Crude Oil - tomerok

Tomorek,

Price is having serious problems rising. After this steep drop it's finding it difficult so far to even show enough strength to get to the mid of the drop where you are planning a short.

Do you have a plan to take advantage of price in case it doesn't even get to the mid and starts to fail? As an example are you keeping a DL of this rise and it's break and Ret could lead you into a short whenever and where ever it shows up instead of only at the Mid and S/R?

Gringo
 
Quote from Gringo:

Tomorek,

Price is having serious problems rising. After this steep drop it's finding it difficult so far to even show enough strength to get to the mid of the drop where you are planning a short.

Do you have a plan to take advantage of price in case it doesn't even get to the mid and starts to fail? As an example are you keeping a DL of this rise and it's break and Ret could lead you into a short whenever and where ever it shows up instead of only at the Mid and S/R?

Gringo
More...

saw this too late, but check my hindsight post that will follow, i did consider taking a short prior to MP (the small TR lows was on my mind)
took it and bailed once supply dried out

and to elaborate on your question, at the stage i'm at i'm focusing (execution) only on 5mtbr's (counter), i do keep notes and track behaviour
and i plan on expanding my trading into a wider set of if - then... scenario's
currently i really enjoy the focus on one play.

Tomer.
 
When drilling down it is clear that a Trading range is in play
It held above the MP for a couple of days just to take out all buyers in once day

Price ranged above the MP for a while and now shows signs of ranging below the MP
 

Attachments

You must log in or register to reply here.
Back
Top