chartwatchers
Long

Energy Trade 1.

FX:USOIL   Crude Oil (WTI)
2370 41 55
I'm going to post an Energy / Stock / Metal Trade for the followers to trade.
I will post the update in the "update status" section of the portfolio post.
Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Energy trade 2.

Buying 300 barrels of US Crude June 2016
Price: 39,81
Margin impact : 1193 USD (11,9%)

4hrs chart:
RSI is leaving overbought territory
MACD is turning up to cross over
Price is bouncing from 100 EMA
Comment: Oil is soaring with the weakening dollar...
Comment:
OIL - Heading to Daily Cycle Low
Comment:
OIL - 50 EMA is the key
Comment: 2 days ago I posted my 2 possible scenario.
It seems we will get the 2nd scenario:
printing the DCL at the 50 EMA and bouncing from there to new highs.
Next week will give us the answer.
Comment: We are very close to the DCL. I'm adding to the position.
Buying 200 barrels of US Crude June 2016
Price: 36.80.
Comment:
OIL - Daily Cycle Low is in
Comment: If we close above the 10 and 20 EMA I will continue adding to the position.
We should bounce now quite fast above the 200 EMA.
Comment: YEP!
I think we pulled the trigger the 2nd time at the exact bottom yesterday...
Comment: Oil seems to be holding above the 10 and 20 EMA.
Time for oill stocks to run soon.
Adding 100 ERX to the position.
(Direxion Daily Energy Bull 3x)
Total position:
200 US Crude June (36.8)
300 US Crude June (39.8)
100 ERX (22.46)
Total Margin Impact : 30,9%
Comment:
OIL - Bears are loosing control


I will continue adding ERX today up to 50% margin impact.
The position will be in strong plus.

In my own portfolio I will add various oil related stocks what I posted. I think they will start to run soon. (LGCY,OAS,CLF,VALE,SXE,HK, and maybe REXX )
REXX is not looking so good but the others what I posted 2 days ago (Oil stock tarde 1-2-3-4-5...) will be big runners in the following 5 weeks.
Comment: Adding 100 ERX to the position at 24.17.
We will have only green candles today.
Comment: 09.04.2016.
The portfolio is in 1270 $ plus (12.7%) as of today's close.
Comment: LET THE WINNERS RUN !

I'm not touching the energy trade.
How many times were you watching as a bad trade destroying your portfoilio?
Is it familiar ? YOu were sitting and hoping that price is gturning up and going into the good direction.
WE ARE IN THE GOOD DIRECTION NOW - while most of the traders are shorting oil or sitting on the sidelines.
So now we have to hope that the price is going up and make us a very nice profit.
Let the position work.
Comment: I posted ARP charts a few minutes ago.
I will add this to the energy trade. We have money to risk.

Buying 1000 ARP at 0.80.
Comment: Adding 100 US CRUDE June to the position.
Price : 40.56$

This is the last add in this in this daily cycle.
Comment: Closing all ERX positions at 30.55
Comment: I'm afraid that the FED is going to hike today and that will affect the stock market and oil shares also
Comment: I'M not touching the oil positions. Only the ERX is closed...
Comment: Reopening the 100 ERX position at 27.76.
Comment: I'm going to close the 200 US crude June Position at 45.95$.
And at the same time I'm opening 100 ERX positions at 27.93$.
Comment: i think that oil will have one more round in the range as the dollar bounces again. And I see more potential in ERX in the following weeks.
Comment: This "change" has almost the same margin impact.
Comment: Taking profit on 100 US CRUDE June position at 48.70
Comment: Buying 50 ERX at 28.22
Comment: Closing all the rest of the US CRUDE positions.
I have only ERX in the Energy Trade
Comment: I would like to reopen Energy trade 2 so I will move the capital from Energy trade 1.

Profit calculation for the closed positions:
300 barrel long: 39.81$ ----} 49$
200 barrel long 36,8$ ----} 45,95$
100 barrel long 40,56$ ---} 48,7$
100 ERX long 22,46$ ----} 30,55$
----------------------------------------------
10.371$ profit

So I will move 10.000$ starting capital+10.371$ profit and the opened positions.

Positions still opened ( I will move these also):
100 ERX long 24,17$
100 ERX long 27,76$
100 ERX long 27,93$
50 ERX long 28,22$
1000 ARP long 0,8$
Comment: The rest of the position ( the position still opened) in 1704$ profit at Friday's close.
Comment: So alltogether the Energy trade is in 120% profit in 2 months.
What leverage do you use on Forex trades?
Reply
Really great trades! Greetings for your success! =)
Reply
Wow right on. Please keep up great analysis. Appreciated your works.
Reply
Still holding ERX, CLF and DRYS
Reply
keefer0 Benztownguy
CLF is killing me :)
Reply
got in around 3.227, so -8.3% , i`ll definitely hold it. Energy stocks will rebounce
Reply
I'm short (fill the Gap of the JUL contract) from 49 with a strict stop loss
Reply
If oil falls, how do you expect ERX to go up?
Reply
CLF triple bottom just now
Reply
Great. What is your SL for ERX?
Reply
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