chart shown in webinar video. #HowtoTrade #USD #Dollar #Algorithm
US Dollar Index Daily Chart MACD flat, price above main pivot (red line) over 200 MA. $DXY $UUP
US Dollar Index Daily Chart MACD flat, price above main pivot (red line) over 200 MA. $DXY $UUP
Compound Trading Platform: Algorithm model charting for $SPY, $VIX, #OIL, #GOLD, #SILVER, #Crypto ($BTC Bitcoin, $ETH, $LTC, $XRP,) $DXY US Dollar and Swing Trading Newsletter. Live trading rooms for daytrading and oil traders. Private coaching and live alerts.
Price Increase: Platform wide price increase May 15, 2018. Does not affect existing members. Official announcement to follow.
Machine Trading: May 15, 2018 the new teams start. Mandate: (1) Intelligent Assisted #IA Trading Platform (Code Algorithm Models), (2) Run 24 Hour Crypto Trading Desk, (3) Alert Trade Set-ups to Member Alert Feeds (for all models) and near future (4) Machine Learning. Official announcement to follow.
Notes in red text below are new comments entered specifically today (or recently important).
BE SURE to get in to each private Discord server specific to your subscription as many of the updates as we go forward will be posted in there. This includes the SWING TRADING platform also.
IF YOU NEED A LINK / INVITE email or DM us!
Connect with us on Discord.
Recent Blog / Video / Social Posts:
#BitcoinTrading 101: A Beginner’s Guide to Getting Started $BTCUSD $XBTUSD $BTC https://compoundtrading.com/bitcointrading-101-beginners-guide-getting-started-btcusd-xbtusd-btc/ …
How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, $UCO, $SCO, $UWT, $DWT, #OIL, #OOTT: http://youtu.be/hawVV31G9bg?a via @YouTube
How to Use ROSIE Gold Algorithm: #GOLD, $GLD, $XAUUSD, $GDX, $GDXJ, $NUGT, $DUST, $JNUG, $JDST
I get a lot of Q’s on How to Trade our models, this vid has 5 min explanation at 1:00 min-6:00 min. https://www.youtube.com/watch?v=QrXbE7lojAg&t=3s … – Fib Trendlines, Trading structure/quads, Price targets, Main support resistance (buy sell triggers), Time cycles, Moving averages, Trading trims/adds.
I get a lot of Q's on How to Trade our models, this vid has 5 min explanation at 1:00 min-6:00 min. https://t.co/oqezvVcn0y … – Fib Trendlines, Trading structure/quads, Price targets, Main support resistance (buy sell triggers), Time cycles, Moving averages, Trading trims/adds.
— Curtis Melonopoly (@curtmelonopoly) May 13, 2018
Trading Plan (Buy, Hold, Sell) Watch Lists. Morning Momentum / Gap / News / PR / IPO / SEC Filings / Earnings Stocks on Watch:
— Curtis Melonopoly (@curtmelonopoly) May 20, 2018
Trade Set-up Alerts, Charts & Reports. Recent / Current Holds, Open and Closed Trades:
Oil Monthly. Above important chart pivot nearing 100 MA. Use caution long in to 100 MA resistance. $USOIL $WTI $USO #OIL
Oil Monthly. Above important chart pivot nearing 100 MA. Use caution long in to 100 MA resistance. $USOIL $WTI $USO #OIL
Nice clean weekend trade. White arrow – alert. Green arrow – buy trigger. Red arrow – resistance per alert. Red circles – price targets. $BTC $XTUSD #Bitcoin #Cryptotrading
Nice clean weekend trade. White arrow – alert. Green arrow – buy trigger. Red arrow – resistance per alert. Red circles – price targets. $BTC $XTUSD #Bitcoin #Cryptotrading
Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another (detailed post on deck to blog) #OILChart
Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another (detailed post on deck to blog) #OILChart
$BOX testing upside buy sell trigger in 28.34 area. Trim in to and add above. #swingtrading
$BOX testing upside buy sell trigger in 28.34 area. Trim in to and add above. #swingtrading
$ITCI in to resistance on model trading 22.21 intra, trim in to it add above. Next PT 23.77 support 21.21. #swingtrading #daytrading
$ITCI in to resistance on model trading 22.21 intra, trim in to it add above. Next PT 23.77 support 21.21. #swingtrading #daytrading
$FB has now retraced to near mid quad support price target 181.72 for May 18. New price targets for June 4 time cycle on chart.
$FB has now retraced to near mid quad support price target 181.72 for May 18. New price targets for June 4 time cycle on chart.
Since the May 11 article we have successfully traded the wash-out snap-back swing trade in $FB. First part of the move here.
Since the May 11 article we have successfully traded the wash-out snap-back swing trade in $FB. First part of the move here.
$AMD triggering long side add over 12.80 targeting 13.47 13.60 with significant resistance 14.62 #swingtrading
$AMD triggering long side add over 12.80 targeting 13.47 13.60 with significant resistance 14.62 #swingtrading
Disney over 200 MA over 103.76 resistance trading 103.96 targets 105.28 next resistance #swingtrading $DIS
Disney over 200 MA over 103.76 resistance trading 103.96 targets 105.28 next resistance #swingtrading $DIS
Intra Cellular over 21.24 resistance trading 21.36 next target 22.28 and main price target resistance 23.80. #swingtrading
Intra Cellular over 21.24 resistance trading 21.36 next target 22.28 and main price target resistance 23.80. #swingtrading
Intra day chart model update for $BOX swing trade #swingtrading #daytrading
Intra day chart model update for $BOX swing trade #swingtrading #daytrading
$AMBA over 51.60 mid quad res over 200 MA trading 52.19 HOD targeting 54.25 54.75 58.66 #swingtrading
$AMBA over 51.60 mid quad res over 200 MA trading 52.19 HOD targeting 54.25 54.75 58.66 #swingtrading
$AAOI hit HOD 33.12 at resistance above targets 37.27 38.69 40.11 200 MA 49.56 July 4 unlikely #swingtrading
$AAOI hit HOD 33.12 at resistance above targets 37.27 38.69 40.11 200 MA 49.56 July 4 unlikely #swingtrading
$LAC Lithium trading 6.30 power bounce off mid quad 5.40 targeting 6.43 6.54 200 MA res, Jan 1 price targets 7.81 12.60
$LAC Lithium trading 6.30 power bounce off mid quad 5.40 targeting 6.43 6.54 200 MA res, Jan 1 price targets 7.81 12.60
$MXIM over 20 MA on weekly is a long to 61.38 area. Pivots noted on chart.
