Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
#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.
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
