NYMEX:CL1!   Light Crude Oil Futures
76 5 5
If it hits 47.90
Comment: Lowered stop loss to 48.18
Comment: If I get stopped at 48.18, will consider it a bear trap and plan to enter long at 48.21 targeting 49.40
Being flexible in trading is a key to success.
Trade closed: target reached
Seems like playing with fire ahead of OPEC,but who knows. : ) thanks.
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@tbuckle, This is only supposed to be a small correction. I have a tight stop loss in place at the moment.
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tbuckle PRO ControlPanel
@ControlPanel, Great trading.
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What is the reasoning for the short?
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@tbuckle, At 47.90 it makes lower high and lower low. Macd pointing down below the slow line and the squeeze indicator in red. If it doesn't make the move to 47.90 soon the call is invalidated
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