Vincent_CatchMoneyMagnet

Vincent_CatchMoneyMagnet

Short pullback? Liquidity grab. Risk management is useful. Top of the ascending triangle line - new support? Tensions driving uptrend OPEC staying out. An uptrend is working in their favour.

Vincent_CatchMoneyMagnet

As I've mentioned before, a bullish breakout followed the formation of the Ascending Triangle. Regards, Vikash Maki

Vincent_CatchMoneyMagnet

W chart pattern succeeded. Ascending triangle fully developed.

Vincent_CatchMoneyMagnet

"All new news is old news, happening to new people." - Malcolm Muggeridge 08/08/2024: I can't say to you the price will go up or go down in the short term - what I know is that what goes up will go down, and what goes down will go up, and as market patterns repeat themselves, all price levels re-test with time. "The big money is not in the buying or selling, but...

Vincent_CatchMoneyMagnet Updated 

Inverted Head and Shoulders pattern forming. Usually bullish reversal pattern. The breakdown of the neckline will probably head to 79.750. This level was the previous support, new support maybe? We will see.

Vincent_CatchMoneyMagnet

Momentum ends. Liquidity grab to the upside. Stop loss hunting exhausted? NO. The downtrend is continuing. 72.743 previously strong SUPPORT level (4 June 2024) = broken DXY down. Geopolitical tensions. Oil price downtrend persisting. It's a selloff. A bullish reversal is imminent with time. Check emotions. Apply patience. Risk Management is a priority.

Vincent_CatchMoneyMagnet

CORRECTION on previous/last published idea on WTI (15m): Strong SUPPORT level on 4 June 2024 at 72.743. Support, not resistance. Will the support hold now? That's what is happening.

Vincent_CatchMoneyMagnet Updated 

"Trade what's happening...not what you think is gonna happen." Doug Gregory A bigger pattern of head and shoulders is forming in the 1D chart. Shoulder 1 closed at 79.625. Previous strong resistance on 4 June 2024 at 72.743 Is this resistance going to hold or not? That's what is happening.

Vincent_CatchMoneyMagnet

Buying the deep Steep downtrend Momentum is usually short-term.

Vincent_CatchMoneyMagnet

Prioritising risk management Lot's of factors affecting the price of crude oil Supply cuts effects? Global supply chain effects? Tension?

Vincent_CatchMoneyMagnet

I have decided to stay out of this one a bit. I am out on Gold for now as well. I am busy with WTI. If my assumptions hold, I will come back in again, take the Index and fly to 21,000. Take note: Re-testing is in progress If re-testing at this level succeeds despite the bearish breakout (the descending triangle is broken) We are probably off to 21,000 I need...

Vincent_CatchMoneyMagnet

487% profit on this set-up. I'm out. Trailing stop loss took the profits. 5:1 Risk Reward Ratio. I love reading the charts. Equity buffer 11,970% I'm busy with WTI. After a terrific show of profits, I couldn't do an ounce of Gold for two days now. Risk parameters must hold tight. I'm trading with Smart Money. I'm geometrically reading the charts.

Vincent_CatchMoneyMagnet

Long entry was taken at 74.498 (wasn't that clean, particularly was expecting a downtrend momentum ending around 71 - 73.450 following a liquidity grab to 79.750) Now, 5.42:1 Risk-Reward Ratio and still going Safety, Stop loss at 3.95:1 Risk-Reward Ratio It's hot over here!!! Decisions, decisions, decisions!!!

Vincent_CatchMoneyMagnet

Ideas matter. Sometimes work. No one knows the next price. Equity buffer. Pi. China demand concerns? US Inventory? Geopolitical considerations?

Vincent_CatchMoneyMagnet

Technical analysis is not absolute but logical. Track SMC, ICT. Pivots. Follow.

Vincent_CatchMoneyMagnet

Correction? Buying the dip? To 22,000? ***The overall trend is bullish. What's your take?