I occasionally have a "wishlist" trade, and the yellow zone above currently qualifies. I like the risk to reward potential, after a major 5WM, ABC, and then reversal breakout. If prices can retest that area then reverse, that would be my trade of the week.

Until the Iran issues are resolved I am anticipating at least some upside pressure to remain, expecting major short positions to be cautious in that particular market.

I just established with myself that regardless of the fears, past experiences, emotional garbage, wimpy confidence, dealing with the unknown... that I do believe it is not only possible, but can be probable, to make a living trading.

I have also established that the reason I make money at smaller size is that I do actually have rules that I follow, even though I do not recognize them as such because they are "feeling" type rules. When I up size the rules get re-written in real time, and that is what is frustrating me. I break rules that are not written...that I do not even perceive as rules. I a working on converting those intuitions into words, and those words into rules. It may mean going to an indicator based stop until I am strong enough to do it without, but have written some strategies to backtest various indicators as stops to get my head around the concept.

I was able to figure out SuperTrend for a lot of uses and am running tests as I type this.

Back up to $90 a barrel.............

greenr 

Back up to $90 a barrel.............

If that is what happens you should do well.

Oil is caught between opposing perceived risks... both fundamentally and technically...

GaryD 

If that is what happens you should do well.

Flatt on the last two for +50 ticks. Man i got a feeling this market going to drop today, looks like the pull back to 85.22`s. Waiting for a break blow 84.46 to see some direction

greenr 

Flatt on the last two for +50 ticks. Man i got a feeling this market going to drop today, looks like the pull back to 85.22`s. Waiting for a break blow 84.46 to see some direction

I closed on a high volume bar (photo added, the volume was not "stopping", so I am not sure why)




+40, then reentered for a -20ish loss, then reentered for a 16-17 +, quit. +48 I think.

I already told myself this morning that it was going to be a fight in both directions, so why I would think it would be one-way down I don't know.

But, I am just pushing buttons in my head lately, changed some screens from black to white aka vader to Jedi, moved things, take trades and just watch them sometimes...

I see just by the news sites that crude went up, not down. It does that sometimes.

Hope you got some mileage out of your trades today.

I had meetings and did not see this in action, but there was a strong refusal at the prior support line, also an inverted 386. I am more interested in the short side now than I was this morning.





Like price was hit by a baseball bat