Crude Oil Futures Paper Trade

11 Jul 2018

I would just like to see how this one plays out. This resembkes a simulated (paper) trade that I made on oil futures based on EW count and RSI bearish divergence mostly. Comments welcome.

12 Jul 2018

Trade aktif

Going well

16 Jul 2018

Catatan

We are maybe around 50% through wave 3 down today. I am not following this too closely and decided to add to my position (a little late) but will keep my stop-loss above the wave 2 extreme (just above the 0.236 fib shown above) until wave 4 has formed as I will be attempting to close near the wave 5 extreme - intead of targeting each sub-wave separately (as I don't expect a deep wave 4 retrace).

17 Jul 2018

Catatan

Looking at the 4hr timeframe I became convinced that we were actually in wave 5 (not 3) last night before this current bounce. Closed both short trades and am now long for wave A of the ABC correction (with a tight stop loss).