faylee
Long

Update for Oil, choosing direction

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
1042 15 28
7 months ago
Oil             has broken out the down channel , it's possibly to go north
But it'd be better watch for the retracement today.
If drop under 46.4, may fall to 45.4-45.5
If break out 47.6, will continue to go north
7 months ago
Trade active: $47holds, long from $47-47.2
7 months ago
Comment: In profit....
target to be advised!
7 months ago
Trade closed manually
MertErten
7 months ago
we will see longer candlesticks (bigger ADR) + more price volatility.
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faylee MertErten
7 months ago
nice, i love big volatility
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javed112 faylee
7 months ago
Good analysis
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javed112
7 months ago
Nice
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EYEO
7 months ago
Thanks, i too some myself once you texted me.
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DerekUweri71
7 months ago
Hi Faylee, it doesn't bother you that Yellen is speaking?
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faylee DerekUweri71
7 months ago
Even Brexit couldn't change my plan. Trade your plan.
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DerekUweri71 faylee
7 months ago
Hahaha, II like that.
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DerekUweri71 faylee
7 months ago
My Trade Plan is to stay out of news events but Plans can be revised. I forgo a lot of good set-ups prior to news events and end up missing out on good trades. However, there are occasions where staying out has prevented losses. Its a bit of a dilemma.
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faylee DerekUweri71
7 months ago
Yes, in general speaking it's, but we never could stay out from the risk of loss once we have position in hand.
So, from this point of view, there's no much difference.
What makes us into a greater risk is that we do not have enough preparation and planning ahead.
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DerekUweri71 faylee
7 months ago
I suppose so.
Maybe I will adjust my trade plan, use a smaller size and see how it goes.
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MarcusTrader7 faylee
7 months ago
I agree..volatility doesnt matter!
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MarcusTrader7
7 months ago
Elliott wave sub 5 starts at 46.40 with target 50.50
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Like2Move
7 months ago
You can try Long @ fib 0.618 ... 0.764 retrace. SL @ the bottom. Good luck :)
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UNOwen
7 months ago
Good job!
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