New trade prediction on crude Market structure Documentation
I really like trading especially when things tend to go my way but have realized my tendency to change up on my strategy once things don't go my way.
Yesterday I was analysing crude and found a positive possibility entry to the upside. Take a look
Yes we have reached what looks like a critical resistance area that looks like a good selling indication but one the other hand there also seems to be a reversal pattern involved, you guessed it yes it's called the inverse head and sholder pattern.
Possibility of breaking back through the top a few tile.
I opened a trade with ten sizes and now my plan is to hold for the rest of the week once we are stopped out we may look for another but once we go green we learn the effectiveness of how this really so as far as I see it I have to let time go this trade may make me lose $26 dollars but if correct give me 90 dollars what are the odd's.
Still flouting profit
Some new ideas
Currently also minimized my stop loss.
The final results show that it's more effective to do intra day trading as you can secure the bag immediately when you find that your up significantly.
We where up about $18 the last time I saw it and now I am thinking there is only two ways proven to help with this and that is a trailing stop (breaking even) and then also hedging but those are complaining how about trying to go a little lower on the time frame and doing bigger risk this means also minimal trading only twice to three times a week for professional purposes and also then still trying to be hitting trade's that ride all the way up to take profit.. I am guessing the double top we had made our ambition just too much next time we secure the bag.