markuspd
Short

May be a US OIL sell opportunity soon

FX:USOIL   Crude Oil (WTI)
57 0 3
3 months ago
If the current candle becomes anything resembling an engulfing candle I would recommend a sell and I will look to take profits around 42.
Failed to reach previous high.
3 months ago
Trade closed: target reached: Ive taken profits waiting for pullback to reenter.
3 months ago
Comment: Its 3am in aussie, I am being cautious as there is no bearish kumo in sight and watching cs to see if it goes through price.
It will be interesting to see if price enters cloud,
3 months ago
Comment: I left this trade open overnight which is unusual for me and something I wont do again even though it resulted in a big win,
We hit new highs and to me this large bearish candle at the top is reason enough for me to take the trade but I was in the trade regardless when it was time for me to call it a night, often it is not a full engulfing candle but when the wick or the next bearish candle is included it can have the same effect.
3 months ago
Comment: I am waiting for any sign of another bearish engulfing candle to reenter this trade on the sell.
3 months ago
Comment: Rejected by cloud and ks I am now entering this trade on a pin bar reversal buy signal.
3 months ago
Trade closed manually: Sorry about the lack of updates I have been busy but this trade was a no go from the start took a decent loss from it, but overall still have done very well over the last couple days as far as USOIL is concerned.
Sideways markets and to a big extent ranging markets are not suited to my style of trading so I generally leave and look for other opportunities when it is clear that we are in a sideways stretch.
Still there is no red kumo in sight so I might set this one aside and look for more trending markets.
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