tntsunrise
Short

USOIL pull back to 0.618 level and good to short

TVC:USOIL   Crude Oil (WTI)
15718 100 192
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:
snapshot
Comment: The short from 49 win 100 pips
Comment: ok. now is 47.50.
All position makes good profit
Comment:
snapshot

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

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.

USOIL Going to touch the 1.618 inverse ext
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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good luck Mr Jack
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Done the same ;)
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Target?
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yuan zhang jia you, be careful of week line
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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
@BorisMisale, same to you!
+1 Reply
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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Thanks for sharing, Jack.
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watsonzou26 watsonzou26
@watsonzou26, I am going to renter at $48.29. Guess oil should test that level.
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I am with you from 48.19
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Oil has rockets from NASA right now
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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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Good find !
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When is the TP? at 50% retracement?
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In at 48.25 with you sir thanks
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Is short activ?
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elmickster gestoert
@gestoert, look like its about to jet up... i might stop loss and re enter at 49
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wang6866 elmickster
@elmickster, i'll wait around 48.5-49 to re-enter short.
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Do you have a TP and SL in mind?
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Jack, what do you think 5020.7= 78.6% right shoulder, I want to short there
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I'm long in from 44.80, why short ??
+4 Reply
amazing pullback to margin call
+1 Reply
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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again hit SL
+2 Reply
I can not believe
+1 Reply
Jack, where must be stop loss. Thank you
+1 Reply
that was not your initial idea?
+1 Reply
tntsunrise TOP chartmaster
@chartmaster, that is called multiple entry.
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chartmaster tntsunrise
@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
@chartmaster, they yellow box means structure. not for stop loss.
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Jor4hub tntsunrise
@tntsunrise, your YouTube video says otherwise lol
+2 Reply
Jack, your e-mails arrive 2 or 3 hours late
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@Pringem, i didt send any email. that is tradingview's update email.
+1 Reply
Pringem tntsunrise
@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
@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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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
@birukvn1, yes you can choose to avoid the risky event.
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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
@GoGreen, I think we could know more when tomorrow euro market open , not today
+1 Reply
Jack, are you still in this trade?. Thank you very much por your help
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@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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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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I think there is more sideways movement before heading downside again.

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

Really fundamentals doesn't matter while we are trading in a long term or intraday?
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tntsunrise TOP alanprotrader
@alanprotrader, you are right. fundamental are booster. but we dun trade base on fundamental.
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We will hit 42,7 then need to watch the trend and movements for a potential entry Long
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I closed the position already yesterday
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Thanks for the update. So you believe the outcome of OPEC meeting won't be successful?
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@candri, no. i don't know what will happen. i only know, either i lose SMALL ,or I win big.
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Im with u jack.... just keep swimming
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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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@Calamity, maybe. once the B point is broken
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Calamity tntsunrise
@tntsunrise, Jack it has been broken
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Calamity Calamity
@Calamity, i mean not broken, typo
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Calamity tntsunrise
@tntsunrise, nice trade Jack
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@Calamity, same to u
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Hello Jack, are you still short on this and what's your SL?
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tntsunrise TOP RamzyNoor04
@RamzyNoor04, already short. stop above 50
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RamzyNoor04 tntsunrise
@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
@RamzyNoor04, i see. i hope u didnt short at 45.. dun chase the price
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RamzyNoor04 tntsunrise
@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
@RamzyNoor04, if there is a deal will go up. better cover your short,
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RamzyNoor04 princezulfi
@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
@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
@tntsunrise, thanks I'll try to cut the loss as much as possible.
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they have an agreement. why you sell again now ? :)
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@Traznor, I did not sell now, I was in sell since yesterday.
+1 Reply
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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@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
I'm short with you Jack @ $49.00
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short at 49.54.
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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
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combi combi
hank you mr. tntsunrise for advice
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@combi, yes you are right
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SL?
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@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
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Really appreciate the fact that you are transparent in your losing trades as well
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