Monday, March 19, 2007

crude gaps to mean reversion


as mentioned on Sunday, the market wasn't clearly signalling a buy, but buy it went...

I don't even bother checking the news as to reasons. I like the crude market because the news is interesting but you need not know anything about it to trade it. Its all fear and greed in binary fashion. Buy if you are afraid its going up, sell if you are afraid its going down.

7 comments:

Mark said...

Thanks for the charts and commentary.
Kindly answer a few questions please.
What is the murrey math time frame shift you use? Does it vary on the time frame you use. What is the software you use to come up with these charts?

Mark said...

Thanks for the charts and commentary.
Kindly answer a few questions please.
What is the murrey math time frame shift you use? Does it vary on the time frame you use. What is the software you use to come up with these charts?

mezameo said...

hi mark (i'm also a "marc"),

i'm using the following setup.

for forex 1hr charts with 128 period for murrey frames

for oil i'm also using 1hr charts with 128 period.

for any other futures contract i use a 30 minute chart with 128 period.

Mark said...

is there a particular template you use with metatrader? If I were to download metatrader how would I get my charts to look like yours to follow along?

mezameo said...

Try this link. These are the indicators for the system including the template. Please make sure not to paste the template in the indicators folder.Put it in the main directory template folder for your build of metatrader 4. thanks for reading my blog!

mezameo said...

Try this link.
http://elitetrader.com/vb/attachment.php?s=&postid=978536

These are the indicators for the system including the template. Please make sure not to paste the template in the indicators folder.Put it in the main directory template folder for your build of metatrader 4. thanks for reading my blog!

Mark said...

Elitetrader reference gives the following message
The post you are trying to read has most likely been deleted or moved.