You are mentioning a weekly swing !!!... you shouldn't even tracking charts below Daily and from the sound of your comments you are looking at some micro TF intraday H1? (not sure if thats the one you are using) for entries (even worst) ... which is highlighting the real issue behind (inner demons): either you are over-leveraged (trying to pinpoint the perfect entry to avoid the pain of any drawdown) or you are afraid to miss the train (you are not confident of the consistency of your trading plan) ...
Whatever the case, try to find a balance until you develop enough consistency when swinging. By simple experience in these boards I would say cut your size/leverage by 75% of your current size and you will see how suddenly your confidence and analysis improve proportionally.
--> I bet you that if you take the exactly same trade you are talking about risking a 1/4 of the example -> $0.25 per tick (max risk $37.5 bucks for $127.5) you would not hesitate as much neither will be that interested in trading the perfect entry.
Sure you wont get rich trading such small size but the gains you will get in confidence and consistency in the long run will outweigh any potential short term gains on trading with a larger size.
Disliked....About oil: I'm sure many on the equity side are also tired of jumping every time it breaches the lows. I think if there are signs of good demand/growth data, from wherever at this stage, ....Ignored
Basically the bottom will be found between $20.40 and $17.20 which is the line when Russia will start collapsing but will be a good $10 below in average from all other non ARAB OPEC members. meaning they will get ride of 90% of the competition if the levels are sustain for another Quarter or so..
Here is the source for the data ....http://money.cnn.com/interactive/eco...arrel-of-oil/#
Interesting view and make a lot of sense ...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now