We took the Heating Oil trade but jumped to the December expiration before taking the trade idea from our posting from earlier this morning. It was a high-probatility trade idea as we do customarily for energy instruments, we allow the price action to move past the Suggested Entryto the Stopat least once before taking the long trade suggestion. The same rules would be true for short except your are waiting for a stop that is higher than the Suggested Entry. Well, for what it is worth, here is how we traded it. We jumped to the price action corresponding to the entry on the December contracts, as a safety measure (as the November contracts roll here relatively soon later this month to the front-month). We traded 5 contracts taking the long entry after the bottoming out pattern and after the price tags the Stop. Here is the trade execution summary from the Thinkorswim platform:
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