Update for Oil, choosing direction

NYMEX:CL1!   Light Crude Oil Futures
1042 15 31
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
Trade active: $47holds, long from $47-47.2
Comment: In profit....
target to be advised!
Trade closed manually
Good job!
You can try Long @ fib 0.618 ... 0.764 retrace. SL @ the bottom. Good luck :)
Elliott wave sub 5 starts at 46.40 with target 50.50
Hi Faylee, it doesn't bother you that Yellen is speaking?
faylee DerekUweri71
Even Brexit couldn't change my plan. Trade your plan.
Hahaha, II like that.
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.
faylee DerekUweri71
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.
I suppose so.
Maybe I will adjust my trade plan, use a smaller size and see how it goes.
I agree..volatility doesnt matter!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out