Rather than looking short you could consider looking for a long when the pair corrects the current cycle from ~55 (looking for 50/63 fibs)
Buy and hold for a target of 100 (equal legs extension of the move to 85 in Dec 14)
Killy_Mel
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sorry frnd, I am not using fibs - static indicators are a thing of the past...
the pair did correct but did not tag the mean I was targeting, although the stop is not reached yet.
100 is unrealistic unless WTI oil falls to 30
nbn007
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well obviously... this short idea isn't good one. Trend is my friend!
Killy_Mel
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trade was not stopped out tho yet)
trend is there on larger scale, this is a micro pullback idea - which is overdue I think
Buy and hold for a target of 100 (equal legs extension of the move to 85 in Dec 14)