magnans
Short

H&S in 15min on WTI

FX:USOIL   Crude Oil (WTI)
228 4 1
1st Target around 42
2nd target 40

*CRUDE OIL             INVENTORIES ROSE 4.67 MLN             BARRELS, EIA             SAYS


More than expected
now what?
Reply
magnans wayne7
Now nothing.. Time to pass on something else, did not work... (was a 15min chart, so if it does not work on the next two hours... not good..)
Reply
curious how you determined your targets?
Reply
magnans Market_Masta
Usually I take the distance from top of the head to the neck line. Then I report it and take the same distance from the neck line to the target. I was a bit lazy on this one.. :)
My confirmation point was the neck line then, if it stay below I move my stop loss just above the neck line.
I always try to have a Risk/Ratio > 2.

However this was a lose trade... :)
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out