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I am flat now, but it almost got there to the original target, 1 tick shy so far. Had I not been wrong on the first entry, or, had I been trading multiple contracts, I would still be waiting. But I felt it was better to take the win after the loss once it had a decent ratio. Maybe tomorrow I cna focus better.
I decided this morning I was not going to trade inside yesterday's value area, and wanted to fade any move outside of it. I had a good entry on the first attempt, and would have scaled out if I had anything to scale, but just have my head in other stuff.
I considered going from the VAH to the VAL this morning, and had crude been in a balance area prior to today I would have, but felt the odds ere just as good it would peek above A period, and we never got anything above that.
This was what I emailed someone this morning after the RTH open;
"Today will be most likey "rotational" for crude. The value is up, but the open was within yesterday's value and it rejected overnight value at the open. Look to fade the extremes if price tests yesterday's high or low, but wait for volume to tell you it has found responsive buyers/sellers first, and always be aware of where stops are, let them blow first if it gets close."
This is where I went wrong on entry #1, shame on me for not paying full attention today. Yesterday's range is shown at 100%, it had not yet reached 90%. Now, it could have turned there and ran back up to take out the high, and gotten the 100% that direction, but the OTFing that I saw after I was in should have said "wait".