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Adventures in Oil Futures Trading - Demo to Millions! $$$
6:08 S88 +20 High tick and LVN failure. Push above range and failed back down. Demand lower has been tested to 69 looking for flush down into liquidity of bar lows at 69 and into untested demand. Expectation is to test back into yesterday's range or at least top side of value at 65. Price went down to 47 to origin of demand push and retraced up to 67 swing high. Trade idea completed at that point. Not HOD fade.
7:31 L63 -10 Flushed low side of value and didn't really imbalance higher or take out supply. I was early and got ripped out in less than a minute. Needed a better trigger, but issue is if I wait for the trigger my stop would be large, better to just pass and wait for better structure.
9:07 S45 +20 Failed demand. Expectation to take out LOD and bar lows from previous days liquidity. I felt a little uncertain about this trade and that I got lucky with such a tight stop.
6:07 S65.87 Missed Fill High tick and LVN failure. +32 Target hit 65.55 6:14 then price continued lower to 65.18
6:42 L65.50 Missed Fill Target 65.83 +33 target hit and continued to 65.90.
7:57 +1 L29 Low tick and bottom of range to take out highs and possible ONH.
9:35 L66.31 +30 low tick intermediate failure, context long to take out HOD and ONH. Didn't wait for the flush of highs as I wanted to lock in profit and potential to fall back into vertical move. Further upside potential definitely likely with expectation to move to the 67 round #.
7:31 L67.32 +20 Pushing back into major demand from preopen. Compression put in and likely trapped shorts. Nice small supply into lower range and flipped with demand push. Target into trouble at 65 and untested supply. Locked in 20 and taken out. Price pulled back to 38 then went to 62 and sold off back to entry never quite getting to target.
8:29 S68.64 -11 Price getting very heavy and multiple failed attempts higher. Traded into high volume low tick without a strong supply push. Definitely early on the trade, but I felt price was getting very heavy and took a premature supply push.
8:35 S68.70 +29 Interior high tick on increased volume after multiple failed attempts to break HOD. Expectation to fill in thin trade and vertical space, down to at least 68.52 demand. Survived my BE stop on a pullback by 1 tick. Locked in 20 and put my target in front of large size on the DOM. Very lucky, price went to 39 and reversed sharply.
6:26 66:93L NO FILL, pullback to 95. Order pulled after 05 high tick. Target 67.23 Interior low tick and strong demand push above range. +30 Target hit
8:37 L67.51 +22. Internal low tick after news and increased volume. Short term supply taken out and nice demand push. Target and first trouble into 69.
10:17 L67.66 NO FILL stop at 53. low tick of range after previous demand push and previous low tick. Expectation to move into 84 trouble above 87 LVN target. Further upside potential to push out of value and to test 68 and HOD higher. Order pulled after 75 highs broken. +21 target hit 10:29.
5:46 S23 -9 Context was short but poor trigger and did not take out supply. Held area I would expect for the longs.
6:14 S67.05 +42 Expectation to take out LOD and nice targets below to flush liquidity. After LOD break locked in 20 and had bigger target lower. Very fast flush lower and target hit before I could move my stop.
10:15 S67.72 -7 Internal high tick failure after supply push of HOD failure. Had my stop too tight above high tick and should have been above HOD volume. Took me out and then hit +14 target at 58 LVN.
Lot's of opportunity today but market wouldn't quite cooperate. All of my trades went to targets but difficulty with management and some fake outs. I feel good with my read, small adjustments needed but feel like I continue to improve.
