DESCENDING TRIANGLE WITHIN TRADING RANGE

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---

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

Comment:

OPEC set for no deal as Iran rejects Saudi oil output offer
www.reuters.com/arti...-saudi-idUSKCN11X0LL

Comment:

price reaction here, it matters!
s3.amazonaws.com/tra...shots/8/8OOZmPNA.png

Comment:

s3.amazonaws.com/tra...shots/7/7DiasZZc.png

Comment:

47.10 Just be patient and dont fight the mkt ;) s3.amazonaws.com/tra...shots/o/OhHGbOtA.png

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..... s3.amazonaws.com/tra...shots/a/a5aME43a.png

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. content.screencast.c.../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:

Comment:

Doing a new chart for oil short----

Comment:

New chart done