Trading Ideas
OIL Daily Trade Plan
Sat, 24 Jun 2017 12:24:36 -0500
Oil has reacted extremely well to Harmonic Zones. 4/5 last trades have been successful. Hopefully I didnt jinx this trade set-up. Trade Plan: Late for the Type 1 Reaction Trade on the daily Time Frame. ( Will be looking on a lower TF for a Pullback to enter the Type 1 Trade) If we get an opportunity to go long we will hold the trade until a close below the red trend line. Price usually retests the reversal zones. On a re-test re-enter long. For the Type 2 Harmonic Trade. Note: Price usually returns to the Tunnel during the 3-4 leg. Sequence of Wavy Tunnel Trades We will also be taking. PF: Price to Filter ( green 12 EMA ) PW: Price to Wave ( Purple 34 EMA High Low Close ) FG: FIll the gap Trade ( A close above the wave triggers a trade to the Tunnel 144 and 169 EMA. Note : Price usually retraces after the first close above the wave We like to enter this trade on a 123 pattern but an alternative enter can be on a trend line break of the 1-2 leg of the 123 pattern ) BO4: Breakout 4 Trade ( The best case would be if price goes to the Tunnel and enter on the first candle close off the tunnel called the tunnel bounce On a shallow wave 4 completion we can enter the trade short on a trend line break to follow price to Wave 5 completion and Crab Potential Reversal Area) Note: These are not trade recommendations or signals. Trade responsibly and to your own trade plan.
Sat, 24 Jun 2017 10:13:26 -0500
If this is the bottom, could be the completion of the right shoulder of a multi-year inverted head and shoulder. Hight of pattern takes us to 80+
crude oil idea shared by sajeebsohan
Sat, 24 Jun 2017 05:18:20 -0500
courd oil long idea share....
USOIL going up or down £!!
Sat, 24 Jun 2017 04:10:44 -0500
wait for a bullish breakout, clear chart, try to understand and make your own decision, good luck.
US OIl/Crude Oil
Fri, 23 Jun 2017 22:50:37 -0500
I am not convinced that Down trend is over for Oil . If we look at the daily candles then we probably see that they are not strong enough and more importantly they are inside bar.So I am calling For a Sell from 43.10-43.20 to --------- we can see a doji or big lower shadow or hammer something like that.
$43 is not the bottom
Fri, 23 Jun 2017 22:31:19 -0500
Hello. Crude has been stuck in a range for months which it failed to break up out of and recently broke down and started making new lows. Previously when oil broke down bottom only came after weeks/months of dropping. Therefore I am predicting the bottom is NOT $42 but will be around $38 and we will hit it before end of summer. Have a nice day.
42 is WEEKLY support. We now have rebound... Time to call bottom
Fri, 23 Jun 2017 20:50:35 -0500
Channels and support are on graph. 42 level is a major support and also completes long term Head and shoulders reversal pattern. LETS GET PIPS. Fuck last week i'm ready for volatility.
Oil Idea
Fri, 23 Jun 2017 18:05:46 -0500
Looking for an impulse and buy signal
Fri, 23 Jun 2017 17:33:52 -0500
Fri, 23 Jun 2017 14:38:06 -0500
-not below level
Strong support area
Fri, 23 Jun 2017 11:22:49 -0500
Due for a bounce
Long WTI - channel bottom
Fri, 23 Jun 2017 10:35:36 -0500
Technical: Bullish case: channel bottom and severely disconnected from moving averages. We see potential closing above a down-trend for the first time in 5 weeks (above 42.96 to accomplish this). If pattern holds, find yourself at the top of the channel (~49.25) within 2.5 to 4 weeks as the spike is has historically been faster than the fall. Bearish case: Below this channel and we may fall into "no-man's land". Could short below $42.50. Lots of resistance levels between 42.50 and 49.25. Fundamental: Bullish case: summer driving months, opec, saudi ipo on deck Bearish case: continued oversupply, any build or overestimated draws could drag the price down - I am long - 42.00 stop-loss.
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