Technician
Short

USOIL: Short at Potential Resistance

FX:USOIL   CFDs on Crude Oil (WTI)
2928 views
29
2928 48
Update: Trade is active

I shorted WTI crude few hours ago

-Three-drives pattern
-Major horizontal resistance
-50-days Simple moving average
-Overall trend remains bearish

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Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
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My best regards
Technician
Crude was temporary boosted by geopolitical event, yemen war. I didnt close my short even when it rallied coz i think i will close a better price. I will close at 98.40.
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Technician Technician
however, i suggest that you always keep your stops in place, this was a special case and i had a clear view about it.
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Technician Technician
Ok i am OUT FINALLY. What a ride!
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Did you mean 40.98?
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Does anybody knows a real quality trading signals subscription?
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oh yeah, Saudis and gulf countries declared military strikes against in Yemen. That's shit..
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Technician Technician
That's what unlucky means
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aburayanfx Technician
again i take 3 lots 50.05 buy stop but i will never close it.
Thank`s Technician
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Don't you think it is the very time to short oil sir?
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GumerShafigulin GumerShafigulin
my question is addressed to TechniCiaN
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