markuspd
Long

Buy when Chinkou breaks through top line of cloud, if it does.

FX:USOIL   Crude Oil (WTI)
85 0 3
Br             ready to buy if the chinkou breaks through the flat top of the cloud but there is big resistance there.
Could be some huge upside if it manages to break through which I think it might in the next 10 mins.
It has tried various times only to retrace a bit.
I got in this trade earlier and made good pips, I am out now and ready to buy again but only if we break through the cloud and I will not necessarily wait for it to close outside the cloud.
If it does not break through the cloud there is no trade.
Comment: Also there could be an opportunity to short soon but I wont be taking it, I think we are sideways for some time if it doesnt break out ill watch it for a few days and reassess..
Comment: I wont be opening a position on this trade tonight as it doesn`t look like a lot will happen overnight anyhow.
Trade closed: target reached: Trade went perfectly all the way to 50 but I missed this one due to needing an early start for work this morning, would have been one of my biggest wins to date..
Comment: Currently another buying opportunity will break $50 imo.
Comment: I am now waiting on an opportunity to short oil, there is a lot of resistance around 49.50.
I am looking for the price to break down through the ks and for it to point downward.
Also watching CS when it goes down through price.

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