Night Owl™ Crude Oil Profit Attainment - 7/24 Session

Night Owl

Moderator
Staff member
DELIVERY PROFIT TARGET ATTAINMENT AND PRICE ARRAY DEACTIVATION:

With the attainment of faded Delivery Profit Target C at 41.500 following the elected Night Owl™ faded long Sep QM price array line at 40.775, the long CL/QM price array posted by me for this 7/24/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.

Unfaded @ line election – 40.975 at 19:38 -> targeted exit price at 41.700 faded Target C;

Secondary line election – 40.875 at 3:04 -> targeted exit price at 41.625 faded Target C;

Secondary line election – 40.775 at 3:10 -> targeted exit price at 41.500 faded Target C;

Profit target attainment – 41.500 at 5:32.

As I have encouraged many times, 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.

Also consider taking an entry at the stop-loss line or the line in front of the stop-loss line. Doing so will improve your average entry price and increase your reward-to-risk ratio.

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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