WAMyers

My Thoughts on CL for Tuesday, August 7, 2018

WAMyers Updated   
NYMEX:CL1!   Light Crude Oil Futures
Do NOT trade anything based solely on this post. I do not. I will not.

I've been drawing these lines for a while now and am generally satisfied with the results. Publishing this is my way of putting myself on record.

Disclaimer:
This presentation is for informational purposes only and does not constitute investment advice. I may or may not take any trades suggested herein. Trading in securities markets is high risk. You should carefully consider if engaging in such activity is suitable to your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of and consider all risks associated with futures and foreign exchange trading, and seek advice from your own independent financial advisor.
Comment:
Neither upper or lower final targets were touched. Still, another very active trading day.
My entries were:
1.) Buy to open entry at 9:54 AM ET, stopped out at 10:06 AM ET.
2.) Sell to open entry at 11:07 AM ET, stopped out at 11:08 AM ET.
3.) Sell to open entry at 11:18 AM ET, stopped out at 11:18 AM ET.
4.) Sell to open entry at 11:43 AM ET, stopped out at 11:47 AM ET.
5.) Sell to open entry at 13:31 AM ET, scratched at 14:10 AM ET.
All told, -1.7R on the day.
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