Scalping Crude - Don't like it, period.
Updated
How I hate to scalp in lower timeframes...
But it's good to sharpen my mind, so I try not to be a MiMiMi... §8-)
Price is at upper extreme, and Centerline = Confluence Point.
Since crude has risen so much the last days, chances are good that it will take a breath and chillout in the south somewhere.
My "confirmation" is the break of a tiny shelf (white pressure line), where I stick my head in the sand like a ostrich.
P!
But it's good to sharpen my mind, so I try not to be a MiMiMi... §8-)
Price is at upper extreme, and Centerline = Confluence Point.
Since crude has risen so much the last days, chances are good that it will take a breath and chillout in the south somewhere.
My "confirmation" is the break of a tiny shelf (white pressure line), where I stick my head in the sand like a ostrich.
P!
Note
...that's why it's called a KamiKaze Trade ;-)So, this did not triggered the signal since we had no break, just a piercing and not even a close below the shelf.
Now it get's even more interesting:
If price close back into the Fork, then we have a much better signal.
I would short a clear close into the Fork, keeping the stop above the last high before it closed into the Fork again...if...
Let's see..
Note
Soooo...who's gonna donate??? §8-))P!
Note
Partially covered...letting rest run.Trade closed: target reached
GM folks,That's it, I'm closing my position.
That was a nice one and I hope someone was able to ride the $'s with me.
Learn To Earn - get my free ForkTrading BLUEPRINT Course.
P!
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