Night Owl™ Crude Oil Profit Attainment - 8/4 Session

Night Owl

Moderator
Staff member
For the benefit of new Night Owl™ subscribers, and for those others who chose to remain in the Night Owl™ short Sep CL trade following faded Target B election at 4:08, the following explains how Dynamic Targeting works by using the Monday 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 40.975, the short CL/QM price array posted by me for this 8/4/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.

Faded @ line election – 40.975 at 2:56 -> targeted exit price at 40.250 faded Target C;

Faded profit target attainment – 40.250 at 6:17.

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.

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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