tntsunrise
Short

USOIL Squezzing (34.25 and Trendline)

FX:USOIL   Crude Oil (WTI)
3980 30 65
USOIL             Squezzing
34.25 is the level which
turns from previous support to resistance
Trade Plan 1:
Short usoil             based on the strong resistance
If the trend line is broken, the downside will be very big
SL: 32.50, TP: 28.00

Trade Plan 2:
Buy the break out when you see price
close above 34.25 and buy the pull back
Comment: Typo Error, SL is 34.50 not 32.50
Trade active: Yesterday stopped out at 34.50 due to a spike
Now I decide to re-enter the trade
1H chart keep making lower highs, this shows 34.30 is still a valid resistance
Enter at 34.00, SL: 34.70
Comment:
snapshot
Trade closed: stop reached: 33.70 HIT, FOLLOW THE PLAN. EXIT TRADE FIRST.
Comment: 34.70 HIT
exit first
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didn't get exactly... is selling now is the plan 1 or wait to brake the trend line and then sell ?
Reply
tntsunrise TOP FawadJawed
that's why I put Plan 2. Sell now, if stopped out, ready to long
Reply
tntsunrise TOP FawadJawed
FIrst Touch the trend line you can Take partial profit, if break , add position
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FawadJawed tntsunrise
Cool.. got it now :-) thanks for the heads up and best of luck :-)
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do you also trade for client’s account or only for your own account?
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I am in private banking industry, I help them manage their wealth.
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ccake28 tntsunrise
how to contact u? I have account in sg too
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weechat ID: 32114564
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we first need a usd cad 1,3360-55 to pull back later 1,36 . and clean stops shorts in OIL 36.-37 Level, then yes agree with you Price will back to 31 . 32 level but we already bottoned OIL in january . perhaps we see pull back usd cad 1,45-46 not more
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USDCAD may go back test 1.40
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ManuFx tntsunrise
yes exactly this is what i say, but first touch down 1,3350 to pull back later 1,40 anyway this pull back please read again to 1,40.. will be just this a temporal pull back because we already top usdcad in 1,46 january and bottoned OIL 30-27$
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wave 5 its done either for usd cad 1.46 and oil 30-27 finito the comedy!
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are you now on long position?
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Must have been really bad luck. Had my SL at 32.50 and it just touched that point and afterwards went down..
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BogdanBratu BogdanBratu
34.50*
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maybe not, usoil/usdcad is double bottom
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Rayge Rayge
and likely break out downtrend line
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isn´t this an ascending triangle who can break out in a bullish formation?
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Could oil above 35 start one of the biggest short squeezes in recent memory?
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SL hit again
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It seems USOIL has started uptrend.. Trend Line Broken !!

snapshot
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tntsunrise TOP FawadJawed
YES. IF TODAY CLOSE ABOVE 34.60
Reply
FawadJawed tntsunrise
Yes it looks like it will be closing above that level.. although Crude oil inventories data was bearish for it !
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tbuckle PRO FawadJawed
could be a false break out to end uptrend, lure in the bulls.
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tbuckle PRO tntsunrise
could be a false break out to end uptrend, lure in the bulls....for oil
Reply
FawadJawed tbuckle
i dont think so as firstly it was consolidating when it broke the previous trend line on shorter time frame and now this one.. but lets see
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What happens now ? Do you think it is gonna come back down or go straight up?
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you remember me my previous post remember i told you first we touch 1,3360 here we are, now we go up yes to 1,36/1.37. Oil will pull back again to 32 - 31 level,s but on long term its bottomed! this is my verified track record 3 years if someone want more info i,m open to help people as well http://forex-markets.es/cuentareal-master/ sorry my website not in english but i think everyone understand this, 145% NET profit 36% anual return ( anualized ) 3,5 % monthly, 10,7% max draw down, stop out 15% never reach this level, thanks to all great you tntsunrise!
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bullshit!
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in triangle break down through? seriously?
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