tntsunrise
Short

Oil in a range boundary (1H short Entry)

FX:USOIL   Crude Oil (WTI)
3413 26 100
Oil             in a range boundary

Now the price is at the 200% again
but rejected nicely
I short oil             this mroning at 45.90
And My target is 44.60 and 43.30
RSI gives me confirmation as well.
Comment:
snapshot

For thoese who missed the short this morning.
Now is a good place to open trade.
Pull back to 0.618 level
Comment:
snapshot

Boom! Two Target both hit.
from 45.90 to 43.50, 240 pips
Comment: After TP2 is reached. Price rallied. but we already Take our profit!
That's the beauty of a well planned trade.
You know exactly where you want to take profit and you should stop loss
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Thanks Jack, what SL would you recommend?
Reply
LOOK LEFT.
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I shorted oil last night at 2 am,it took more than 8 hours to get to 45.14 and it took 10 minutes to go back to the same point it was last night.Im no professional not even close but this tell me is risky to short oil
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tntsunrise TOP ieducswesps
you dont measure a trading plan risky or not risky. measue by the risk/reward ratio, measure by how many reasons you have to open that trade. ask yourself do you want to risk 2% for this trade, if yes, you go with the plan. if not, don't trade and find another plan.
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val_trader tntsunrise
It was easier to long this morning from 45.13 to 45.70...
Reply
ieducswesps val_trader
And that told me that the market is bulish,please dont curse at me,im here to learn.But i was just saying a oppinion,i hope i havent offended Jack,that wasnt my intentions.
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ieducswesps tntsunrise
I was in the short by the way,i didnt closed my positions and it turned out good,i was just saying,im not a professional trader,not even close,but what happened from last night till today told me that oil is bullish.Thanks for your help Jack,i appreciate your efforts to teach us.
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Is shorting oil still valid ?
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what is your target up now?

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CLOSED AT 43.50
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Do you think here might be a good long?
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Nope. Daily Chart is going to form a double top.
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Very interesting ,i'm learning from you .
Thank you sir
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welcome to take my course in june. I will teach you to become a pro-trader
+2 Reply
ieducswesps tntsunrise
Thanks Jack.
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AYosof tntsunrise
I am in when and where is that?
+1 Reply
AYosof tntsunrise
at which suipport would you long now?
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Satoshi23 tntsunrise
do you have a one time course or you have daily webinars and setup analysis?thank you
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Nice one!
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Wow!
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very good work Sir
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Are you expecting it to continue to drop through night and tomorrow during NY day trading hours?
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tntsunrise TOP AlphaDreams
I don't care already. 1st: Already take profit at target 1 and target 2, rest position move SL to break even. so this trade turned to be a risk-free trade.
Whether it continue to drop, or reverserd up, it doesnt matter.
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AYosof tntsunrise
what is your expectation based on analysis?
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no expectation. I have 1300 short. I dun care where market goes. if continue fall, i make more money. if pulls back, i got better place to sell again
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sry. 1300 is for gold. i have 45.90 short.
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