Fomenka

My best count of what is happening in USOIL today

Long
Fomenka Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
I was stopped out today on all of my long positions because I once again tried t pyramid the position based on smaller timeframe wave count. Ok, let's create a hard rule. It's ok to trade on different timeframes, but SL for a trade on a higher TF should not be affected by what's happening on lower timeframes. Let's call it TRADES ON SEPARATE TF STAY SEPARATE.

This chart is too uncertain to trade. Keep watching.

One thing I am grateful today for - I recognised the moment I slipped in overtrading and shut it down.
Comment:
Comment:
ok, it looks messy but you got the point
Comment:
a better one with parallel channel

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