This particular Friday (August 26th, 2016) when Janet Yellen gave her Jackson Hole speech was an amazing time to be trading. Crude oil, the S&P 500 e-mini, and the 10 Year T-Note revealed aggressive Whales' trades and their direction perfectly.
I'll illustrate with the crude oil futures contract expiring September 2016. Remember, one tick has a $10 value per contract.
I'll illustrate with the crude oil futures contract expiring September 2016. Remember, one tick has a $10 value per contract.
Crude Oil - Whales' Reaction to Yellen's Jackson Hole Speech
The above screenshot from the Unlocked Version of the Whale Trail Indicator shows how the Whales reacted to Janet Yellen's Jackson Hole speech: aggressively bullish from 10:00am to 10:24am EDT and then aggressively bearish from 10:24am EDT onwards.
That screenshot is showing all of the Whale Trail bars. Whenever I trade, I enjoy seeing how the large and small Whales are trading. However, my position is predicated on what the large Whales are doing (as seen in the next screenshot).
That screenshot is showing all of the Whale Trail bars. Whenever I trade, I enjoy seeing how the large and small Whales are trading. However, my position is predicated on what the large Whales are doing (as seen in the next screenshot).
Crude Oil - Large Whales' Reaction to Yellen's Jackson Hole Speech
This screenshot shows the same chart but with the 'Hide Small Fish' option enabled. This allows me to see only the large Whales' trades, so it hides all of the small Whales' trades. It was so obvious that the Whales were buying due to the constant aggressive buy trades they were executing from 10:00am to 10:24am.
Crude Oil - Yellen's Jackson Hole Speech - Reversal
After the 120 tick ($1.20) price climb initiated with the first aggressive buy, it was exciting to spot the reversal and watch the Whales go from aggressively buying straight to aggressively selling right at 10:24am. The Whales proceeded to aggressively drive the price down just over 80 ticks ($0.80) in the next 30 minutes.
The fact that opportunities to go long and make $1,200 per crude oil contract in under 25 minutes and then turn around and go short to make another $800 per crude oil contract in another 30 minutes is amazing and very real. These opportunities to hitch a ride with the big money are plentiful, exciting, and occur every single day.
Test drive the 'Whale Trail Indicator - Unlocked' version with a Free Trial and see how the Whales reacted to Yellen's Jackson Hole speech with your other favorite futures contracts or stock symbols.
Happy Whale Watching!
The fact that opportunities to go long and make $1,200 per crude oil contract in under 25 minutes and then turn around and go short to make another $800 per crude oil contract in another 30 minutes is amazing and very real. These opportunities to hitch a ride with the big money are plentiful, exciting, and occur every single day.
Test drive the 'Whale Trail Indicator - Unlocked' version with a Free Trial and see how the Whales reacted to Yellen's Jackson Hole speech with your other favorite futures contracts or stock symbols.
Happy Whale Watching!
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