$MXIM over 20 MA on weekly is a long to 61.38 area. Pivots noted on chart.
Path of least resistance of US Dollar weekly chart 200 MA 94.80 area $DXY
Path of least resistance of US Dollar weekly chart 200 MA 94.80 area $DXY
CITI bought conistently at historical support noted previous. MACD trend up. Resistance above. Riding 200 MA. $C
CITI bought conistently at historical support noted previous. MACD trend up. Resistance above. Riding 200 MA. $C
Swing trade $EXP excellent swing trade over buy side 106.10 trim in to 112.28 resistance, next 177.70 major res.
Swing trade $EXP excellent swing trade over buy side 106.10 trim in to 112.28 resistance, next 177.70 major res.
$EDIT flying here hit 37.20 trim in to 37.60 add above – it’s a power move and thats mid quad resistance
$EDIT flying here hit 37.20 trim in to 37.60 add above – it’s a power move and thats mid quad resistance
$SPY up and over adds to next resistance 274.51 trim in to it add above
$SPY up and over adds to next resistance 274.51 trim in to it add above
$HTZ trading 17.89 premarket – trim in to 50 MA on hourly add above.
$HTZ trading 17.89 premarket – trim in to 50 MA on hourly add above.
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channeland at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80%+ in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid much of the day trading risk (preferring to daytrade only what is structurally set-up also on the swing trade side and to my advantage in the algorithmic model charting). I often avoid the first 30 minutes (gap and go) and trade momentum stocks or structured (per explanation in previous sentence) stocks later in day after a wash-out looking for a snap-back trade that can possibly also become a strong swing or longer term trade that I can leg in to. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Charting Model Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWT, $DWT, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY), $BTCUSD Bitcoin.
(5) Recent Upgrades:
(6) Recent Downgrades:
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Hello! My name is Crypto the Bitcoin Algo. Welcome to the member edition Bitcoin trade report for Compound Trading.
Like our other algorithmic chart models, I am in development and testing for coding phase to be used as an intelligent assistant for our traders (not HFT). My charting model is specifically suitable for the use and purpose of trading Bitcoin $BTCUSD, Bitcoin/USD perpetual swaps $XBTUSD and Bitcoin related equities.
Note: The $XBTUSD (Bitcoin swaps) model is built on a chart from BitMEX. Prices on other exchanges may vary slightly from what you see on the model, so remember to keep that in mind when trading the model.
More extensive chart models for $BTCUSD, $ETHUSD, $XRPUSD, $LTCUSD and others (such as a few bitcoin related equities) will be featured in future reporting.
Join us in our private Crypto Trading room on discord!
For newer users – read the blog post about how to trade Bitcoin here.
Primary Methods of Bitcoin Trade:
The primary method of trade we have found works with the most predictability is to wait for bitcoin to breach the upper right wall of a quadrant (the orange, blue or grey diagonal dotted lines – the thicker lines are more significant as they represent wider time-frames) and confirm over the next horizontal Fibonacci resistance. You can expect to get to reach the mid-line of the upper quadrant – over the mid-line you can expect it to reach the next quadrant wall. Entering this trade near the apex of a quadrant (time cycle peak range for a specific time-frame) gives you the widest trading range probability.
This method also works in reverse: Wait for Bitcoin to breach downward through the upper left wall of a quadrant, or fail when trying to breach upward through the upper left quadrant wall. Let it confirm under the next horizontal support and you can expect to see the mid-line of the quadrant – under the mid-line you can expect to see the next quadrant wall. Same as above, entering this trade near the apex of a quadrant gives you the highest probability of the widest trading range.
Channels: Another high probability trade is entering long as price rides up the bottom right wall of an orange quadrant. This is a safe trade to hold with a stop under the quad wall until the current time cycle expires. This trade works in reverse as well. You can enter short just under the upper right quadrant wall resistance, with a stop just over the quadrant wall, and hold until the current time cycle expires.
Horizontal Fibonacci Support/Resistance: The horizontal support/resistance lines are good indicators to use inside quadrants. The light green 0.5 Fibonacci line and the grey 1.0 or 0 Fibonacci levels (mid-lines) are the most significant. Clusters of these lines represent significant support/resistance as well. Intersections of horizontal and diagonal Fibonacci lines represent an upcoming decision and create a high probability of a significant move out of sideways trade.
Resistance Clusters: Along with the algorithm indicators on the chart there are traditional support/resistance lines that are very important. When these lines converge volatility tends to increase. Under the cluster is a high probability short. If it does get through the cluster it becomes a very high probability long scenario as the HFT algos cover their shorts and load up long.
Targets: Red circles on charting. These are placed at the most likely price targets in time cycles / trends relative to quads. These are still in very early stage of development/testing and should be used for observation only at this point. Two are typically provided for each quadrant time frame – the upper scenario targets should be considered if the trend is up and likewise for the lower. I do not recommend entering trades based on these targets. Also, at times the mid quad support / resistance line is highlighted with a target if trade is not extremely bullish or bearish.
