20060329 Stopped out of the position. Count resets to 1. 

Crude Oil futures chart

20060329 4;32 am EST. Price on after hours 65.75, so we have 0.30 in floating profits, lock in half position profits and move stop to breakeven. 

Crude Oil futures chart

20060328 3rd consecutie day of up candles, short at US66.05 with stop at US66.55. 

Crude Oil futures chart

20060323 Counts starts at 1. 

Crude Oil futures chart

20060321 No 3rd day down, so no trade. Count reset to 1. 

Crude Oil futures chart

20060320 2nd doan candle. If 21 Mar trade ends in a down candle, sets up a long signal. 

Crude Oil futures chart

20060317 Down candle, count resets to 1. 

Crude Oil futures chart

20060316 Up day, counts starts at 1 again. 

Crude Oil futures chart

20060315 No 3rd consecutive day of gains, so no trade, count starts again with the down candlestick today. 

Crude Oil futures chart

20060314 2nd day of gains. If today ends up will be able to take shorts on open tomorrow. 

Crude Oil futures chart

20060314 The outcome of the USDCHF short. 

Crude Oil futures chart

20060313 First day up in count. 

Crude Oil futures chart

20060310 Down candle, so count starts at 1 down again. 

Crude Oil futures chart

20060309 Long trade was a good one. Working on the 2nd day of gains now, restarting the count. A lot has to be said about the hype (news) that 'affect' the oil market, inventories, geopolitical concerns, weather. The news that the 'experts' conve to the market and the impact of the oil price is all part of the system that is the market, set up to take $ away from the unwary trader/speculator. There is absolutely NO way to determine how a certain bit of news will affect the crude oil market, most of the hyping is due to 'position talk' by the gangster tactics on the floor and by those holding big positions who are predisposed to try to move the market intheir favour. Best to just use simple chart pattern like 'law of 3s'. 

Crude Oil futures chart

20060309 9:44 am EST. Longs raked in about 0.60 in profit by the time NY opening came round. 

Crude Oil futures chart

2000308 3rd consecutive day down candles, leads to long at 59.925. 

Crude Oil futures chart

20060307 Working on the 3rd day of losses, if can close down on 8 March, longs can be considered. 

Crude Oil futures chart

20060306 Working on the 2nd bar down. 

Crude Oil futures chart

20060303 With the breakout of the triangle, was a prudent decision not to trade the pattern. Starting the count at 1 today for the 3 consecutive positive closes. 

Crude Oil futures chart

20060302 NQ first 30 min range breakout. 

Crude Oil futures chart

20060302 3rd consecutive day up, which normally indicates a short trade, but we miss on this one due to the breakout of triangle we identified yesterday. 

Crude Oil futures chart

20060302 A large triangle pattern which might break out today. So we might abandon the setup for now. 

Crude Oil futures chart