Ukoillong
The SNIPER - 60% profits, 2 shots.Hello guys! Ok, so our trade just hit its target and gave us a nice profit! Congratulations for those who did catch this trade with us! If you missed my last call on UKOIL the link to my past analyses are below (chronological order, since my first call), and you are free to check them for more details about our trades.
In any case, I’ll sum up for you. Our first trade was triggered by this piercing line pattern, and it gave us about 45% profits. Then, I said I would wait for the next pattern to appear, and this pennant was calling my attention. Our second trade was triggered when it breaks out from this pennant , and it hit our main target today, which is this green line at U$ 36.16, which gave us about 15% profits.
Our profits were around 60%, and that’s not an exact number, because my trading style is flexible, and you could’ve done these trades a little differently than me, and I find this very good, because you can adapt it to your personality. Now, I see you’re still reading this, so in this case you must find what I’m saying a little interesting, otherwise you wouldn’t still be here, right? Then please, remember to support with your like and I invite you to follow me to keep in touch with our trades and analyses. I’m every day here, and I’m sure you’ll find something useful to you!
There’re more conservative traders and some are more aggressive, and sometimes we feel more conservative or aggressive, and this makes the difference, because what truly matters is how do you feel about the market. In my case, I profited 62% from these trades. In my past analyses you’ll find much more details about our trades, so, check them if you want (again, the links are below).
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
I'm out - After 45% PROFITS!Ok guys, you know that I went long on UKOIL about a week ago, and now I’ll update you about my trade. If you missed my first call on UKOIL, follow me to keep in touch with my analysis and trades. Now, here’s my analysis when I long UKOIL (Apr 28):
Why I long it? Simple, I saw a Piercing Line pattern near a support, and a Double Bottom in the hourly chart. There’s a Piercing Line in the weekly chart too, which would help the bulls to keep going. No indicators, just the candles (as always).
Now, I sold it after it did a Pivot downwards in the hourly chart, as you can see here:
As you can see, a very technical trade, with a nice risk/reward relationship (about 7:1). I don’t know if it will continue going up, but now I’m out because of my own technique. I usually set an exit point under a support after such a bullish move, I think it’s wise and gives me comfort. Now, I can sleep like a baby here.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *