Here is the oil breakdown video. I go into a rant which I am sorry about but the lack of trader psychology and close mindedness when it comes to market pattern set up annoys me deeply.
Hope you guys enjoy.
Oil Long Position
TP & RR: $54.12 (2.49)
Stop Loss: $52.76
REASONS FOR THE TRADE
If you followed my trade idea from yesterday, then you should have an open short position at $53.55. I was expecting a lower high, but instead, the price formed a double top. Our SL wasn't hit.
Anyway, I believe a new uptrend channel has formed and in order to...
WTIUSD or Crude Oil or USOil Long Idea from our strong Support Level.
Trading Levels : »53-52 | 51-50 »Risk=0.5point | TP = 54.5
Fundamental Imp—As predicted more stimulus talk $1.9 Trillion by Biden push OIL in bull mode from our levels, next TP=54.50/56.00
PREVIOUS RESULT—Enjoy PRECISE LEVEL1=52.2 to 53.8=1.6point gain=24hrs
So oil is coming up to our shorting region, due to this I have done a technical analysis video for you all to watch.
This video shows that trading is simple but only if you keep it that way.
-Use previous price action and market structure to create set ups and opportunities
-Use higher time frames to get the full picture
-Keep the charts plain and simple
Quick update on usoil...
We are still pushing higher as predicted and looking very like to come to our short region...Due to the bullish candles I have highlighted I believe this will come through in a few days time.
Big things to come for 2021 so follow this page.
Called this lovely long last week. I stated a drop in oil would come back towards $47 as this was major support and once this had happened we would carry on towards $50 which we have done perfectly. I am bearish on oil for the start of this year due to the continuation of COVID. I could see oil picking up in Q2/Q3.
I believe oil will start ranging for a while...
This MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful .
The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the...
Playing out to perfection...We got well into 200 pips profit at one point but pull backs are happening and have not secured any profit yet (pull backs happen with every trade). Providing a third opportunity now to enter another position.
I wanted to go into the lower time frame to show how well my levels have worked but it just makes the chart look...