USOIL pull back to 0.618 level and good to short

TVC:USOIL   CFDs on WTI Crude Oil
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.
Comment: The short from 49 win 100 pips
Comment: ok. now is 47.50.
All position makes good profit
Very nice drop. big winner
Comment: Oil dropping nicely. Hit 45.00, +320 pips
Comment: Guys, Remember to take some profit
Nice price action
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.

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.
To lean Jack's Full Trading System:
Weechat ID: 32114564
Really appreciate the fact that you are transparent in your losing trades as well
@kombik00, currently my sl at 50.20
+1 Reply
Fullmoon tntsunrise
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
short at 49.54.
combi watsonzou26
Something I learned from mr. tntsunrise. SHORT (WTI on my platform at 50.24) Whay? 0.618 broken. I waited 0.786 level
combi combi
hank you mr. tntsunrise for advice
@combi, yes you are right
I'm short with you Jack @ $49.00
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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