Crude Oil

Tuesday 29 July 2014

Stopped out of the half-position at price, 100.63

29 July – Buy 101.51|
29 July – Sell 100.63

Loss = 88 tics, $880 plus $15 commission per contract.

Deja vu.  Back on the 14th, we bought into an oversold
condition only to be stopped out next day when price
became more oversold prior to a 300 tic rally.  Here, we
are stopped out near the low of the current correction.
Timing is everything.

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