tntsunrise
Short

USOIL pull back to 0.618 level and good to short

TVC:USOIL   WTI CRUDE OIL
15498 100 190
16 days 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.
16 days ago
Comment:
snapshot
15 days ago
Comment: The short from 49 win 100 pips
15 days ago
Comment: ok. now is 47.50.
All position makes good profit
10 days ago
Comment:
snapshot

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

Nice price action
6 days 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
6 days 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.
Join Projack's Student Group, Learn How to Trade Professionally.
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
FB: https://www.facebook.com/groups/projacksg/
Cornhub
16 days ago
good luck Mr Jack
Reply
deanferradaz
16 days ago
Done the same ;)
Reply
Dguaman
16 days ago
Target?
Reply
ntes
16 days ago
yuan zhang jia you, be careful of week line
Reply
BorisMisale
16 days 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
16 days ago
@BorisMisale, same to you!
+1 Reply
yshen8168 PRO
16 days 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.
Reply
watsonzou26
16 days ago
Thanks for sharing, Jack.
Reply
watsonzou26 watsonzou26
16 days ago
@watsonzou26, I am going to renter at $48.29. Guess oil should test that level.
Reply
GoGreen
16 days ago
I am with you from 48.19
Reply
HumairDawood
16 days ago
Oil has rockets from NASA right now
Reply
szey
16 days 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.
Reply
Jor4hub
16 days ago
Good find !
Reply
elmickster
16 days ago
When is the TP? at 50% retracement?
Reply
THEREALNUGT
16 days ago
In at 48.25 with you sir thanks
Reply
gestoert
16 days ago
Is short activ?
Reply
elmickster gestoert
16 days ago
@gestoert, look like its about to jet up... i might stop loss and re enter at 49
Reply
wang6866 elmickster
16 days ago
@elmickster, i'll wait around 48.5-49 to re-enter short.
Reply
Chrisdiles
16 days ago
Do you have a TP and SL in mind?
Reply
Calamity
16 days ago
Jack, what do you think 5020.7= 78.6% right shoulder, I want to short there
Reply
CHamza
16 days ago
I'm long in from 44.80, why short ??
+4 Reply
elmickster
16 days ago
amazing pullback to margin call
+1 Reply
Quant
16 days 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
Reply
FawadJawed
16 days ago
again hit SL
+2 Reply
Pringem
16 days ago
I can not believe
+1 Reply
Pringem
16 days ago
Jack, where must be stop loss. Thank you
+1 Reply
chartmaster
16 days ago
that was not your initial idea?
+1 Reply
tntsunrise TOP chartmaster
16 days ago
@chartmaster, that is called multiple entry.
Reply
chartmaster tntsunrise
15 days 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
15 days ago
@chartmaster, they yellow box means structure. not for stop loss.
Reply
Jor4hub tntsunrise
15 days ago
@tntsunrise, your YouTube video says otherwise lol
+2 Reply
Pringem
16 days ago
Jack, your e-mails arrive 2 or 3 hours late
Reply
tntsunrise TOP Pringem
16 days ago
@Pringem, i didt send any email. that is tradingview's update email.
+1 Reply
Pringem tntsunrise
15 days 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
15 days ago
@Pringem, some times yes. I am not alwasy log in to tradingview. i use tradingview to publish ideas and update ideas.
Reply
birukvn1
15 days 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
15 days ago
@birukvn1, yes you can choose to avoid the risky event.
Reply
GoGreen
15 days ago
Today rebound in expected in interaday trading but must we take a short position or not, don't have good idea
Reply
Calamity GoGreen
15 days ago
@GoGreen, I think we could know more when tomorrow euro market open , not today
+1 Reply
Pringem
15 days ago
Jack, are you still in this trade?. Thank you very much por your help
Reply
tntsunrise TOP Pringem
15 days 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.
Reply
yax22
15 days 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 :).
Reply
lindafx
15 days ago
I think there is more sideways movement before heading downside again.

