tntsunrise
Short

SHORT OIL NOW (50.31) with THREE Reasons:

FX:USOIL   Crude Oil (WTI)
SHORT OIL             NOW (50.31)
with THREE Reasons:

1 2nd attempt can't break new high
2 for a structure retest
3 RSI overbought
Comment:
snapshot


FIRST TARGET HIT
Remember to take some profit
Comment: Now is 49.43, going to hit TP2
Guys are you still in?

have you discoverd that, the method I use which I teach in my PRO-TRADER COURSE
is able to identify the turing points before the market runs?
Comment: TP2 HIT! BIG WINNER
Comment: tp3 hit!
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tntsunrise TOP jangseohee
very nice observation. dxy is good to put into the watch list
+1 Reply
jangseohee jangseohee
your next lvl 48.7x is coming
snapshot
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I think we should wait a bit more like in coming 3hrs. Possible divergence on 1hr is forming. My signals here: divergence+pullback that good enough (around 50,15).
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xiiimik xiiimik
Already divergent, but there might be one more candle up.
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I'm shorting from 50.4!
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Im in at 50.34 thanks Jack!
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I have 3 reasons not too short...2nd attempt to make a new high was higher than the 1st it went to 50.45...1st attempt was 50.41....its in an upper wedge if you draw line from 46..although RSI is high on the daily its 60 so room for another leg up to 51.60...when it hit 51.6 it was 74 on the daily....Jack you are usually right so Im only making these observations and still respect you and your work...
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investment6300 Trendhopper
Thanks for your comments! To see why we have to be be careful but also then wait for right entry wich has cost me if you not aware of all factors..hahaha. All contribution helps all for a better judgement if someone miss some signs, gratefull
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Trendhopper investment6300
I agree, this forum is for all ideas and observations, then if everybody agrees we know we have a very strong idea collectively, I follow TNT/JACK because he has taught me a lot, he recently highlighted the end of a 5th wave in an upper channel on gold and it was a very strong case so i traded it and made money from it..im very grateful to him for this...on oil im waiting for an end to this retracement which i feel is 100% to 51.6...hoping for a nice big reversal candle...and then may short from there.. although I don't think it will go down much , maybe to 49 area, feel that then we will have a ascending triangles to break the 51.60 and head to 60....I share Chartwatchers view that its on 3 daily cycles....I could be way out on this !!! lets see
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tntsunrise TOP Trendhopper
:) tks!
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tntsunrise TOP Trendhopper
great view! it's good that you have your own thoughts!
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Trendhopper tntsunrise
Well done again....!!!
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Trendhopper tntsunrise
Please share, why do you think it will go to 46.77 ?....is this some special pattern?....I find its rare that once a price goes past 61.8% retracement that it crosses back over...
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tntsunrise TOP Trendhopper
before the strong support
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Hello tntsunrise, is your sl @ 50.74?
may thanks for all the analysis ;)
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There was a bullish reversal 'tree solders formed ' to point of resistance on daily to also consider to enter a confirmed short
snapshot
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Ooops , SO I might not be clear...I am not shorting this if there is no confirmed reversal to short from that bull reversal. Maybe we can have a additional guide to another reversal of opinion?
+1 Reply
Trendhopper investment6300
look at 30 min chart...last 2 candles are bullish
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Trend is up, short is dangerous.
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Trendhopper WeeklyTrader
looks like a double top but my money is on a left shoulder/Bull flag ..sideways from here...for next 24 hours possibly...market on hold for BREXIT
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WeeklyTrader Trendhopper
poor guy, I used to play the game of who can catch the hat...but found it failed always...
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tntsunrise TOP WeeklyTrader
70 pips earned
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tntsunrise TOP WeeklyTrader
+130pips now DAVID
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WeeklyTrader tntsunrise
Well, maybe right this time, stil I think taking profit from pullback is highly risky. We will see the trend in a few days.
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tntsunrise TOP WeeklyTrader
whether you see the trend doesnt matter, what matter is how you find your trade. you are saying the trend is up, my question is, are you holding any long position? if you dun even have any long position, no point to talk trend here, coz the trend won't make you any money since you dun even enter the trade.
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Short closed (for now...)
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what would you adjust the sl to Jack?
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close half, rest set B.E
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What do you think of natgas? Good to short? Thanks.
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snapshot
+1 Reply
it's possible re-enter short now?
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tntsunrise TOP giovannicanu
5 mins chart it pulls back to 49.90 that is the best chance
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giovannicanu tntsunrise
tnk's
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followed
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hi Jack, TP means take profit?
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tntsunrise TOP insomnia.kzhang
yup
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am in!
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If it moves past TP2 should we wait for the price to retest and then enter?
+1 Reply
entere at where?
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leeeon tntsunrise
49.15
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I am in from the beginning. I took profits , and now let it go for the next target.Thanks a lot
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very good.
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Jack you nailed it, thanks
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Very good play! Thanks Jack!
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Winner winner chicken dinner!! Thanks Jack. You think we will have a retracement before TP3?
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yup. it is retest 49.15-49.50 now
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I missed my chance to short. Is it too late to enter now? Should I wait for a retracement?
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Wait for the retracment back up to 49.9
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I like the call
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Wow great call
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I have a few questions.
1. You shorted into a pretty strong uptrend. Wouldn't it make more sense to wait until after the EIA report to determine a shift in momentum?
2. What makes this price level so significant? Though RSI briefly showed overbought it was also overbought from $47 up to $48, so what changed this time around?
Thanks in advance
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Good Question:
1. you think it is a strong uptrend, however i see it is just a correction of the previous strong downtrend since 51.50,
2. I dun care about the EIA report, there will only be two results of my trade, either, big winner which is more than 150 pips, or a small loss which is about 40 pips.
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nbn007 PRO tntsunrise
strong downtrend yaye let's ride it!:)
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RSI was oversold now expecting test of TP2?
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Great call, Jack! I loaded up some DWTI yesterday after close and sold this morning at 71, too early. If i check you post earlier, i would make more profits. I should have to.
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You think is a good idea short now?
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MarioHerrera MarioHerrera
BTW, very good prediction.
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Awesome trade setup. TNT you rock.
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excellent
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Great trade man!Keep up the good work!
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perfect
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Im folowing you jack since i discovred this site.
my trades are all green . thank you :)
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Possible HandS on oil is forming. Please note, it is not the signal to short. But worth paying attention to.
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Are we seeing H & S forming confirming a big short ?
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Trendhopper investment6300
Its bullish for me ..RSI is 57 so mid range ..we want 65 + for a short ideally...If it were bearish the right shoulder would have been finished a few hours ago around 49.50. (lower than left shoulder) .markets are more positive as UK LEAVE odds have lengthend to 6/1 ..it might retrace to 49.50 but risk/reward poor for me...maybe worth buying on a pullback around 49/49.50...going to 51.60....yesterday was a short term correction...beartrap
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hi , do thing it is over? or it will go down again?thanks
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So can we short this again. On this level?
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Libra Pattern?
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suberb - can we go for pull back
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Congatulations Jack. Well planned, well executed and well managed.
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perfect jack!
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congratulation! great!
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Well, in this case you have to thanks Brexit ....otherwise ...
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how about the next move
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very good:))
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