Previous post about high probablity daily local top signal via link below.
Comments
IvanLabrie
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Looks like it's good to exit longs, I get the same reading here.
Kumowizard
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That's the correct reading. Better to stay flat, experienced traders may even try with 1/3 or 1/2 position size short wirh stop at 50.90+
IvanLabrie
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Right, I'm in USDMXN/GBPUSD shorts meanwhile, swapped oil for it. (always nice to swap when profits are already good, and expecting a pullback).
IvanLabrie
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I noticed you had the same idea as me, when the post-OPEC surge started, great job mate ;) (you bought on close? I bought right when it was breaking out but it was a riskier play)
Kumowizard
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I bought some earlier,some more later. But I sold it way too early when I first thought we'd see a local top below 50.
IvanLabrie
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Yes, it was tricky. I closed half, then rebought on a dip on the first day, then closed all recently. Bought back, but got out finally today since it wasn't acting like continuation was viable for now.
Waiting for this week to pass, I'd assume earnings season has to do with erratic behavior in many instruments.