Technician
Short

Shorting Oil as Copper Breaks Support

FX:USOIL   Crude Oil (WTI)
275 9 2
Update: stopped out
Profit(pips)=-150x2=- 300.
Accumulated profit(pips) = +2452

In my previous post (https://www.tradingview.com/v/oUqeWN0O/), i was waiting for a confirmation to short oil             as copper             has lead oil             lower. I am looking for leg lower in oil             price.

Trade number: 68
Accumulated profit/loss (pips) = 2472

Pre-trade stats:
Winners: 34 Losers: 22 Cancelled: 10
Profit/loss (in pips) = 2472
Open trades: 1 Pending trades: 1
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
My trading ideas channel https://telegram.me/technician_forex_trades

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Skype: Technician - The forex channel
got it. Thanks!
Reply
Hi Technician, great analysis on the charts. Keep up the good work!
One question regarding your trades: do yo u have a predefined target in terms of risk/reward ratio (1:2, 1:3, etc.) or do you just let it go to the next bigger support/resistance area? Thanks
Reply
Technician TOP Aarontrade
Hi Aarontrade, thanks, i usually aim for trades that fulfill more than 1:1 ratio.. I usually target next support and resistance levels, if the level is to close i don't take the trade.
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Update: stopped out
Profit(pips)=-150x2=- 300.
Accumulated Profit= +2172
Reply
Thank you, very tutoring.
Reply
Would you please elaborate on that:

"5. If 90 percent of first target is reached without triggering entry, trade is cancelled"
Reply
forexample, if oil dropped directly without touching my entry point and reached near 93.80 (first target), then the trade will be cancelled, i wont take it.
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Hi.. How are you able to add Copper to the secondary window?
Reply
Technician TOP justatrader
Hi trader, click add, then remove the check on "overlay the main chart" when adding a new symbol to chart.
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