copydrbij

Catch the falling knife.

Long
copydrbij Updated   
NYMEX:CLQ2016   Crude Oil Futures (Aug 2016)
Vertical big bad scary red candle upon eia. Broke both TL and Wedge, which we are currently crawling back into. Now, i am taking a risky position here (falling knives not meant to be caught). But i am counting on profit taking into weekend and some realism plus this upsloping median set which 'cuts' very nicely. Not risking much here just small portion of this weeks gains. If you are thinking about following please maintain rigid stop loss :)
Trade active:
moving stop to b.e. on this... If we can not recapture the uptrndline this thing could fall hard .
Trade closed: stop reached:
Shaky hands, stopped out at break even. Still think it will go up but not risking it (preserving my prefect streak for the weak) will be eyeballing it and enter if opportunity knocks (maybe shorting it at the median)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.