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Technician
Nov 21, 2014 4:19 PM

Oil: Long, looking for a deeper correction Long

Crude Oil (WTI)FXCM

Description

closed this position at 75.20. Profit(pips)= - 95
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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 twitter.com/thefxchannel
Also at my Facebook page thefxchannel.com
My best regards,
Technician

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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
Comments
Technician
Update: closed position at 75.20. Profit(pips)= - 95
LastBattle
I got stopped at break even :(
Was 56 pips in the positive side.
Technician
Yeah, bullshit buddy, some rumors about not action in the opec meeting. I bet its all bullshit.
Technician
Lost some good money in this one
dp
Why is it BS? Isn't simple argument that Vlad wont be left alone is good enough? :D
LastBattle
I'm in too!

Thanks herder :D sheep here... baaaa
Technician
lol :) .. hope this goes as expected
elcololp
Dollar Index is near resistance?
thedrrew
Thanks Technician! I'm in.
dp
It look like I'm the last bear left :D
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