ChinmayShirsat
Long

Crude Oil Strategy #33

FX:USOIL   Crude Oil (WTI)
Go Long and enjoy this pull back rally $$$$$$$$$$$$$$$
I plan to short around 50.33. I managed to get in just before this last break on a trendline touching peaks 50.68 and 50.59. Just something to be wary of.
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ChinmayShirsat RockyBalbs
This is a pullback rally and crude will go up to 50.5 and then it will retrace
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RockyBalbs ChinmayShirsat
Yep I understand that, I guess what I'm trying to say is that the trendline seems relevant at the moment which may prevent it reaching 50.5, especially as there is a trendline/ small resistance intersection (which I use as a basis for the majority of my oil trades).
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ChinmayShirsat RockyBalbs
cool :) let see how crude behaves today
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You're properly right as usual, but I would be really carefull with the longs at the moment. Breaking that trendline/triangle was not a good sign!
snapshot
Maybe up to have a test of that line?
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i agree with you.. i strictly follow stoploss ... i like your technical chart :)
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Manzar IftikharAhmed ChinmayShirsat
Damn out at BE when price went to 49.99. OK time to wait for next opportunty.
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ChinmayShirsat Manzar IftikharAhmed
no problem dude...
+1 Reply
Manzar IftikharAhmed ChinmayShirsat
Do you ever put SL at BE after a certain number of pips in profit?
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ChinmayShirsat Manzar IftikharAhmed
sometimes when there is high volatility i do follow trailing stoploss. :)
+1 Reply
Manzar IftikharAhmed ChinmayShirsat
Cheers pal.
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BaliShag PRO ChinmayShirsat
Looks like you could be nailing this one too. Didn't go long, but closed my short when you posted this. Keep it up! Thx mate, I got the WaveTrend from you ;) Mostly trading on trendlines and MA though, but its great at timing your entries.
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RockyBalbs BaliShag
There's shorting opportunities coming up soon anyway, especially that it's nearing US trading hours.

I gotta thank you Chinmay aswell for Wavetrend, has been golden the way I trade
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BaliShag PRO RockyBalbs
2nd short from around $50 today - working out great :D
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yes same here :)
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You are welcome :) i just wait for correct time to enter and trust my inner guts...
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I'm out. thanks ChinmayShirsat
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You are welcome :)
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