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Uscrudeoil

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
US Crude oil short. 30 min divergence playUS Crude oil has seen a bit of a run up to the trendline and has now put in a strong divergence on the 30 min chart and is overbought on the hourly. We also now have a lower high on the hourly charts and moving averages are still sloping downwards. We could see a retracement back down to the low of the triangle and a fakeout breakout before a move higher. These types of divergence plays are my A* trades with an 80-90%% success rate. I prefer them on the hourly chart as 30 min doesn't give much time movement potential however this one is worth a shot. There is some support though so if we take out the high or the MACDH turns positive bouncing of support I would expect a strong move higher. This nearly always happens when these divergence plays fail, so really its a win win situation. Either we get to short profits or we can reverse for a decent long.
TVC:USOILShort
by breakoutfakeout
2
Just see and decide Hi Guys Last night I warned "DO NOT HURRY YO BUY" because the channel 54-56 and the black trend line Less than 24 hours you see Why I told you that. Any way I suggest you if you bought, please set your SL at your entry point or at 53$ My reasons: 1- The Price could test the last down trend line (Yellow). The uptrending channel (Blue) is not sure yet. 2- The Price hit 53$ at 26-8-19 and 3-9-19 and could test again. 3- If The price hits 53$ and makes new trend line (Dotted) we could test the dotted line at many resistance points (1-1 , 2-2). After that we could have a more reliable channel as you see at the graph. 4- We did sell at last two days with respect lines A and B so we consider them also. So we have a star that all lines intersect each other at that. Guys! Take care about buying and your SL Have good trade
FX:USOIL
by Ali_Mastani
2