tntsunrise
Short

USOIL pull back to 0.618 level and good to short

TVC:USOIL   WTI CRUDE OIL
15695 100 192
3 months ago
After The Stop loss due to the gap up.

I decide to enter for another short
at 48.20

The reason is 0.618 pull back
and also the left structure.
3 months ago
Comment:
snapshot
3 months ago
Comment: The short from 49 win 100 pips
3 months ago
Comment: ok. now is 47.50.
All position makes good profit
3 months ago
Comment:
snapshot

Very nice drop. big winner
2 months ago
Comment: Oil dropping nicely. Hit 45.00, +320 pips
2 months ago
Comment: Guys, Remember to take some profit
2 months ago
Comment:
snapshot
2 months ago
Comment:
snapshot

Nice price action
2 months ago
Trade closed manually: The latest short from 49 was stopped out at 50.20
So the total profit for this trade is: +320 - 120 = 200 pips.

I have updated a new idea to trade oil.

USOIL Going to touch the 1.618 inverse ext
2 months ago
Comment: Sorry, forgot to add the other losing position from 47.78, -140 pips.
So the total return for this trade is 320-120-140=60 pips.
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Cornhub
3 months ago
good luck Mr Jack
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deanferradaz
3 months ago
Done the same ;)
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Dguaman
3 months ago
Target?
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ntes
3 months ago
yuan zhang jia you, be careful of week line
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BorisMisale
3 months ago
Yeah amazing i've post exactly the same idea there is 2 hours ago, you are so inspiring. Thanks Jack
Oil ready to short soon

+2 Reply
tntsunrise TOP BorisMisale
3 months ago
@BorisMisale, same to you!
+1 Reply
yshen8168 PRO
3 months ago
A good trade, OIL will go down below $40.00. Today's up will last 2 days, and set up trap, and OIL will go down quite quickly.
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watsonzou26
3 months ago
Thanks for sharing, Jack.
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watsonzou26 watsonzou26
3 months ago
@watsonzou26, I am going to renter at $48.29. Guess oil should test that level.
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GoGreen
3 months ago
I am with you from 48.19
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HumairDawood
3 months ago
Oil has rockets from NASA right now
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szey
3 months ago
If OPEC makes a deal then it will hit 51 again, but if you do a day trade that maybe valid as what ever a "No Deal" news coming out before the meeting will send the oil down.
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Jor4hub
3 months ago
Good find !
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elmickster
3 months ago
When is the TP? at 50% retracement?
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THEREALNUGT
3 months ago
In at 48.25 with you sir thanks
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gestoert
3 months ago
Is short activ?
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elmickster gestoert
3 months ago
@gestoert, look like its about to jet up... i might stop loss and re enter at 49
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wang6866 elmickster
3 months ago
@elmickster, i'll wait around 48.5-49 to re-enter short.
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Chrisdiles
3 months ago
Do you have a TP and SL in mind?
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Calamity
3 months ago
Jack, what do you think 5020.7= 78.6% right shoulder, I want to short there
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CHamza
3 months ago
I'm long in from 44.80, why short ??
+4 Reply
elmickster
3 months ago
amazing pullback to margin call
+1 Reply
Quant
3 months ago
Thank for sharing. It appears the the head and shoulders bottom pattern formation should be respected. So should the 12 month count from trough to peak from previous 7 down cycles runs into Q12017. Late cycle tactical allocation of capital indeed. Trade well.
snapshot
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FawadJawed
3 months ago
again hit SL
+2 Reply
Pringem
3 months ago
I can not believe
+1 Reply
Pringem
3 months ago
Jack, where must be stop loss. Thank you
+1 Reply
chartmaster
3 months ago
that was not your initial idea?
+1 Reply
tntsunrise TOP chartmaster
3 months ago
@chartmaster, that is called multiple entry.
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chartmaster tntsunrise
3 months ago
@tntsunrise, I am not trying to be difficult here, not at all and I believe you are doing fantastic work.
But it is very confusing what you've done, given that stop losses should have been hit before you added to your position.
+1 Reply
tntsunrise TOP chartmaster
3 months ago
@chartmaster, they yellow box means structure. not for stop loss.
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Jor4hub tntsunrise
3 months ago
@tntsunrise, your YouTube video says otherwise lol
+2 Reply
Pringem
3 months ago
Jack, your e-mails arrive 2 or 3 hours late
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tntsunrise TOP Pringem
3 months ago
@Pringem, i didt send any email. that is tradingview's update email.
+1 Reply
Pringem tntsunrise
3 months ago
@tntsunrise, in other words, you take a decisión in your trading and your write your decision in tradingview´s 2 o 3 hours after. Any way Jack, thank you very much for share your ideas. I will like to take your course.
+1 Reply
tntsunrise TOP Pringem
3 months ago
@Pringem, some times yes. I am not alwasy log in to tradingview. i use tradingview to publish ideas and update ideas.
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birukvn1
3 months ago
My humble idea is that we shouldnt mess around with oil at least until next week, when the opec meeting is over. High chance is that the deal could be reached afterwards.
+1 Reply
tntsunrise TOP birukvn1
3 months ago
@birukvn1, yes you can choose to avoid the risky event.
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GoGreen
3 months ago
Today rebound in expected in interaday trading but must we take a short position or not, don't have good idea
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Calamity GoGreen
3 months ago
@GoGreen, I think we could know more when tomorrow euro market open , not today
+1 Reply
Pringem
3 months ago
Jack, are you still in this trade?. Thank you very much por your help
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tntsunrise TOP Pringem
3 months ago
@Pringem, I still in and just take profit of 100 pips for my shorts from 49. now still have the 48.20 trade open.
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yax22
3 months ago
great prediction:D. it is also some kind of cypher pattern between Otc.19th, Nov.9th, Nov.14th, Nov.22th, I am freshman in this area, could be wrong :).
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lindafx
3 months ago
I think there is more sideways movement before heading downside again.

