Hello oil traders! Looking at the 15 minute chart there appears to be an opportunity to make a small gain. Stoch RSI and Moneyflow are both rising. Expect to get back at least to VWAP. I entered at $55.90. SL is set at $55.70 and expect to take profit at $56.40-56.50. Let me know what you think.
Trade closed: stop reached
⋅
You can't predict the market. Will try again later.
@mehrdadnrz, It is VPVR. Viper Price Visual Range. You can find it by Typing in VPVR in the Indictor search or look under the Volume heading and click on Visible. It is very handy. It measures volume by price, blue is buy and gold is sell, or may be yellow and green on your screen. I listened to a trader who used it and they liked it because market movement likes to head to a low volume area after major moves during the day, so I was told. It also produces a red line that represents the price with the most volume for the day and it changes all the time depending on volatility.
mehrdadnrz
⋅
@Trade4God, yes , thank you so much brother . its great
Amberdove
⋅
kai! I hope you didnt lose alot?
Trade4God
⋅
@Amberdove, less than I made earlier. It is all part of the business. Anyone who thinks they are going to win every trade and not lose once in a while is a fool. I trade with Trade Genius and the owner Bob says if you are winning 65% of the time you are doing good. If you are winning 80% of the time you are doing awesome. I think I am somewhere in between.
Amberdove
⋅
yes i expect oil to rise bro. even above 56.5$
Trade4God
⋅
@Amberdove, I am seeing it is nearing the bottom of the new channel that was started back in August, so I am expecting it to get back up to the $57.50 range. Best wishes bro!