Trading Plan 04072020

07 Apr Trading Plan 04072020

This is part of my prep-work going into the Euro­pean ses­sion of crude oil. I am not sure if I will keep post­ing this but in an effort to keep doing some­thing with the web­site I thought this might be good. I already do this work with­in my Edge­wonk trad­ing jour­nal. I’ll do a sep­a­rate arti­cle on that some­time later. 

These are my hypo­thet­i­cals for today’s ses­sion. Basi­cal­ly the lev­els that I will be look­ing at where it has a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Then I come up with ways I think the mar­ket will react around those lev­els. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my hypoth­e­sis. I hope that makes sense. If not, please get in touch with me. I am not sell­ing you any­thing. I just love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

(In order of what I think has a high­er probability)

Hypo­thet­i­cals

1. Break Out fail­ure from 30.235
   1. Short around 30.25
   2. Tar­gets
      1. 29.75
      2. 29.45
      3. Extend­ed tar­get 28.80
2. Swing Rever­sal H4 QHi + M30 D ZOI
   1. Short around 29.90
   2. Tar­gets 
      1. 29.45
      2. 28.80
      3. Extend­ed tar­get 28.45
3. Break Out from 30.235
   1. Long around 29.90
   2. Tar­gets
      1. 30.50
      2. 30.90
      3. Extend­ed tar­get 31.40

Let me know what you think. This is an excit­ing but also very lone­ly jour­ney that we are on so get in touch.