copydrbij
Long

Catch the falling knife.

NYMEX:CLQ2016   LIGHT CRUDE OIL FUTURES
Vertical big bad scary red candle upon eia             . Broke both TL and Wedge , which we are currently crawling back into. Now, i am taking a risky position here (falling knives not meant to be caught). But i am counting on profit taking into weekend and some realism plus this upsloping median set which 'cuts' very nicely. Not risking much here just small portion of this weeks gains. If you are thinking about following please maintain rigid stop loss :)
Trade active: moving stop to b.e. on this... If we can not recapture the uptrndline this thing could fall hard .
Trade closed: stop reached: Shaky hands, stopped out at break even. Still think it will go up but not risking it (preserving my prefect streak for the weak) will be eyeballing it and enter if opportunity knocks (maybe shorting it at the median)
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