Night Owl™ Crude Oil Profit Attainment - 7/17 Session

Night Owl

Moderator
Staff member
For the benefit of new Night Owl™ subscribers, the following explains how Dynamic Targeting works by using the Thursday evening recommended Crude Oil post:

DELIVERY PROFIT TARGET ATTAINMENT AND PRICE ARRAY DEACTIVATION:

With the attainment of faded Delivery Profit Target C at 40.250 following the elected Night Owl™ faded short Sep QM price array ~ line at 40.700, the short CL/QM price array posted by me for this 7/17/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.

We didn’t get the degree of upward retracement we had expected before Sep CL/QM moved in the Night Owl™ predicted short-side direction. Therefore, I hope you used entry at the ~ line, so you could book some profit. That is why it is there.

Unfaded ~ line election on a stop – 40.700 at 3:09 -> targeted exit price at 40.250 faded Target C (best faded line to have elected at the time of ~ election was 40.975 -> targeted exit price at 40.250 faded Target C);

Faded profit target attainment – 40.250 at 10:26.

Night Owl™ traders should cancel any working array line limit orders in Sep CL or Sep 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://1drv.ms/x/s!Al-ChZGwJcUmkOtd3CnO_LLDRzmCig?e=m75NII
 
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