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faylee
Mar 14, 2017 11:43 AM

Middle term long oil Long

WTI CRUDE OILTVC

Description

Entry: $48-$48.65
SL: 46.8
TP:$53,$56,$58

Comment

sooner or later,my first entry a little bit early, and.i added at47.4

Comment

It is retesting the previous bottom, price still be holded in the up going channel bottom, or, if it fell to $46, still in the wedge, I will considered of adding longs in that case $46

Trade active

i longed oil again from47.5

Comment

oil looks fine:)

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It's a long long time trade,
watch resistance $50.7, $52.5,$55. Once broke $52.5, $55 won't be too difficult to break.

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now as i mentioned in last update,50.7has some resistance,but it still possible to break out, let's watch NY session.next is $51.5

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it's still bullish, going to test 51.5now, heading our first tp 53

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Let's take a look at our baby Oil,little bull is moving towards $52.5

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Already broke $52.5, approaching our first TP:$53.
Come on~~ go, go, go!

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Weekly chart looks more room.

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the hi for today is $52.9, already more than 400pips, I usually took profits when above 400pips for oil. $53 has some resistance, and suggest those positions cost more than $48.5 take profits first. while i will still hold the postions costing at $47-47.5.

Comment

it's hit TP1
500pips in pocket already.
wait for a retracement to add more buys.
Rome wasn't built in a day.patience is the key,1000+pips won't be a dream.
In general view, the strategy for oil more than one time gave 1000+pips.

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still holding longs from$47.5, if it can't give a chance to add more longs, i will holding it till the final tg. imo, not prefer to scalp for 100-200pips in trending.

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Now it is approaching my tg:$51.17, but need to wait for the available signals.

Trade active

I added longs at $50.83, watch $51.5- $52 level

Trade active

Added long from $49.35.

Comment

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Weekly chart see a Cup of tee, enjoy happy hour;)

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sorry, typing mistake, should be "Tea"

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Added from $48.56 and still holding.

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Added $47.39, if broke $47, will turn to bear
Comments
sniperking
hey, how do you add more charts to update your idea?
kenanseha
USOIL LONGGG//// USD/CAD SHORT :)
faylee
@kenanseha, yes, i shorted USDCAD meantime, from 1.34901 again
kenanseha
@faylee,
I follow you shortly 1,3480 and 1,3960

Thank you
faylee
@kenanseha, I stay away from USDCAD shorts, but still holding long for oil. Take care
john_silver
congratulations!
laksili1
fantastic
rere04
might see panic if that trend line breaks.
SharkbaitAl
Hey faylee -- it seems like this might turn out to be an excellent call and I am with you on this. Thanks for sharing, and good luck to us!
tradingpro
You got to be kidding.. long oil ??
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