A point is a lot but direction is even bigger

there might be more corrections out there but Im glad to see that if our data continues to be strong that we will not wilt just because the Chinese had a bad day. They are not in charge just yet.

The whole world is global now without a doubt but with their market as it is currently constructed

a correction does not spell disaster instantly for us especially with the rules of investment and that such a small number thus far are involved in the trade.

. We are still the lead horse in this race and they say we it will not always be so but until then like I said that yesterday morning that was too much. Whatever the case in Shanghai we are moving out recession and our data and market supports this notion. Have we come too far too fast

Not that far not that fast that is why I keep preaching to buy these discounts as they come our way. Did they just forget how we got here don't be so shocked by how we get back and we are still a long way from even.

That being said Oil has made a nice run 7+ points on nearly a straight line we back off a half on the overnight After position trading I have less inclination to simply wade i and scalp for quarters the risk reward does not make sense their I fairly adept at scalping but I don't particularly like it-I find the stress remains with the right foot on the gas almost the entire

experience. I will of course roll my sleeves up and generate quarters if I miss my in and the market is moving against my overall position to offset losses.

October we wanted to sell we hoped for 74.5 but never got higher than 74.07 and now 73.12 which leads us to the title a point is a lot that is a thousand bucks and it would nice to catch every last red cents that we can but we choose entries here and that is trickiest part of the game

and no one like to choke while we wait for it to reverse almost every bad position will let you out at least once for even even if it moves a two points against you but that is a dangerous game because oil makes those 7 points moves once in a while so a sale at 67 would have you in some pretty deep water about now. 1.5 is my max I can personally stand without taking my meds.

So continue to use stops and usually keep them tight as 25 cents

We have are backs against thew range here again watch the eco-data as it comes if you followed my post last night you know what to look for and member pricing out soon. Good luck traders