moorekapital

DESCENDING TRIANGLE WITHIN TRADING RANGE

FX:USOIL   Crude Oil (WTI)
420 5 19
Analysis on chart.
Use your sixth sense ^_^


Click like to be updated on developments. I hold a short from 47.22 on demo, and short on live account via EURCAD             long. see chart here---

STRUCTURE - TRIANGLE WITHIN TRADING RANGE


We had fun with the chart below, some 4months ago. The updates to this chart presents loads of real trade lessons, bar by bar. Great for my library

USOIL: 2015 OCTOBER 9 HIGH OF 50.89 STILL MAGNET
Comment: OPEC set for no deal as Iran rejects Saudi oil output offer
http://www.reuters.com/article/us-opec-meeting-saudi-idUSKCN11X0LL
Comment: price reaction here, it matters!
snapshot
Comment:
snapshot
Comment: 47.10 Just be patient and dont fight the mkt ;)
snapshot
Comment: Heads Up!!! USOIL UPDATE--- If you did this trade w/ me, I think that we got activated now. The #1 challeneg I have here is that, we did not walk into the entry order---we gapped into it. That means that we need to be a bit careful here. Otherwise, for now, revise your stops from 50.98 to 50.56
Comment: Investigating gapping.....
snapshot
Comment: Well,
Saxobank doesnt show gap....
Tradenavigator doesnt show gap......
IG doesnt show gap......
Tradingview/Investing.com doesnt show gap.......

I guess I hold short, and rel on stop
Comment: CRUDE OIL TRADE UPDATE---- No loss. Very tiny gain. Thanks to good risk management practices. click on link for chart update. http://content.screencast.com/users/moorekapital/folders/Jing/media/4ecb3583-905a-46fb-ad7d-188330d138cb/2016-10-26_1645.png
Comment: Now, if price fails to reach 51 in 6hours from now = I'll short again, at close price of 6th hour, w/ stops @ 51
Atm, I see price simply rally into a PSZ-- Potential Sell Zone. No crude oil trade yet
Comment:
snapshot
Comment: Doing a new chart for oil short----
snapshot
Comment: New chart done
MULTIPLE SETUPS SAY SHORT---Sankofa Conservative,DT MTR, HnS Top
a nice chart. let's see if opec meeting could take oil to a new high or a new low. :)
+1 Reply
Valid statement. I believe that anyone short or long would manage his/her trade accordingly. Buy Climax, 51.60 would invalidate any further shorts imho
Reply
summer6 moorekapital
agree ^_^
Reply
Seems like we got the same minimum target >.<
#USOIL short
+1 Reply
moorekapital Yahia.Awes
Certainly! 'BOL' is a KEY trend decider.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out