NYMEX:CL1!   Light Crude Oil Futures
I take a look on 47 level... because the rail long could be very important. At this price I open long, we are talking about test of 48$ or 48.53. If broken the rail become strong long...
Comment: Long opened. Now I try to cover in area 48/48.20, if trend is strong we can test 48.53 too.
Comment: Of course if price go down under 47 I close all and open short.
Comment: Long closed. Now I'm Short.
Comment: But support seem strong... I looking if is trap...
Comment: Ok 123 low seem failed now take look on 46.64.
Comment: 46.64 is the last chance for long... under this price short is confirmed.
1 2 3 Low confirmation should be over 48.10, is it right? Unless you want to use the trader's trick.
What do you think? Is it right?
Yes exactly , but traders trick is more safe because 123 low can fail at 48.10 and we can exit before crash...
MDS Billy-Ray-Valentine-ITA
Well, almost one thing I've understood. And you suggested me Ross.
Billy I'm studing, and you know.
Ichimoku h1 says it's short. Ichimoku h5 and D it's not so clear for long.... but don't trust me please, I could be wrong
We can do only hypothesis and try to follow the trend... so the covering technique can saving our operation. For me over 47.50 is long signal to try 48.
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