Sold my NOV this morning at $55.42. I know I mentioned yesterday I bought it as a swing trade, but I don't think I have the swing trade mentality in this sort of market. So, I took the money and ran.
I bought USO this morning at $75.20, will give holding considerations day-to-day (but it looks good from here). Also made a scalp trade long in NOV this afternoon for a small gain.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.