WILL CRUDE FOLLOW SP500 & & FILL THE GAP? WE DON'T THINK SO
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Good Day Traders!
For those who followed my previous post must have made tons of money shorting crude. So what's next? Will Crude follow SP500 and fill the gap? We don't think so and here is why:
Link to my previous post :
Dow has gone up near to 15% from the lowest last Friday. Use that figure & add a standard deviation of 2% (we have 17%), and put that in the chart. We are planing to short around level 35.00 - 36.30 with CL of 37.00. Same TP as mentioned in my previous post. Risk reward of 3.5 which is pretty good, checked.
By combining simple math & simple support & resistance technique, you can do it too !
Feel free to like and comment if you agree!
Tag your trader friends so that we can learn and grow together.
Happy Trading :)
Always remember to follow Rule_no1: Do not rush into trades based on the emotions of excitement, greed or fear
For those who followed my previous post must have made tons of money shorting crude. So what's next? Will Crude follow SP500 and fill the gap? We don't think so and here is why:
Link to my previous post :
Dow has gone up near to 15% from the lowest last Friday. Use that figure & add a standard deviation of 2% (we have 17%), and put that in the chart. We are planing to short around level 35.00 - 36.30 with CL of 37.00. Same TP as mentioned in my previous post. Risk reward of 3.5 which is pretty good, checked.
By combining simple math & simple support & resistance technique, you can do it too !
Feel free to like and comment if you agree!
Tag your trader friends so that we can learn and grow together.
Happy Trading :)
Always remember to follow Rule_no1: Do not rush into trades based on the emotions of excitement, greed or fear
Ordre annulé
Plan changed due to unexpected rate cut by Fed. Can refer to link below:
reuters.com/article/us-health-coronavirus-central-banks/fed-slashes-rates-central-banks-pull-out-stops-to-cushion-coronavirus-blow-idUSKBN21219K
We have decided to sit and monitor closely without doing anything.
Follow Rule_no1 for more updates!
"Stay out when you can't figure out what's happening in the market."
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