Usoilshort
CrudeOil, let's set the Stop ProfitI have to say that MCS did an amazing job this time too .
Since we entered there has only been a small drawdown on January 20th, and then it decided to reverse the trend, or at least make a nice pullback, and we are sellers on the highs!
Now we have to do something that for many will be incomprehensible, others will certainly not, and finally the last will accept it because they know how certain portfolio management works.
We need to set the Stop Profit just below our Entry Point.
We need to secure this trade, and assume that I am the first to want to see a profit go to target, but we need to save our buttocks from a hypothetical reversal of the reversal and a resumption of the primary trend.
You have to think: If I go to Stop Profit I have not lost anything. This is the winning mentality, I push when there is a need to push towards the target and I also accept the cancellation of my analysis without losing anything, indeed earning a few pips.
I close the parenthesis on the mindset and insert the Stop Profit at 85.50
USOIL MARKET BREAKDOWNWhat a day to be following us;
Lets Recap first:
One of my first posts on DEC 28th 2021 I stated oil will push from the $70 region to the $87 region, I stated when we reach that $87 dollar region that the market will reverse like it has done today. We took short from $86.68 and have bagged ourselves around 230 pips profit.
Explanation:
Due to inflation and other factors oil has been climbing nonstop for weeks upon weeks with virtually no pullbacks, the higher oil went without pull backs the more violent the drop will be. If you look back through my ideas you can quote words such as "violent drops" "liquidity" and "long wicks". All of these have been present today and almost a month of planning has come true...you can't say we don't know oil or what we are talking about.
Due to oil climbing rapidly it was only a matter of time before we saw the drop like today (I wont disclose how I knew the reversal point...that's a secret) but I will tell you how it was easily spotted. Oil climb to $86.92 where I went short and took profit before going long back up again, The fact that oil showed some nice pullbacks from this region showed institutions had sell orders around this level. Oil flashed up higher creating a fake out (all you needed to do was look at the daily candle to see where oil actually closed). When oil closed it opened back up with a very bearish market gap which had broken that extremely steep trendline, the trendline was not manageable and this move was long overdue (the bigger they are the harder they fall).
When oil came back up and closed the gap it tapped the broken trend, in doing so it had a long wick showing that the institutional sell orders were there again...this all also lined up with the 61.8 fib and a small head and shoulders pattern which developed...all these reasons were to short.
I have marked the major resistance zone which oil could pull back above temporarily but ultimately I believe it will fall below...I will look to find another short upon a pullback. This isn't oil going bearish, all it is doing is having a correction from it's bullish rampage. Ultimately I will be looking for longs at the right positions.
We did very very well today and there is nothing better than when a long awaited plan comes together. MAKE SURE YOU USE THE SIGNATURE DOWN BELOW!!!!
USOIL Future Important Zone's To Keep An Eye On.#USOIL Analysis
Million$ Trades If Traded Safely And Wisely.
Crystal Clear Zones, In Need Of Price Action + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support. My Gift To All The Investors, If You Benefit Dont Forget The Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
USOIL high RR with high probabilityUSOIL is in strong resistance zone. High RR make it worthwhile to enter trade.
USOIL LEVELSFurther to my analysis these are the levels I will use to scalp oil...Follow the signature at the bottom of this post
USOIL bearish Call strongI was watching USOIL from a long time and was waiting for this moment a perfect Bearish pressure will push USOIL to short and strong resistance and USOIL can go and hit 78$ in near future
Short USOILUsoil reached the end o wave 5 ? is Elliot correction wave 123 coming now ? wait the confirmation signal to breack the support from 81.49
goodluck
USOIL - 2 Short ScenariosPlanning to take a short position if price should move either way:
Scenario 1 (Green Arrow):
1. Price keeps moving up and breaks blue area
2. Breakdown under blue area
3. Short on retest of blue area
Target: A big S/R level + depending on the next moves could be around 50% fib level
Stop- Loss: Above blue area
Scenario 2 (Orange Arrow):
1. Price doenst break blue area
2. Breakdown and formation of lower swings
3. Reclaim of green line (former Resistance level)
4. Short on retest of green line
Target: A big S/R level + depending on the next moves could be around 50% fib level
Stop- Loss: Last recent Swing High
////////////
My General rules and approach regarding trading:
- I mark levels that i find interesting and set up requirements what price needs to do at these levels so i feel comfortable to take the trade
- What price does till its reaches my levels doenst matter to me, even if it takes days, weeks or even months or never at all (Alarms are set and thats it)
- For my entries i often use Strategies on smaller time frames and to increase my chances and profitability (Breaks in LTF-MS, HS etc.)
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell. I'm not a Financial Advisor.
Thanks for reading!
trader_se
USOILThinking we are going to 1st test $86-$88 B4 a sub wave 4 starts and then completes around $78. After that sub wave 4 should end and sub wave 5 should start of the greater wave 5 which ends over $100 plus mid 2022
OIL stalling for a fall..For more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them!
We are looking short on our OIL trades on this topping out action.
OIL has rallied hard and fast for a long time. Trade small and spread your positions when these rallies occur... It helps a lot.
look to continue shorts as price falls to Comfortable higher TF support.
Exit at eclipse symbol.
