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Nice job Gary ; I am casually watching crude today; my "sim" trade here is that if it were to break the elusive 90.68 and bring in some buying interest, that it might just trade all the way back up to 91, near Friday's high. The 68 has been the regulator, and a break above that just might bring in a test of the unfair highs of Friday. Just an idea, and it costs me nothing to say it so take it FWIW. Good luck!
I went flat at breakeven on the 3rd, so have time to show this. I removed the indicators to show only the things that I was watching. Dotted cyan line is yesterday's closing VWAP.
I will go into more detail later but here was todays trade locations
We opened up with again a very balanced O/N with a small range
We opened up inside yesterdays range...nothing to do
IB came in and we tested yesterdays highs and the 1st upper IB x 0.5
I have been short all day looking to target the lower end of yesterdays profile and the POC from yesterday
we have been slowly melting down again today giving some nice trade locations
Here was also a tell tail story on the weeks developing value
Here is the market structure at the moment since we gapped down
Were toying with Fridays lows.....could possibly hold and come back into balance..time will tell
We have tested one globex extreme now from the O/N high and Low
"Probabilities" tell me we will most likely not see the other side tested
" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"