"When you want to succeed as bad as you want to breathe, then you'll be successful. It's not about craving success like you crave food or water, it's about needing it like air. That urgency, that necessity—that's when you break through." -Eric Thomas
I consider this published narrative SHORT to be as HIGH probable as they come. Why? Due to the PA on the Daily TF... I have went into Gr8 detail here in the video as to why I'm SHORT Biased on this asset this week. Now of course this is all based upon probability!! IF PA can develop price building back into Daily Consolidation EQ Level ($74.75) / S&R Zone ($75.00 to $74.65) then i'll be compelled to go SHORT... My absolute STOP Level will be ($75.50) not willing to risk any higher... Remember our ultimate GOAL is to Master our SYSTEM over-time. We aim for 3-5 Possible HIGH PROBALE setups a week, nothing more than that!!! LESS IS MORE!! Less Trades-Massive Profits!!
1) I'll keep close update as PA develops and we have more data to work with.
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently. Let's Keep Steppn!!
Market Opened Up and Price dropped LOWER into the 4HR Demand ZONE... Lets see how Buyers react to these Levels... Our job is to adapt to what PA gives us! Lets not Marry a BIAS but adapt to what is and capitalize in the moment... #500K
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Major US HOLIDAY 2day 'Labor Day'... So I will not be taking any positions due to this reasoning... However we got the Major Push down in HTF 4Hr/Daily Demand Zones... Now we wait to see if we can get the push Higher into Major S&R Zone ($74.65)
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Pay Close attention to the way PA is setting up on Crude OIL.... Look at the 3 arrows that I have displayed here on the chart Major. 1HR High to the 1Hr Low & the 50% EQ lines up perfectly with our overall S&R ZONE... Lets stay on Point!!
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If buyers rally price up and above $73.10. I'm setting my LIMIT long targeting 15m Level of Supply above...
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This LONG doesn't make sense to me due to the fact that buyers didn't sweep price $73.10 and CPB Supply didn't fail it held... However this level of 15m Demand could hold and run to the upside its just not in my cup of tea to risk.... I'm going to pass! Still watching very closely for a set-UP
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