Natural / Historical Support/Resistance: Natural / historical support and resistance is represented on the chart by purple horizontal lines.
Conventional Charting: Conventional charting should be weighed against the model(s) with all trade decisions.
In summary, our first generation Bitcoin algorithm chart model uses the following indicators (listed from most predictable to least in terms of win rate):
Trading range created by long term algorithmic modeled quadrant support and resistance (blue dotted lines)
Trading range between buy/sell trigger levels (grey/green arrows and solid lines)
Directional channels formed by long term algorithmic modeled support and resistance
Horizontal Fibonacci support and resistance (multi-colored horizontal lines)
Conventional Natural support and resistance (purple horizontal lines)
Long term conventional trend lines (red diagonal lines)
Conventional MA’s
Bitcoin Algorithm (Daily Chart – Swing Trading):
Click link to open initial chart viewer screen, then share button at bottom right of screen, then make it mine, then double click on chart body to hide or reveal indicators at bottom of chart (MACD etc).
Algorithm Model on the Daily Bitcoin Chart:
Bitcoin Daily Chart is still in uptrend. Recent price action sideways however. 507 AM May 21 2018 $BTC $XBTUSD #Bitcoin
Bitcoin Daily Chart is still in uptrend. 50 MA tested as support. Price targets are in play. May 13 2018 $BTC $XBTUSD #Bitcoin
Observations / Chart Indicators: Trading Plan for Current Area of Bitcoin Trade:
May 21 – Trade is in sideways action recently but still in uptrend channel.
Per recent;
May 13 – The mid channel quad (horizontal fib) held price down and a retrace occurred.
The Bitcoin daily chart is still in the uptrend channel. Trading under the mid channel line (green dotted), so it is likely to near the bottom of the uptrending channel (yellow line arrow). But not likely to hit it perfectly as it is in an uptrend. It is likely to continue up prior to trade hitting the bottom of the channel. The opposite is true in down trends.
When price dumped it cradled in the 50 MA and bounced. Before a return to the bottom of the channel (per above paragraph) it is probable that trade will stay bullish in to that target in the 9808.00 region on May 21, this is a decent return considering intra-day trade at 8645.00 today. However, if price is lost to the downside of the 50 MA then a target hit is unlikely.
Those are your probabilities and my personal trading plan specific to the day model.
Daytrading Bitcoin – 30 Minute Charting
May 21 Price Targets:
Most bullish 9867.60
Moderate Bullish 8869.30
Bearish 7879.30
Most Bearish 6046.00
May 21 Daytrading 30 Min Chart that our machine trading team is using intra. $BTC $XBTUSD #bitcoin #crypto #trading
Bitcoin Daytrading 30 Min Chart that our machine trading team is using intra. $BTC $XBTUSD #bitcoin #crypto #trading
Per recent;
Bitcoin trade needs the 200 MA that’s overhead and 8873.00 mid quad to get higher short term. 130PM May 13 2018 $BTC $XBTUSD #Bitcoin
If you are reviewing this newsletter (as a historical unlocked post) and not a member of our service and would like a tour of our private discord server (trading chat / alerts etc) or our private Twitter member $BTC alert feed let us know. You can check out our call rate for yourself. Transparent trading is important to us.
May 21 – I will update recent alerts soon.
Intra bottom call. White arrow – alert sent. Green arrow – buy trigger. Red arrow – resistance (mid quad) on chart per alert sent. $BTC $XTUSD #Bitcoin #Cryptotrading
— Curtis Melonopoly (@curtmelonopoly) May 20, 2018
May 13 – Will post recent alerts soon when time allows.
Per recent;
April 29 – There have been many calls since bottom on our private server and private twitter feed… I’m not going to take the time to post them here right now but I will post this rant of tweets… the private member alerts I’ll post next report if time (they were all spot on alerts).
I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm
I even told ya how I knew where the bottom was. $BTC #Bitcoin #algorithm
Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot
Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading screenshot
Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading
Next should be insane trading in crypto space. Could be wrong… but I’m feelin it. #crypto $BTC $XBT $ETH $LTC #trading
$BTC near HOD and some bullish action on intra. Tweet screen shot.
$BTC near HOD and some bullish action on intra. Tweet screen shot.
$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls
$BTC near HOD and some bullish action on intra. $BTC #bitcoin #calls
Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading
Technical precision trading. Price target hit perfect on daytrading algorithm model charting. $BTC $XBT #Bitcoin #Crypto #Trading
Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin
Bitcoin coming in to a possible buy trigger zone on daytrading chart. $BTC #Bitcoin
$BTC Bitcoin popped now 400 points since alert of support. Not a bad RR here for long test. If nothing else a day trade.
Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. We start trading live again Monday so I’ll broadcast our trading group moves live for this setup. $BTC #Bitcoin #trading #crypto (alerted in private member Discord server)
Bitcoin time price cycle peak coming April 7 – path of least resistance down target but my bias is to up. Trade price. $BTC #Bitcoin #trading #crypto.png
And the result…. price is dumping in to lower target identified on trade alert…. intrad-day getting close. Charting wins. Trader bias not so good on this one.
Bitcoin did dump in to down target.
