Technician
Short

Shorting Oil as Copper Breaks Support

FX:USOIL   Crude Oil (WTI)
274 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
If you dont want to miss any trade and see all the trades live, fully transparent. No bullshit like some others. Join my FREE channel here https://telegram.me/technician_forex_trades
Hi.. How are you able to add Copper to the secondary window?
Reply
Technician TOP justatrader
2 years ago
Hi trader, click add, then remove the check on "overlay the main chart" when adding a new symbol to chart.
Reply
dp
2 years ago
Would you please elaborate on that:

"5. If 90 percent of first target is reached without triggering entry, trade is cancelled"
Reply
Technician TOP dp
2 years ago
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.
Reply
dp
2 years ago
Thank you, very tutoring.
Reply
Update: stopped out
Profit(pips)=-150x2=- 300.
Accumulated Profit= +2172
Reply
Aarontrade
2 years ago
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
2 years ago
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.
Reply
Aarontrade
2 years ago
got it. Thanks!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out