THAT'S TRADING...we were looking for a pullback that didn't happen and our rules say "No Trigger, No Trade" and we didn't get a trigger therefore we are not in this move. Does it hurt...YES! But discipline pays and with discipline you will miss some moves. If you are short CONGRATS! Be sure to take some profits and move stops. $41 is approaching fast. We are still watching for bounces to see if buys are stepping.
mgdogan...thanks for the message. 43 target was taken out so that target is not valid any longer. Crude has moved back inside Monthly/Weekly trend line so we are cautious to the downside because of this. We are not short since nothing has triggered since we missed the trade (see post above). I am curious how did you get short 45 and 48? What was your trigger and why did you average down on the trade? Thanks