3. • Crude Oil is in a bear market
• Short term volatility is contracted w.r.t
intermediate term lookback
• Momentum Indicators are neutral-positive
4. Intra Day Fundamentals
• The International Monetary Fund cut its global
growth forecast for 2015 to 3.5% from a previous
estimate of 3.8%, citing slowing economies in
China, Russia, the euro zone and Japan.
Meanwhile, official data released earlier showed
that China’s economy grew 7.4% in 2014 from a
year earlier, below the government's official
target of 7.5% and the slowest pace since 1990. It
expanded 7.7% in 2013.
10. Trade Review
• I did a good job of identifying order flow range
to scalp
• I should have held longer BUT considering I
had to attend a social gathering & I had to exit
thereby deviating from my plan
• I need to ensure I should NOT trade when I
have prior social engagements
• In terms of trade process I would rate this
trade a 6/10