USOIL 1H BAT
with price action confirmed.
MACD shows Divergence
LONG at 32.46
SL: 31.77
TP1: 34.20
TP2: 36
Trade closed manually:
closed half at 33.10 which is the 0.382 Retracement
rest position break even and exited without losing money
Comment:
This trade shows a good example that we need to follow the rules:
When reaching 0.382 first target, we need to close half position and BE the rest of the position.
Do not turn a wining trade into a losing trade.
Some of you may thinking this trade was stopped. yes the price did break new low,
however, it rallys to 33.10 before it go down.
entry at 32.50, and close half at 33.10, wining 70 pips.
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When reaching 0.382 first target, we need to close half position and BE the rest of the position.
Do not turn a wining trade into a losing trade.
Some of you may thinking this trade was stopped. yes the price did break new low,
however, it rallys to 33.10 before it go down.
entry at 32.50, and close half at 33.10, wining 70 pips.