Exploiting the edge from historical market patterns
Wednesday, October 14, 2009
A Longer-Term Glance at Oil
Oil is bumping up against multi-month resistance (bottom chart; USO), as the Oil VIX ($OVX) has been closing in on multi-month lows. It wasn't so long ago that gold was in a similar situation. With continued U.S. dollar weakness, these are levels I'll be watching. .
Author of The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), The Daily Trading Coach (Wiley, 2009), Trading Psychology 2.0 (Wiley, 2015), The Art and Science of Brief Psychotherapies (APPI, 2018) and Radical Renewal (2019) with an interest in using historical patterns in markets to find a trading edge. Currently writing a book on performance psychology and spirituality. As a performance coach for portfolio managers and traders at financial organizations, I am also interested in performance enhancement among traders, drawing upon research from expert performers in various fields. I took a leave from blogging starting May, 2010 due to my role at a global macro hedge fund. Blogging resumed in February, 2014.