USOIL 1H BAT Completed

FX:USOIL   Crude Oil (WTI)
2251 37 32
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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sir, do you think is a good opportunity to have a long to 58.5?

1. hit at major structure in weekly chart
2. potential shark
possible. but the future will rolled every month. so how u manage your position?
BLKS tntsunrise
i will look for my tp1 at 35.8 for the complete of potential bat. and will try to find the next entry for long after retracement complete
BLKS tntsunrise
Thank you.
very Nice work :)
But sorry do you think it will reach 40.00??
it doesn't matter. After TP2 i will close 80% position and let the rest run
Nice, thank you for posting.
And some gains here should mean my USDCAD shorts will be a little less frustrating :-)
Im sorry but poor ideas..eurcad and this idea very bad.
+1 Reply
tntsunrise TOP mysticbluee
why poor? 0.382 target is hit. it did went up to 33.10
TNT, This is now stopped out, where do you see this going now?
USOIL Pay attention to 29.60-31.00 Zone
looks like downtrend continues
+1 Reply
true. after rally to the BAT's first Target, it breaks a new low. My rest of trade is stopped at break even
Looks like my oil and USDCAD frustrations will continue a bit Oh well, sensible and consistent risk management means I live to trade another day :-)
true.not it comes to the 1.618 ext ,31.58
what hell is happening with Crud oil ??!!!!

where is it heading !!!

+1 Reply
tntsunrise TOP farrukhmpm
Stop loss is some thing we need to do to protect our acct. Imagine if I was not stopped out at 34.10, I will lose another 200 pips. My GBPUSD is not stopped out. SL is 1.4490, Lowest point is 1.4493. GBPJPY i have a nice win from 170.75 to 171.90. and that trade can cover three losing trade already. and my audusd trade short from 0.7330, NZD short at 0.6880, these two winners can cover even 10 Losing trade like this. Stopped Loss is already desgined into the trading plan. and My post here is not for signal, I did not charge any fee, it's purely educational and sharing of my anaylysis. If you win, good for you, you don't need to pay me anything. if you lose, All my trade here is all Risk Limited but Reward at least twice of your risk, and pls follow the 2% risk rule and consistently trade with a plan.
+2 Reply
jackson424 tntsunrise
Don't be mad about the trolls. You are a very good trader with solid plan laid out. No one can guarantee all trades will be winning. But we can manage our trades and plans to the better odds.
leong801 tntsunrise
you are correct ...stop loss has to be set for every big loss less
harmonic doesn't work with opposite trend
tntsunrise TOP pyramids_Forex
the purpose of harmoni is to catch the turning point.
pyramids_Forex tntsunrise
Sometimes it just correction patterns and when it complete it self the price continue in the same direction been before
Yea but where is a structure?.....
very bad expirance following you. last 6 to 7 charts i follow you and every time i lose my money and hit SL.... so please think about your strategy....
+1 Reply
leong801 HLB-FX
please dun blame people since u has no idea how to trade and no people request you to follow ...this is just an idea for us to study the market trend only. no one here are force you to follow ...
thank you for your support! Tradingview is a place that people can share the trade and discuss together, not a signal or copying trade system.
naxis_ac HLB-FX
we need to manage our risk ourselves
yes. make sure that when we lose, we lose 2%. when we win, we win at least 4%.
very sorry to hear that. Tradingview is not a signal service platform and no body ask you to follow my trade set up. I can tell you that every trade i post, i trade in real account as well. Like what I said earlier on, My wining trade such as AUDUSD, NZDUSD, and Gold, they can cover 10 losing trade. I am confident with my strategy and I will be consistent to using them.
My advice is : Plan your own trade, get some idea from other people's chart and trade your own plan. No one is responsible for your account except you.
If you just any how follow one of the author blindly without putting your own effort, it will not help you in terms of building your own trading system. Tradingview can be closed, authors can leave, then who else can you follow?
+1 Reply
Fibtree tntsunrise
you have had many very nice trades in the past and since I know a bit bout harmonics myself I can judge that what you do is excellent and the setups are in the rules so its not your fault if one fails!!

Please continue to spot these great trading opportunitys

and I can also only advice to make use of this break even!! many new AND experienced traders just dont do it and rather take a loss because they are more afraid that a trade could stop at 0 and turn to profit then losing money :(
Thank you , bro. I will be consistent. we need to know that: If a wining trade is by using harmonics, then a losing trade is also by using harmoincs. The trade logic is the same. somebody take profit after trade a harmonic pattern, and say: yaho, the harmonic pattern is the best strategy! and some people lose money and blame harmonics pattern and say: What kind of terrible system it is!
for people that frequently have this kind of thoughts, it just shows that he is not consistent.
This is something about psychology:
Doing the analysis, set up your plan and trade them! The result is just an outcome of your trade plan. Either you win with a great reward or you lose with a small sum of your capital.
If I followed my rules of planing a trade and that trade became a losing trade, I will just accept it and move to the next potential wining trade.
Be patient, Be consistent.
leong801 tntsunrise
Yes...after compared all graph & idea ourselves have to think how many should i gain in this trade and how many % loss ourselves can afford to body will know you had how mny $$ in yours tradingview are for us to gather more graph & idea for trade not for you juz simply click randomly author to follow the trade ... from here we can grow slowly from senior author like tntsunrise or etc ...out there.
you are right, learning how to trade is more important then copy other's trade.
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