tntsunrise
Short

USOIL in my shorting zoine.

FX:USOIL   Crude Oil (WTI)
10136 69 197
USOIL             in my shorting zoine.
I will watch closely of the closing price

If I saw a bearish candle that can reject
OIL             from this zone.
I will enter my short.
Comment: No bearish Signal Yet.
So no entry
Trade active:
snapshot
Comment: Guys, Please do take notes that the contract will be rolled over to the next. so there will be a gap up in the cfd chart
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Thank you Sir
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Are you looking at targets of around 38.50?
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tntsunrise TOP Streetsurfer
35.80
+1 Reply
Streetsurfer tntsunrise
Thank you for the insights. Appreciated.
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danbar tntsunrise
$35.80!! are you sure??
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45 to 38 or 36
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thanx you sir
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May go to 45.3. Waiting......
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Thanks!
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Jack, Rising wedge, broked and tested back now.
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junp2010 junp2010
wrong, rising wedge changed.
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Thanks Jack, by when will we know when to enter the trade?
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snapshot

Sir,there is a AB=CD pattern.
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Thanks, Jack.
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Careful with the short here. Don't stand in front of a speeding bullet train. If you short, it may possibly drop to 42-43, then reverse back up and over 46 and power its way to 50.
+1 Reply
45.6--45.7
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I also have a beautifull bat in the 4 h frame for the ukoil. When is back to 46.115 i wil short and target will be 43.430.
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Short down to what level?
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It is time to short Mr. Jack?
+3 Reply
shorted at 45.80 ... :-)
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The closest target maybe is $43.35, $42.80?
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I think same........ how you use RSI for trading.
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good
work
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did anyone see that coming :)
+1 Reply
Is this trade still valid?
+1 Reply
RadheshwarSharma AvishkarMadhan
definetly no.
+1 Reply
TONYCUE AvishkarMadhan
So many resistances around 45.80-46.15, It very likely will pull back. Once it break 44.25, then bear is going to take over the control. The market is just waiting for the API and IEA to be released today and tomorrow.
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FawadJawed TONYCUE
both resistances gone !
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Oil is going higher. You guys should be careful. If you short here, you stand to make how much? The risk reward is not worth it. Going long, the gains are much greater. Max gain on a short is like 2-3 points.
+1 Reply
watsonzou26 SupraBoy
agree.
+1 Reply
good evening tntsunrise
how are your short? audusd stopped out, nzdusd stopped out, usoil? it's on gain or in loss?
+4 Reply
watsonzou26 santoroma
He mentioned oil target was 35.8, that will be very low possibility in my view if you take a close look at the chart. Oil is quite bullish clearly. Any idea of shorting oil is not smart here.
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watsonzou26 watsonzou26
Quick short trade might work for $0.6-$1.00 because we see pin bar in 4hr chart, my guess.
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do u understand what is watch the price action? i only short oil today at 48.07
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AmmenLee tntsunrise
just passed that.
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watsonzou26 tntsunrise
Hi Jack, so today your short was based on your price action? Please advise. Thanks.
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Is this Sept or Oct contract? Thanks
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Still in Sept. Oct. plus $0.60 roughly.
+1 Reply
Dguaman watsonzou26
Thank you !
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Wow...some folks have hard time understanding. Clearly Jack has not entered the position. He said "wait for bearish reversal price action"....none has happened as yet, thus no short. Oil may go to $48 before the short opportunity forms...wait and see.
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santoroma did not misunderstood Jack's idea. He used question sentence. I think any idea of short oil is not a good idea. Jack is quite professional trader, Many traders like me learned alot from him. Keep going,Jack!
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Hi Boss,

Did you get in already? I am waiting for some signal...
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Wow thats an aggressive short. Where did you put SL Jack ?
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tntsunrise TOP serdargurlek
48.55
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Zoli2 tntsunrise
SL, I think
+1 Reply
SwingDow30 tntsunrise
What is you target price?
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SupraBoy SwingDow30
Target price is $53.
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Any idea about gold?
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i dont think so Jack i think it will go to 50
+1 Reply
TP 1 and 2?
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Is there any bearish signal? Oil looks so strong now.
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watsonzou26 GangyiLi
For me, no.
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what is your stop out for this oil trade?
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oh sorry, I just notice you mentioned in a comment above 48.55 as the SL.
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What was the signal that you saw to warrant the trade?
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Short oil here is more like gambling.
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sir,can i short here 48.34.
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SupraBoy RadheshwarSharma
Oil 48.58 now, SL hit. Keep on shorting to $53 next week. Let's see who has enough cash to last through the short squeeze. When this post came up, I added more at 45. So far so good.
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there is a uptrend channel, better wait for the channel break then short.
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SupraBoy tntsunrise
That's right. That trend will hit resistance at around 51-53. I believe a quick spike to 53 is coming, that's when you short it down to 49. By mid September, Oil might be in a new trading range between 52-57.
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snapshot
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linxie08 tntsunrise
So Jack, you have stopped out?
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yes. i exit first,
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watsonzou26 tntsunrise
sorry to know that. Jack.
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What is CFD in Oil?
SORRY I'm new in Oil
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tntsunrise TOP BrayanRush
fxcm's usoil is a CFD, you can google search wat is CFD
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SOOO mad I got stopped out. OIL drops right after I closed my postion T_T
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Trendhopper Trendhopper
We have a nice Elliot Wave completion :0 )))
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