For the benefit of new Night Owl™ subscribers, the following explains how Dynamic Targeting works following stop-out by using the Wednesday 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 40.975 following the elected Night Owl™ faded long Oct QM Price Array line at 40.250, the long CL/QM Price Array posted by me for this 9/3/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.
Unfaded 1st @ Line election – 41.575 at 18:01 -> targeted exit price at 42.375 faded Target C;
Faded 2nd @ Line election – 41.275 at 3:05 -> targeted exit price at 42.375 faded Target C;
Faded 1st stop-out election – 41.150 at 3:23 -> still long from election of faded 2nd @ line;
Faded 2nd stop-out election – 40.850 at 4:40 -> market troughed at 40.22 following stop-out;
Unfaded reentry line election (2 lines in front of trough) – 40.425 at 7:34 -> targeted exit price at 40.975 faded Target C (nearest Target C, based on election of faded Price Array line at 40.250);
Faded profit target attainment – 40.975 at 9:45.
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://aeromir.com/nostats
Enroll in Night Owl™ Crude Oil Advisory Service at the following link:
https://aeromir.com/nightowl
P.S. View day-by-day Night Owl™ accuracy at the following link:
Enroll in Night Owl™ Crude Oil Advisory Service at the following link:
DELIVERY PROFIT TARGET ATTAINMENT AND PRICE ARRAY DEACTIVATION:
With the attainment of faded Delivery Profit Target C at 40.975 following the elected Night Owl™ faded long Oct QM Price Array line at 40.250, the long CL/QM Price Array posted by me for this 9/3/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.
Unfaded 1st @ Line election – 41.575 at 18:01 -> targeted exit price at 42.375 faded Target C;
Faded 2nd @ Line election – 41.275 at 3:05 -> targeted exit price at 42.375 faded Target C;
Faded 1st stop-out election – 41.150 at 3:23 -> still long from election of faded 2nd @ line;
Faded 2nd stop-out election – 40.850 at 4:40 -> market troughed at 40.22 following stop-out;
Unfaded reentry line election (2 lines in front of trough) – 40.425 at 7:34 -> targeted exit price at 40.975 faded Target C (nearest Target C, based on election of faded Price Array line at 40.250);
Faded profit target attainment – 40.975 at 9:45.
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://aeromir.com/nostats
Enroll in Night Owl™ Crude Oil Advisory Service at the following link:
https://aeromir.com/nightowl
P.S. View day-by-day Night Owl™ accuracy at the following link:
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