RE:RE:A Couple Charts to ConsiderThanks PROdick ..... the kool-aid treats me very well. I gave some to Chief1 which he enjoyed as well. I trade BTE long and short and some leverged plays like UWTI/DWTI. But I'm not married to any stock actually there are much better things I like to trade in the US over Canada (too small). As per my post Monday I feel that oil will trade in a range so exited BTE long and will only trade BTE short term right now depending on the trend.
I scaled into a BTE short Monday when it appeared the trend for oil had changed. On the 30 min oil chart there was strong negative divergence between the RSI and oil price. Once the RSI slope accelerated downwards I started a position. Right when the RSI passed 50 the oil price also crossed the 50 period moving average which is another indicator suggesting a price trend change. As per my post Monday I expect there to be drawdowns in US storage so will look to cover probably today then go long is the EIA report is bullish.
I took some time to post some chart analysis on Monday night partly because I realize you have difficultly in assessing the bear cub rallies and partly because hopefully others can learn from my experience and maybe they can improve on my observations. I have continued posting the bear cub warnings for you as I have in the past couple months and have been right everytime. Please do not assume that my correcting your flawed logic over the last 5 months plus posting only the bear cub rally warnings necessarily means I am ultra bearish. I follow the short term trends as I have pointed out numerous times and I'm not biased to one direction or another.
As for "missing the runs" you can believe whatever you want. It would require you presume that I can only notice when the price trend reverses to bearish and am not cable of recognizing when to go long. I'm glad you found the OP helpful and thank you for your feedback.
If you disagree with my chart analysis perhaps you could provide a reason instead of just asserting that it is flawed and that my posting only would be appreciated by uneducated inexperienced people. Refering to tools only you have or secret vitol info is of zero value except in your mind as you throw your dart it hits bullish and you try and appear smarter then everybody else with vague references to what might be the tooth fairy. With a history of flawed logic, misinterpretation of things you post, and weak arguements, mostly focused on personal attacks your credibility needs some repair and judgements cannot be trusted. Hopefully you will change your appraoch going forward. You will get a much better response from me. PROdick can change to PROtrading if you start showing people some respect.
In this world you teach people how to treat you. Don't confuse the negative attention you get as an unprovoked attack rathar it's a reaction to one.