Comments on: Possible Reversal in USO US Oil Fund and Crude http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes | Penny Stock Trading System Blog http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-211675 Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes | Penny Stock Trading System Blog Sun, 20 Dec 2009 10:17:55 +0000 http://blog.afraidtotrade.com/?p=3596#comment-211675 [...] January 20, 2009:  A Possible Reversal Ahead for Crude Oil and USO [...] [...] January 20, 2009:  A Possible Reversal Ahead for Crude Oil and USO [...]

]]> By: Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes | Afraid to Trade.com Blog http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-211666 Year to Date Elliott and Momentum Look at the Dollar and Euro Indexes | Afraid to Trade.com Blog Sat, 19 Dec 2009 23:40:29 +0000 http://blog.afraidtotrade.com/?p=3596#comment-211666 [...] January 20, 2009:  A Possible Reversal Ahead for Crude Oil and USO [...] [...] January 20, 2009:  A Possible Reversal Ahead for Crude Oil and USO [...]

]]> By: UNG Natural Gas Update for November 7 | Penny Stock Trading System Blog http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-211193 UNG Natural Gas Update for November 7 | Penny Stock Trading System Blog Sun, 08 Nov 2009 22:33:04 +0000 http://blog.afraidtotrade.com/?p=3596#comment-211193 [...] January 20, 2009:  Possible Reversal Up in USO Oil Fund and Crude Oil [...] [...] January 20, 2009:  Possible Reversal Up in USO Oil Fund and Crude Oil [...]

]]> By: Keep Your Eye on the Volume Surge in the UUP Dollar ETF | Penny Stock Trading System Blog http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-210989 Keep Your Eye on the Volume Surge in the UUP Dollar ETF | Penny Stock Trading System Blog Thu, 29 Oct 2009 16:17:32 +0000 http://blog.afraidtotrade.com/?p=3596#comment-210989 [...] “Possible Reversal Up in Crude Oil and USO,” and [...] [...] “Possible Reversal Up in Crude Oil and USO,” and [...]

]]> By: Keep Your Eye on the Volume Surge in the UUP Dollar ETF | Afraid to Trade.com Blog http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-210958 Keep Your Eye on the Volume Surge in the UUP Dollar ETF | Afraid to Trade.com Blog Wed, 28 Oct 2009 23:05:57 +0000 http://blog.afraidtotrade.com/?p=3596#comment-210958 [...] “Possible Reversal Up in Crude Oil and USO,” and [...] [...] “Possible Reversal Up in Crude Oil and USO,” and [...]

]]> By: Friday’s Links Value Plays http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-210322 Friday’s Links Value Plays Tue, 08 Sep 2009 04:21:28 +0000 http://blog.afraidtotrade.com/?p=3596#comment-210322 [...] Trading information on USODisclosure (”none” means no position):Visit the ValuePlays Bookstore for Great [...] [...] Trading information on USODisclosure (”none” means no position):Visit the ValuePlays Bookstore for Great [...]

]]> By: Manju Shekhar http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-176276 Manju Shekhar Wed, 21 Jan 2009 22:27:21 +0000 http://blog.afraidtotrade.com/?p=3596#comment-176276 Corey, good point. Cheers Manju Corey, good point.
Cheers
Manju

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-176234 Corey Rosenbloom Wed, 21 Jan 2009 17:29:15 +0000 http://blog.afraidtotrade.com/?p=3596#comment-176234 Manju, I wouldn't necessarily ignore the internals - they can give you clues that price alone cannot so it's important to read them but it's all like a puzzle and you have to figure out how to weight each bit of evidence or each piece. It still comes down to risk/reward and edge (probabilities). If all lines up perfectly, go with an aggressive position but if a few things are out of line but not seriously, maybe go with a moderate position, but if you get a couple of serious non-confirmations or you just can't interpret the signals because they're conflicting, then it's probably best to stand aside and wait for a better opportunity. The market will always be there in the future (we hope!) and there will be other trend days. Manju,

I wouldn’t necessarily ignore the internals – they can give you clues that price alone cannot so it’s important to read them but it’s all like a puzzle and you have to figure out how to weight each bit of evidence or each piece.

It still comes down to risk/reward and edge (probabilities). If all lines up perfectly, go with an aggressive position but if a few things are out of line but not seriously, maybe go with a moderate position, but if you get a couple of serious non-confirmations or you just can’t interpret the signals because they’re conflicting, then it’s probably best to stand aside and wait for a better opportunity. The market will always be there in the future (we hope!) and there will be other trend days.

]]> By: Manju Shekhar http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-176121 Manju Shekhar Wed, 21 Jan 2009 04:23:29 +0000 http://blog.afraidtotrade.com/?p=3596#comment-176121 Corey, thanks for the response. So, say we have a trend down day in the index which is now pulling back to the 20/50 MAs, is also showing a multi-swing positive momentum divergence, followed by a first impulse, but the Market internals, breadth, etc. continue to deteriorate, would be looking to find an ideal place to go Short again, or would you position yourself for a first impulse Long swing swing trade, thus ignoring the internals? Personally, I would probably pass the trade altogether here, since I'm get conflicting signals. Cheers Manju Corey, thanks for the response.
So, say we have a trend down day in the index which is now pulling back to the 20/50 MAs, is also showing a multi-swing positive momentum divergence, followed by a first impulse, but the Market internals, breadth, etc. continue to deteriorate, would be looking to find an ideal place to go Short again, or would you position yourself for a first impulse Long swing swing trade, thus ignoring the internals? Personally, I would probably pass the trade altogether here, since I’m get conflicting signals.

Cheers
Manju

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/possible-reversal-in-uso-us-oil-fund-and-crude/comment-page-1/#comment-176116 Corey Rosenbloom Wed, 21 Jan 2009 04:05:31 +0000 http://blog.afraidtotrade.com/?p=3596#comment-176116 Manju, Computing stats on Trend Days is one of my 'to-do' items but I haven't officially compiled the stats yet. I do keep the TICK, TRIN, & Breadth open at all times and note the direction of each of those but I mainly use them as confirmation/non-confirmation rather than putting too much weight on them. My decisions come from price's relation to the 20 and 50 EMA on trend days. Manju,

Computing stats on Trend Days is one of my ‘to-do’ items but I haven’t officially compiled the stats yet. I do keep the TICK, TRIN, & Breadth open at all times and note the direction of each of those but I mainly use them as confirmation/non-confirmation rather than putting too much weight on them. My decisions come from price’s relation to the 20 and 50 EMA on trend days.

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