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Looks like Oil Can Boyd, threw me a curve when I was looking for a fast ball.
This morning I entered a USO Short, for 2 reason. I saw a double top on CL( Oil Futures) and it looked like the EUR was going to bounce. Combined with my prediction on USO, I thought this would be a good entry. So far it hasn't worked. I still think the bear flag plays, until that down trendline is broken. I took a much smaller position, so my loses are not hurting me. Ideally I should've waited at least to the open and for the inventories report to come out, even better for the bear flag to break. I was a premature trader on this trade, more then likely I am to early for this trade and will be taking a lose.
I am was stopped out of my SSO today but re-entered because a little birdy told me too. I also hedged myself by selling an SKF call earlier in the day, which has done well so far.
