USOIL - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to go a little bit higher for buy stop liquidity and to fill the imbalance and then to reject from bearish order block.
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Usoilshort
6 ways to stop loss in gold
Take profit and stop loss are one of the most important links in the entire trading system. After studying this article, you will be able to thoroughly understand the stop loss method.
You can bookmark it before reading it. If you feel that you have gained something, you can like it, thank you.
1. 6 stop loss methods
Stop loss means that when our order loss reaches a predetermined value, we need to close the position in time to avoid greater losses.
In a complete trading system, stop loss Stop loss is divided into static stop loss and dynamic stop loss.
Static stop loss means that after the order enters the market, the stop loss is set at a fixed stop loss space, or the stop loss amount remains unchanged. Once the market trend is unfavorable, the stop loss will be closed when the set position is reached. For example, after an order enters the market, set a stop loss of 100 points, and close the position when 100 points arrive.
Dynamic stop loss means that the standard of stop loss in the trading system is dynamic. When we hold a position, the market is constantly fluctuating, and there is no fixed point for when to stop the loss. We must observe the dynamic market changes until there is a trend that meets the stop loss standard, and then stop the order. For example, when holding long orders, the stop loss standard is that the market forms a short reverse break position structure, and we will stop the loss manually at this time.
Method 1: Fixed stop loss space, or fixed stop loss amount.
This is a relatively simple static stop loss method.
After the order enters the market, set a fixed stop loss space, for example, after an intraday trading order enters the market, set a fixed 30-point stop loss. Or set a fixed amount stop loss, for example, if the order loss reaches 1% of the principal, the stop loss will be stopped.
There are also traders in the stock market who stop loss at a fixed percentage of market retracement, for example, stop loss if the stock falls by 5%.
In this way of stop loss, the space for stop loss should be determined according to the specific volatility of different varieties.is absolutely necessary, and a trading strategy without stop loss will eventually end in loss.
Method 2: Stop loss at high and low points.
High and low point stop loss is the most common stop loss technical standard, and it is also a static stop loss method.
The market always operates in the form of waves, so there will be continuous rising or falling callback highs and lows. These highs and lows are also called inflection points. In actual combat, the starting point of the wave or the inflection point of the callback is used as the stop loss point.
After the bottom of the market breaks, open a position. There are two ways to use stop loss at high and low points. One is to place it at the inflection point, and the other is to place it at the starting point of the wave.
The inflection point stop loss, the stop loss space is small, the profit and loss ratio is good, but the fault tolerance rate is low, and it is more aggressive.
Stop loss at the starting point of the market, the space for stop loss is large, and the profit-loss ratio is worse, but the fault tolerance rate is high and more conservative.
This stop loss method is also relatively flexible, as the volatility changes, the stop loss space will also be adjusted.
Method 3: Combine technical stop loss.
Stop loss combined with technical positions refers to the combination of key positions of technical indicators in actual combat, and stop loss when the market breaks through these technical positions. For example, important support and pressure levels, or technical moving average levels, etc.
Method 4: Stop loss in trend reversal pattern.
This is a dynamic stop loss method. After the order enters the market, the market goes out of a reverse structure or form. At this time, it can be understood that the trend has reversed and the order is stopped.
In actual combat, you can combine your most commonly used criteria for confirming reversals. You can use the crossing of moving averages, or the breakout of trend lines and channel lines, etc., as long as the standards are consistent.
Method 5: Stop losses in batches.
In an order, set multiple stop loss standards, and stop losses in batches in proportion to different stop loss points.
This is a compromise stop loss method. Set different stop loss points through different stop loss standards to disperse the risk of stop loss.
In actual combat, it is often encountered that after the order stop loss, the market reverses and goes out of the original trend. At this time, because the order has stopped loss, it is very disadvantageous.
The operation of batch stop loss can keep a part of the position when encountering this situation, and can continue to make profits after the market goes out of the direction again.
Method 6: Moving stop loss.
