moorekapital

DESCENDING TRIANGLE WITHIN TRADING RANGE

FX:USOIL   Crude Oil (WTI)
420 5 19
6 months ago
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
6 months ago
Comment: OPEC set for no deal as Iran rejects Saudi oil output offer
http://www.reuters.com/article/us-opec-meeting-saudi-idUSKCN11X0LL
6 months ago
Comment: price reaction here, it matters!
snapshot
5 months ago
Comment:
snapshot
5 months ago
Comment: 47.10 Just be patient and dont fight the mkt ;)
snapshot
5 months ago
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
5 months ago
Comment: Investigating gapping.....
snapshot
5 months ago
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
5 months ago
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
5 months ago
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
4 months ago
Comment:
snapshot
4 months ago
Comment: Doing a new chart for oil short----
snapshot
4 months ago
Comment: New chart done
MULTIPLE SETUPS SAY SHORT---Sankofa Conservative,DT MTR, HnS Top
summer6
6 months ago
a nice chart. let's see if opec meeting could take oil to a new high or a new low. :)
+1 Reply
moorekapital summer6
6 months ago
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
6 months ago
agree ^_^
Reply
Yahia.Awes
6 months ago
Seems like we got the same minimum target >.<
#USOIL short
+1 Reply
moorekapital Yahia.Awes
6 months ago
Certainly! 'BOL' is a KEY trend decider.
Reply
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