Hello, i just closed a trade based on the report Crude Oil inventories, it came lower that forecast and demand came lower also, so, this means NO growing so there is no need of crude PRICE should FALL!!!..
Thanks for sharing your journal and thoughts on the trades you take. I wanted to direct you to this thread started by @Fat Tails . He has looked at the NT7 Murray Math indicator and concept in depth and has some findings that you may want to be aware of.
Today we have another news event that moves the market and is the "Unemployment Claims" expected at 376K, of course if this number comes lower than the forecast this is good for the USD, and since we have negative correlation between the USD Index and Crude if news come positive for the Dollar the crude is likely to fall and the contrary is also valid.
I´ve been a fan of Divergence for quite some time, and i found an indicator here in futures.io (formerly BMT) that let me try any combination between price and any indicator, so i´ve been testing and have found that trading divergence between price and VOLUME, is the most accurate one, more that stochastics?? my answer is YES!!, so i would like to share with you this indicator maybe helps someone.
This Indicator rules!!! why??!! it lets you choose any indicator you want to look for Divergence with price, you just have to go to indicator window, select the indicator and go to "Imput Series" and choose any indicator you want to look for divergence.
I …
Some of you maybe wondering how to use the indicator i talked about in the Elite Download section, i wanted to add some details on how **I use it** and combination you can do with the indicators you choose.
I will explain with images because is easier to understand it,
---> In Image one you will see i´ve selected the indicator, there you can see my settings on how the indicator works better also, i have pointed a button at the right side of imput series when you click on that button..
---> Image two you see how it looks when you click on the Button for imput series when you select an indicator shows you the settings and this you change at your will, then you just click ok, and you are done.
NOTE: on image three i have pointed that is very important that you select the chart time frame you are using as you can see in the image i have 10 and range, that is because i have placed the indicator in a 10 range bar chart.
JDNeeman I'm wondering what "indicator" you used. In your pictures it shows the MACD. I put that up and couldn't get my chart to have the signals you have on yours. So what indicator are you using? Also I understand you have to select the time fram your using in the divergence indicator, and I had done that to, and still couldn't get it to match yours. Thanks.
