9/12: Profitable 123 Reversal Trade on Oil (Demo/Paper Trade)

I continued my studies and strategy development today.  Hopefully will have a strategy ready to test soon.  It is going to be based on things I have done recently and/or in other phases of my “trading career”, such as the FX swing trades from 2011.  I am keeping a positive mental state so far.  Keep going George!!

I did take a paper-trade today.  This means I didn’t actually put on a trade in a demo or live account, but I did open, close and manage the stop in real time.  I will post the chart here since it looks nice and profitable – this one was on Oil once more.  Oil continues to be trending down on the 1H timeframe, thus I am looking for bearish setups.  A bearish 123 pattern occurred late this morning.

This was really the only trade that I considered today – nothing else set up on Cable or DAX.

Oil Dec9

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