“Oh, you’re gonna get your chance to dance alright!”
So, here we are on the unofficial last, great weekend of Summer, celebrating “Union Thug Day” [as my late Grandpa used to call it], so government apparatchiks can get another paid holiday. And as I look out into the horizon of September, boy do I see storm clouds “a brewing”.
Well, first up, today wasn’t exactly “sleepy time” for overnight oil traders was it? Not exactly the Monday Holiday many were figuring on; at exactly 3:18 A.M. New York time, all hell broke loose with some headline shenanigans from the Ruskies about possible “ties” with Saudi Arabia, and maybe by inference, a possible production freeze in crude [“haha, that’s a good one … a production freeze … hell, everybody is already on MAX production, so what difference does it make to freeze it there? … this is just such bulls… Another attempt at blatant rumor mongering to make prices rise … well “F” this … I’m selling … wait, what’s this? … a buck rally – no – 2 bucks and change? … Holy sheets Batman!... Oh God, why am I trading at 3:30 A.M.?”].
Well, that didn’t take long to escalate to DEFCON 1.
Gold, FX, and stock indices for their part could have cared less about the ruckus in oil, and I can happily report they are slumbering well this Holiday.
I can tell you today, though, that I finished writing the crude oil algorithm manual yesterday, and what’s left for me to do is 1) pretty it up and put lipstick on it, 2) proof read it and make sure I’m not spelling words like an Obama voter, and 3) transfer it all over to box.com for your viewing and download pleasure, along with the appropriate mq4 files. Everything will be up in the “Download Links” section of the website [right hand column] here in the next day or so.
The crude oil algorithm, like gold, will be broken up into 3 parts; 1) components, 2) implementation, and 3) the mq4 files [the computer code for the MT4 trading platform on the M1 candlestick chart]. Please make sure you read both [mq4 files cannot be read, only downloaded], as there is important information you need for trading crude oil in the components section as well.
Outside of creating the concept of the “exhaustion lines” and categorizing their respective energies in Risk Models [RM] 1 through 4, which by the way I consider my greatest contribution to the serious trader community, the new concepts that I lay out in the components section of the crude oil manual I am very excited about. I’ve been trading crude for about 2 months now using the oil volatility algorithm along with gold; if you follow the rules and stay patient and disciplined [and by default don’t do “stupid shit”], there is almost no way you can consistently lose money over time without some catastrophic collapse in crude oil volatility to levels unseen before.
I fully realize that for many Newbies out there, a lot of you don’t like trading gold, are terrified of FX, and hate stocks. Well, I’m happy to say I got the solution for you, in U.S. business hours, that can fit any size trading account; big, small, and down right non-existent. In other words, there isn’t any reason in the world not to trade crude oil! Until tomorrow …
Have a great Labor Day everybody!
OPEN A DEMO AND/OR LIVE ACCOUNT AT THE LMFX LINK IN THE “DOWNLOAD LINKS” SECTION OF THE WEBSITE TITLED “OPEN TRADING ACCOUNT – DO IT NOW!”
OUR LMFX GOLD TRADING PAMM WILL BE READY AS SOON AS LMFX GETS THROUGH WITH UPGRADES TO ITS PAMM SOFTWARE! WE ARE VERY CLOSE; OPEN YOUR LIVE TRADING ACCOUNT TODAY, FUND IT, AND BE READY TO PARTICIPATE!