Technician
Long

Oil: Long, looking for a deeper correction

FX:USOIL   CFDs on Crude Oil (WTI)
2777 18 15
closed this position at 75.20. Profit(pips)= - 95
========================================================
I am long oil             from current levels, as price is retesting the near term broken resistance, which might turn to a support now, in addition to the broken falling trend line . Settling back below 75.80 may weaken this setup.

Best of luck. 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:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
It look like I'm the last bear left :D
Reply
Update: closed position at 75.20. Profit(pips)= - 95
+1 Reply
LastBattle Technician
I got stopped at break even :(
Was 56 pips in the positive side.
Reply
Technician LastBattle
Yeah, bullshit buddy, some rumors about not action in the opec meeting. I bet its all bullshit.
+2 Reply
Technician Technician
Lost some good money in this one
+2 Reply
dp Technician
Why is it BS? Isn't simple argument that Vlad wont be left alone is good enough? :D
Reply
Hi technician, which broker is best for WTI oil trade
Reply
I would expect this downtrend to continue. No enough confirmation for longs. Might be lucky tho...
Reply
thanks technician for this post
Reply
oil goes up, then CAD, RUS becomes stronger? http://www.bloomberg.com/visual-data/best-and-worst//biggest-oil-producers-countries
So, RUS, CAD, Mexico, Norway, Britain to be looked at ~ as stronger ~
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out