Technician
Short

USOIL: Short at Potential Resistance

FX:USOIL   Crude Oil (WTI)
2923 48 29
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

Be one of the first members of my new trading portal, check my new website http://thefxchannel.com/ , vote and subscribe. Thank you

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
------------------------------------------------------------------------------------------------------------------------------------------------------------
https://twitter.com/thefxchannel
https://www.facebook.com/thefxchannel
https://plus.google.com/%2BThefxchannel0
My best regards
Technician
My trading ideas channel https://telegram.me/technician_forex_trades

Get your gift : https://thefxchannel.com

Skype: Technician - The forex channel
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.
Reply
Technician TOP 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.
Reply
Technician TOP Technician
Ok i am OUT FINALLY. What a ride!
Reply
Did you mean 40.98?
Reply
Does anybody knows a real quality trading signals subscription?
Reply
oh yeah, Saudis and gulf countries declared military strikes against in Yemen. That's shit..
Reply
Technician TOP Technician
That's what unlucky means
Reply
aburayanfx Technician
again i take 3 lots 50.05 buy stop but i will never close it.
Thank`s Technician
Reply
Don't you think it is the very time to short oil sir?
Reply
GumerShafigulin GumerShafigulin
my question is addressed to TechniCiaN
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out