Ethereum Basic Algorithm Charting Model on Daily Time Frame:
Ethereum Daily Chart – Uptrend channel in play. Buy sell triggers at white arrows. Has 200 MA. Quad test on deck. $ETH $ETHUSD
Ethereum Daily Chart – Uptrend channel in play. Buy sell triggers at white arrows. Has 200 MA. Quad test on deck. $ETH $ETHUSD
Per recent;
Ethereum Daily Chart – Bounced before mid quad – bulls are in – channel in play. Main buy sell triggers noted with white arrows. $ETH $ETHUSD
Ethereum continues to be one of the most structured daily charts on any market. Love it. Very predictable trade. #algorithm #models $ETHUSD #crypto $STUDY
Ethereum continues to be one of the most structured daily charts on any market. Love it. Very predictable trade. #algorithm#models$ETHUSD#crypto$STUDY
— Curtis Melonopoly (@curtmelonopoly) May 13, 2018
Ethereum Daily Chart – One of my favs on any market. Channel working. Main buy sell triggers noted with white arrows. $ETH $ETHUSD
Litecoin Basic Algorithm Charting Model
Primary buy sell triggers on Litecoin daily chart:
475.00
381.00
287.00
192.00
98.00
May 21 – No significant change in charting, use previous link below. It has lost the lower channel support, is significantly under 200 MA and bearish unless it regains at minimum lower channel support.
Litecoin still holding near bottom range of channel but it doesn’t look great – to be determined. May 13 147 PM $LTC $LTCUSD
My name is Freedom the $SPY Algo. Welcome to my new S&P 500 trade report for Compound Trading.
Below you will find algorithmic model charting based on Fibonacci extensions, timing and various other principles. This is a very early stage development model (generation 2 – 5 modeling rolls out in 2018 and as a result the reporting frequency increase significantly – our more advanced algorithm chart models are 4th and 5th generation, such as EPIC the Oil Algo that is graduating to #IA coding).
Notices:
NA
How to use this charting model:
The S & P 500 model is different than others we have in development in that it functions on a number of time-cycles or time-frames, as such, you will see on some reporting a series of time-frames. This report includes a 1 minute model and a 60 minute model with buy sell triggers and reports in near future will include other time-frames for different styles / time-frames of trade.
The simplest way to use the charting is to consider all lines support and resistance decisions with the horizontal grey lines (marked with grey arrows) to be significant trading ranges in the model. The thicker the line the more important. And please consider that all support and resistance lines are approximate as this is a working chart model (a work-sheet). Horizontal and diagonal dotted lines are consider support and resistance.
This chart model is best weighed against conventional charting and used in conjunction with a conventional chart.
If you have questions about the best use of the chart model or private coaching options email our developers anytime at [email protected].
$SPY Algorithm – 1 Minute Charting (Intra-Day):
Current Buy / Sell Triggers for $SPY SP500:
292.29
290.70
289.15
287.58
286.00
284.45
282.88
281.30
279.74
278.17
276.61
275.02
273.46
271.89
270.33
268.75
267.20
265.62
264.04
262.47
260.92
When you open the live chart below in “viewer” mode you can then click on the share button at bottom right and then click on “make it mine” to open real-time chart. Double click the body of the chart to remove or institute indicators at bottom of chart (MACD, Stoch RSI, SQZMOM).
$SPY 1 Min model with current trading range buy sell triggers, fibs, quads, moving averages May 21 428 AM $SPXL $SPXS
$SPY Divergent trade returning to target area it tried to pass in the fast lane. See previous posts..png
5:18 AM – 18 Apr 2018 That 273.20 mark that comes due in a time cycle peak for $SPY at around 2:00 EST today…. that’s the start of a double extension getting really stretched on the models – corresponds with everything that moved. There ain’t much room available above that short term. Rest on deck.
That 273.20 mark that comes due in a time cycle peak for $SPY at around 2:00 EST today…. that's the start of a double extension getting really stretched on the models – corresponds with everything that moved. There ain't much room available above that short term. Rest on deck. pic.twitter.com/wKfBQ9njDc
$SPY building structure near the buy trigger and channel bottom we expected. It’s long while it holds area.
$SPY Time cycle peak on this simple model is now. If its going to follow channel up it will be soon that it starts. If not, it could be another channel down yet.
Welcome to my new FX: $USOIL $WTI oil trade report. My name is EPIC the Oil Algo and I am one of six Algorithmic Charting services in development at Compound Trading.
NOTICES:
New members to our oil algorithm chart model service – please on-board in a way that best equips you to be profitable. Visit my Twitter feed (@EPICtheAlgo) and review tweets over the last few months, visit our blog and review my recent blog posts, our You Tube channel “how my algorithm works”, “how to use my charting”, the weekly EIA report videos and our website (it explains how I was developed). Reviewing those points of reference will increase your chance of success considerably. In this report, some recent example “how-to” videos are include below.
Oil Trade Coaching – Users of this algorithm chart model may opt for private one-on-one coaching with our lead trader and / or an experienced trader that has worked under our lead trader. On our website standard one-on-one online coaching packages are made available (coaching via Skype) or you can request a customized package (reflecting the time you wish to invest in learning). To request a custom package suited to your needs email [email protected] or click here for standard private trade coaching packages. Other options for coaching include online webinars and private on location and in-person coaching sessions.
Oil Trading Room – How to Use My Oil Algorithm
Oil Trading Room – How to Trade Intra-day with my Algorithm Charting
MULTI-USERS: Institutional / commercial platform now available.
SOFTWARE: My algorithmic charting is planned to go to developer coding phase for our trader’s dashboard program. Please review my algorithm development process, about my oil algorithm story on our website www.compoundtrading.com and my oil algo charting posts on my Twitter feed and/or this blog.
HOW MY ALGORITHM WORKS: I am an oil algorithm model in development. My math is based on traditional indicators (up to fifty at any given time each weighted on win ratio merit – all not shown on chart at any given time) – such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and various other charting, geometric and mathematical factors. I do not yet have AI or Geo Political integration – only math as it relates to traditional indicators with the primary goal being probabilities. I am not a high frequency robot type algorithm – I am presented on (and used on) a traditional trading chart as one would normally use as a probability indicator. The goal is to provide our trader’s with an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil.
