5.30.23 I think this is a great trade to think about for oil because it actually gave a signal to go long and then It reversed and there would have been a loss,But it could have been managed with a small loss ...But this was a great setup to actually short the market.... and equally as important the market still had a correction they gave you a second opportunity to short this market and make a couple thousand dollars or more. I believe A lot of the price action that occurs in the market.... the patterns and the retests As markets move in one direction and then correct for a while any other direction Represents the algorithms of high frequency Trading that occurs with large money... smart money... the trade with scaling techniques to manage large volumes of contracts that require that they need the scale... contract.... but they make their wealth by scaling in and out with hundreds of contracts or more... and you and I won't even recognize it as the smart money. There's a very well recognized way of trading by looking at Markets as auctioning... market profile is one of those software packages that is very good and was developed by a very smart man who became a billionaire Trading the bond markets before he sold his proprietary system. it was one of the first Systems I looked at around the 1985 time of my life. It didn't work for me because my brain didn't work well at that time in life when it came to Trading. I see the market more as algorithms the facilitate the trading of professional trading firms that use scaling techniques along with large volumes of contracts... but scaling in and out as the market moves....As a reflection of the patterns that I use to analyze the market. In other words the market Trading in one direction and then correcting for a while in the other direction is a reflection of large amounts of money that make Profits for buyers and sellers....Including sophisticated trading strategies that buy and sell... and lock in profits Using scaling techniques. Even if you don't scale and you only trade one contract, if you change your paradigm of thought to factor in how smart money and large capital Creates opportunity and manages risk... there were ways you could have taken A long trade oil with a small stop... you would have lost money but you would quickly make it back with a very profitable trait.... and if you hadn't been in the market at all, you would have an opportunity to Trade this market at a double bottom and wait for it to get to the 382 which I show you in the video and you would have made over a couple thousand dollars on that opportunity if you missed everything else today. I believe the paradigms of Skilled professional Traders versus less qualified Traders Makes all the difference on how you'll manage the market and think about the market. for years I believe that markets have lots of random behavior and now I believe that's a toxic point of view that is Woefully Inadequate. We are all entitled to our own point of view... this is mine. I think this video is worth listening to one or two times... to see if it resonates with you.