Trailing stop loss means that after the order enters the market, the market develops in a favorable direction. After leaving the entry point and gradually generating profits, the stop loss is adjusted from the original stop loss point to a more favorable direction. The market gradually develops and the stop loss Also adjust gradually.
Moving stop loss is a bit like the left and right feet when climbing stairs. When your right foot goes up the steps, your left foot will follow. Every time the profit increases to a certain extent, the stop loss will follow.
The first purpose of trailing stop loss is to preserve capital, so most of the time the first step of trailing stop loss is to move the stop loss to the cost price.
In this way, even if the worst result is encountered, the order will be out of the market without loss. After setting the trailing stop loss, the order will no longer lose money, and even the profit has been locked. At this time, the psychological pressure of holding positions is very small, which is conducive to the execution of transactions.
These 6 stop loss methods, you can choose the appropriate method according to your own trading strategy
OANDA:XAUUSD OANDA:XAUUSD COMEX:GC1! TVC:USOIL BINANCE:BTCUSDT.P COINBASE:BTCUSD
USOIL: How?GAP is defined as the gap between 2 consecutive trading sessions (or 2 candles). GAP is determined based on the closing price of the previous candle and the opening price of the following candle. Under normal conditions, the closing price of the previous session will be the opening price of the immediately following session.
views in dcb for USOILTVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
Bullish on crude oil, target 72
OIL broke through the resistance around 69.8-70 yesterday, and the resistance has now turned into support.
The new resistance is around 70.8. If the support does not break, you can go long USOIL.
The first TP will continue to be placed at 70.7 yesterday's TP. If Break through 70.8, the next TP target is 71.2-72.4.
SL temporarily set to 69.47
I have published opinions on gold, crude oil, foreign exchange, BTC, etc. If you are trading them, you can follow me, and my strategy will provide you with great help
Another Sell-Off on OilI don't have any fundamental reasons why USOil is selling because I'm not a fundamental trader, but I like the technical analysis of Oil.
If the price can stay below 69.60 a barrel, I will be trading back down to the low.
I'm grateful for the opportunity to be able to place this trade. Do you trade Oil?
USOIL - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here I still looking for shorts position and expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block where I will look for a confirmation on lower timeframe.
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Oil Finally Broke 3 Month Consolidation USOil has been consolidating since late December. If you're a trend trader you know you're either going to be waiting for price to break the consolidation range before you trade or if you were already in the trade, you'll be holding onto the trade until price begins trending again. Well, USOil finally made a new low.
This is a great time to setup for future sell positions if rice pulls back and can stay below the last lower high price. If you haven't read my previous post on oil, where I go into detail about the consolidation range, give it a read. The post is below.
As always, thanks for reading this quick post. Be sure to like the post to boost it. I appreciate it.
USOIL - Short as per Volume Profile ✅Hello traders!
‼️ This is my perspective on USOIL.
Here we are in a bearish market structure from H1 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement and then to reject from bearish order block, as well we have there most orders as per volume profile .
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howto set stoploss correctly and do a goodjob of risk managementStop loss is a necessary means to control risk, and using a good stop loss point is the only way for investors to win.
There are two types of methods for setting the stop loss point: the first type is a regular stop loss, that is, when the reasons and conditions for buying or holding disappear due to changes in market conditions, the position must be closed or stopped immediately. The second category is auxiliary stop loss. In practice, the maximum loss method, retracement stop loss, sideways stop loss, expected R multiplier stop loss, key psychological price stop loss, tangent support level stop loss, moving average stop loss, cost moving average stop loss, Bollinger band stop loss, volatility stop loss, K-line combination stop loss, chip intensive area stop loss, CDP (contrarian operation) stop loss, etc.Investors should judge based on their own risk tolerance and choose a stop loss method that suits them.
The market has been fluctuating all the time, and there are opportunities at all times, but before we make a transaction, when we look at a certain position, we also need to refer to whether the stop loss position is well set, how much profit margin can be grasped, and whether it has played a role in using small capital to fight for high returns.
