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Update on Short Entries & Implementation of Risk AssimilationAll short limits should have filled to a short holding of 1.2 standard contract - averaging $37.325 Position dynamics explained on chart. I will be implementing the Risk Assimilation matrix outlined on the chart (Black box). This is a money management technique used to securing a position without the use of stop losses. Currently place limit sells at 10k @ $38.20 10k @ $38.30 10k @ $38.40 Place limit TPs @ $37.00 for 30k of short holdings, ONLY If ABOVE LIMIT SHORT ENTRIES ARE FILLED. I will strictly adhere to the following Risk Management requisite:- Over all position Risk on a $10,000 account will be held between (-12%to -15%). reward from ($37.5 entry --> $32.5 target) around +50% on a 10,000 account. Take Care & Stay Safe
TVC:USOILShort
by Summerset
4
Buying Oil corrective leg in Wedge formationaccumulate limit long for 1/2 contract size as follows limit 10k buy @ $36.00 limit 10k buy @ $35.90 limit 10k buy @ $35.80 limit 10k buy @ $35.70 limit 10k buy @ $35.60 limit 10k buy @ $35.50 Target for all @ $37.80 No stops - prepare to hedge shorts @ $34.00. Risk : Reward, about 1:1. Don't chase the market. If you miss the trade, remember its a Friday, and you might not want to close the week on a bad note. Take Care & Stay Safe
TVC:USOILLong
by Summerset
4
Using the coming Correction in 3ivThere is a 5 wave motive clear now on the hourly with the above count possibilities. If you are a conservative trader, it is best to use the conservative count (1-5), and update short limit entries in accordance with the latest update on idea # 15. If you are some what aggressive use the count (3i-3iii), then market should be doing a 3ii to sell in today. Place limit shorts as foolows short 10k @ 37.65 short 10k @ 37.7 short 20k @ 37.8 short 10k @ 37.85 short 10k @ 37.9 short 10k @ 37.95 short 10k @ 38.00 With the limit shorts filled on idea # 15, a 1 standard contract should have been accumulated. SL is subjective. TP still at $ 36 Take Care & trade safe
TVC:USOILShort
by Summerset
4
Oil Market doing extended -3 The market is doing an extended wave -3 - probably to fill the gap on charts to $40-$42 Always buy the small support ledge that forms between <38.2%-61.8%> pending every minor motive wave that extends on the 1hr chart (can be Elliot detailed on the 15 min) Accumulate to close all at $40 Currently compile 1/2 contract longs at:- 10k $36.10 10k $36.05 10k $36.00 10k $35.95 10k $35.90 10k $35.85 SL / Hedge at $ 34.50 (-$1.5 away on average). TP @ ($4 on average) Take Care & Stay Safe.
TVC:USOILLong
by Summerset
Broad Ascending Triangle Wave 4BBuy a coming retraction into wave-c of this ascending triangular formation. place limit buy orders to accumulate 1.2 standard contract per $ 10000 account Buy 10k @ $ 31.30 Buy 10k @ $ 31.40 Buy 10k @ $ 31.50 Buy 10k @ $ 31.60 Buy 10k @ $ 31.70 Buy 10k @ $ 31.80 Buy 10k @ $ 31.90 Buy 10k @ $ 32 Buy 10k @ $ 32.10 Buy 10k @ $ 32.20 Buy 10k @ $ 32.30 Buy 10k @ $ 32.40 TP @ $ 34 (Wave-d) SL / sell stop hedges @ $30.40.Position average $ 31.85 - Risk -$1.45/ Standard contract. Reward $ 2.15/ Standard contract Take Care & Stay Safe
TVC:USOILLong
by Summerset
Short Accumulation in Oil Futures - Wave 4BAccumulate shorts into the Right shoulder of the formation Size = 1 standard contract per $ 10000 Account - distributed as follows limit short 10k @ $32.50 limit short 10k @ $32.60 limit short 10k @ $32.70 limit short 10k @ $32.80 limit short 10k @ $32.90 limit short 10k @ $33.00 limit short 10k @ $33.10 limit short 10k @ $33.20 limit short 10k @ $33.30 limit short 10k @ $33.40 Take profits 500 pts from each entry. Take profit zone < $27.50 to $28.40 > SL / Hedge equivalent amount of buy stops 150 points from position average @ $ 34.50 Projected Position average around $32.95 Take Care & Stay Safe.
TVC:USOILShort
by Summerset
2
SPX500 Reacts Off of Resistance Level on DailyFurther to our previous article , the SPX500 has reacted from overhead resistance. The index is now challenging its black 20-day SMA support. If it crosses below and the SMA turns down this will be bearish development. We are also watching the daily RSI to see if it slips to the bearish side of 50. The right chart shows the hourly time frame. Here, the EMAs are in bearish mode and the RSI is below 50 (green ellipses). If the EMAs show further angle and separation, the index will be heading lower.
FX:SPX500Short
by FXCM
1
UKOIL: Downtrend Bid + Retracement LongFirst off, please don't take anything I say seriously, as always this is on opinion basis. That being said, let me get into a few key points I want to make. Oil is about to go back down on the demand curve and have increased resistance, especially in indexes and/or options trading. This is mostly due to price corrections and a result of the sentiment going on from people reacting to the Covid19 pandemic. The demand curve going down = oil going down = price corrections as a result of impacted news. It is that simple, and this is why I predict a small imminent bearish period for UKOIL, but a huge upswing investment opportunity.
TVC:UKOILShort
by gamer456148
SPX500 Struggles To Overcome ResistanceThe left charts shows the daily time frame of the SPX500. We note that it is above its 20-day SMA and that the RSI is above 50. These are bullish, however, the index has struggled to overcome the 2,900 level (red shaded horizontal). The right chart shows the hourly time frame. Here, the EMAs are rolling over and looking to cross down and the RSI is threatening to move to the weaker side of 50. The market is nervous ahead of the Fed statement at 6:00 pm GMT and the press conference after. If the EMAs cross and develop angle and separation the index will be retreating from the overhead resistance.
FX:SPX500Short
by FXCM
3