Hi Guys, this is an attempt to detail my process for finding profitable trading opportunities in accordance with my small capital. It will be an on-going task and I am not yet sure how to structure it. I will start with a post and try to follow it up, All likes, comments, suggestions & reccomendations are very much welcome. For example, by looking at the above...
Crude OIL is right now in a really important area. Fundamentally, Opec is currently made a statement of cutting the supply side, but the world economic slowdown is suspected by some. Due to that oil price is not really spiking up in price. Technically, OIl is right now really important and interesting price area. $57.60 per barrel was previously strong support...
USDCAD Short Below 1.3522 As far as now it is below 1.3522... Odds are it will turn down towards 1.342 and 1.33. Good luck!
Repeat The History!!!!! Simple & Clear! In Trading often old supports and resistances are used for trading.. And so is the case with my this setup.... Prices fallen exactly from old highs and going exactly to same lows it made last time.. (plz. check left of chart and red horizontal lines) Buy limit: 57.5 Stop Out: 53 Take Profit: As per your appetite :)
The main chart shows the daily timeframe perspective of the black gold (WTI) in which it can be seen that the price has been confined in a channel respected on multiple occasions! The red horizontal lines represent the nearby support and resistance levels drawn from the monthly charts. Technically should the channel break (the daily candle closing convincingly...
USOIL seems to be in a falling wedge. This pattern seems to be formed but not ready to break yet, think the black gold will drop a little more before make some gains. Will update later on if this wedge is holding or broke, if it closes in like expected this could be a good trade opportunity. Thanks for reading and I would appreciate some feedback!
Last week Crude Oil sentiment was a bearish one. Looking at the chart, we can expect a continuation of bearish sentiment going into next week. Perhaps on the latter part of the week, we could reach demand level; Therefore we expect price to push back to $73 in the following week. Have a great weekend, folks! Cheers!
Hello Traders! Oil has me excited now because patterns are becoming very clear, I have bee waiting on this pattern formation for months!!! Anyway lets get to the nitty and gritty. What we have here is a Libra pattern, courtesy of Jack AKA tntsunrise as is his TV name. Encourage all to follow him, Great trader. currently top on TV. I learned this trading pattern...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment! Underlying: USOIL Time frame: 1W What Has Happened So Far: Last week I posted a chart on the weekly time frame talking about the potential for the price to still increase in oil. The reason behind that was that the...
The sells offs in oil are gaining momentum. A nice, weak retracement back to around 53 would make for a potentially favorable short. Let's see if it can reach that area first....
Okay 1hr fib has been retraced to the 61.8%, At the current time of publishing stochastics oversold on the 15 minute, overbought on the one hour. This could hold at $44.72 and go lower but we do have a channel support half way into the channel. Waiting for volume to show the direction of the market.
Wait for pullback. I think the oil is going lower, And why not getting some money for your wife's christmas gift? :) We wait for the price testing the trend. If it wants to go through EMA and trendline, set your entry-price (for short) at the place the price went trough the EMA. And wait wait for the price going back. We see a example at the first lightblue...
It is clear the world needs cheaper oil prices not only does this put pressure on those middle eastern countries that were using oil proceeds to fund terrorism but this sends a clear message to the Eastern powers that the world will not stand by idly while foreign nations invade each other to benefit from commodity prices. Commodities are still priced in US...