The Oil Well *PRICE CHANGE*For those that don't know the price of the oil well indicator will be jumping from $47 to $97 after tomorrow (Friday 11/1) If you want to start testing i'd recommend taking the 30 day trial now so your locked into the $47 price, if your not happy with it you can simply get your money back after your…
The Oil Well (Day 11 testing)Today was a bit of a tease. The market came within 2 ticks of filling us on our first possible trade, and we were 1 tick from being filled on the second trade. Both would of been winners. But the market just didn't give them to us today. Such is trading. Hopefully tomorrow will be better. Either way…
The Oil Well (Day 10 testing)Well today was a good day, and to be honest im a bit surprised. There were several u.s. news releases and I figured we'd get several false signals but that wasnt the case. We got 1 signal today and it was a good trade. Its nice to see this does well even on heavy news days as alot of systems dont. B…
The Oil Well (Day 9 Testing)Today we had a beautiful setup but unfortunately it didnt get triggered. Even tho there were 0 trades today i uploaded the video so people wont think im not uploading losing days or something. I'm still impartial in my judgement until the end and every video will be uploaded. (To test THE OIL WELL f…
The Oil Well (Day 7 testing)Today was a slow day, there was 1 trade today but it came at the end of my day around 4:15 and I happened to be at my cpu. There was another trade on the brent crude oil futures and unfortunately if your using rithmic data like me they dont offer the Brent. Remember folks, 3 minute charts, check new…
The Oil Well (Day 6 Testing)Today was a bit better. There were 3 chances to take a trade and I happened to catch 1 of them which was a winner. No complaints there. I didn't notice the second trade until I refreshed the chart but it was too late. I missed the first trade because I stepped away for an hour. I swear it seems like…
The Oil Well (Day 5 testing)Not a very trade filled day but there was 1 lesson that needed to be touched on. Scott said in one of his videos that some days would be like this so its to be expected. A quick update, I did get a trade at 5 and took it and it turned out to be a winner. Obviously this wasnt in the video because o…
The Oil Well (Day 4 testing)Well today was a very slow day. It was also nfp day tho im not certain if that had anything to do with the lack of opportunities. The first chance to trade came 4 minutes before 2pm and even tho I usually stop trading at 2 I decided to take it since its technically within my time frame. Short video …
10/22/2013 +$2437.50 (NFP)Well today was an interesting trade. With all the slippage that i've seen since the shut down ended I decided to test this out with a 15 tick take profit and a 5 tick stop. I spoke with several other traders and everyone took between 7-11 ticks of slippage which is terrible considering were used to …
The Oil Well (Day 3 testing)Well today was another uneventful trading day. Not much happened. Took a couple trades and missed a couple trades. I do like how the bell rings when there's a setup available. I can focus on other things and just click back over when its time. Anyway were still at the start of our little test so ill…
The Oil Well (Day 2 Testing)Well today was a very slow day. I assumed we wouldn't get many trades because it was Friday and I was right. In fact we didn't get 1 trade to trigger today. There was 1 that would of been acceptable to trade but it was at 8:24 and I didn't get to the computer until a little after 8 :30 today. Anywa…
The Oil Well (Day 1 Testing)Well today was interesting. I made 3 mistakes today that ill mention now. Firstly I forgot to enter the support and resistance lines, trend lines and pivot points. Secondly I forgot to enter my ATM strategy and Lastly I stopped trading 10 minutes early. I lost money from all 3 of these mistakes and …
The Oil Well IntroductionOver the next couple of weeks ill be reviewing the oil well indicator. Because of the u.s. government shut down we haven't had many spike trades and those that we have had were full of slippage. Anyway this is just a quick intro. Ill be back tomorrow with a new video. (To test THE OIL WELL for yours…
10/2/13 +$31.25 (ADP NFP)(Go full screen and switch quality to 720p to see the video better) Well today was a very small move. There wasn't a huge deviation so that might be the cause of such a small reaction. I really wanted to see how the zb would act after the government shut down but this isnt a good example. Hopefully …
