FX:USOIL Crude Oil (WTI)
Comment: Just nicely hit the bottom of the zone and entry on 49.19 and lowest hit 48.57, 62 pips earned.
Comment: hit my entry price, nothing earned. pending for better place to short again
Comment: reenter again on 49.30 as a hidden pattern has been completed
Comment: good drop.
Comment: My another pending order is on 50, but today only hit 49.92, did not active. Still only have one added back 49.3 and some previously remaining lots shorted from 51.5. Now is 48.91, all in profit
Comment: Another trade active on 50.42, the ceiling of zone.
Comment: Just nicely hit my 50.42 which is short zone top level. now is 49.9, one position from 49.3(-60pips),one position from 50.42(52pips), intotal now lose 8 pips.
Comment: Now it's 49, two positions 172 pips. Oil just hit my predicted top level then big drop!
Comment: 48.38 hit,2 positions 296pips. partial profit taken at 48.5
Comment: Hit 46.69, 2 positions 658 pips u can earn.
Comment: prepare to take another partial profit around 46 guys.
Comment: hit 45.82 last night. Half profit taken on 46 as i said in last comment.
Today's oil has a very huge bounce.It give some help to the spx 500,but not that much, NQ stll down 1%.The next strong R for usoil might be around 48.6 in Wed 10:30 after EIA data release. They always do this to protect spx.... What do you mean of Although we short, the current trend is still bullish ? Thanks! I suspect oil has formed the short even mid term top.
Thanks Leo. I didn't make as much on the last one but my SL still gave me a profit of 149 pips. I entered late though, was risky but in profit in any case, almost made up for my losses of the last two weeks. On this upcoming one, I am thinking the first TP to be 45 which is where the last one reversed and then the second one at 42 which was my TP for the last one.