simple oversold rsi levels reached ..now its time to be patient

rsi levels simple Strat ..patient for the market can be more oversold..H1-D1 has the setups on the charts .

Trade active:

their was gap on the h1 to h4 charts from Sunday that has finally been filled..due to the fact that the gap came back down to close out the gap I entered another buy trade as soon as the gap was filled in all the way to the beginning of the gap..now we resume back to our first setup with oil and the rsi levels being oversold..

Trade active:

oil is becoming even more oversold in the rsi as of today ..small lot size entrys is needed for this retracement wave ..patients and small buy trades as it becomes more oversold ..

Trade active:

things are getting hot quick ..oil is being held in the over sold levels chopping heads , its a blood bath ..stay tuned

Comment:

trade still in motion

Comment:

this trade if not managed properly would have and still can wreck your account ..perfect example of falling for a trap ..yes the trade still can go in my direction but it so far is a 4 month wait .if you survived the trap its possible to re evaluate and find another entry to ride up .most likely might have to double up on the lot size just to make decent profit while keeping that lot size to a small amount to keep protected .instead of using 0.01 with 100:1 lev ..make it 0.10 100:1 lev ..and from a setup like this and a 4 month wait doesn't even seem worth it at all probably need three standard lots in play .need a lot of capital for that trade .