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Media reports that "bearish EIA data" is responsible for the decline in US and and UK oil. May be but whatever
The way I see it is after that news, there was a short signal. I was already in, myself, and this just escalated my position.
I like trading both TVC:USOIL and TVC:UKOIL
Have any insights, suggestions or oil trading tips? I'd LOVE to hear them!...
I managed to trade this short twice already and should still be in this trade. There is not much volume right now on the pair but thats partly why I like it. Less manipulated.
This is a continuation of analysis done two weeks ago and this week. Re entering short on current retrace up.
What do you think about CADCHF? Any fundamental reasons I am wrong or...
Been watching USDCAD for sometime and find it may be about ready to go a trending (again).
Long term macD has been a good signal for this pair and is about to signal a buy again. The momentum builds and after CAD news tomorrow.....might be the catalyst.
"The Washington Post came out with a news report on early Monday saying that the US State Department is set to announce that all countries will have to completely end their imports of Iranian oil or be subject to U.S. sanctions.
The report further states that the US action is an escalation of the Trump administration’s “maximum pressure” campaign, which seeks to...
as mentioned in prior analysis, I short this pair due to every trader out there trading it long. "It's on a key level" or "insert chart pattern".
I've been thinking in terms of knowing that everyone else sees the same thing I do, so where are the banks gonna take price. This is an example.
Drew in some ghost candles on this one and look to use them more.
Yes, this pair is on a key level. Everyone sees the same thing, which brings out a contraian approach on this pair.
While price might go up for the next session, longer term I see it to continue to fall.
They want OANDA:EURNZD to trade at a lower level.
With price moving news coming in two days, I don't expect OANDA:XAUUSD to move too crazy, but do see it moving.
Not sure if I'll hold this trade through the Fed news, but will look to exit before and possibly enter after.
Those are my thoughts for the next couple days.
Probably one of the strongest moves I've seen today is in OANDA:XAGUSD ; however, I've not looked at every instrument.
Nonetheless, Silver is on a strong move long. Not sure how much longer, though. As I write this, it seems to be losing steam. Thought that earlier, though, too.
Entered a long yesterday 3/4 and dont feel it's time to close it just yet. While many would say that it shows a giant "bear flag", I do not believe in such things. In the long term, they will fail.
Long till I win or lose the trade.
Haven't been posting much but will try to more for my personal records as well as to contribute to other's trading journey.
Currently in a short from Friday morning. In profit but a late trade I shouldn't have taken. Took it because we were at the end of the value area of the volume profile, but took it later than I should've. Looking to enter long sometime...
I don't often trade this cross but this looks like a clean set up.
There are two trendlines and one has been broken. A lot of volume right at price, about to push it higher.
A bit of a bullish flag has formed, too
Long, Tuesday 10:45 A.M. 12-18