Below you will find a simplified view of levels that can be used on a traditional chart (both intra-day and as a swing trader or investor). This work and associated trade, should be considered one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on. Questions to; [email protected], message our lead trader on Twitter, or message a lead trader in the trade room.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE SIGNAL (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.
FX: $USOIL $WTI Observations:
Below is the link for the live chart version of EPIC the Oil Algorithm Live Real-Time Trading Chart for May 21, 2018. Click on share button (bottom right beside flag) and when that screen opens you can click on make it mine to make edits etc:
Oil current trade. May 21 338 AM EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Oil current trade. May 21 338 AM EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
May 21, 2018
The first most predictable trade is the significant resistance cluster area formed by red trend lines (see previous posts and supplemental conventional charting below). As noted in the previous reports, at this point (as you will note when reviewing the charting below) trade has cleared all conventional trend-line resistance points to the upside.
The second most predictable trade (wide trading range primary resistance and support that become predictable buy and sell triggers). Current algorithmic model wide trading range resistance (grey arrow – grey horizontal line) at approximately 72.54 in the current trading range. Current algorithmic model wide trading range support (grey arrow – grey horizontal line) at approximately 68.93 in the current trading range – these areas are general range support and resistance areas (our algorithm uses a .15 – .20 cent buffer on either side for these trades). Trading between the resistance / support horizontal grey lines is extremely profitable risk – reward if one is disciplined to the patience required and follows the trend of trade.
The lower trading range is 65.32 to 68.93
The upper trading range is 72.54 to 76.15
Trading Bias / Forward Guidance: Per recent posts I am looking for continued long bias trading to resistance at 72.50 – 73.50 region (could over shoot near 75.00). Trade price and watch for alerts..
Third most predictable trade (support and resistance of uptrend or down trend channels). On the chart an upward trending trade channel is presented and a downward option (channel support and resistance / trading range is represented as diagonal dotted orange lines and purple arrows – as made available, assist in displaying directional trade decision areas).
Fourth most predictable trade (support and resistance of 30 min quadrants). The diagonal lines make up quadrants (in this instance on a 30 min chart) and are represented as orange diagonal lines that make up geometric diamond shapes. These lines also assist in intra-day trade.
Fifth most predictable trade (support and resistance of most applicable Fibonacci) the Fib support and resistance lines are the horizontal lines in various colors with the exception of purple and yellow (see below). These horizontal lines become support and resistance for intra-day trade.
Sixth most predictable trade (support and resistance of historical support and resistance) Natural / historical support and resistance lines shown in purple or yellow – they represent historical support and resistance. The strongest of the historical support and resistance lines are shown in yellow horizontal and are typically accompanied by a yellow arrow marker.
Seventh most predictable trade signal we use are the time and price targets (red circles). When trade is in a significant uptrend or downtrend the targets become very precise and move up the indicator priority list quick.
Tues, Wed and Fri targets are most predictable in extended multi week uptrends or downtrends.
The Eighth most predictable trade is intra-day. You will notice on some of the charting geometric shapes in green on some of my charting (at times). They are charted live in the trading room and at times the lead trader will highlight these areas intra with white outlines (typically geometric shapes such as diamonds or triangles).
Wide Trading Range – Buy and Sell Triggers for Swing Trading:
Trade the ranges noted above between the thick grey lines (grey arrows) for the most predictable swing trades in the lower region are between 58.13 to 61.72, 61.72 to 65.32, 65.32 to 68.92, 68.93 to 72.54 and 72.54 to 76.15. This is a highly profitable risk-reward way to trade oil if you can be patient to trigger at only the break of the wide range charting areas and are disciplined to cut a losing trade that does not prove in your anticipated trend.
Or trade the range between the channel diagonal lines at support and resistance in up or down channel.
Oil up channel scenario. May 21 336 AM EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Oil up channel scenario. May 21 336 AM EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Oil down channel scenario. May 21 337 AM EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Oil down channel scenario. May 21 337 AM EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Oil Swing Trading Chart Considerations with Price Targets:
Monthly charting review:
May 21 – Oil Monthly. Above important chart pivot nearing 100 MA. Use caution long in to 100 MA resistance. $USOIL $WTI $USO #OIL
Oil Monthly. Right at pivot, between 100 MA Resistance 200 MA Support. MACD SQZMOM trending up Stoch high. $USOIL $WTI $USO #OIL
Oil Monthly. Right at pivot, between 100 MA Resistance 200 MA Support. MACD SQZMOM trending up Stoch high. $USOIL $WTI $USO #OIL
Watch the indicators close for a turn if trade nears that 100 MA (Stochastic RSI, MACD and SQMOM).
I would expect oil to coil that pivot (yellow line) and bounce between 100 MA and 200 MA range on monthly for some time. Yet to be seen… but it’s highly probable imo.
Per recent;
Oil Monthly chart. Likely resistance at 100 MA support at 200 MA pivot at yellow line. $USOIL $WTI #OIL
Oil Monthly chart shows next significant resistance at 100 MA. $USOIL $WTI #OIL
Weekly Charting Review:
May 21 – A feature post was published this week to review time cycles, retrace possibilities on the other side of time cycles on the weekly charts. Below is the post link:
Significant resistance at 74.71 on weekly nearing FX $USOIL $WTI Weekly Chart.
Diagonal Trend Lines:
Diagonal trend-lines are critical inflection points (currently represented in red below on our conventional charting).
Please review many of my recent posts so you can learn about how important these diagonal trend-lines are. If one is breached you can look to pull-back to next diagonal trend line about 90% of the time. Also pay attention to how thick the lines are – the thicker the line the more important because they represent extensions from previous time / price cycles.
Remember you can come in to the chat room to message the trader and REMEMBER I have posted a live chart link in this post so if you can’t see the lines well on this chart above you can go to the live chart link and watch for member live algo chart links through-out the day in your email inbox!
