Oil, The ASX And Einstein

According to Albert Einstein, the definition of insanity is "doing something over and over again and expecting a different result". Who are we to argue with Einstein? Relating this back to trading, our edge as traders, requires us to execute our trading strategy over and over again in order to exploit our trading edge and make money in the markets. 

Only yesterday Craig talked about the ASX pushing down on the 5000 level, where he was looking for a trade to the short side. The 5000 level was broken decisively and a good move lower occurred. Craig has identified similarities in the Crude Oil market which can be seen in the weekly chart below. This weekly chart looks very similar to what the ASX looked like before the 5000 level was broken. Craig's looking to exploit the same edge that was present on the ASX trade to the Crude Oil trade should this setup for a move short. 

Continue reading Craig's full article by clicking on the following link: Click for Craig's full article here. 

The TWP Team