Technician
Short

Shorting Oil Near Prior Support

FX:USOIL   CFDs on Crude Oil (WTI)
1048 views
9
1048 17
Update: Reached target without triggering entry.. trade is cancelled
---------------------------------------------------------------------------------------
Broken key 80 horizontal support and psychological level could reverses role to resistance now, another simple short.

Join me at https://twitter.com/thefxchannel
Also at my Facebook page http://www.thefxchannel.com
My best regards,
Technician

==================================================================
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:
1) If 90 percent of first target is reached I move stop loss to breakeven.
2) If 90 percent of first target is reached without triggering entry I cancel the trade.
3) Remember: Losing is a main part of the game
Just occurred to me to ask... I'm using S*xo and they make me wanna drive my head through the wall a lot of the time. Is there anyone you recommend? The currency people I use are good but they offer no stocks, oil, or indexes. Would be great if there is something else out there other than S*** and Interactive ''B*s*a*ds''
Reply
Oanda are pretty good
Reply
HexVex PureSymmetry
Thanks, I'll take a look. S*xo took 20% of the trade you see above to the first target :( Your stock has to make 1% before you're at 0. Then minus 15% or something off the result!
Reply
Again, we reach target without entry.. trade is cancelled
Reply
HexVex Technician
I thought you were gonna say first target reached. What was the trigger for entry.
Reply
sell limit was at 79.50, which price didn't reach
Reply
HexVex Technician
Gotcha. I had a hunch it was about to move lower and took the trade. Watching candles bobbing up and down all day had to be good for something one day :) Thanks as always!
+1 Reply
Great you did :)
Reply
HexVex Technician
Just a thought.... Check out the 100 MA on the hourly/ 200MA on the 30min chart. Caps the last 3 spike- ups perfectly.
Reply
sir, i appreciate your work !

can you tell me about GOLD ?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out