Both monthly and weekly outlooks are for oil , and we have just had a nice reaction in the daily on 28 January 2016. Those who went short at the previous low have had an immense profit, and now it is time for conservative traders to catch the second rally.
Comment: Unfortunately I have to wait for an extra hour to go short because of the market hours provided by my broker. Here's my order:
Trade active: Details here: http://project1000x.blog.com/2016/02/04/trial-2-trade-1/
Comment: Move S/L to B/E.
Comment: Move S/L to 30.7. The loss from the first trial already recovered. Looking for more.
Comment: Move S/L to 27.68. It seems we are having an ending diagonal formed in 5m. The end of the diagonal may hit the LMLH shown below. If any of those two events occurs, I will close the trade manually.
Trade closed manually: Might re-enter.