Feb Crude Oil – 60 Min Chart 1-11-18
Breakdown of Today’s Update
Published 1/11/17 8:25 am central:
Here is an update to our long crude position from 1/9/18. To see why we got long and the story of this trade reference back to previous blogs.
As I continuously preach to followers, we need to put our trades in scenarios that allow winners run. This is a PRIME example.
We made another leg higher in the overnight. Also, note each breach of these top boxes could be argued to be position adds “adding to winners” or new entry locations if you missed the original entry or took the trade-off as a day trade due to margins. No excuses to not be involved.
- 1/9/18 – Long @ $62.00
- 1/11/18 – market @ 63.92 + 1.92 $1920 before fees per contract – session high @ 64.08 +$2080 (time of email)
- Risk – Trail below bottom box @ 63.50 zone (locks in $1500 per contract
Trade Entry from 1/9/18
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