michael6malone
Short

I am going short to 41.41 with a stop at 45.41.

FX_IDC:USDWTI   WTI CRUDE OIL / US DOLLAR
15 0 1
2016Sep20 I am going short to 41.41 with a stop at 45.41.

The price has retraced to the 38.20% fib level.

The distance from the bottom of the current retracement (42.77) to the top of the most recent retracement (46.49) is 3.72. Assuming the distance to the bottom of the next retracement from the top of current retracement ( 44             .36) is also about 3.72 we come up with a target of 40.64.

I am remaining conservative, so I have placed my target at 41.41.

Since oil             is extremely volatile I will be zeroing out my stop once I am ahead by 15 pips,
Comment: Well so far so good. I have moved my stop up so I will make a profit regardless of where oil goes.
Comment: Stop hit. But at least you would have made a profit by moving your stop.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out