Crude Oil - tomerok

[tomerok]

This is how I trade.
The purpose of this thread is to find others that trade like me, or relate to way I trade and want to discuss/share ideas.

I trade from 02:30 - 11:30 EST time, only crude, no indicators, I try to act at the extremes, I trade the 5m, take only 5m reversals, and rarely take retracements (it depends on PA and context)

I’ll post the start of day analysis, and the hindsight chart with execution so readers can understand better the way I approach the market.

Remember, this thread is intended to find traders that trade with no indicators, and relate to this kind of approach, feel free to share what’s on your mind...

Tomer.

 

[tomerok]

Price had reached its range highs (apparently)
The bigger downtrend SL is gone
Buyers lost interest at TR high, price is starting to fall
Let's see where demand will take control again

 

[tomerok]

game plan:
5mtbr long at DL area
5mtbr long at MP
5mtbr long at TR lows


5mtbr: 5m trend break reversal
DL: demand line
MP: mid point of TR
TR: trading range

 

[tomerok]

Price reached my area
Demand below at DL turned out to be big
Fast ride to the up side.
Buyers removed their foot from the pedal too far from the above area for my taste…

Waiting to see how price react

 

[tomerok]

TR highs is my area of interest now.
On the hunt for 5mtbr if it look solid

 

[tomerok]

Price reached the MP after testing the TR highs

 

[tomerok]

game plan:
5mtbr long on clean PA
Caution since MP tends to chop

 

[tomerok]

no trades today,
an order was placed and removed.

 

[tomerok]

and some larger view

 

[Gringo]

Good to see you in action my friend.

Gringo