Experimenting my new strategy on Oil Trading

While I was working in an equity investment house couple of years ago, one of the Vice Presidents told me that he categorised the market as animal. He advised me that if you want to become a good investor, you must know how to tame the animals.

Anyone who has traded crude oil will know that this is a cunning and fierce animal. It is not easy to predict the direction of crude oil and its movement is very wild. If you uses simple strategy like oil inventory or charting to track oil, you will be hunted down by this animal.

Currently I am experimenting a new strategy to trade oil. That is using USDCAD to track the direction. Forex market is the market with the highest volume in the financial market, hence no single party is able to manipulate the market.

USDCAD moves in the inverse direction to Crude oil. Since my system has signal SELL for USDCAD, it might just signals that Oil price is moving up.

Let us see if this is true. Oil price is now trading at $108.32.


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