Crude Oil - tomerok

[tomerok]

game plan:
Since this is typical post trend action
Trading range is quite obvious approach
I'll wait for the DL to be tested for long
I'll wait for the TR lows to be tested for long
If demand take control prior to testing the lows, I'll look for shorts around the TR highs , only if I see supply coming in

 

[tomerok]

done for the day
i aware i'm behind because i'm too tired.
better to take what was offered than make fatigue related errors.

 

[tomerok]

yesterday's hindsight work

 

[tomerok]

Yesterday came the reaction of the SL at the big time frame I was aware of
It did not took the LSL

 

[tomerok]

At the 60m level supply and demand areas fluctuate between the TR highs and lows
Although there is still a potential for new lows because of the bigger TF.
this could turn out to be a turning point for the bigger TF

 

[tomerok]

game plan:
Wait for price to retest the lows for 5mtbr long
Wait for price to re-test the MP of the TR for 5mtbr short
Wait for price to re-test the TR highs for 5mtbr short

 

[tomerok]

The tight range at the bottom of the TR is getting wider

 

[tomerok]

This is still too tight for my taste and do not provide good opportunity for me.
Wait for a better opportunity at the 5m for lower price
Or wait for price to get out of this consolidation

 

[tomerok]

for the ones interested in my work process, this is an example for things i do daily
i collect and analyze those "plays" or "potential plays"
and add them to a pool of plays for later use..

 

[tomerok]

Not much of movement overall demand but with expected chop after the big drop