snapshot
Reply
tntsunrise TOP lindafx
8 days 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?
Reply
Dguaman
15 days ago
Really nice i keep holding, with a 47 im happy :D !
Reply
tntsunrise TOP Dguaman
15 days ago
@Dguaman, :)
+2 Reply
leeeon
15 days ago
Can you reveal you TPs? :)
Reply
THEREALNUGT
15 days ago
That's why you're the best Jack
Reply
Sharvan89
15 days ago
As per my analysis it will reach 39, what is yours?
Reply
mlbo Sharvan89
8 days ago
@Sharvan89, agree
Reply
watsonzou26
15 days ago
Definitely Jack is the best trader in tradingview. At lease one of them.
Reply
pete_hef
15 days ago
Thanks you for watching and teaching!
Reply
Pringem
15 days ago
Congratulations Jack
Reply
al.calgary
14 days 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
Reply
tntsunrise TOP al.calgary
8 days 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
14 days ago
Short?., let's we see how Oil will fly more upside ;)
Reply
tntsunrise TOP manoes
8 days ago
@manoes, :) fly or sink doesnt matter. if you think oil is going up, where is buy entry?
Reply
manoes tntsunrise
7 days ago
@tntsunrise, Now., My target 60$
Reply
I believe that price reaches a potential turning point now.
Reply
MindTrader
11 days ago
Same View.
WTI Crude
Reply
mgdogan
10 days ago
Jack do you still see a short to 29 from here?
Reply
leeeon mgdogan
10 days ago
@mgdogan Never chase the price, wait for a pullback or dont enter this trade :)
Reply
are you still shorting
Reply
THEREALNUGT
10 days ago
Looking forward to another dump
Reply
mlbo
8 days ago
great. c u guy when oil hits the 38 area! $_$
Reply
alanprotrader
8 days ago
Thanks Jack.

Really fundamentals doesn't matter while we are trading in a long term or intraday?
Reply
tntsunrise TOP alanprotrader
8 days ago
@alanprotrader, you are right. fundamental are booster. but we dun trade base on fundamental.
Reply
Fullmoon
8 days ago
We will hit 42,7 then need to watch the trend and movements for a potential entry Long
Reply
Fullmoon
8 days ago
I closed the position already yesterday
Reply
candri
7 days ago
Thanks for the update. So you believe the outcome of OPEC meeting won't be successful?
Reply
tntsunrise TOP candri
7 days ago
@candri, no. i don't know what will happen. i only know, either i lose SMALL ,or I win big.
Reply
theforexscrub
7 days ago
Im with u jack.... just keep swimming
Reply
Calamity
7 days 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?
Reply
tntsunrise TOP Calamity
7 days ago
@Calamity, maybe. once the B point is broken
Reply
Calamity tntsunrise
7 days ago
@tntsunrise, Jack it has been broken
Reply
Calamity Calamity
7 days ago
@Calamity, i mean not broken, typo
Reply
Calamity tntsunrise
7 days ago
@tntsunrise, nice trade Jack
Reply
tntsunrise TOP Calamity
7 days ago
@Calamity, same to u
Reply
RamzyNoor04
7 days ago
Hello Jack, are you still short on this and what's your SL?
Reply
tntsunrise TOP RamzyNoor04
7 days ago
@RamzyNoor04, already short. stop above 50
Reply
RamzyNoor04 tntsunrise
7 days 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.
Reply
tntsunrise TOP RamzyNoor04
7 days ago
@RamzyNoor04, i see. i hope u didnt short at 45.. dun chase the price
Reply
RamzyNoor04 tntsunrise
7 days 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.
Reply
princezulfi RamzyNoor04
7 days ago
@RamzyNoor04, if there is a deal will go up. better cover your short,
Reply
RamzyNoor04 princezulfi
7 days 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.
Reply
tntsunrise TOP RamzyNoor04
7 days ago
@RamzyNoor04, u cant do anything. coz u are already in loss. but u need to set a deadline to cut ur sl
Reply
RamzyNoor04 tntsunrise
7 days ago
@tntsunrise, thanks I'll try to cut the loss as much as possible.
Reply
Traznor
7 days ago
they have an agreement. why you sell again now ? :)
Reply
RamzyNoor04 Traznor
7 days ago
@Traznor, I did not sell now, I was in sell since yesterday.
+1 Reply
sampo
7 days 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
Reply
tntsunrise TOP sampo
7 days 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
7 days ago
I'm short with you Jack @ $49.00
Reply
watsonzou26
7 days ago
short at 49.54.
Reply
combi watsonzou26
7 days ago
Something I learned from mr. tntsunrise. SHORT (WTI on my platform at 50.24) Whay? 0.618 broken. I waited 0.786 level
Reply
combi combi
7 days ago
hank you mr. tntsunrise for advice
Reply
tntsunrise TOP combi
7 days ago
@combi, yes you are right
Reply
kombik00
7 days ago
SL?
Reply
tntsunrise TOP kombik00
7 days ago
@kombik00, currently my sl at 50.20
+1 Reply
Fullmoon tntsunrise
6 days 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
Reply
rohita77
6 days ago
Really appreciate the fact that you are transparent in your losing trades as well
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out