Reversal time
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I block accounts with no name, pic, trading history or posts that try to follow me. Sorry hedges
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Mike Hunt OP : Up .11 per gallon in 20 hours since this post. Fuck Brandon
Mike Hunt OP : So much for Brandon’s lies about gas prices falling because of his groveling trip to Saudi Arabia
JustSurface :
Mike Hunt OP : @SpyderCalldo the technicals support my call of a reversal couple days ago? Seems like heavy resistance at 3.18-3.19. But I’m just eyeballing it. It seems like it’s been rejected a couple of times there. I’m long on RBOB from 2.99. Wondering if I take profit and run or not. Looked like an uptrend last couple days. I almost sold on the big drop to 3.06 but it didn’t seem like it breached the trend line so I held.
SpyderCall Mike Hunt OP : it looks like you are going to turn out to be right. I bounced off a solid support level. it's a shorter term support level but it's still bounce. and it looks like it's about to break out of the price channel put in the picture. that will be short-term bullish for sure. damn if it breaks out it looks like you called the bottom on that thing.
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Big Mike coming in clutch with the bottom call
I should mention that if price does want to come down I put a couple lower support zones some horizontal zones and upward trending zones. if it does get below that 2.99 then I would watch those areas for sure. this actually does look like a good play to the upside. but personally I'm not as bullish on oil and other commodities is as most people are at the moment. so myself I would be taking profit on the way up on this one. that is just me though. I was talking to a bunch of people at the bar last night and they think oil and gas is still going to skyrocket even higher. and many of these dudes are working for the oil companies in one way shape or form.
Mike Hunt OP SpyderCall : Thanks! I learn so much from you. I’m working on my TA. I watched videos of guy you said you learned a lot from. If I get my TA game solid, I’m gonna be super dangerous as a trader
SpyderCall Mike Hunt OP : yeah that secret mindset guy is pretty legit because he has a lot of the basics and some more complex stuff.
and very much agreed once you master that technical analysis and you combine that with your macroeconomic knowledge with forex and commodities and whatnot then you will be a beast for sure. you will even be able to predict things before they happen sometimes
Mike Hunt OP SpyderCall : Your comment about how TA seems to magically coincide with macro catalysts has me intrigued to see it for myself. Just need to make sure I’m not using a confirmation bias when it happens
SpyderCall Mike Hunt OP : right and that's the hard part isn't it. the market makers know we all know this crap. it's like anti-reverse reverse psychology or something.
Dons hobby : I learn a lot from just watching you guys
talk about different stuff. Thanks
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