Brent Crude Oil Demand Spike(WTICOUSD, too)
Updated
Looking forward to entering Long on BCOUSD after NFP today.
Am not too eager to enter, if it happens, its good. If it doesn't happen, I am fine too, since today is Friday, and I have to hold my positions over the weekends.
I am used to holding trades over the weekends, however I prefer the weekdays. Therefore, when Mondays roll around, I thank God its Monday!
Anyway, our discounted price zone is the 10EMA based on previous Black Friday Sale discounts offered.
Price made a kink in the 10EMA discount by offering 20EMA discount yesterday or so, however, I do not believe it would continue giving 20EMA discounts which is bigger discounts, because, the Flag Pole is very big and long, while the flag is minute.
As usual, I am very aggressive at cutting losses, and moving my stop loss towards Breakeven and into profits. Once the trade is in, I will immediately shift my stoploss upwards by one tenth of the SL size, because my intention is never to price hit my full R loss. I am wrong many a times, by being too aggressive at cutting losses, moving my stop loss forward, etc and price continues to go in my favour after I am out of the trade, however, the results does show that I am profitable, and so, I will continue with my new ways.
I began doing such aggressive SL shifting earlier this year at around February, and it has been profits for me ever since, week on week.
2002SGT
05042024
Am not too eager to enter, if it happens, its good. If it doesn't happen, I am fine too, since today is Friday, and I have to hold my positions over the weekends.
I am used to holding trades over the weekends, however I prefer the weekdays. Therefore, when Mondays roll around, I thank God its Monday!
Anyway, our discounted price zone is the 10EMA based on previous Black Friday Sale discounts offered.
Price made a kink in the 10EMA discount by offering 20EMA discount yesterday or so, however, I do not believe it would continue giving 20EMA discounts which is bigger discounts, because, the Flag Pole is very big and long, while the flag is minute.
As usual, I am very aggressive at cutting losses, and moving my stop loss towards Breakeven and into profits. Once the trade is in, I will immediately shift my stoploss upwards by one tenth of the SL size, because my intention is never to price hit my full R loss. I am wrong many a times, by being too aggressive at cutting losses, moving my stop loss forward, etc and price continues to go in my favour after I am out of the trade, however, the results does show that I am profitable, and so, I will continue with my new ways.
I began doing such aggressive SL shifting earlier this year at around February, and it has been profits for me ever since, week on week.
2002SGT
05042024
Trade active
Entry : 91.389SL : 88.799
First TP : 93.982 (1R)
Second TP : 95.312 (1.51R)
Note
SL shifted to 89.316 for both orders.Note
Shifted second TP lower to 94.776 (1.3R)Trade closed: stop reached
Shifted stop befor New York Close last week.Today, I closed out manually for a -19.5$+- loss.
My Sl was about to get triggered when I was at about 7.5$ SL per order, and was considering my options.
And I decided to let it sit for awhile more since it was still early in the morning at about 8am.
However, when price came down to 9$+, i decided to manually exit instead of giving the market little what i could give, because based on my experience it will hit my tight SL.
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