Sunday, July 5, 2015

Another Crude, Trending Day


This could be the return of the larger downward trend from a few months back but we shall see as time progresses. All we do is take each day at a time and follow the signals. As for this past Friday, the only sell signal we took was when we saw the close of the first red bar, as it fell well below the longer term larger red dots. This means the short term matches with the longer term and gives further evidence that we may be right in assuming price will move lower from there. Remember, we never know where exactly price action will go but it is our job to take each valid trade knowing some will work out and some won't. What the market gives us is what she gives. Today, it turns out our account saw more additional gains. We exited around 12:59 pm EST as the American markets closes @ 1:00pm EST due to the 4th of July weekend in the U.S.

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