Yes, you're right about the stop. I don't know if I can accommodate a RR > 3, that would require getting in near the support. It might be a better approach to incorporate elements of chartists and play support levels. Oil seems to be happy to slice thru S & R levels very easily.
This was an early exit, I intended to hold til 94.90, I lose my nerve, looking at the screen too much, my focus narrows into the tick by tick torture
analysis of charts? Attached is a chart with my TP and SL. As noted above, "I'm not much of a chart reader but respect the fact others can be good at this art."
I'm out as per the TP on that chart, at 95.40, for 120 pips Attempting to re-enter long at 94.15 and then take it for another 120 pips
And stopped out at 91.97 for -218bp, erasing most gains over the last 2 days I'm going to look into the relevance and timing of the Oil news events