tntsunrise
Short

OIL look closely at 46.00

FX:USOIL   Crude Oil (WTI)
8342 69 134
46 is a imrpotant level

Sell the Pull Back

Remember we still have 51.50 short, 49.20 short
now is 45.50, i would like to open another short when price pull back near to 46
Comment: WATCH PRICE ACTION FIRST.
DON ENTER
Comment:
snapshot
Trade active
Comment: Nice, Now is 45.95
Any one trade this?
Comment: now is 44.95
another 100 pips
Comment: TAKER PROFIT AT 44.77
win 200 pips
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Watching. Thank you.
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could you explain me what do you mean - watch... ?
+3 Reply
haug01 PRO CezaryS
thtsunrise's original short was much higher. When you look at the longer term, USOIL had strong support at $46.00 and finally broke down below that. There is now upward resistance (short sellers) at 46.00. US markets may be surging up today and may bring USOIL along with it. Now use the 1-5 minute plots to make shorts with a tight stop loss say at 46.00 or 46.5.You can also watch for a new downtrend channel before shorting. I hope this helps.
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CezaryS haug01
it is helpfull, thanks. At 1-5 min charts looks like it is waiting for something, maybe Liuqi1987 has right, that for US market. And better is to wait some minutes yet.
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Hi SHORT
On a 60 min chart , upside momentum ( rate of change in price ) is fading , tough still has some left you can see the Stoch. getting to overbought territory , H. Ashi candles with smaller bodies are a sign of weakness , I would watch closely how this develops anyways I would not go short yet , Patience , here is the chart
https://www.tradingview.com/chart/5fkpxZ9L/
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FerminNunez FerminNunez
The H. ashi candle is red , first signal or reversal
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FerminNunez FerminNunez
Close to 61.8% Fib retr. still with upside momentum but fading , I think it will go down then will try again to reach 46.78 47 Fib 61.8 %
Looking for a short entry
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watch the price action at that level. use eye to watch
+1 Reply
FerminNunez tntsunrise
Following very close
on 2 hour TF Stochastics entering over bought territory , impulse still to the upside , went to 46.79 that's 61.8% Fib Retr.
waiting for an Up fractal to form that could be a top , patience required
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Nice plots. Very agree with you. However, the US stock market is at all time high. And for the sector ration to make the SPX stabilize above 2100-2120 region for 1-2 weeks to consolidate to move up more, the energy section should be up, so the oil will be manipulated to a higher area possibly.
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I was thinking it will stay above 46.00. Sold at 45.90 already 40 pips. Nice chart!
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Is it time to enter short?
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The target is actually $55. Shorting will crush you.
Will enter LONG USOIL at $44.48 (Great R/R ratio)
+2 Reply
Jack's idea is right
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null XiaoLi
Really? How much money did you lose?
+5 Reply
this is GOT OIL and this is not my message or chart...Disregard and reported
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Highly probable Top , I think it is a good short entry point ,
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People do not short 46.77
+1 Reply
FerminNunez fali4209
On 2 hr TF still waiting for an Up fractal , that will establish a top which could be @ 46.93 , in the short term the trend is still to the downside
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snapshot


Sell around 48,45
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XiaoLi ReneK
wrong chart
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ReneK XiaoLi
we will see
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ReneK XiaoLi
Do you still thinking that i have a wrong chart ??
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XiaoLi ReneK
I thought that was a wrong chart three days ago, and unfortunately I did not change my mind in the past three days.
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follow this short
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This time I'm longing, let's see what happens at 46.77
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I'm asking for the whole day....where are the volumes for this uptrend?
+1 Reply
Bottom was at 44.50.. I expect higher crude with a retest of 52.
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Following OIL
4 Hr TF Upside mom.fading Stoch in OBot territory
Up fractlal made @ 46.90 ,highly probable be the end of this correction also the point where to project the next leg down , most recent highest high @ 48.23 , most recent lowest low @ 44.40
46.90 - 3.83 = 43.07 still need confirmation

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Jack, could be considered an AB-CD move?
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claydoctor MiDiGre
bottom is 32-35 range, all about debt ratios euro bank test this week, news, ripple to over debt small oil USA, china oil slow down imports, supply stock high USA, etc. demand slowing, price continues descent to? .
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Yeh...thanks sir...
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yes i did and now moved my stop to BE
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in since 46,84 ... thanks a lot
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why does my wti chart not line up with your chart........ my brokers prices read 46.85??? strange??
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yes, I'm in short
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yes
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Yes, i shorted at 46.7. Wonder if tonight EIA report will have any effect
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from 46,6
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follow this short again! 1H?
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Hi, what is main target now?
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Textbook. Nicely played.
snapshot
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yeocs93 I_see_BTC
what is your TP?
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Unfortunately I'm not in it. Just impressed by how well it worked out
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See if this time go to 43 directly
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Do you expect the fall to continue..? I bought Petrobras puts yesterday..
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tntsunrise TOP IAmAgainst
yes. until 41 and 37
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avento tntsunrise
but for now you are waiting for another rebound ?
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I am still holding my short. take partial profit only
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mengqin tntsunrise
TP2=41?
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IAmAgainst tntsunrise
Great.. would be a way to make something out of this fall since I couldn't catch it with oil itself. I don't know how you are so alert on every pair..
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come on ppl....deserves more than 95 thumbs up
+1 Reply
I was in the trade.. Thanks so much..
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Great call. felt like we could ride it longer but cant get too greedy.
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Will it fall further than previous low?
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Good Job Jack
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alas !! missed it completely !
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Nice one i ve got 120 pips from this move ...... well done !!!!
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Went short just under 46.00. Happy with the result. Exited 45.30. Thanks.
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snapshot


Hi

Can you tell me how you knew it would fall past the 0.618 on my chart?

I have yesterdays rally as the start of a new up impulse. It's still valid until it retraces past 44.40. But I wasn't expecting it to go so deep.

What did you see to let you know it would be a deep fall like that?
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I am looking for oil to possibly hit the $40 mark then will decide which way it looks.
USOIL (WTI)
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Sorry the chart was from 5 days ago I should have pointed that out. I do have an update on the chart.
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Would you recommend reentering at ~46 again?
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I would wait , and see how Momentum ( Rate of change in price) does
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