"I DONT FOLD UNDER PRESSURE, Great athletes perform better under pressure so put pressure on me." -Floyd Mayweather Jr.
Top of the Sunday Morning Family. I hope we all are well and in gr8 spirits as we get ready to start this trading week. Here I have constructed this SHORT narrative on OIL, out of the Current Range we are trading inside of. The consolidation zone ranges from prices of roughly ($79.30 to $77.20)... Here is what I will need to see in order to enter SHORT and target the 4Hr Swing EQ Level ($76.55).
1) On the Daily TF buyers have pushed price back up into an un-mitigated Daily Supply Zone. & Now that we have Mitigated this Daily Supply, we could see sellers step back into the Market and push price back down.
**** I would like to see buyers sweep the High of the Consolidation zone on the 1Hr TF! If price can break higher than ($79.30) then this would be a good sign for me. Now I want this to be a (Liquidity Sweep SOLELY with no real follow through from buyers) basically manipulation to the upside then BOOM!!! Sellers come in and drop the market off a cliff stopping everyone LONG and Sellers coming to sweep the eR/LQ Trendline to the downside...
2) Price is currently riding a HTF{ 4Hr Ascending eR/LQ Trendline } that I know is going to be swept with strong sellers to the downside and this is the move I'm looking for the HOUSE to CAPITALIZE ON....
3) The EQ level of the Consolidation range is what I need to see price break underneath with confirmed candle closures on the 30m TF & Below before I enter SHORT... The EQ level of the Range is roughly ($78.25)... ****I want to price sweep the Ascending eR/LQ then break and close with strong conviction underneath the Consolidation EQ Level ($78.25) on the 30m TF & below.
**** Now if and when we can get these sequence of events to take place then I will be compelled to place my Limit SHORT on the retest of ($78.25)Consolidation EQ Level and Target the 4Hr Swing EQ Level Below ($76.55) 170 Points SHORT in our favor...
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!
Woke up this Morning and all my Pricing on my data feed was way off. Idk why I'm going to reach out to Tradingview Support Team to figure out what happened. However here is an Update on What I'm still looking for to go SHORT on this Asset! #BHM500K
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1st Confirmation! LQ Sweep of the Range HIGH!!
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Price Broke Higher than expected on the 4Hr TF and swept the Descending eR/LQ... Now let's see what happens... #BHM500K
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Updated PA....Lets just abandon the 1st narrative and now let's see if we can catch a Counter trend SHORT on the Market Correction #500K
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Strongly considering SHORTING FROM $81.00 PER BARREL
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Limit Set SHORT $81.00 Per Barrel
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Updated LIMIT $81.70
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Waiting Patiently for the TAG!!!
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We Have Officially Received the TAG during this mornings NY Session.... Now lets Manage to get this to TP!! -Management500K
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Big Drop into 30M Demand... Lets get this to Demand to Fail and the push lower towards $80.00 Per Barrel.
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We pushed even further into to 30m Demand and I partial secured 2 contracts leaving 3 more to run to our intended target!
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I'm trailing my STOP CLOSER as price move deeper in our favor and I Partial Secured myself another contract, with the remaining 2 contracts running.... Lets get to $80.00 Per Barrel... #500K
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I trailed my Last Contract even Closer as price is just ranging back n forth now.... #500K
Trade closed manually
We didn't get all the way to TP however we still managed to PULL out +3R Portfolio gain on this SHORT....Gr8 Management HOUSE!!! #BHM500K
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