NYMEX:CL1! Light Crude Oil Futures
11.20.23 For the last week and so far for this week... oil is the market you want to be following and trading. Silver was tradable but it's a little difficult to take a trade even though it's a opening price short trade today. Every market has easy trades and hard trades... which means you have to work harder for the markets that aren't so easy on any given day. Personally, I try to wait for the easier trades... and I try to acknowledge when I'm working too hard on the More difficult trades.... and just in case... I keep the stuff small. Oil is more like a significant correction lower and now it's time for a nice big swing higher because of the way it reversed on Friday. If you miss all of the breakouts lower on oil you will make up a lot of that as a buyer on Friday. One of the reasons why I like range boxes is that a range box that has a very significant range.... and you know the buyers are at the bottom of the range and sellers are at the top.... it's much simpler to trade the ranges a lot of times. If you can, you want to learn how to be a swing trader so that you can stay in a good market longer and let the market run for you.... than always trying to Scalp. I found it very hard to do both... and it took me a long time to realize it had something to do with my personality and the way it affected my trading. I believe every trade should be analyzed before and after the trade and sometime during the analysis I always ask "What did I do wrong... and how can I fix it"?