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The_Cannalyst
Sep 5, 2016 9:09 AM

Oil reached next action point - good for a shortscalp? Short

Crude Oil FuturesNYMEX

Description

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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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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example for sl-trailing

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reached next action point..trading below that Level could initiate the next sell-wave down to my thought tp

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Reached TP! Cheers!

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next downwave ahead?

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Reached next Action Point!

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is the 0,5 fibo the object of desire today or the 62,8????

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reached fibo 0,5!!! wow - i didn`t exspected that we will dip soo deep...

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

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Perhaps you could switch the Position with a very narrow sl below todays low....tp= 38,2 as illustrated

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trendbreak

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trading below the illustrated 38,2 is still bearish imo

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:-) tp reached again

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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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for those who believe ion the short-possibility

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Trading above the right shoulder respective the head is bullish
Comments
AliQaiser
I HAVE BUY THE USOIL AT 44.28 BEFORE 6 HOURS ... WILL IT GO TO 46 SOMETHING ... NEED HELP IN TROUBLE THANKYOU
The_Cannalyst
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?
AliQaiser
THERE IS NO TP SHOULD I EXIT WITH -50??? OR W8 AND ITS ITS 45.28 NOT 44.28
The_Cannalyst
i can`t help you if i don`t know your full Setup....pls answer the rest of my questions?
-Andrew-
Wonderful
tbuckle
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.
carlosdavilamal
u are so good, i miss ur analysis but was amazing
tbuckle
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?
The_Cannalyst
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
UnknownUnicorn540299
You're talented! Good one.
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