OIL looking for a further bullish move

If oil moves above this line I feel we could have a further move to the up side, I will layer into this trade in the event we break tehn retest back into the current price range.

Comment:

I will be actively managing this trade will post all management ideas, until the short term volatility passes will be using a very large stop, more of a catastrophic stop, well outside the short term noise.

Comment:

working out well so far. we have 2 things to consider one we have been on a big up mover that can retrace at any time or place, if so we may want to protect some profit. If holding more than 1 contract closing part to prevent any loss would work also. second thing to consider is above us is like dead air that could suck oil to 85 and on to 90 so we can be aggressive and hold or conservative and protect. I will be taking enough profit on one and then keeping a decent stop and if we walk up some more will lock in a profit but still hold.

Comment:

well that happened fast, will lock in $450 per contract and see where it goes from here.

Trade closed: target reached:

this trade held most of the night but did finally hit the profit stop so closed each contract with $450 profit will be looking to reset this long if I see a good opportunity

Comment:

I see this trade can be reloaded again if we go over 72, but it feels so stupid to do it up here. However I might have to push in on it, I have been looking for a drop to buy but that just may not happen

Comment:

so far this trade has worked out right to plan, I got a second piece long at 71.4 and have sold it back at 72.5 and have 30 tick locked in on first part.for $1400 locked in gain

Trade closed: stop reached:

closed with our locked in profit, will be resetting this trade soon, but may have a short before we do so