MaryJane
Short

Oil reached next action point - good for a shortscalp?

NYMEX:CL1!   Light Crude Oil Futures
1590 30 53
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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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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Comment: example for sl-trailing
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Comment: reached next action point..trading below that Level could initiate the next sell-wave down to my thought tp
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Comment: Reached TP! Cheers!
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Comment: next downwave ahead?
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Comment: Reached next Action Point!
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Comment: is the 0,5 fibo the object of desire today or the 62,8????
Comment: reached fibo 0,5!!! wow - i didn`t exspected that we will dip soo deep...
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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
Comment: Perhaps you could switch the Position with a very narrow sl below todays low....tp= 38,2 as illustrated
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Comment: trendbreak
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Comment: trading below the illustrated 38,2 is still bearish imo
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Comment: :-) tp reached again
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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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Comment: for those who believe ion the short-possibility
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Comment: Trading above the right shoulder respective the head is bullish
What would be TP in this short?
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MaryJane ArtFly
ideally the 38,2 @ 45.1 - but i don`t believe we are dippin so deep
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ArtFly MaryJane
Thank you. I do not like such short trades too...
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MaryJane ArtFly
normally i am a pure pro- cyclical bo-trader
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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
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%2521/Jjjwoqc5-Can-this-be-true-Dez-2016-75/
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Thanks! I act a bit cautious just in case it want to have a move C down :)
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MaryJane GrittyInvestor
jepp..this is corresponding to my main view.. https://www.tradingview.com/chart/CL1%2521/Jjjwoqc5-Can-this-be-true-Dez-2016-75/
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Very nice...Just missed it :D Grüße :)
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do u liquidate your position on tp or you let it to mkt by the trailing stop ?
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MaryJane TAJIR_B
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MaryJane TAJIR_B
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
thanks, it was a general question about exiting a trade when your in profit
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MaryJane TAJIR_B
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
thanks
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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
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
Ok understood.
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Awesome job, thank you very much!
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You're talented! Good one.
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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
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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u are so good, i miss ur analysis but was amazing
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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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Wonderful
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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
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
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
i can`t help you if i don`t know your full Setup....pls answer the rest of my questions?
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