The diagonal trend-lines are marked on chart below:
Per previous:
Oil has now cleared every trendline resistance provided on conventional charting I’ve posted last year. $USOIL $WTI $CL_F #OOTT #OIL $USO $UWT $DWT 233 PM Jan 1
Oil has now cleared every trendline resistance provided on conventional charting I’ve posted last year. $USOIL $WTI $CL_F #OOTT #OIL $USO $UWT $DWT 233 PM Jan 1
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Notice how when the daily chart is opened, the simple lines extend to current day trade.
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Fibonacci Levels:
Watch the lines for support and resistance. Careful using them as traditional retracement levels with crude because the algo lines etc are more dominant / predictable. But the Fib lines are excellent indicators for intra-day trade support and resistance.
The Fibonacci lines are marked on main chart above.
Horizontal Trend-Lines (purple):
Horizontal trend-lines are not as important as the other indicators reviewed above, however, they do serve as important resistance and support intra-day for tight trading and they are important if thick (in other words they come from previous time / price cycles). WE STARTED TO REPRESENT THE REALLY IMPORTANT LINES IN YELLOW FYI FOR EASE. Refer to chart for current applicable horizontal trend-lines.
Horizontal trend-lines are marked on charts above.
Oil Time / Price Cycles:
Watch your email and / or my Twitter feed for time price cycles they may start to terminate.
Time / price cycles are the single most important indicator and my record calling them is near 100% – since inception seven months ago. The reason they are so important is that a trader does not want to be holding a crude oil instrument at termination of a time cycle if not absolutely sure if price will go up or down. A trade may choose to enter a large position in advance of a time price cycle termination IF THERE IS A HIGH PROBABILITY OF A DIRECTION IN PRICE and if the market is trading at a really important pivot area. In other words, if the market is trading at the bottom of the upward trending channel at a support (yellow lines) and we knew there was a significant probability of a time cycle about to terminate a trader may enter with a long position. The price really spikes or drops significantly when these important time cycles terminate.
The problem with time / price cycle terminations is they change from minute to minute (depending on where price is on the chart) so you have to be in the trade room to get the alert. Our lead traders will do everything they can in future to send these on SMS but we have to be careful because it can be difficult with so much going on in the room. The reason they (time cycles) change is because they are actually represented by or are geometric shapes in the chart – I know it sounds odd but I have (as I mentioned) hit these calls just shy of 100%. The oil political people know the same algorithmic modeling principles and they ALWAYS TIME THEIR BIG ANNOUNCEMENTS AROUND THE TIME PRICE CYCLE TERMINATIONS.
So if you can picture a triangle on the chart – and price is trading in the triangle – and price is going to come to the edge of the triangle and there is a significant support or resistance or an algo line terminating there too or a target (those type of indications)… then we know there is a high probability of a time and price change. In other words, it is where there are clusters of algorithm points that cross and when price is going to cross over that cluster is where they are. And these are represented on all the different time frames – the larger the time frame – the larger the time price cycle termination – the larger the spike or downdraft. This is where we establish our intra-day quadrants from for sniping trades (which we will put in to the room soon because it looks like the geo political rhetoric is over for a while making them more predictable). Difficult to explain in short. So we will do our best to SMS alert these in future.
Also, the real large or important time / price cycle terminations we know far in advance and they can be put in these newsletters.
If you review my Epic the Oil Algo Twitter feed, my blog posts and my story on our website you will get a feel for how accurate these calls are.
Alpha Algo Trading Trend-Lines (Primary – Red dotted lines. Secondary – White dotted lines):
To determine which algo line is most alpha (or probable) intra day, it is the nearest line to price action. This can also help you determine the trend of trade. If the algo line is trending up the price will follow it up until price is tested at an algorithm indicator (the main tests are diagonal trendlines, horizontal trendlines, time / price cycles etc – as I have shared with you). This is why it is important to watch all the lines because they are all support and resistance. To keep it simple trade the range (yellow lines) as I’ve mentioned but keep an eye on these indicators.
Current Alpha Algo Targets (Red circles):
Your closest target that crude is trending toward is always the most probable.Then, your second most probable is the one that is up or down trend depending on whether general price is in an upward or downtrend for the most recent week or so and what your other indicators look like (such as the MA’s I explained above).
The other way to determine which targets are in play is actually quite simple, you will notice that crude trades between the channel lines up and down and up and down and there are various support and resistance along the way. If it hits a target at the top of the channel you can bet most times (unless the next day like today) that the next target hit will be at the bottom of the channel.
Wait for the price to trend toward a target and take your position and watch as price gets closer and closer to the target. Remember, that the machines trade from decision to decision – or in other words from support to next resistance or resistance to next support or when the times come each week on Tuesday Wednesday and Friday they will trend toward the target that market price action determines they go to.
Our lead trader will explain more in the room and do not hesitate to ask our lead trader in the room by private message or on twitter to explain intra day decisions.
Recent Live Oil Trade Alerts:
May 21 – Will update the alerts section soon.
May 13 – Will update the alerts section soon.
April 29 – I will update the trade alerts on the next report when there is more time. The bottom line is that since last report the trades have been fantastic winners.
EPIC on fire, not quite 100% win rate, but close. Oil hit all 5 price targets from Friday alert. I left early so only got a piece of it. Alert- Long 67.73 scalp intra on FX $USOIL $WTI with 67.43 stop. PT 68.49. Trim at and add over res 67.85 68.07 68.14 @OilAlerts_CT
EPIC on fire, not quite 100% win rate, but close. Oil hit all 5 price targets from Friday alert. I left early so only got a piece of it. Alert- Long 67.73 scalp intra on FX $USOIL$WTI with 67.43 stop. PT 68.49. Trim at and add over res 67.85 68.07 68.14 @OilAlerts_CTpic.twitter.com/PJuxQw9nqZ
Oil hit all 5 price targets from Friday alert. I left early so only got a piece of it.
