Suggest not yet - there's no reversal candlestick pattern yet on daily timeframes. Wait for that to happen first.
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Have a look, nice one doji , buy more. i mean i do not buy on whole deposit, i just collect little by little, thats what my strategy is. however according rules, you have to buy above yesterday high.
Yes, I got some Bull Call Debit Spread risking $1 for a $2 reward, a bit more than 24 hours ago, very close to the swing bottom.
My risk is actually minimal because the Call debit spread is funded by selling options further away. Basically, if it falls, I won't lose anything, but if it rises, I stand to win, unless it zooms up extremely high above $55, when I will leave the call debit spread to win completely ITM and cut my loss at the Sell 55C. Let's see how it goes.
{quote} Have a look, nice one doji , buy more. i mean i do not buy on whole deposit, i just collect little by little, thats what my strategy is. however according rules, you have to buy above yesterday high. {image}
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Hello Mihrutkanik,
I had the same plan, thought that 51,5 would hold....got stopped out with +5 and reentered short after the level was tested, I´m already out of the trade and now in watch modus.
{quote} Hello Mihrutkanik, I had the same plan, thought that 51,5 would hold....got stopped out with +5 and reentered short after the level was tested, Im already out of the trade and now in watch modus.
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I was Day Trading many times in and out, and collect a few hundred after numerous trades. For my Swing Trade, I'm still in it with a $49/$51.5 Call Debit Spread which I added, all fully financed by Sell 55C and Sell Puts (various prices). If CL Futures closed above $51.5 at expiry date (nearly 3 weeks time), I hope to keep a cool $10k profit. If price crashes, I don't lose anything generally as the Puts sold are quite far away, unless it is a large crash (when I may adjust the Sell options then).
Looking at the Daily, the $55, followed by the $56 to $57.50 handle would seem some tough levels to give way in order for the market to establish itself above or in the late 50's to 60 dollar territory; though above the $58.50 WTI could be set to catch a Bid with substantial new selling pressure only coming in again at the $62.50 handle.
To the downside, the market trading and establishing itself again below the $45 could wash out any net longs, as well as to trigger and the loading of new short positions.
oil in the flat, it seems to go higher until the end of November. i expected on Monday reverse bar, but no way. last chance today but bullish tendency looks too solid.
