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Lesson Learned: Not respecting the weekly range on Crude
One recurring mistake I had to really drum out of my system in crude oil was trying to pick tops or bottoms within a well-defined weekly range, particularly when trying to fade the extremes. It usually meant getting chopped up multiple times before the turn, if it even happened within my patience limits. Now, I try to respect those weekly boundaries more and wait for clearer signs of rejection or a breakout before taking a swing.
2 comments · 1 points
Completely agree. Trying to fade extremes without clear rejections is often a recipe for chop. Do you find you're more profitable waiting for confirmed breaks or strong rejections at those weekly boundaries now?