faylee
Long

Update for Oil

FX:USOIL   Crude Oil (WTI)
1039 20 37
My 1st buying entry at 39.5
2nd buying entry at 40.6
3rd buying entry at 41.3

TG1:$45.9-47
TG2:$49
TG3:$60+
Comment: I've pocketed some profts at 45
Comment: Now approching resistant MA250 in 4H chart
Comment: TG1 reached, pocket some profits and waiting for a retracement to buy
this time i got it.. keep my finger cross...
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faylee yewtay
Nice, don't forget to protect your profits
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Stop loss? You hedged these position?
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faylee DavidTan
I moved S/L to $42
+1 Reply
Faylee is usually right on the money.
+1 Reply
faylee liuzhiji8888
Thank you:)
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Nice Faylee!!
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Hi Faylee, also have another question for you. How do you determine it as a 5 waves up reversal, rather than a 3 waves up correction (i.e. big B wave)?
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faylee kw1846
In daily chart, it'd finished Fibo50% retracement and heading fibo target 1.618, about $67.
It's not only the correction
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kw1846 faylee
As I see the chart, Fibo 50% is at 45.43, which is also my flag target... Then it may stop and go down, or touch our agreed 45.9 target and go down as well... As it only passed 0.382 around 44, I was not able to see it that far... Hmm, is there any trick when using Fibo? Like if 50% passed, we could then determine it as a full reversal? Sorry, I am not good at Fibo retracement theory...
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Hi Faylee. Question from a learner, why are buying on 3 seperate occasions.? Rather than keeping to one buy. Thank you.
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faylee elbistan
hello, yeah, it'd be fine to keep one buy, it's depend on the strategy for your own risk and money management.
For A-B leg or Wave1-2, always retrace deeply.
+1 Reply
elbistan faylee
Thankyou.
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was too late :|
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Congratulation....
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Great job!
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its not abc , its 1,2,3 ... even your monthly chart counting is wrong aswell , you will be surprised when this thing goes to 90-100
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Cruddest Cruddest
monthly wave analysis
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That is some very nice and sharp trading. Congratulations~!~
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Hi FayLee, what do you think about oil for this moment? Can we go to 50 again?
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