Stopped at 50.20
And now the price is 51.66,
if there is no Stop loss to protect our account
we may suffer more.
Right now I am waiting oil to touch the 51.83-52.00
zone and looking for a short.
Use for a confirmation entry.
i.e. go to 5 min /15 min chart to check the price action.
if there is a or candle.
that will be ideal.
wait for the pull back to short
Weechat ID: 32114564
Really enjoy your trading suggestions and the explanations you provide - especially useful for someone still learning (coming from a more fundamental trading background).
Was wondering what your target area is for the current potential short? (the still waiting for 51.86 last post)
how do u trade for this opinion? do u want to buy now? then where is ur Stop? where is ur entry?
So don't just say: i see oil rally up to 60. did u trade it? or u just see it? we , traders, are not guessing the market. we simply trade the market.
I dun need to know what will happen to drive the oil price, but i do know how do i trade with my idea.