It doesn't appear over just yet as oil shrugs of the down 216 oil made a run back over 70 all the way to 70.65 before settling back down here at 70.38 after the NYMEX close we downshift now into overnight trading and look back at the day behind us. The overnight range now an hour old is .34 cents between 70.65 and 70.31 so far one trip could have been made.
Before the break oil ran up to 70.8x before running all the way back down to 70.1x allowing for another $600 to be netted. This is not only way to trade and make money the sell signal went up on last night's overnight and had we just sold and stop adjusted and maintained the position we would have had a nice day not quite as nice but no ulcers either. Not exactly sure we
We are trading so much as we continue last week's behavior of counter trend trading.
the The bearish bias was easy for all to see albeit correct and you need to make it in for Sunday night to get the head start that gives you the freedom to trade as actively as I have. I will continue to trade the overnight until I can get another no risk position on selling at the .65 area
buying in the .1x area shade a little to either side wait for the turn jump on board I am using donchian channel as a st guide to see the momentum level out for trading the ranges.
and drop an email chrgr06@yahoo.com to schedule
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