Bear Market Trader | Weekly trading Plan WTI Crude Oil
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WTI Crude 2021 Week 24 Trading Plan

WTI Crude 2021 Week 24 Trading Plan

#Fin­twit #Order­flow #day­trad­ing #day­trade #forex #FX #trade­plan #trad­ing­plan #trad­ing­forex #trad­inglifestyle #day­trader­life #oil #crude #WTI #USoil

This is my week­ly out­look on WTI Crude Oil. The lev­els that I will be look­ing at with a high­er prob­a­bilis­tic chance the mar­ket will start react­ing. Dur­ing the ses­sion I then wait for the mar­ket to hit those lev­els and either con­firm or reject my bias through price action con­fir­ma­tion and order flow. I hope that makes sense. If not, please get in touch with me. I love to talk to peo­ple that are on the same path as me. So don’t be shy and reach out. 

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Month­ly — Slight­ly Bullish

  • Price formed a MN RBR through Bull Engulf giv­ing MN-C‑D 62.490 with one test and con­tin­u­a­tion high­er arriv­ing at MN-C‑S 69.678
  • Price trad­ing with­in MN QHi

Week­ly — Slight­ly Bullish

  • W1 Bull Engulf giv­ing W1-C‑D 65.568 at W1 VWAP in UT TC above MN demand
  • Price trad­ing with­in W1 QHi below W1-C‑S 73.340

Dai­ly — Slight­ly Bullish

  • D1 demand cre­at­ed through Bull Engulf at MN C‑sup with con­se­quent RBR test­ing said demand 3 times arriv­ing at D1-C‑S 71.50 with slight reaction
  • No D1 Q point activated

Sen­ti­ment sum­ma­ry — Slight­ly Bullish

  • MN shows a strong move high­er although hav­ing arrived at a strong sup­ply from Octo­ber 2018 some reac­tion could be expected
  • W1 is show­ing a con­tin­ued move high­er as well although near­ing W1-C‑S 73.340. If price takes out W1 Sup­ply End 76.899 price would take out the high of Octo­ber 2018
  • Price arrived at a strong D1 sup­ply with only lit­tle reac­tion so far which could mean a con­tin­u­a­tion until proven otherwise

Addi­tion­al notes

  • N.A.

ZOIs for Pos­si­ble Shorts

  • W1-C‑S 73.340
  • D1-C‑S 71.50
  • MN-C‑S 69.678

ZOIs for Pos­si­ble Long

  • D1-C‑D 70.000
  • W1-C‑D 65.568
  • MN-C‑D 62.490

Focus Points for trad­ing development

  • Month­ly Goals
    • No momen­tum trades on Non-Farm Fridays
    • Total of 13 trades by the end of the month
  • Week­ly Goal
    • Min. 3 times work­ing out at home + manda­to­ry cardio
  • Risk Man­age­ment
    • With­out forc­ing a trade: aim to take 1 trade a day, if pos­si­ble 2. 
    • Cap­i­tal Preser­va­tion dur­ing draw­down allows for 1R profit-taking
    • 2 con­sec­u­tive days of lack of sleep = NO TRADING


Day trader. Tech geek. Sim Racing Enthusiast.

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