Oil and Trading SHORT and SMALLDon't forget to click on the Follow button for more daily detailed analysis, Also if you have any questions, please do ask them!
On our US OIL charts we have seen a large rally. These rallies come to an end ultimately and price pulls back VISIBLY on larger timeframes.
If you trade small you can accumulate such positions and you will not be hurt. you can also use the gains accumulated to offset any losses.
There is a larger margin for oil to move but we are looking INTRADAY on this trade.
Remember we are not looking to exit overnight. Sometimes these trades take time and because your RISK management is correct you will handle it just fine.
Make sure you exit when you have gains, you can RE enter on the way down.
Most importantly make sure you Risk management is correct when trading assets that are heavily sentiment driven.
OIL short the way back down..For more daily Detailed analysis, please feel free to click the follow button. If you do have any questions, please do ask them!
Here we have our US OIL charts.
It is key to note the HUGE rally we have experienced and the way in which your risk management must be tight when sentiment is strong.
Assets like oil can be driven heavily by sentiment. This allows you to ENTER before the price falls.
We are not looking overnight. These falls can take time and there is simply no exact point.
Trading with stop losses in tight places when the sentiment is strong may have you closed out. For this reason your Risk management must be correct for when price does ultimately fall.
You can also exit in stages on these falls. It does not have to be just ONE trade.
Exit is at the eclipse symbol.
US OIL MARKET BREAKDOWN I have been holding off from posting as OIL is ranging within itself....
Oil needs to break this range to get the next move...I have mapped what I think might happen next
Bat Complete 🦇USOIL - USOIL has broken above the .886 on the monthly downtrend pullback is and is currently sitting in a very strong PRZ, however price could easily break above the weekly high/monthly high and close below it (Price is in an excellent location to look for swings and ride with a potential monthly continuation, however make sure you wait for proper confirmation (HTF reversal pattern etc) before entering, (Weeks and months are a long time and price can move a LOT in these Timeframes especially with Indices!
OR you can use this Bias for your LTF trading! Let me know your thoughts!
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
US OIL UPDATEOil turned bullish and followed the bullish scenario...We took a small loss on this but SL were moved when we had the large dip so it didn't really effect us.
Oil is currently climbing and there is now no real resistance until 83.60-80. There is a market gap at 80.40 so I am reluctant to long at this moment in time in case of a fill of this gap before we move higher.
Currently watching the following...
Should oil dip and fill the gap then I will long to 83.60 but if oil reaches 83.60 first I will short down to the gap. Easy movements to watch and follow
USOIL short planDon't forget to click on the Follow button for more daily detailed analysis, Also if you have any questions, please do ask them!
Here we have our US OIL chart.
We have previously looked short several times around this area and taken consistent gains.
The current price action adds to the short impetus. Price is high and we are looking for a long
Exit around eclipse symbol.
USOIL INTRA-DAY SHORTS 📉📉📉Expecting bearish price action on this pair as price takes out PDH ( previous daily high) where a lot of liquidity is located from yesterday trading day, if price rejects with a M30 bearish closure then we go lower.
Perfect targest into PDL
What do you think ? Comment below..
USOIL IDEAGood Morning guys;
OIL has pushed the zone I was adamant would be met before its makes it decision of where the market will go next, Bullish are starting to show a slow down of buying pressure but overall oil is bullish so we can't rule out a move higher. Should oil break the zone I have marked than it's likely that the 81 region will start getting pushes BUT should oil find resistance here then a fall to the two marked zones is the next likely move.
I am short with a 2% risk and I will watch the charts closely for early signs of bullish development if I need to exit early.
This is a prime example of trusting you own analysis and sticking to your trading plan.
USOIL down move.Don't forget to click on the Follow button for more daily detailed analysis, Also if you have any questions, please do ask them!
After taking gains on the short side off the top of the PREV highs, we are looking to RE short on the next move up.
There is still plenty of room for oil to fall. Check higher TF's for larger picture.
Market sentiment is a little slow.. Pending larger news. exit is at eclipse symbol.
USOIL 78.87 +0.03% SHORT IDEA * REVERSAL & PRICE ACTIONHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE USOIL ENERGY.
* The ENERGY is currently trading in an ascending channel but seems the channel now consolidating in a BEAR FLAG just above of structure.
- Short term the pair has currently entered a consolidation as WE break below on the 4h chart this set up comes into play.
- There is a demand zone to look out for on the ENERGY before we continue with the bears, BREAK BELOW will trigger the set up.
- Looking for SHORT entries on the pair this week should all the rules of the formation be met.
lets see how it goes
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
_____________________________________________________________________________________________________________________
| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
US OIL MARKET BREAKDOWN USOIL:
As stated in the last breakdown oil should open and push back towards that 79.60 (I still feel we may hit this as the US session is still yet to open). There isn't much new to be added and my bias still stay's the same as last break down providing the technical are followed. (GO READ IT). I have taken two nice scalps this morning for some quick profit whilst I wait for the primary move to come through and I think it will play out as either two ways...
1) Spike to 79.60/80 upon US session opening and should we find major resistance then we will fall off quickly to the two marked zones, these will be my short targets.
2) Spike to 79.60/80 break through find support and continue the bullish trend.
I favour one but I am yet to enter short.
