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List,
The attached Dec. Crude chart is the result of
applying a variation of the Bollinger Band Oscillator (with simple rules for
trading). This version inserts a 10 day ema into the formula and triggers
trades when the indicator closes below zero or above 100...all trades are, then,
executed at the opening price of the following day.
For the scale traders, you can add additional
positions (or for that matter, only take secondary positions) on each new
penetrations of the trigger levels. Monitoring simple momentum oscillators
and applying simple rules (to trigger trades) can be a sound approach to
speculating.
Of course, this is a highly guarded and secret
approach to extracting pennies from the energy markets...so, don't tell a soul
about it. Now only you and I know about this. After all, as
soon as the "market" hears about this special adaptation (fresh out of the back
woods of Idaho), it will be ruined for everyone.
Take care,
Steve Karnish, CTACedar Creek Trading<A
href="http://www.cedarcreektrading.com";>http://www.cedarcreektrading.com
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