Today should have been an easy day to go long at the Inventory level, but they whipsawed me out a few times so I gave up just before the big move to my target. The target that I marked up was from my MT4 Oil chart which looks different from this oil chart. The Mt4 oil target was hit, but this target was not so I recalculated where the target would be using this chart and it was also hit, but it was at a lower level than the MT4 chart.
I will look for a W pattern at one of my levels tomorrow to go long and this time I will use a larger stop so I won't get knocked out so easily. We had 2 levels of rise and am expecting at least one more on Short squeeze Fridays. It is a lot easier to be an analysts than a day trader as I had perfect levels but still ended up with a lose today when this is one of the safest longs to take. I will update a more precise target tonight
I will look for a W pattern at one of my levels tomorrow to go long and this time I will use a larger stop so I won't get knocked out so easily. We had 2 levels of rise and am expecting at least one more on Short squeeze Fridays. It is a lot easier to be an analysts than a day trader as I had perfect levels but still ended up with a lose today when this is one of the safest longs to take. I will update a more precise target tonight