Thursday, September 11, 2014

Crude Short

All higher time frames still pointing down... H1 volume indicates MM's are bearish and pumping price up to dump it again...... Possibly I will add to the trade with Momentum.   Will do a Before & After on this one.....  Entry taken on M1 RSI+ 80

Update: Price has moved a bit higher, figured I was a bit early but it's fine as the trend is very strong to downside and volume clearly shows that MM's are bears. I have added short positions.

Before




Took profit... Added a bunch at 93.20 range... price dropped below 92.10... still looks very bearish and will likely head lower, but I will look for more opportunities to short higher if it does go back up.  100+ pips on a few positions is good enough for me.

After

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