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Uscrude

great plan to trade USOILDear traders USOIL is now between two resistance and support zones , the resistance zone is from 28 to 29.29 on the other hand the support line is at 25. best plan is to wait USOIL break one of these areas to make Some easy pips. 1_if it breaks down support zone : short it , target point: 21.5 stoploss: if it closes a 4 hour candle over the broken support line. 2_if it breaks up the resistance zone : long it , target point:32.5 stoploss: if it closes a 4 hour candle below the broken resistance. I will update my idea to let you know when you can enter this trade. follow me and push like button if you liked my idea. never put yourself in high risk when you are trading USOIL because it is strong and powerful. SO SIMPLE AND USEFUL
FX:USOIL
by toptrendtrader
US Crude Oil. Time to go long!? FakeoutAnother nice breakout fakeout trade here from the breakout fakeout master ; But how high will it go??? As with the parallel dow trade (see other post) breakouts rarely work. Its nearly always best to see that conditions are overbought or oversold and trade accordingly. The only problem is that I really need to sort out this telegram channel... I'm a high margin trader and so by the time I've posted a trade here for you folks I'm already in a trade and taken lots of profits off the table. That's the best way to trade these fakeouts hit the re-entry on a high margin account with a very fast move into profit, take that and look for a re-entry. There is still though room for profits in this trade. I just trade these fakeouts with swing trades. I will be trading each swing of the 5min and 1 min chart with lots of leverage, moving more to 5 min swings if and as the pattern gets bigger. Very profitable. If the low gets taken out no harm lots of profits have already been banked
OLong
by breakoutfakeout
Which way will oil break???Here we are at the crossroads, US crude oil has put in a lower high and lower low on the hourly charts and we could see another move downwards. This is an interesting trade as we could either see a continuation flag to the upside where we may break major resistance and pile on up to 28. Or we could see a cup and handle reversal pattern and see a retest down to 20-21. As such i'm on the sidelines waiting to see. At time of writing we just saw a breakout fakeout of the flag and so now we could see the cup and handle come into play. Or another go at the flag (5 min moving averages are indicating long trade). In these types of situations its easy to get burnt multiple times trying to trade breakouts. Better to wait until an explosive move comes in which would negate the other potential pattern.
TVC:USOIL
by breakoutfakeout
3
WTI: Anatomy of a short term investmentHi Guys, this is an attempt to detail my process for finding profitable trading opportunities in accordance with my small capital. It will be an on-going task and I am not yet sure how to structure it. I will start with a post and try to follow it up, All likes, comments, suggestions & reccomendations are very much welcome. For example, by looking at the above chart, daily, I note that price is finding support and may be forming a triple bottom at $51 level. My first impression is that it may be pulling back from 3 towards the MAs. Considering that current price is $53 and MAs are respectively at $55,63 (red) and $56,14 (blue) my view is that the move may generate between $2.500 and $3.000 with 1 contract of CL in few days. The divergence of RSI with price supports the possibility for a bounce towards MAs. But what if price is pushed further down? If I place a stop on the red horizontal line at $50,97 and enter at $53 I need to consider a loss of $2.300. Am I prepared to accept such loss considering the risks involved? The answer is NO. So, in order to profit from this opportunity I have to work on my positioning by searching in shorter timeframe charts. This work takes time and is intended for spotting a profitable opportunity with little risk involved. For the time being the idea is up towards the MAs but the idea may change depending on what emerge in shorter timeframe charts. For additional infos about WTI please refer to the related ideas linked at the end of this post. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
FX:USOIL
by cozzamara
Will Crude break out of this Shrinking Range?A Sharp triangle is formed in Crude oil (Weekly). Interestingly the price is Trading near a Strong Psychological Support of $50 . Will the Crude oil be able to break out of this range? Interestingly, Crude oil has also created a Rectangle pattern over the weeks. A Rectangle inside a Triangle - It only indicates there's a lot going on around this area of $50 & $60. And we can expect a Strong move upon a break out. The Candle that tried to break out of this range (Marked in arrow) a couple of weeks ago, indicates how active the sellers were in driving the price back to the Neutral zone. Crude oil needs to test a Strong Support level for gaining the momentum needed to break out of this zone. We can expect the Price to come down till $50, before we see any real buying opportunity
TVC:USOIL
by VishwaTTL
WTI Crude Oil - Upside PotentialWe see WTI Crude Oil potentially moving higher if there is some progress on trade talks between the US and China and also potential unrest in the Middle East. However, we would not want to see prices fall below the support level at $50.49 as this could lead to further downside as oil has been dropped recently predominantly due to fears surrounding growth of the global economy. Our near term target is for oil prices to reach $55.6 before continuing their upward momentum towards $60.
OANDA:WTICOUSDLong
by KQMarkets
USOIL SHORT TARGETS.Been trading the USOIL price drops in shorter timeframes yesterday and today (1h.) banking 10 and 20 pip moves, so I got my confirmation and I am beginning to open long put positions. Price targets for futures traders to serve as entry points (NOT option strikes prices, diff. strategy there :) are at 59,57,55, and a big monthly one at $51 (this is the one I'm aiming with my puts. Options pay with volatility, so even if it doesn't get down there, closing the gap fast enough will be a great reward for an options trader). Good luck to all of you trading out there!
FX:USOILShort
by BlokkyClub