USoil go long take profits on way to $44Nice place to add to oil longs, falling wedge onto trend line. Hourly moving averages are still very bullish here and price is trading some way below the 200 MA. Stop loss below the previous hourly swing low in case the wedge continues to slide a little.
Falling daily 200MA is the barrier so i'll still be taking long profits at each resistance point before my actual ideal target of $44.
Oilprice
the matrix was the door wayI understand to be able to trade like the best you must literally think like the best and if you have to, try to remember how they would have gone about utilizing the skills we learn to better advance their own trading skills. thus some people hold trades longer cause they know more. so just act like those people and ask a few questions here and there. but overall. the potential results is if they done because of the way they did it and then so can you. it's a bit like neo in the matrix. my sense of thinking is thinking like the ones and potential opportunities of the ones will present themselves. you're a newbie. think like you and you will always be a newbie. and sometimes want to run back to the matrix cause it's better for your taste bud. well while I say let's wrestle
Ascending triangle implying a breakout of UKOIL Hi Traders
Ascending triangle on UKOIL on the daily implies a breakout to the top. But fundamentals are might not backing it so the risk of a fake breakout is very relevant. I will make it dependend on the strength of the breakout candle wether I will enter a trade or not.
Divergence in Brent Price and RSI indicator?Are we seeing clear divergence between the price of Brent and the 14-day RSI over last couple of months? Check out my video and let me know what you think?
With the recent double-top, I'm thinking there's got to be a strong case for a Sell position here...
US Oil Looks Weak and Topped OutTook a short here on US Oil. Decent R:R and at a local top on HTF's (higher time frames) and pushing into a wedge.
About me:
I keep trading as simple as possible. Will not give my method but will give you entries.
Don't get greedy. Take profits quick when in green.
Let's make money together!