Crude Oil - tomerok

[tomerok]

Not much movement In the Eu session,
price is around the MP,
the smaller 5m is even worse looking

 

[tomerok]

Placed 2 order which DNT

game plan:
with that kind of PA I'm waiting for 08:00


DNT: did not trigger

 

[tomerok]

The MP area has "blurred" a bit
Supply can be noticed, but without new lows
Overall picture is still to the up side in my eyes
The prices now only offer better fills for the buyers rather than implying sellers took control
This is just a tight range I should avoid

 

[tomerok]

Wait for currency open and watch the movement then
The 5m chart does not offer clean entries by my book
So I better wait for PA to be more clear in order to take risk

 

[tomerok]

Price in the lows of of the small TR

 

[tomerok]

game plan:
Wait for news to clear and act upon it

 

[tomerok]

attached is a summery of my daily review
some notes on chart
had a couple of placed order which DNT and one that i skipped
took 2 retracements today with a total of -33 ticks

Tomer.

 

[tomerok]

last week offered a good lesson.
I focused on a single play (5mtbr) for quite a while and things improved dramatically, last week I've added retracements to my trading.
while reviewing the week and past performance i realized i should not add anything new to my trading since i'm not capable of detecting and analyzing them as efficiently as the 5mtbr moves i play.

so sharing this journal with my weekly review conclusions:

only one play to trade from now on
i will develop my pool of plays around it. - if any..

i should keep my trading at the areas i understand.

yesterday was a day off, and offered an excellent example of the play i look for.

Tomer.

P.S.
5mtbr - 5 minute trend break reversal

 

[tomerok]

The big picture is still down, demand is starting to show up

 

[tomerok]

The 60m is ranging
Price held above MP