Crude Oil Scalp

I went for a scalp trade today, going long Crude Oil when it went back up the pivot line. I got a price of 98.60 which wasn’t a bad entry.  I thought that the first resistance would be around 99.00 due to it being a round number and also, just previously you can see how it affected the price.

I got out at 99.97 taking 37 points and felt rather proud of myself as it started to retrace. However, it hit the pivot line again and bounced upwards. It actually hit 100.00 which would have been another 100 points!

I feel that I always leave a bit too much on the table with my trades.

Did you like this? Share it:


Category: Trading