US Crude Oil bounces off Bullish Divergence
US Crude Oil Technical Analysis Oct 11 2024
Welcome to Pete’s investing updates
in this strategy edition we will be talking about trading using the Commodity Channel Index Indicator with a weighted moving average, and applying a % Gain and Average Down approach.
#USCrudeOil #sharetrading #averagedown #MovingAverage #CCI #CommodityChannelIndex #divergence #TradingIdea #HeikenAshi
Become a PetesInvesting Patreon member with weekly scans on Bullish Shares across various world stock markets.
https://www.patreon.com/petesinvesting
Follow my X (Twitter) account to view changes on the fly in between video postings:
https://x.com/eight_pete
Pete's Multiple Indicator Indicator
https://youtu.be/2uGsgJ54DNw?si=qk7Ylq8R7Lw2LNNS
Multiple Moving Average on Price and CCI150
https://youtu.be/CFvryakYpZo?si=O8kxDoEA0OAl5IRt
Mult MA Oscillator strategy
https://youtu.be/u7gC6uFLskM
Don't forget...
First always remember to review petesinvesting channel playlists
Updated every weekend I look at the charts of some select blue chip shares as well as some key world sharemarket indices.
As always click on the SUBSCRIBE button as well as the NOTIFICATION bell and LIKE this video to support this channel.
If you want me to review an Index a share, a commodity or a FOREX pair, put it in the comments and I'll cover it in a future video
Things
to consider:
•We track and trade on a Daily chart since we want to back test and see results of trades back during the GFC as well as Covid effects.
•We track and back test Revenue over Drawdown requirements
(as a %) to optimize our returns with less exposure.
•Brokerage is included in our back testing. I use $8 per transaction each time we buy or sell. Revenue shown may change slightly depending on your brokerage costs.
•Our Back testing transacts with $2,000 per trade. ie everytime you purchase $2k worth of shares in the instrument you want to invest.
To increase Revenue (ie returns) simply increase this. But beware this will also increase your Drawdown, so ensure you factor in this with your money management strategy.
Lets get started
Remember...
Don't forget to subscribe / LIKE and hit the notification bell and review the PETESINVESTING channel playlists for further reference.
-
3:08
Petes Investing
10 days agoSilver downside RETRACE expected
282 -
7:21:37
Right Side Broadcasting Network
1 day agoLIVE REPLAY: President Trump Holds a Rally in Aurora, CO - 10/11/24
395K167 -
3:16:45
Nerdrotic
9 hours ago $11.37 earnedPenguin DOMINATES, Rings of Power FLOPS! Captain African American | Friday Night Tights 323 w/ MauLer
112K13 -
1:48:25
The Quartering
12 hours agoKamala Harris Town Hall Disaster, Florida Man Luke Rudkowski On Hurricane Milton & More
148K73 -
11:20
Chrissy Clark
10 hours agoAre These TikTokers Going To FIGHT?!🥊 I Underreported Stories
51.1K29 -
28:35
Stephen Gardner
10 hours ago🔴BREAKING: Worse than ABC rigging | Exact Democrat election cheat plan EXPOSED!
93.3K116 -
56:27
Twins Pod
1 day agoUNDERCOVER At The Southern Border! | Twins Pod - Episode 34 - James O'Keefe
107K38 -
18:02
CartierFamily
20 hours agoDeSantis NUKES Kamala's Campaign After Her FAILED Hurricane Stunt!
90.1K88 -
1:12:40
Russell Brand
16 hours ago“The Democrats Have FIXED The Election - VOTE FOR TRUMP!” RFK On Rescuing American Democracy – SF472
242K564 -
1:17:13
The New American
11 hours agoThe New American Daily | Trump Furious at CBS for Doctoring Kamala's 60 Minutes Interview
68.6K5