NYMEX:CL1!   Light Crude Oil Futures
76 5 5
If it hits 47.90
Comment: Lowered stop loss to 48.18
Comment: If I get stopped at 48.18, will consider it a bear trap and plan to enter long at 48.21 targeting 49.40
Being flexible in trading is a key to success.
Trade closed: target reached
What is the reasoning for the short?
Reply
@tbuckle, At 47.90 it makes lower high and lower low. Macd pointing down below the slow line and the squeeze indicator in red. If it doesn't make the move to 47.90 soon the call is invalidated
Reply
Seems like playing with fire ahead of OPEC,but who knows. : ) thanks.
Reply
@tbuckle, This is only supposed to be a small correction. I have a tight stop loss in place at the moment.
Reply
tbuckle PRO ControlPanel
@ControlPanel, Great trading.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out