MaryJane
Short

Oil reached next action point - good for a shortscalp?

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
1583 30 53
3 months ago
Countertrades are not my style...but for those who love the risk - here a short-idea.
We have actually reached the falling trendline. Trading below that line is bearish furthermore....
RSI is very oversold - shorts have a very nice CRR!
BBs are stressed out
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3 months ago
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3 months ago
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3 months ago
Comment: reached ema...this was a nice scalp -don`t Forget to adjust your stopp or Close t (a part) of the short
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3 months ago
Comment: example for sl-trailing
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3 months ago
Comment:
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3 months ago
Comment: reached next action point..trading below that Level could initiate the next sell-wave down to my thought tp
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3 months ago
Comment: Reached TP! Cheers!
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3 months ago
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3 months ago
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3 months ago
Comment: next downwave ahead?
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3 months ago
Comment: Reached next Action Point!
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3 months ago
Comment: is the 0,5 fibo the object of desire today or the 62,8????
3 months ago
Comment: reached fibo 0,5!!! wow - i didn`t exspected that we will dip soo deep...
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3 months ago
Trade closed: target reached: 0,5 reached -i "Close" mthis Position (thread) Cheers - i hope my "lesson" was useful for the one or other -if you l.ike it -pls like it :-) Regards Mary
3 months ago
Comment: Perhaps you could switch the Position with a very narrow sl below todays low....tp= 38,2 as illustrated
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3 months ago
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3 months ago
Comment: trendbreak
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3 months ago
Comment: trading below the illustrated 38,2 is still bearish imo
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3 months ago
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3 months ago
Comment: :-) tp reached again
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3 months ago
Comment: tactical sl adjusatment for those who made a longer Position than a scalp ! Beware of the possible H&S as a Turnaround-possibility
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3 months ago
Comment: for those who believe ion the short-possibility
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3 months ago
Comment: Trading above the right shoulder respective the head is bullish
ArtFly
3 months ago
What would be TP in this short?
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MaryJane ArtFly
3 months ago
ideally the 38,2 @ 45.1 - but i don`t believe we are dippin so deep
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ArtFly MaryJane
3 months ago
Thank you. I do not like such short trades too...
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MaryJane ArtFly
3 months ago
normally i am a pure pro- cyclical bo-trader
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Viking83 PRO
3 months ago
Thanks! You think breaking out above that trendline would break the downtrend and continue its upmove and hence the "double bottom" theory is in play?
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MaryJane Viking83
3 months ago
Hi Viking83 - yes indeed....pls have a look at my main view..here you can see my longterm pattern https://www.tradingview.com/chart/CL1%21/Jjjwoqc5-Can-this-be-true-Dez-2016-75/
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Viking83 PRO MaryJane
3 months ago
Thanks! I act a bit cautious just in case it want to have a move C down :)
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GrittyInvestor
3 months ago
Important Week for Oil Future
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MaryJane GrittyInvestor
3 months ago
jepp..this is corresponding to my main view.. https://www.tradingview.com/chart/CL1%21/Jjjwoqc5-Can-this-be-true-Dez-2016-75/
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michisuperfreak
3 months ago
Very nice...Just missed it :D Grüße :)
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TAJIR_B
3 months ago
do u liquidate your position on tp or you let it to mkt by the trailing stop ?
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MaryJane TAJIR_B
3 months ago
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MaryJane TAJIR_B
3 months ago
Hello TAJIR_B - i don`t have any Position - i am flat. If i would have this short open, i would trail my stop very narrow when reaching the tp... Greez Mary
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TAJIR_B MaryJane
3 months ago
thanks, it was a general question about exiting a trade when your in profit
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MaryJane TAJIR_B
3 months ago
Ok, generally i do exactly that! After opening a Position, i try to trail my stop very fast to entry, so that the Position is without any risk. Afterwards i try to trail the Position ( like that: 1-2-3 - pls have a look at:
Introduction into 1-2-3 Trading Pattern
) When we reach the tp i tend to half the Position and trail further
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TAJIR_B MaryJane
3 months ago
thanks
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piptamil
3 months ago
Thanks Mary your charts are too educative for traders.
Im IN long at 45.80, didnt take this short trade.
what is your thoughts about oil in long term??
Your main chart shows bullish)
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MaryJane piptamil
3 months ago
Hi piptamil..thx a lot, i am very happy when People can learn somthing from my views and illustrated example-trades. Yes, my opinion is still the same like my longtermanalysis
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piptamil MaryJane
3 months ago
Ok understood.
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michisuperfreak
3 months ago
Awesome job, thank you very much!
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Viking83 PRO
3 months ago
You're talented! Good one.
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tbuckle PRO
3 months ago
Do you believe it is a good long now to go back up towards 46 and above, now that it fell back down to 44.76 and has bounced?
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MaryJane tbuckle
3 months ago
that also would be an anticyclical entry - i try avoiding those entries....(never catch a falling kniife" ...and it depends on the tf/horizon you wanna make a trade
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carlosdavilamal
3 months ago
u are so good, i miss ur analysis but was amazing
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tbuckle PRO
3 months ago
Thanks for the charts. However just FYI the color scheme you use for your charts tents to be a bit confusing and dizzying. Green lines, green boxes, green candles. Just FYI, I've had a lot of other say the same to me.
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-Andrew- PRO
3 months ago
Wonderful
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AliQaiser
3 months ago
I HAVE BUY THE USOIL AT 44.28 BEFORE 6 HOURS ... WILL IT GO TO 46 SOMETHING ... NEED HELP IN TROUBLE THANKYOU
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MaryJane AliQaiser
3 months ago
here are the trading marks....the market will decide where to go -as always :( whats your time-horizon of the trade? Where is your sl? what was your strategy/thoughts when you entered the posisiton? where is yout TP?
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AliQaiser MaryJane
3 months ago
THERE IS NO TP SHOULD I EXIT WITH -50??? OR W8 AND ITS ITS 45.28 NOT 44.28
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MaryJane AliQaiser
3 months ago
i can`t help you if i don`t know your full Setup....pls answer the rest of my questions?
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