oil

8 apr 2020

4.8.20 on this video I talk about oil and the expansion and contraction of this market. High volatility markets do not appeal to beginning traders because they look scary when reality they are the best markets to trade and could traders look forward to that volatility. Very contracted markets look safe and they may attract beginning traders, and in actuality they can create very large losses in your trading account if you don't understand those markets. On this video I'm jumping around a little bit, but be patient and take it as best you can as I am trying to change your paradigm. Do not worry if it's not completely clear to you or if it does not sound at all correct to you. It is correct, so be patient and give it time and somewhere in the story you will find something will help you. Everything that I say repeated time and time again. My style is not easy to follow, and I am not professional speaker or mentor. In case you are wondering how I approach the video, I don't necessarily have a plan other than to talk about one or two things, but what I do is scan the chart and when I see something I talk about it. This is essentially what I do when I trade, I'm constantly scanning the chart and sometimes I need to change the time frame to look for more clarity, and that usually means I go to the next higher timeframe, not the lower timeframe and I will show why this is. Be patient, but please make an effort as it will be worth your time I believe. Please give a thumbs up if you like the video, and a thumbs up if you don't like the video. Thanks. I tried to make the image look bigger on this video, please let me know if you can see the charts a little better. I highly recommend a 27 inch monitor, and I like the resolution just below the 4D. I can't remember the numbers. For me the larger monitor makes it much easier to judge price action which is key to my training.