CL1! In this tradingview blog, we will refer to our February 18, 2025 weekly trade plan for NYMEX WTI CL futures. Last week, we outlined two potential scenarios, with our primary scenario playing out—though not exactly as expected. Prices reversed lower more sharply than anticipated, offering minimal pullbacks on the 4-hour timeframe. However, when analyzing the hourly chart, our plan aligned well, as prices ultimately reverted to key LIS/yearly open bull support, which also confluences with the 2025 VAL.
We highlighted the following key levels:
2025 mcVPOC: 72.82
Feb 2025 mcVAH: 72.48
2025 mcVAL: 70.56
Yearly Open/ LIS: 70.52
Key Bull Support/ Confluence Zone: 70.52 - 70.12
Scenario 1 stated “Range bound week ahead.” We noted the following:
“In this scenario we expect range bound price action contained within Feb 2025 micro composite Value Area.”
Consistency is key in everything we do. We are creatures of habit. Energy flows where attention goes.
We provide these weekly plans to traders and the wider public to showcase that, instead of strategy hopping, a trader can achieve consistency by sticking to one approach. If that approach is not working, perhaps it is time to go back to the drawing board. Whether that be backtesting, walk-forward optimization or incorporating key market statistics that you have gathered and observed.
The goal of these weekly plans is to provide you with a structured roadmap that you can adapt to your own trading style. In our experience, while there are many ways to approach the market—whether through different indicators or methods for drawing levels and plans—staying consistent in your approach often leads to identifying similar key levels. Volume, price and time leave behind footprints. Although they do not provide a certain future, they can help you stay grounded, accepting the random nature of the markets, thinking in terms of probabilities and perhaps learning more so you can also gain similar insights.
As Bruce Lee said, “I do not fear a man who practiced different kicks a thousand times. I would fear a man who practiced the same kick a thousand times.”
EdgeClear
P: 773.832.8320 | TF: 844-TRADE20
Derivatives trading involves a substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The views expressed are opinions, not financial advice.
P: 773.832.8320 | TF: 844-TRADE20
Derivatives trading involves a substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The views expressed are opinions, not financial advice.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
EdgeClear
P: 773.832.8320 | TF: 844-TRADE20
Derivatives trading involves a substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The views expressed are opinions, not financial advice.
P: 773.832.8320 | TF: 844-TRADE20
Derivatives trading involves a substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. The views expressed are opinions, not financial advice.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.