For past 1 1/2 weeks, Crude has been in a range. So I have been fading the range at the extremes. Succeeded mainly without stop loss. Risky move, but trusting in PA which says you can fade a range. Whenever I put stop loss, it has been taken out. Sometimes I exited a winning trade before it quite reached the other side of the range, contented with a smaller profit.
Some days, there were no trades. Today seems to be a no trade day, for crude has taken a bullish cross on the 20-50 EMA, but the high on 1hr USOIL is lower than the previous high. And even if it breaks out, PA tells to wait for a retest of the high. Or wait for a higher low to form. So better wait and .
Some days, there were no trades. Today seems to be a no trade day, for crude has taken a bullish cross on the 20-50 EMA, but the high on 1hr USOIL is lower than the previous high. And even if it breaks out, PA tells to wait for a retest of the high. Or wait for a higher low to form. So better wait and .
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