Good afternoon traders,
I thought it would be beneficial to you all to showcase my reasonings behind going long on USOIL in full - this video illustrates my logic behind targets as well as subjective stop levels based on intraday liquidity.
Hopefully you can see how essential it is to not just work off of one singular chart - USE the higher timeframes to your advantage when going long/short on intraday levels - without a backbone, you are simply shooting at an invisible target.
Having logical targets rather than aspirational ones will improve your success rate rapidly.
I hope this has been of value to you all!
Best wishes,
Jake
I thought it would be beneficial to you all to showcase my reasonings behind going long on USOIL in full - this video illustrates my logic behind targets as well as subjective stop levels based on intraday liquidity.
Hopefully you can see how essential it is to not just work off of one singular chart - USE the higher timeframes to your advantage when going long/short on intraday levels - without a backbone, you are simply shooting at an invisible target.
Having logical targets rather than aspirational ones will improve your success rate rapidly.
I hope this has been of value to you all!
Best wishes,
Jake