For the benefit of new Night Owl™ subscribers, and for those others who chose to remain in the Night Owl™ short Oct CL trade following faded Target B election at 6:56, 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 42.05 following the elected Night Owl™ faded short Oct QM price array line at 42.800, the short CL/QM price array posted by me for this 8/14/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.
Faded @ line election – 42.700 at 19:34 -> targeted exit price at 41.925 faded Target C;
Faded secondary line election – 42.800 at 19:51 -> targeted exit price at 42.050 faded Target C;
Faded profit target attainment – 42.050 at 13:51.
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 Oct CL or Oct 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
Enroll in Night Owl™ Crude Oil Advisory Service at the following link:
https://aeromir.com/nightowl
DELIVERY PROFIT TARGET ATTAINMENT AND PRICE ARRAY DEACTIVATION:
With the attainment of faded Delivery Profit Target C at 42.05 following the elected Night Owl™ faded short Oct QM price array line at 42.800, the short CL/QM price array posted by me for this 8/14/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.
Faded @ line election – 42.700 at 19:34 -> targeted exit price at 41.925 faded Target C;
Faded secondary line election – 42.800 at 19:51 -> targeted exit price at 42.050 faded Target C;
Faded profit target attainment – 42.050 at 13:51.
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 Oct CL or Oct 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
Enroll in Night Owl™ Crude Oil Advisory Service at the following link:
https://aeromir.com/nightowl
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