snapshot
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tntsunrise TOP lindafx
2 months ago
@lindafx, dun think. trade it. base on ur chart, did u buy or u didnt? if u buy, where is ur SL? is your reward at least 2 times of your risk?
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Dguaman
3 months ago
Really nice i keep holding, with a 47 im happy :D !
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tntsunrise TOP Dguaman
3 months ago
@Dguaman, :)
+2 Reply
leeeon
3 months ago
Can you reveal you TPs? :)
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THEREALNUGT
3 months ago
That's why you're the best Jack
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Sharvan89
3 months ago
As per my analysis it will reach 39, what is yours?
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mlbo Sharvan89
2 months ago
@Sharvan89, agree
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watsonzou26
3 months ago
Definitely Jack is the best trader in tradingview. At lease one of them.
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pete_hef
3 months ago
Thanks you for watching and teaching!
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Pringem
3 months ago
Congratulations Jack
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al.calgary
3 months ago
Jack, don't you consider fundamental in your trading? what do you think about opec affect on oil when you are shorting it now? thanks
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tntsunrise TOP al.calgary
2 months ago
@al.calgary, no need to consider. Either two result: if news against me, i lose 2%, if news with me, i earn more than 4%. and if my trading winning ratio is above 33% percent, i still make money in the long run.
+1 Reply
manoes
3 months ago
Short?., let's we see how Oil will fly more upside ;)
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tntsunrise TOP manoes
2 months ago
@manoes, :) fly or sink doesnt matter. if you think oil is going up, where is buy entry?
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manoes tntsunrise
2 months ago
@tntsunrise, Now., My target 60$
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morphinestyle PRO
3 months ago
I believe that price reaches a potential turning point now.
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MindTrader
3 months ago
Same View.
WTI Crude
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mgdogan
3 months ago
Jack do you still see a short to 29 from here?
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leeeon mgdogan
3 months ago
@mgdogan Never chase the price, wait for a pullback or dont enter this trade :)
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SandroCaro17 PRO
3 months ago
are you still shorting
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THEREALNUGT
3 months ago
Looking forward to another dump
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mlbo
2 months ago
great. c u guy when oil hits the 38 area! $_$
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alanprotrader
2 months ago
Thanks Jack.

