i got tore up on that whipsaw... i missed the original entry by 0.05 - was aiming for top of the channel then got stopped out when it all came down... tried for a retest of the bottom support and that got taken out also... now watch it go all the way up to top of channel and make higher highs... :)
@Monduras, It might. At some point you need a direction....a stop...and a target when you think you know the direction. Sundays can be tricky. Some traders like to trade the opening gap. Personally, I just don't feel like trading Sundays...a personal decision. I don't have my charts open and I don't have the USO on my list....but I would like to see oil go lower to an extension and have a buying tail because if it goes lower and I found an entry...there is a reasonable 2+ point target as I recall....but that is memory...would have to see the chart and look for a real time decision. I am ok that you want to go long....but I can't tell on you 60 min if i would have a long at your higher entry....would have to frame the trade on a larger time frame chart....so best to ignore this. Too busy now, but if a have time I will put lines on usoil later.
Pollard
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Nice work as always watching yr pinpoints thanks
Chewie2005
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despite the Happy Easter "deal" with oil cuts there was a drop on Sunday's opening.
exodar112
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What I see, it s a coup with handle formation what wait confimation to buy ( watch volume) at 28 $, of course we need fundamental reasons to go so high, because first targhet willl be 36, and second will be 42.
ScottBogatin
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@exodar112, can you post a chart and show the cup and handle you see?
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