Oil Short - BDE Trade
BDE stands for Big Drop in Energy.
We’ve fallen below the battleground level of 95, went all the way down to 87, and now we’re retesting 95 from below at a confluence of the 200-day ska (red), 20-day ska (white), and a trend channel going back to early June. Going short here entails weekend risk since this is the Friday session, hence the need for BDE. I shorted 3 micros earlier today at 94.77 when I noticed the moving average confluence in passing and am further analyzing the trade now in the evening. I have a stop at 95.20 and will decide whether or not to hold for the weekend before tomorrow’s close if I don’t get stopped out. I have a buy order in at 85.50 to close the trade. Oil price is at 93.90 as of this writing and it is 8:50pm NY time.
We’ve fallen below the battleground level of 95, went all the way down to 87, and now we’re retesting 95 from below at a confluence of the 200-day ska (red), 20-day ska (white), and a trend channel going back to early June. Going short here entails weekend risk since this is the Friday session, hence the need for BDE. I shorted 3 micros earlier today at 94.77 when I noticed the moving average confluence in passing and am further analyzing the trade now in the evening. I have a stop at 95.20 and will decide whether or not to hold for the weekend before tomorrow’s close if I don’t get stopped out. I have a buy order in at 85.50 to close the trade. Oil price is at 93.90 as of this writing and it is 8:50pm NY time.
注释
typo correction:ska = sma
交易开始
Holding 3 micros short over weekend, market close price = 92.09.交易手动结束
Closed at 87.73 after coming within .25% of target yesterday and waiting for it to be hit, just tired of this trade, market noisy with Fed minutes and opex today. gain = 94.77 - 87.73 = 7.047.04 * 300 = 2112
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