moorekapital

USOIL: TRADING RANGE MODE ACTIVATED

FX:USOIL   Crude Oil (WTI)
250 1 13
6 months ago
TR             Mode Activated..........

Definitions
_______________________________________________________________________________________________________________________________________________________________________________
UTL=UpTrendline = A line from the Lowest Low, upward and to the highest minor low point preceding the Highest High so that the line does not pass through prices in between
these two points.
DTL=DownTrendline = A line from the highest high point downward to the lowest minor high point preceding the lowest low so that the line does not pass through prices in between these two high points.
SX/BX =Sell Climax/Buy Climax
BO=Breakout
BOL=Breakout limit (Determined when price seize to make a new high/low in 5 bars since the last high/low following the initial rally/selloff after TL BO)
LH MTR = Lower High Major Trend Reversal = Leg up following the 'BOL' gets close to 'BX'
HH MTR=Higher High Major Trend Reversal = Leg up following the 'BOL' exceeds 'BX'
LLMTR = Lower Low Major Trend Reversal = Leg down following the 'BOL' exceeds 'SX'
HL MTR= Higher Low Major Trend Reversal =Legdown following the 'BOL' only gets close to 'SX'
TR = Trading Range (Tradable legs implied)
_________________________________________________________________________________________________________________________________________________________________________
The Logic
1. Trend trading until the weight of evidence tells of the absence of the trend.
2. And to trade the potential legs within the trading range, when price finally breaks the trendline, and enters into a tradable trading range, until there's a trading range breakout- continuation or reversal.

USOIL: TIGHT BULL CHANNEL. WHERE


6 months ago
Comment: Test of BOL underway
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6 months ago
Comment: Regarding that the initial minor rally from BOL to HH MTR showed a strong Buying pressure, 'Blue zone' becomes a good zone for a possible buy. That notwthsatnding we're still in a trading range, and legs- both up and down- would always seem to be the leg that would lead to the final breakout. But until then, we're still in a trading range.
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6 months ago
Comment: 5mins. This is interesting!; )
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6 months ago
Comment: Still in TR
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6 months ago
Comment: TRUE/FALSE BO
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6 months ago
Comment: 1H Looking like a DT
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6 months ago
Comment: 3PUSHES=WEDGE TOP
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6 months ago
Comment: HH MTR :
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6 months ago
Comment: Broke out of TR but bad follow through , and the rally luks wedgy :P
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6 months ago
Comment: The magnetism of 50 !
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6 months ago
Comment: Is this the start of the fall...?
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6 months ago
Comment:
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6 months ago
Comment: L2 short= micro DT
Pretty tight stop. Good reward, if it happens.
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6 months ago
Comment: Awesome! ^_^
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6 months ago
Comment: Potential short zone
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6 months ago
Comment: Has it begun
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6 months ago
Comment: Thinking targets......Now that risk is out of way(Breakeven stop)
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6 months ago
Comment: Be mindful of yesterday's lows
6 months ago
Comment: Are we not channelling down......?
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6 months ago
Comment: Clean chart!
BUYERS LURK AROUND YESTERDAY'S TAILS !!!!
Now, Should we trade below yesterday's lows, and should we trade below 20MA on the daily, = A nice top formation could be said to be in
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Currently doing trading, full time for a living. I invite you to share in my private funds management. Minimum Capital: $10 000USD.
CONTACT: moorekapital@gmail.com or PM me for a discussion today! https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
ZenTrader17
6 months ago
thanks for sharing. is this an automated signal / system??
Reply
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