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Night Owl

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Staff member
To further illustrate the Night Owl™ concept of Dynamic Targeting, as I discussed extensively in the September 9 Round Table discussion at Aeromir, the following explains how Dynamic Targeting works by using the Monday evening recommended Crude Oil post. Please note that by Night Owl™ rule, Delivery Price always occurs at faded Target C:


DELIVERY PROFIT TARGET ATTAINMENT AND PRICE ARRAY DEACTIVATION:

With the attainment of faded Delivery Profit Target C at 38.150 following the elected Night Owl™ faded long Nov QM Price Array line at 37.450, the long CL/QM Price Array posted by me for this 9/15/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.

Faded @ Line election – 37.53 at 20:21 -> targeted exit price at 38.27 faded Target C;

Secondary line election – 37.45 at 20:33 -> targeted exit price at 38.15 faded Target C;

Profit target attainment – 38.15 at 5:23.

As I have encouraged previously, you also might consider adding to your position at the ~ Line as part of your nightly trading routine and then trail a stop on those extra contracts. If you’ve considered doing this, I suggest adding about 1/3 of whatever your normal entry lottage is.

Night Owl™ traders should cancel any working array line limit orders in Nov CL or Nov QM and remain flat until my next posting, unless you're trailing your open position with a trailing stop order.

With kind regards,
For Markusha Oil & Trading Company, LLC

Mark Ansel
Developer of the Night Owl™ Trading Model

P.S. View day-by-day Night Owl™ accuracy at the following link:

https://aeromir.com/nostats

Enroll in Night Owl™ Crude Oil Advisory Service at the following link:

https://aeromir.com/nightowl
 
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