tntsunrise
Short

USOIL 1H RSI DIVERGENCE AND AB=CD COMPLETE

FX:USOIL   Crude Oil (WTI)
2854 18 55
USOIL             1H RSI DIVERGENCE
AND AB=CD COMPLETE
AB=CD complete at 46.90,
Look Left, It is very close to the strong resistance
47.00
Short USOIL             now
SL: Above 47.20
TP1: 46.45
TP2: 46.10
TP3: 45.60
Trade closed: stop reached: SL at 47.30 is triggered
Comment: It's good that we exited at 47.30,. now is 48.37
if never stopped out, additional 100 pips loss
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lovely oil chart! would be good to see a break down in oil! :)
+1 Reply
I totally agree. most probably sir
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Thanks as usual my friend for the OIL CHAT
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SL triggered. Oil is just unpredictable
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In his speach Putin said that the oil calculation will be 50$. Russia mad their budget on this price. Now we will see the change in the Arabs tactics. (Low prices).
I expect that the Oil will come to 50$ in the next weeks and stay around 50$ next 3 months.
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OK, moving above SL and what are we planning now? Thanks Jack
+1 Reply
Again bad luck, Jack
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Respect the Market. although there is no big news, it still going up and make new highs, we have to exit first.
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val_trader tntsunrise
Oil prices jumped over 1 percent on Monday after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit following global oil disruptions.
http://www.reuters.com/article/us-global-oil-idUSKCN0Y703M
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tbuckle PRO tntsunrise
Maybe one should stop covering their eyes to fundamentals in oil, news and world events. Then they will not have to keep shorting oil and then stopping out on multiple trades.
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Not being argumentative but what fundamentals are you referring? (aside from GS news release)
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What is your ratio Jack - Sucssesfull/ Unsucssesfull trades?
+2 Reply
Ciputra Krasen
I considered couple month ago. Just counted last 100 shared his trade ideas. Out of 100 merely 30% goes as he has predicted:)
I suppose he might be motivated by fxcm to push us for daily trades.
Just figure out by yourself...
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Krasen Ciputra
Thanks. I didnt count exactly but my opinion about this persentage is the same. What's worse is that this percentage is very small to be a successful trader
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snapshot

I think the long-term trend of the last 3 months has never changed.
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snapshot

Jack, do you think this AB=CD reasonable?
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this is the Reciprocal AB=CD
provided 48.34 is the highest point
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fail ahahahaha
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