Oil hit all 5 price targets from Friday alert. I left early so only got a piece of it.
Just noticed I accidentally put the short side trade alert on my personal twitter feed https://twitter.com/curtmelonopoly/status/986147196658647040 … “Oil short side bias trade setup intra trading 66.47 with 66.20 target expiring btwn 230 and 630 AM ET. Tight stop SS initial alert. Unclear at this point.”
Trading 66.30 from 66.47 entry nearing 66.20 SS target – trim short bias
Trading 66.24 cover trim on way to target
There it is – 66.20 intra day short target reached – bias to all or near all cover here from 66.47 intra scalp alert.
Oil short side trade intra set-up on watch at top of quad.
Per recent;
“Oil is very near a quad trading range support area (gray) and lower quad time cycle peak. $USOIL $WTI $CL_F $USO $UWT $DWT #OOTT”
Fantastic #EIA trade near quad support, buy side steps in, first resistance hits, boom. Near perfect. $USOIL $WTI $CL_F $USO $UWT $DWT #OOTT
Fantastic #EIA trade near quad support, buy side steps in, first resistance hits, boom. Near perfect. $USOIL $WTI $CL_F $USO $UWT $DWT #OOTT
Oil is very near a quad trading range support area (gray) and lower quad time cycle peak. $USOIL $WTI $CL_F $USO $UWT $DWT #OOTT
Oil is very near a quad trading range support area (gray) and lower quad time cycle peak. $USOIL $WTI $CL_F $USO $UWT $DWT #OOTT
The alert detail as it was posted on feed. Short side trade alert. EPIC Oil Algorithm Chart Model FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Summary of short side trade alert. EPIC Oil Algorithm Chart Model FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo https://www.tradingview.com/chart/USOIL/yi9JI683-Summary-of-short-side-trade-alert-EPIC-Oil-Algorithm-Chart-Model/ …
Perfect price target hit Wed 1030 as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo #EIA
Perfect price target hit Wed 1030 as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo #EIA
Trade moving in to Wed 1030 PT as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Trade moving in to Wed 1030 PT as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Trade fell in to Tues 430 price target (early) and on track to Wed 1030 PT as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Trade fell in to Tues 430 price target (early) and on track to Wed 1030 PT as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Keep in mind that there are three price targets per week for down channel and up channel scenarios. Below are examples of targets hit to upside channel or down channel.
Price target hit for Tues 1030 #EIA as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Price target hit for Tues 1030 #EIA as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Tues 430 price target hit as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL #OOTT $UWT $DWT $USO
Tues 430 price target hit as provided on weekend report. EPIC Oil Algorithm $USOIL $WTI #OIL #OOTT $UWT $DWT $USO
Tues Mar 13 430 #OIL perfect hit to price predict target as provided on prior wknd report. EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
Tues Mar 13 430 #OIL perfect hit to price predict target as provided on prior wknd report. EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
Wed 1030 Mar 14 #EIA #OIL perfect hit to price predict target as provided on prior wknd report. EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
Wed 1030 Mar 14 #EIA #OIL perfect hit to price predict target as provided on prior wknd report. EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
Per recent;
Tues Mar 6 price target perfect hit to minute and penny as provided on prior weekend report. EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Private Member Server Screen shot of #EIA #OIL targets in play from wknd report. EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
Private Member Server Screen shot of #EIA #OIL targets in play from wknd report. EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
#EIA #OIL price target in play as provided on wknd report (Tues hit perfect). EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
#EIA #OIL price target in play as provided on wknd report (Tues hit perfect). EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
#EIA #OIL upper price target touch only and dumped in to lower target as provided on prior wknd report . EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
#EIA #OIL upper price target touch only and dumped in to lower target as provided on prior wknd report . EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
#EIA #OIL in to lower target as provided on prior wknd report . EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
#EIA #OIL in to lower target as provided on prior wknd report . EPIC Oil Algorithm Chart FX $USOIL $WTI $USO $UWT $DWT $CL_F #OOTT #Algo
Screen shot of price and time target hit as provided on report 5 days prior. EPIC Oil Algorithm FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Screen shot of price and time target hit as provided on report 5 days prior. EPIC Oil Algorithm FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Wed #EIA 1030 Feb 28 perfect hit to target at exact cent and minute as provided on weekend report. EPIC Oil Algorithm FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Wed #EIA 1030 Feb 28 perfect hit to target at exact cent and minute as provided on weekend report. EPIC Oil Algorithm FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Tues 430 Feb 27 price time target perfect hit as provided on weekend report. EPIC Oil Algorithm FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Tues 430 Feb 27 price time target perfect hit as provided on weekend report. EPIC Oil Algorithm FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Fri Feb 23 price time target perfect hit as provided on report 5 days prior. EPIC Oil Algorithm FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Fri Feb 23 price time target perfect hit as provided on report 5 days prior. EPIC Oil Algorithm FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Per recent;
Oil Wed 1030 AM EIA report price target perfect hit, as provided on weekend report. EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Oil Wed 1030 AM EIA report price target perfect hit, as provided on weekend report. EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Trading quadrants are simply support and resistance lines that can assist your intra-day trading – they are not alpha or primary support and resistance by any measure. Price action does however typically move more assertively when leaving a trading quadrant.
Indicator Methods:
As explained above, my algorithm is a consideration of up to fifty traditional indicators at any one time – each one given its own weight in accordance to its accuracy (win rate). This is how we establish the probability of specific targets hitting (we call them alpha algo targets).
