alleytrader

oil, cl, day trading for Sep 4th

alleytrader Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
the move up has now stretch with low participation and probably could see a retracement before the up move continues. Will be watch the big red zone for consolidation trading, and will stick with that plan until a confirmed break out of this boundary. If a break out happens will then look for the upper or lower targets.
Trade active:
as oil broke the red top it gave me a not perfect but a long trigger entry at 55.85, and I now have the stop at b/e will see what happens
Trade active:
trailing stop to keep 10 ticks, and give it room to work a bit more
Trade active:
stop on 20 tick now
Trade active:
40 ticks now

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.