Just bought USOIL - now looking for the bigger upside swing. Up to around 41/barrel.
Going to be watching the $33 - 34ish level where I'll take off a part of my position, and just let the rest ride to the final target (depending on how price develops, of course).
Stop has just been moved up to protect this position, so wait for an entry confirmation based on YOUR strategy. Oil is a buy only commodity at this point
@Elikone, I prefer to tp before traffic zones/ gap fills :) Just something I've learned through my testing
Elikone
⋅
@ConcordiaInvesting, good play, you were right. it just formed the 1,2 waves. do you see wave 3 at 34?
Irish82
⋅
You sure about this one? I actually had it losing value to as low as 20. I could have read wrong though
liquiditytrading
⋅
@Irish82, definitely still a possibility! That's actually my main idea - just had a nice entry setup today, so decided to take it. I took some partials at $30.30 and just got stopped out for B/E. So now waiting on it to reveal itself some more