They seem to be ignoring the inventory number these days. We know it will be high again. Mid East news trumps the number these days.
if any of you more seasoned traders have looked at my posts, I would most certainly accept constructive criticism. Thank you.
Apparently, there's this to come later today, i have no idea what it means: 4:30 PM ET. Mar 25 API Weekly Statistical Bulletin Crude Stocks (Net Change) (previous +0.97M) Gasoline Stocks (Net Change) (previous -7.88M) Distillate Stocks (Net Change) (previous -0.61M) Refinery Runs (previous 82.6)
seems this is alternate day DUMP & PUMP pattern - yesterday DUMP - today PUMP ( this may be trap-in new LONGS for tomorrow eventual 103 ) - tomorrow DUMP ( to 103? )
105 is the exact high end of yesterdays value area. If we can finish the day below 104.75 I will be net short once again. That is a big IF.
You seem to be doing okay for a day like today. Small successful scalps. Whatever works. ADD You're new here and we may have forgotten to mention that 20% of all profits goes into the OP's (original poster's) account. That would be schizo. Checks or wires are both acceptable.
Try and run your profits somewhat more. From my cursory look, it seems you are close to 1:1 risk/reward, correct me if i'm wrong.