Currently moving up with equity futures. Waiting to see if it reaches near term resistance at 56.70 and how it reacts from there.
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DislikedCurrently moving up with equity futures. Waiting to see if it reaches near term resistance at 56.70 and how it reacts from there.Ignored
Disliked{quote} What is your timeframe of trading oil? And how you "time" your entry/exit and set TP/SL?Ignored
Disliked{quote} I trade the daily chart and will rarely do a round trip intraday trade. I go back several months to determine support/resistance levels. I don't try to time a trade. I wait for prices to reach a level then build a position using a variant of mean reversion I have used for several years.Ignored
Disliked{quote} Please allow me to ask more questions, just want to think like a great trader. The WTI recently is not having an obvious direction, and with the global demand that is so influence by the trade war, how to find the edge from daily chart?Ignored
Disliked{quote} I don't pay much attention to volume. Oil is so liquid that most big moves are on heavy volume anyways. That is why I like trading oil. Supply/demand, USD, macro. Much easier than trading equities.Ignored
Disliked{quote} Equity has many variables But WTI also got some nasty things like those sudden U-turns whish could wipe your profits in a minute. So use your SL wiseIgnored
DislikedRecently only in very low time frames (such as 5m) can find trades setup Saw this but didn't trust and missed a 100 pips fast profit {image}Ignored