The size of the stop loss: It can be set according to the resistance support in the seeking stop loss point above. The size of the stop loss we are talking about here should be set more based on the profit margin. This is the high return of small capital. When our profit margin can only be seen at 5-8 points, the stop loss can be controlled at about 3 points; The stop loss point for medium- and long-term trading can be appropriately enlarged, and when the profit point is above 30 points, the stop loss can be set to more than 8-10 points.Of course, the size of the stop loss is more of a reference factor in resistance and support.
Spread in stop loss: We all know that the cost of trading is composed of spread and commission. When we place an order, we try to find the best entry point and calculate the spread. Then the same is true when setting the stop loss. The above talked about finding the stop loss point and the size of the stop loss, then in the gold investment market, it is often a decimal point that can change the profit or loss, so we need to calculate the spread when setting the stop loss.
Several principles for setting a stop loss point:
1. Once the stop loss point is set, it is not recommended to change frequently if it is not necessary. It should be implemented decisively. Stop loss is actually a prerequisite and guarantee for profit.
2. The stop loss point should be set before each lot is traded.
3. The stop loss point can be flexibly changed, but it must not be changed day and night.
4. Before setting the stop loss point, it must be based on the current overall trend
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Going long on crude oil.
The crude oil is currently trading around 74.8, with some support visible on the 4-hour chart. In the short term, there is upward momentum observed on the 1-hour chart. As a trading strategy, one can go long near 74.8 and target 76.3, with the possibility of further upside if the resistance at 76.3 is breached. If unable to break through, a short position can be considered at 76.3. I will keep you updated in due course.
Short-term trading strategy: Go long near 74.8 with a target of 76.3.
MCX:CRUDEOIL1!
Going short on crude oil at 77.8.
At the start of the Asian market on Thursday, crude oil is currently trading around $76.5 per barrel. On Wednesday, crude oil continued to fall as concerns about more aggressive interest rate hikes weighed on economic growth and oil demand, outweighing the larger-than-expected reduction in US inventories. Although yesterday's decrease in crude oil inventories did not cause significant fluctuations in the price and quickly recovered, it shows that the overall trend of crude oil is weak. My trading strategy remains short, with a focus on selling high.
My trading strategy is to short crude oil at $77.8, with a stop loss at $78.6 and a target of around $75.
Investors can choose their own profit-taking points according to their trading style. The above is only a short-term trading perspective. I will notify you promptly if there are suitable opportunities. Liking, commenting, and subscribing are the best encouragement for me. Follow me to make trading simpler! You are also welcome to read my other ideas below.
MCX:CRUDEOIL1!
Crude oil stepped back to the buying pointRecently, crude oil has experienced a major pullback and is currently in a phase of rebound and volatility. Yesterday's market surged and fell back, and at one point fell to around 77.00. Currently, it has stopped falling and rebounded. From the attached chart below, it can be clearly seen that there have been signals of bullish players laying out their positions at the bottom area, as well as several buy signals during the process of rebound and pullback, which have formed a small rebound wave. Currently, there is another buy signal appearing during the pullback, and with the potential influence of EIA data in the evening, it is highly likely to see another upward rebound. Our focus remains on the resistance level near the 80.90 moving average.
In terms of operation, we continue to adopt a short-term strategy of selling high and buying low.
Specifically, we suggest buying near the 77 level with a small position and paying attention to the breakthrough of 77.8. The specific profit-taking point will be updated in a timely manner in the post.
As for today's EIA , it will depend on everyone's own judgment whether to seize the opportunity or not. Stay tuned and let's reap the harvest together.
Waiting for a rebound to go short.
In the early Asian session, US oil traded near $77.20 per barrel. On Tuesday, crude oil plummeted more than 4%, affected by Chairman Powell's speech exacerbating concerns about interest rate hikes and a stronger dollar. Powell stated to lawmakers on Tuesday that the Fed may need to raise interest rates more than expected to respond to strong recent data, which led to a downturn in most financial markets. Today, shorting is favored in crude oil. Strategy suggestion: Sell crude oil near $78.3-$78.5 with a stop loss at $79.2 and a target near $76. I will also give an alert once it reaches the target.
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TVC:USOIL FXOPEN:XAUUSD