Please see the previous game plan articles:
August 25, Sept 1, Sept 8, Sept 23, Sept 30, Oct 12
Every morning, I look in the mirror and remind myself that the market will always be smarter than me. We rarely get an opportunity so disconnected from reality that we can profit from it.
For anyone attuned to the price action in oil, the trading over the past week has been nothing but amazing to watch. Every day after the CME closed, oil would grind lower, usually 1-2%, and then finish the next day in the green.
I haven’t seen price action this bullish in all my years following oil. I am sure other veteran traders can tell you the same, and it speaks volumes about how tight the setup is going forward.
Now there are a few reasons why I’m writing another game plan article just a week after the last one.
I put on new “not trade alerts” trades (personal portfolio).
My strategy is shifting slightly with new signals to watch for.