Alpha Algo Targets, Algo Trend-lines, Algo Timing, Quadrants for Intra Snipes
Algo targets are the red circles – they correspond with important times each week in oil reporting land. Tuesday 4:30 PM, Wednesday 10:30 AM and Friday at 1:00 PM. The red dotted diagonal lines are the algo trend-lines. And the vertical dotted (red or green) are marking the important times each week. You will find that the price of crude will hit one of the alpha algo targets about 90% of the time. In the absence of market direction the machines take price to the next algo line and/or target. Understanding how the price of crude reacts to the algos and how they move price from target to target is critical for intra-day and swing trading crude oil and associated instruments.
You will notice that price action of crude will use these algo trend-lines and act as support and resistance, and that price also often violently moves when an alpha algo line is breached either upward or downward.
We cover this in much more detail in the member updates, trading room. A review of my Twitter feed and previous blog posts will help you understand the relation of these indicators. We will start posting video blogs (for my subscribers) on YouTube (in addition to my daily blog posts) for swing traders that work during regular trading hours.
Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).
Conclusion:
See you in the live trade room! And again, if you struggle to know how to use these indicators as a trader’s edge, it is recommended (if you have earnestly reviewed all of our documentation first) that you obtain private coaching prior to trading a real account with real money – we recommend you use a paper trading account at first.
You can also send specific questions to our email inbox at [email protected] – if you do this be sure to ask a specific question so it can be answered specifically. When the 24 hour oil trading room opens you will have ample opportunity in that 24 hour room to ask questions also.
Watch my EPIC the Oil Algo Twitter feed for intra day notices and your email in box for member only material intra day also.
EPIC the Oil Algo
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Going Back to 2002, Twelve of last Thirteen Major Time Cycle completions on Weekly Oil Chart (a significant structure) have a Trend Reversal to one extent or another.
This structural set-up should not be ignored by oil traders as the weekly chart is a significant structural consideration for long / short bias in trade planning and positioning.
Consideration toward indicators or chart set-ups / patterns in your oil trade planning is good (technical), as is fundamental research.
However, relying on limited individual charting indicators or set-up patterns (such as moving averages, MACD, head and shoulder pattern, etc) to form a bias can be problematic as it doesn’t provide a complete “structural” perspective to effectively form trade bias / positioning.
In our work, we rely heavily on chart structure on various time frames (1 min, 3, 5, 15, 30, 1 hour, 2, 4, Daily, Weekly and Monthly).
Above all else, the structure of the trading instrument (in our work and trade) is trump consideration. We know that all financial instruments have a structure and it is this structure that allows our trade positioning and our machine coding to operate at a significant advantage to the broad market.
If you wish to confirm our call record, contact me anytime for a personal tour of time stamped alert feeds, private user feeds and more.
January 2019 Update:
It happened again… today I posted an updated chart that brings the count to 13 out of last 14 time cycles, see below.
Dating back to 2002, 13 of 14 major time cycles on weekly crude oil chart structure seen trend reversal to some extent or another #Oil #OOTT #TimeCycles FX USOIL WTI $CL_F $USO $UWT $DWT
The Technical Significance of the Weekly Oil Chart and Structure Presented:
Specific to the point of this post, below is the oil chart I published to Trading View that shows the time cycle peak areas of oil on the weekly chart. The weekly oil chart is a significant structure because it is one of the broadest time frames the market uses to chart the trade of oil.
Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another #OILChart
The vertical green lines show the date(s) of the peak time cycle area. You will notice that oil trade has reversed trend 12 of the last 13 time cycle peak areas. In some instances immediately and in some instances a few weeks later. You will also notice that the trend reversal is at times considerable and at other times not so much. The only time cycle peak that did not see a trend reversal was during the price plunge in October of 2014.
The yellow arrows on the oil chart denote area of trend reversal (in some instances a simple retrace and in others the reversal in oil trade is much more significant).
The diagonal blue lines are simple Fibonacci related trendlines that form what we call Trading Quadrants (the term comes from the lab work we do in preparation for machine coding of our algorithm models).
The horizontal lines are Fibonacci related support and resistance (retracement) lines. Our Fibonacci work is formed specific to chart structure and not conventional Fibonacci retracement work you may usually see from market chartists.
The red circles are targeted areas of precise trade that we note for our reference and purpose as it relates to our work. Not a significant indication on this chart for the point of this post.
The moving averages 20 MA, 50, 100, 200 are also on the chart and also not significant to the point of this post.
Below are Oil Chart Snap Shots From 2002 to Present (Note the Symmetry):
Symmetry and patterns in trade are important, especially if symmetry can be established within time cycles with some regularity. The chart images for oil trade from 2002 to 2018 (present) display the importance of this type of work.
Oil Charting Jan 2002 to Jan 2009 shows a consistent pattern / symmetry of oil trade trend reversals at time cycle peaks. $USOIL $WTI $CL_F #OIL
Oil Charting Jan 2002 to Jan 2009 shows a consistent pattern of oil trade trend reversals at time cycle peaks. $USOIL $WTI $CL_F #OIL
Oil Charting Jan 2008 to December 2014 also shows the trend reversal pattern with one exception in Oct 2014. $USOIL $WTI $CL_F #OIL
Oil Charting Jan 2008 to December 2014 also shows the trend reversal pattern with one exception in Oct 2014. $USOIL $WTI $CL_F #OIL
Oil Charting from Aug 2013 to present day in May 2018 also displays the trend reversals post time cycle peaks. $USOIL $WTI $CL_F #OIL
Oil Charting from Aug 2013 to present day in May 2018 also displays the trend reversals post time cycle peaks. $USOIL $WTI $CL_F #OIL
Where are We Now?
Oil trade is now on the other side of an important time cycle completion / peak, as with the last thirteen time cycles highlighted in this post.
There is a very high probability of a reversal in trend, whether it be a simple retrace or a completely new trend develops.
How to Trade The Next Move in Oil:
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