January 28, 2013
- in Uncategorized by schooloftrade
1015am EST market up-date CRUDE OIL
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| crude oil up-date |
We took the
short off the PHOD using the InsideOut Set-up for an easy winning trade. We are not at the LOD and almost to the PLOD which
means we have two more scenarios to consider.
short off the PHOD using the InsideOut Set-up for an easy winning trade. We are not at the LOD and almost to the PLOD which
means we have two more scenarios to consider.
First, if we
test the PLOD and the buyers come into the market sentiment we will look for
the price-reversal and use the InsideOut Set-up to buy the lows of this range. Profit-target for the long trades will be the
trigger-zone resistance at 96.14 and then up to the PHOD.
test the PLOD and the buyers come into the market sentiment we will look for
the price-reversal and use the InsideOut Set-up to buy the lows of this range. Profit-target for the long trades will be the
trigger-zone resistance at 96.14 and then up to the PHOD.
Second, if
the sellers are too strong we will then see new lower-lows below 95.43 and we
will use the Wave Set-Up to get short. Just
beware the additional support levels below this area at 95.36, 95.31, 95.12,
etc. Make sure we don’t trade short into
these levels. Profit-target for the
short trades will be the previous week’s lows at 94.95 and we can see easy profit-targets
on the way down using the major swing indicator.
the sellers are too strong we will then see new lower-lows below 95.43 and we
will use the Wave Set-Up to get short. Just
beware the additional support levels below this area at 95.36, 95.31, 95.12,
etc. Make sure we don’t trade short into
these levels. Profit-target for the
short trades will be the previous week’s lows at 94.95 and we can see easy profit-targets
on the way down using the major swing indicator.
