The Crude Index scalper

We are in an uphill zone, 96/97 will be a challenge for the 30mn. On top of that the 30mn is below the 50. Kriptonite overhead.

 

The 30mn is entering the overdone zone, my earlier calculations incorrect.

 

I had a major bias going into the market this morning, but still kept my objectivity with my stops.

One must remember that stops are tools that are used to help control your risk exposure. The wider the stop the greater your loss. If you are one of those that trades without stops and thinks that markets will come back to your entry, you might want to rethink your strategy.
The risk of bias interference will always be there, keep your loses low and stay to trade on another day.

 

FYI, 2814 is the high from Tuesday march 13th.

 

I'm back to wake this journal up and post entries,exits and market condition thoughts.

Hope everyone is enjoying the slow Thanksgiving Holiday trading week.

 

Pause in place. 9:35 and 9:36 1MN BAR total 48k volume.

 

The Big volume Bounce was worth 10+ points, Price appears to be exhausted do to negative news weighing on price, unless we get some positive news from Washington, Gravity will be taking ES lower?

 

30mn looks to be near bounce point

 

Its death by 10 cuts time, Long 78,2pt-stp