TVC:USOIL   CFDs on WTI Crude Oil
4.4.20 This is a 90 minute review of the recent history for oil. There is an evaluation that includes the recent price action since yesterday as we look for possible trade on oil. The trigger on oil will be evidence of buyers which we have not seen yet, and there will be discretionary decisions since it's hard to precisely judge a buying tell. I am showing you my perspective of buyers and sellers along with price action the way I see it, and my attempt is to be as objective as I can, and yet we all know that there is almost never absolute certainty in any trade decision. The one thing I am stating, and might be contrary to general thinking from experts is that I do trade the market based on feelings, my gut level feelings, but I want my feelings to be market based as best as I can determine in real time. When all is said and done and I have made my determinations based on probability, risk, and potential reward, I will make a decision not only where the buyers and sellers are, but what side of the market I want to trade., I'm showing you the tools that I used, and I have not taken a trade yet. I am very comfortable with my analysis, and I'd rather not tell you my trade until I take because I don't want to be a single service, and because I don't want to be responsible for your bad results. At least I've got you to an area where there may be an opportunity, and for me it's either trading long with the appropriate signal or no trade at all. I will not make money if the market makes new lows, but if the market takes out previous structure, I would probably take another look for a long trade at this point. The market has made roughly $9000 remove lower to this point and I don't want to be a breakout seller.... even if the market goes five points lower, and if I miss the trade, I miss the trade. I don't lose money on a trade I never took. There is one obvious mistake that I made that I have very little control over, and that is when I was speaking about oil and the influences of market leaders on oil I used the "dollar"and you should replace that with the word oil.
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