205 - Game Plan for Oct 31, 2017 - Looking for Yesterday's Lows & Highs to Trade
Channel: Crude Oil Trading Journal
Date: 2017-10-31

* Not very much to say this morning as we haven’t really moved in Asian and European trading sessions
    * We haven’t made new highs over $54.45
    * We haven’t made new lows below $53.75
* If we continue to climb, I’m looking for around yesterday’s highs to add to my shorts ($54.45+)
* If we do finally descend, then it depends on how low we go
    * If we open near yesterday’s lows, I’ll start with a small long buy as a hedge ($53.75)
    * If we go lower, I’ll be looking to exit one or more shorts depending on how low we go
* If we get to $53 or lower, I’ll exit more shorts and buy more long

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