LeoYao
Short

USOIL Another Potential Short Zone with 1526 pips in pocket

FX:USOIL   Crude Oil (WTI)
3435 50 44
5 months ago
Hi All, congrats we earned 1526 pips in previous short with three 3 trades. Now it seems there will be another potential short zone.

Although we short, the current trend is still bullish .
5 months ago
Comment: Just nicely hit the bottom of the zone and entry on 49.19 and lowest hit 48.57, 62 pips earned.

snapshot
5 months ago
Comment: hit my entry price, nothing earned. pending for better place to short again
5 months ago
Comment: reenter again on 49.30 as a hidden pattern has been completed
5 months ago
Comment: good drop.
5 months ago
Comment:
snapshot
5 months ago
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
5 months ago
Comment:
snapshot
5 months ago
Comment: Another trade active on 50.42, the ceiling of zone.
5 months ago
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.
5 months ago
Comment: Now it's 49, two positions 172 pips. Oil just hit my predicted top level then big drop!
5 months ago
Comment: 48.38 hit,2 positions 296pips. partial profit taken at 48.5
5 months ago
Comment: Hit 46.69, 2 positions 658 pips u can earn.
5 months ago
Comment: prepare to take another partial profit around 46 guys.
5 months ago
Comment: hit 45.82 last night. Half profit taken on 46 as i said in last comment.
Liuqi1987
5 months ago
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.
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LeoYao Liuqi1987
5 months ago
Hi, thanks for ur sharing. The oil is still in a big bullish trend while at the same time, i agree with u, it's forming a minor short trend in the middle term.
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AGREED!
USOIL: 2015 OCTOBER 9 HIGH OF 50.89 STILL MAGNET
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somelink
5 months ago
i love this idea
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LeoYao somelink
5 months ago
Thanks
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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.
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LeoYao EricDelacrausaz
5 months ago
Nice Eric, I find u become to plan ur trade now which is good
+1 Reply
Sakakikunmakio
5 months ago
I will buy after pullback if happens for target 51... Then short again...
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LeoYao Sakakikunmakio
5 months ago
Nice one~
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walgharib
5 months ago
thank you Leo for your brilliant idea, do you suggest waiting to reach 51 to take short position or take long till reach 51 and switch short.
according Baker report there is increasing in oil rigs number
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LeoYao walgharib
5 months ago
Hi, i prefer to wait the green zone or purple channel ceiling to short again. The place i would like to long has not arrived yet. :)
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EricDelacrausaz PRO LeoYao
5 months ago
Hi Leo,

Where is the place you are looking to long? maybe $26.00 which I think was February 2016 level, if I am not mistaken.
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Looks like it touched the bottom of the zone.
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LeoYao EricDelacrausaz
5 months ago
yes, already in profit
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EricDelacrausaz PRO LeoYao
5 months ago
I'm not....I was looking for it to enter the zone. But I will set a Sell limit and that should get it activated.
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EricDelacrausaz PRO EricDelacrausaz
5 months ago
I mean Sell Stop
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LeoYao EricDelacrausaz
5 months ago
good plan. u can wait because no one knows where the market will goes
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EricDelacrausaz PRO LeoYao
5 months ago
Sounds good. A lot happens while I'm sleeping though.
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Lauramanci
5 months ago
so oil hit $49.21 do we short now or wait? Thank you!
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LeoYao Lauramanci
5 months ago
u can see price action first then decide
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MassimoMattioli
5 months ago
Hi Leo,
firs of all thanks for your job.
I have a question,,,the 50.42$ on the chart is referred to July's contract,,,?so it should be around 51$ for August,,?

Thanks
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Lauramanci
5 months ago
so go short at 49.30?

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LeoYao Lauramanci
5 months ago
can, SL above green zone
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Amin.Wafa
5 months ago
Hi Leo,

Thanks for ideas i have a problem i am going to sell it saying quote off??
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LeoYao Amin.Wafa
5 months ago
Hi, is it because your broker having some issue?
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isaac312 PRO
5 months ago
instead of pips, why dont you use bps???

All retail brokerage firm want retail trader to use pips, but all Investment banks HF prop trader uses bps.
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LeoYao isaac312
5 months ago
Hi, sorry i am not familiar with bps. is it same calculation method of pips?
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It's in the mid zone now, looks like it's taking it's time to climb to above the zone. Will observe it some more then try to find an entry point.
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Is it possible that it will reach the 51.5 again?
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LeoYao EricDelacrausaz
5 months ago
possible,. but you can try first time around 50 which was hit this morning.
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xialinguo123
5 months ago
Very nice!
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Parama
5 months ago
possible TP 1: 48.00, TP 2: 46.00 ??
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LeoYao Parama
5 months ago
Tp1:46
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Finally, After 2 SL and one that came very close, now it moves....Have two active and now in profit. Keep diving.....:)
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LeoYao EricDelacrausaz
5 months ago
haha GOOD to hear that, u see, price just nicely hit my 50.42 level. When r u going to come to my class man? lol
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EricDelacrausaz PRO LeoYao
5 months ago
I have your class as a must take and I will take it, but I need the funds first and am working on getting them. I appreciate all your help. Your class will definitely be a plus for me to get it on my own. I am learning with each idea you and a few others that I follow post.
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LeoYao EricDelacrausaz
5 months ago
good man. Keep it up~
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Deepwhite
5 months ago
thanks
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LeoYao Deepwhite
5 months ago
my pleasure. U can come to my class and earn more. my students all earned back their course fee today.
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Hi Leo, Now it hat it moved back in the zone, I'm thinking about taking another position short, is that how you all do it and end up with multiple positions? I think the short idea is still live, correct?
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LeoYao EricDelacrausaz
5 months ago
Hi, yes normally before pullback starts I take some profits already so when pullback finish I add back the positions. For now if it cannot break 50 , u can short. Another trial is yesterday high to short
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Wow, My first big wins. But all my positions hit their TP while I was sleeping. Didn't expect it to dive that fast but it's ok. Now I have made up for all my losses and made some more.
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LeoYao EricDelacrausaz
5 months ago
It's better u come to my class bro. U need to make ur winning consistently. Many people regret not take my class first before they lose all the money
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EricDelacrausaz PRO LeoYao
5 months ago
I will. Thanks
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abail
5 months ago
Once hitting 46 do you see a pullback to the 50s again?
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LeoYao abail
5 months ago
Maybe but I will not Long from 46
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Lauramanci
5 months ago
Leo - oil is back up to $48.30 is this a good place to short?

Thanks for all your good work!
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LeoYao Lauramanci
5 months ago
Hi u can wait for 48.7 to 49 area
+1 Reply
any updates/

I saw USDCAD reversed big on Friday, usually a sign oil is about to shift trends.
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