TVC:USOIL   CFDs on WTI Crude Oil
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Aug 15
Trade active
Aug 16
Trade active
Aug 17
Trade closed: stop reached
Aug 17
Comment: Not a very good level for a buying. I managed to stay in profit on the news. Levels for buying are 46.2-46.5.
Aug 17
Trade active: 46.5
Aug 18
Trade active: tp#1 - 48.60 - reached
Aug 23
Trade closed manually
Again, you are trying to go long in a bearish market.

This market has not yet shown any kind of reversal or bullish support yet. It is still in a bearish trend.

What I suggest, and what I personally do, is not to open a long position if you yet have no confirmation (Market is bearish) and same thing for a sell.

From what I can see, is that there is currently no support or signs of reversals any time soon, so why go long.
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c1234 AwesomeMoMaker
@AwesomeMoMaker, game rules...
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Why are people so intending to go long on oil? The bullish trend has finished. Go short now. We don't care what the market wants to do, we just want profits.
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c1234 AwesomeMoMaker
@AwesomeMoMake, hello.

It is unprofitable to sell at the current price. Corrections do not quickly unfold, we received only an invitation. I think. :)
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@c1234, I believe it's the right time to short it long term. Do as you want, I am only giving my opinion.
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c1234 AwesomeMoMaker
@AwesomeMoMaker, My time is calculated for selling a week later. I can make mistakes in calculating time, but not in risk management. :)
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