and one important trading logic to share:
Guys, Today I receive a msg from one of the follower
"sir, any forecast on oil now?"
then i draw this chart to him:
1. Oil is in a tri-angle right now, lower highs and equal lows.
2. 48.00 is strong resistance structure
3. 46.50 is strong support stucture.
problem: price is right in the middle!
it can go up or can go down and your risk is not small at all.
Do not Trade Oil at this moment, which means:
Have some rest!
here is the sharing part:
Traders, how many times you feel that you have to do
how many times you think you got itchy finger?
Please take note:
If there is no much trading opportunity,
DO NOT FORCE TO TRADE.
wait paitiently for the price to react at thoese
important structure and you will have a clearer
trading plan by then.
Good night! Wish you a happy trading life!
Plan your trade, trade your plan!
Always here to share,
Jack ( tntsunrise)
Guys, did u catch this short trade?
For thoese who has viewd my charts
and get the short trade ,you can consider to take profit now
QQ Group: 609224828
Price can become choppy during consolidation. There were many times that my positions were shaken out with a false break out and then the price moved in my direction.
As always, your opinion is greatly appreciated especially on trading logic and philosophy.
Jack i hope you dont mind me speaking out of turn.