[idea] Second Crude Oil System #idea #crudeoil #101tradingideas

Key Trading Ideas:

Trade relationships, Trade a fundamental, Trade Yesterday, Trade a Seasonal

 

A Simple Crude Oil System, End-of-Day:

With the ideas that we are two days after the inventory announcement, Corn is an oil substitute, and Ten Year Notes reflect risk to the economy.

Buy

Friday,

close > yesterday’s close

close in Corn > yesterday’s close

close in Ten Year Notes < yesterday’s close

Sell

Friday,

close < yesterday’s close

close in Corn < yesterday’s close

close in Ten Year Notes < yesterday’s close

 

Exit after 3 days in trade

 

Results, 2006-p:

95/149 wins, 63%

Avg trade: $0.51

z score: 2.2

profitable 9 of 11 years

 

–h

 

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