Crude Oil is the main focus going into 3rd May. There is some interesting structure at play in this market, as outlined on the chart.
One of the most interesting charts out there at the minute – Dax is below a big area on the hourly chart. A good play would be to look for longs at the 12480 area in preparation for a probe of 12650 liquidity.
If the lower level isn’t tagged before we take the highs, it will be worth looking for longs off of 12650 as we explore to new areas of value. I will only be looking for longs there if we accept above – meaning we spend time above there and don’t immediately fall back into the range.
Missing trades manifests in numerous ways. Multiple causes lead to missed trades. Once past this hurdle, we can begin to increase profits and the efficacy of our trading.
A very common question I’m asked is: ‘What are your favourite trading books and resources to learn?’. I’m going to reveal my top 7 trading resources.