Brexit Continuation

Brexit Continuation Part Deux

Brexit Continuation Crude Oil Trading Part Deux

 

The crude oil futures market went down 2P on the move down today before stopping the advance and going back up to the point of control between 4750 and 4800.

Personally, until we close above 4800 in the crude oil futures market the short seems to be a better trade with a target of the 200 Bar SMA on the Daily Charts.

As always, trade what you see and not what you think!

In addition, I will wait for the 4th Holiday in the States before taking on any real actual “funded trading opportunities” at this point in time. I need to get myself grounded again and prepared to trade for real money.

All of this money that was on the table, even though, I had a plan of attack … there is nothing I can do but say woulda, shoulda, and coulda …

In other words, I need to separate myself from this negative situation. But, don’t get me wrong, it doesn’t change my overall opinion of not being allowed to trade and do what I do best trade volatility, while controlling my risk as a day trader.

Even though, there was 57 ticks of gain on the table, in addition to, the $4,000 or more of gains available since last Wednesday … I can either cry about it … laugh about it … or continue to feel angry and disgusted about it.

One thing is for certain … no amount of complaining is going to make a difference. It is the Type A personality that you have to deal with, “the it’s there way or the highway.”

Hopefully, they will do right by me, this seems to be all I can hope for at present.

As far as Brexit continuation, time will tell who is right and who is wrong … trade what you see and not what you think!

Bugs Bunny Trade:

Last few minutes of the trading session (open outcry), from 1PM CST to 1:30PM CST showed the hand for a temporary up move of at least 1P of profit.

The Long Entry Point was at 4756 at 1:18PM CST and an exit at or before 1:30PM CST or around 4785.

 

Good Trading,

David M. Knight
TradeCraze

P.S. I am doing the best I can trying to cope with the situation of not being able to trade actual money in the FT at TST.

P.S.S. I am rereading Mark Douglas’s Book: Trading In The Zone (highly recommended reading)

 

 

 

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.