4.28.23 I think oil Is going higher and that you could enter the market with a small stop... the video gives more detail. Tesla Completed A gartly pattern and an ABCD pattern.... it actually opened at the low yesterday and then proceeded to move higher. Obviously in retrospect that should have been a two bar reversal and a long trade at the low. You might wait for a small correction lower and then consider a long trade thinking that the Market's not going to make a new low but it'll trade lower to your stop Reducing your risk. I didn't really go into much detail in the video about that. the commodity that I want to focus on Is coffee.... it is a great exercise in actively Observing the market to determine where buyers and sellers are likely to be.... with a market that offers significant profits to buyers and sellers because it has enough volatility and price action for both sides of the market. I am sure for the first 30 years that I fought this kind of price action because I didn't want to factor in the Sellers when I wanted to be long because it was a threat to my trade. And of course it works the other way if I'm a seller. That Is the Trader's problem...It's about Dysfunctional thinking on the part of the trader. Do you want to drive safely, you want to look left and right. If you want to trade safely, you want to look up and down. (and Left and right).
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