Tag: positioning

Premarket Trading Note: #OPEC, #OOTT, $CL_F, $USO, Gold, Silver, $VIX, $SPY, $NG_F, $BTC, Themes, Swing Trading, $STUDY, Webinar, P&L

Curt MelonopolyPremarket, , , , , , , , , , , , , , , , , , ,

Good morning Traders!

Crude oil topped out yesterday in its run up from lows April 28 – now (at time of writing I see price is spiking in premarket and bulls may take another run at highs). The OPEC pump is on.

We wrote a two part article on the time cycle work we are doing in crude oil trade specifically to the one hour time frame, we called the intra-week top tick almost to the penny and time, days in advance. You can read the article that includes the oil trading room minute by minute with trade alerts here.

https://twitter.com/EPICtheAlgo/status/1255927696447737858

It is important for all instruments of trade if you’re going to trade the future markets to understand what the machines are doing, they do drive price along with other reasons of course.

Our machine coding to equities, commodities, currencies and crypto are all rooted in the discipline of the analysis you will find in that article I reference (it is a two part article that is thick and difficult to read but if you put aside an hour you will understand the concept and it will help you in any trading of any instrument for daytrading and swingtrading).

Our timing with the recent profit trims in Gold $GC_F $GLD $XAUUSD was excellent in the 1720s. Gold is now trading 1678.00 in premarket and we are looking at adds long at bottom of chart structure in your reports.

Natural Gas is up nicely this morning, we’re looking for adds to the long starter we have, however, I’m not sure where we are going to add, watch the alert feed.

Our profit trims in SP500 $SPY long positioning was executed quite well, we knew there was a high probability of time cycle inflections in to end of week (considering the Thursday afternoon oil time cycle peak) as alerted, so this worked out really well. Here also we’re looking for adds to the positioning, watch the alerts.

The Volatility long trade in to peak last cycle was near perfect with $VIX and $OVX (20s to 330s) and the alert last few days surrounding supports near was also spot on, we haven’t added to our long positioning yet, but it shouldn’t be far out.

The Bitcoin $BTC long positioning and recent trims on resistance are good but it’s still in bull mode this morning at time of writing 8938.00, so it’s an excellent swing trade no doubt, we’re watching for top of structure on model charting you have to see more profit trims.

Silver $SLV as expected is still under pressure and we’re just looking for adds to long positioning at chart model supports (see your reports).

Equities this recent cycle, timing was almost perfect, it was a great start to the cycle. I had called the cycle to start April 10, 2020 and the our models had it about 10 days prior (the models were closer than my call) but it couldn’t have been better. Timing cycles have been fantastic. Market highs we got, the down turn we nailed really hard and now this recent run up has been a good start. And even this week calling an interim rest in the cycle was spot on. Now we’re in $STUDY mode as we took our profits in to last few days.

I’ve received a number of personal notes from our Swing Trading Alerts platform users recently (on email mostly) and I think I’ll be asking you folks if I can post them anonymously to our website as swing trade reviews for other traders looking in to swing trading services. I appreciate hearing from you, it does make the work we do worthwhile when you hear about traders becoming disciplined consistently profitable traders. It will be good to meet as many of our new trading members as can make it out in the near future. Eventually most end up visiting the island.

Don’t miss the Sunday Swing Trade $STUDY Webinar series restarting this Sunday at 7 pm. If you’re not a registrant there are still 4 spots for this Sunday. If you can’t attend live the videos are sent out thereafter. 

I will be in a location this weekend again where high speed stable internet is 100% as we know the area well.

Next week will be very active in the live trading room and we start daytrading the swing trade set-ups on lower time frames also soon (this requires us updating the swing trade charting to lower time-frames for daytrading, coming soon).

EPIC V3.1.1 crude oil trading alerts have been firing very well post Black Swan code updates. Last night taking a short side trade that was almost to the minute perfect. Huge range in that short so it worked out well for our oil traders.

 

Beauty of a short sequence EPIC V3.1.1 started at 100 AM, chart, alert and article that explains why and how we knew the top price and time explained on this thread $USO $CL_F $UCO $SCO $GUSH $XLE
Beauty of a short sequence EPIC V3.1.1 started at 100 AM, chart, alert and article that explains why and how we knew the top price and time explained on this thread $USO $CL_F $UCO $SCO $GUSH $XLE

Themes will be the power of returns in the next time cycles in to the election and beyond, we’re working at these every day and you can expect a lot more swing trade set-ups over the weekend and in to next week.

Today my advice is to go very easy, put your time in to $STUDY, every hour invested in preparation for markets pays massive dividends.

I wouldn’t expect super active trade in the live room today, but you never know. I would however expect such next week to be extremely active as I’ll have my high speed line to work with and there are a number of videos I need to do, like a $STUDY on how to scan for swing trade set-ups, how to trade the one hour crude oil model we’ve recently locked in for our oil traders and various others.

Oh, and I have the most recent time cycle swing trade profit and loss in my hands, I’ll review and add study notes and send out this weekend. This will also help those looking for a current trade position listing. Blow out performance, it’s getting better as we go, which is good of course!

If you want direct access to me on Whatsapp send your request on email and I’ll connect on there with you. It works well as sometimes I am away from my trading desk and if you need a hand with a trade I’m right there right now.

As always if you need anything be sure to email [email protected] and have a great weekend!

Thanks

Curt

 

Article Topics; Premarket, Trading Room, #OPEC, #OOTT, $CL_F, $USO, Gold, Silver, $VIX, $SPY, $NG_F, $BTC, Themes, Swing Trading, $STUDY, Webinar, machine trading, time cycles, positioning, P&L

 

Read More