when it comes to commodities. I'm still figuring it out. and truth be told I am up for suggestions if any of you are nice enough to drop a message in my inbox. or have a question just let me know. so without further ado, let's get down to it. most of you and I included, have no idea about the direction of price action sometimes. this is, however, going to be the case. until you change the concept of looking at price action for that particular asset your looking at.. and as for crude wti, I have devised a well in down guide for dummies and experts alike. this concept is called "the grass and the buss fires. cause we both know what happens to grass when its left to grow and versus when its let on fire by a natural disaster like a lighting strike just like many of the things that cause crude oil to go down and up is either economies growing or a natural disaster taking a tall. so the way we look at it is by focusing on volume action for this asset. concentrated volume areas of green or red indicate succession rate or failure rate is coming into play. so watch particularly for the bush fires or healthy grass grows and channels your actions following this. and also I can not stress enough how important trend lining is in this case. although not necessarily important when you become good at spotting bush fires or grass growing. we all want to be millionaires and we deserve to be. just keep it a secret. oh yeah. the grass is always greener on my lawn and it can be on yours too
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