US OIL new plan

We are looking for intraday gains on the short side of oil. Price is way high and market news sentiment around OPEC is out.

There is a very important lesson lots of traders always miss out, so we are going to cover it now.

Firstly, when you are looking at higher timeframes, trades will take longer and can move further against you. This is because the timeframes are HIGHER and so are the prices. On an intraday chart you might be looking for a quick move to be out for profit. On a daily chart, you should be accumulating positions and offsetting gains/losses. you will find the higher the timeframe the more price can move. Trades on higher timeframes have higher ranges and therefore can take longer.

Secondly, assets like oil have large ranges. If you are expecting to pinpoint your trades every single time for a smasher 10$ move it just wont work. If you are not suited to this, drop your timeframes down and look for fast gains.

Finally, on such assets you cannot be trading big. Risk management is the way you manage your position size and distance between positions. If you are trading too large because you want to make it big.. It just wont work long term. Drop the size especially on assets that can move fast.

Comment:

Out for profits. Re short higher.

Comment:

Exit again for second round of gains. Well done!