Friday Mar 10, 2017 EPIC the Oil Algo Oil Report (Member Edition). FX: $USOIL $WTIC – $USO $CL_F $UWT $DWT $UCO $SCO $ERX $ERY $GUSH $DRIP
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:
Good morning,
We are in the process of re-running the algorithm for the main indicators (ten to begin with) each sixty months back tested on each time frame (1, 3, 5, 15, 30, 1 hr) against current trade.
This back-testing process takes days when trade breaks as has just occurred. The majority of this process will be complete after Tuesday 4:30 and Wednesday 10:30 time cycles complete next week (about 80% confirmed) and then won’t be 100% confirmed until the week after.
Nonetheless, as this process plays out you will receive new charting almost daily, the first of which will be this Sunday evening. Most importantly the important updates will be following next week Tuesday 4:30 and Wednesday 10:30 am and then final clean-up the week after.
If there is a confirmed downtrend (or evening a re-established uptrend) this is the best scenario because the weekly targets on Tues, Wed and Fri become very predictable and of course our traders appreciate that. Or, if it turns out that between now and next week Tues and Wed and the following week Tues and Wed trade resumes in a sideways pattern then targets are not as predictable as you have seen the last number of weeks. Either way, that is the basic timeline for resetting the algorithmic chart modeling.
For now there is a link to an interim chart with targets on it BUT DO NOT IN ANYWAY expect them to hit. This is an interim chart more because our traders use basic indicators at this juncture for possible intra day trading.
So Sunday there will be an update, but the real actionable updates will recommence after this Tuesday (so Tuesday evening in advance of Wednesday trading).
Interim internal trader charting
https://www.tradingview.com/chart/USOIL/icCFB4ca-EPIC-the-Oil-Algo-Temporary-Charting/
Thank you.
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
PS If you are not yet reviewing the daily post market trading results blog posts, please do so, they are on the blog daily and often there is information that also may assist your trading. Trade room transcripts (for example) may review topics pertinent to your trading.
Article topics: EPIC, Oil, Algo, Crude Oil FX: $USOIL $WTI, $USO, $UCO, $CL_F, $UWT, $DWT, $ERX, $ERY, $GUSH, $DRIP, Chart, Algorithm, Indicators, Fibonacci