Really fundamentals doesn't matter while we are trading in a long term or intraday?
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tntsunrise TOP alanprotrader
2 months ago
@alanprotrader, you are right. fundamental are booster. but we dun trade base on fundamental.
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Fullmoon
2 months ago
We will hit 42,7 then need to watch the trend and movements for a potential entry Long
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Fullmoon
2 months ago
I closed the position already yesterday
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candri
2 months ago
Thanks for the update. So you believe the outcome of OPEC meeting won't be successful?
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tntsunrise TOP candri
2 months ago
@candri, no. i don't know what will happen. i only know, either i lose SMALL ,or I win big.
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theforexscrub
2 months ago
Im with u jack.... just keep swimming
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Calamity
2 months ago
Jack, dont u think this will go 50? it just complete c of gartley, when it passes B the price will move up even faster?
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tntsunrise TOP Calamity
2 months ago
@Calamity, maybe. once the B point is broken
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Calamity tntsunrise
2 months ago
@tntsunrise, Jack it has been broken
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Calamity Calamity
2 months ago
@Calamity, i mean not broken, typo
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Calamity tntsunrise
2 months ago
@tntsunrise, nice trade Jack
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tntsunrise TOP Calamity
2 months ago
@Calamity, same to u
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RamzyNoor04
2 months ago
Hello Jack, are you still short on this and what's your SL?
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tntsunrise TOP RamzyNoor04
2 months ago
@RamzyNoor04, already short. stop above 50
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RamzyNoor04 tntsunrise
2 months ago
@tntsunrise, thanks for the reply Jack. I hope to see the price going to 45 to cut my losses as OPEC agreed on the deal so it's going to rise more I think.
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tntsunrise TOP RamzyNoor04
2 months ago
@RamzyNoor04, i see. i hope u didnt short at 45.. dun chase the price
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RamzyNoor04 tntsunrise
2 months ago
@tntsunrise, unfortunately I had short positions at 45 so now waiting for a pullback to reduce the losses and then make a decision to go long or not. What do you suggest from here? I'm new to trading view and came across your webinars on YouTube, was impressed with your analysis. Thank you.
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princezulfi RamzyNoor04
2 months ago
@RamzyNoor04, if there is a deal will go up. better cover your short,
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RamzyNoor04 princezulfi
2 months ago
@princezulfi, yes it seems there's a deal I've covered some but waiting for inventory report in half an hour hoping it might push the price a little down before going further up.
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tntsunrise TOP RamzyNoor04
2 months ago
@RamzyNoor04, u cant do anything. coz u are already in loss. but u need to set a deadline to cut ur sl
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RamzyNoor04 tntsunrise
2 months ago
@tntsunrise, thanks I'll try to cut the loss as much as possible.
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Traznor
2 months ago
they have an agreement. why you sell again now ? :)
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RamzyNoor04 Traznor
2 months ago
@Traznor, I did not sell now, I was in sell since yesterday.
+1 Reply
sampo
2 months ago
Jack, we have seen already two retracement to 49 level... It might broke 49 and o up, correct? Why do you think about short? I just started trading, thanks in advance for your kind help
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tntsunrise TOP sampo
2 months ago
@sampo, it may break 49, then it will hit SL. then exit the trade. i am not concerned about one single trade's result.
+2 Reply
THEREALNUGT
2 months ago
I'm short with you Jack @ $49.00
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watsonzou26
2 months ago
short at 49.54.
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combi watsonzou26
2 months ago
Something I learned from mr. tntsunrise. SHORT (WTI on my platform at 50.24) Whay? 0.618 broken. I waited 0.786 level
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combi combi
2 months ago
hank you mr. tntsunrise for advice
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tntsunrise TOP combi
2 months ago
@combi, yes you are right
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kombik00
2 months ago
SL?
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tntsunrise TOP kombik00
2 months ago
@kombik00, currently my sl at 50.20
+1 Reply
Fullmoon tntsunrise
2 months ago
My sl at 50.50 . I think it will get executed since the market has quite strong momentum. How do you see that? Will you short at 50.2 again
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rohita77
2 months ago
Really appreciate the fact that you are transparent in your losing trades as well
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