Shorting oil, based on analysis of past weeks, oil is failing to go higher. Also, I'm ICT trader. Entered Brent on 111.495 average
totally holding on to this making iy a 1:6 RR. This is a continuation of the post before this, too bad I was way t early on friday, still holding on yo that bit. I really wanted to short 114.45 but I thought we wouldn't get it, Today we did.
Since my usoil short showed no willingness to go down i decided to reverse. It seemed to strong, so here's a long at optimal fib
usoil short. Brent failed to take equal highs above, we're going down on NY open.
Long time since I posted a trade, let's do this again. Usually I don't explain.
I've been following oil looking for a short the past few days and after the break of structure this is it
No explanation, I'm short from 3.14. Well, for one thing, the Daily was an inside day, that can lead to more volatility and a friday runner. And come to think of it, 3.14 is pi, but that does'nt play a role in my analysis.
I don't usually explain my analysis. But let's see.
I don't usually comment on how I decide what to trade, just posting for fun
Trapping the short chasers at CME open, I suspect a long is due since we ploughed throug resistance october 25-28, now its ready to punch through. This is catching the 480 timeframe retracement of that. This is just the entry, at the moment I think this could be the low for a while so that's why I post it. Aiming for 59.50, that makes this a 1:15 trade. I will...
Let's do this again. It's been a while since I posted.
Long time since I posted oil. Still in the game though.
Combining some trickery with heating oil and wti oil leads me to this.
It should go down from 49.50 as far as I'm concerned
You know those movies where they throw a ball blindfolded backwards into a basket 40 meters away... Well, observe in awe as this unfolds, if it does. I'm not guessing.