OIL breaking up
OIL is ready to go up
Sentiment and COT data is well positioned, fundamentals checked.
Technically it's in a good spot, with short term trendline broken
I'm considering that there will be extra volatiliy (undecisive price action) because US market is closed.
But as soon as you see a good low entry point or confirmation tomorrow at NY session, enter the trade.
After reaching profit, try to old part of the trade a couple of weeks until 4th of March if you can, it has a high winning rate looking at seasonality.
Sentiment and COT data is well positioned, fundamentals checked.
Technically it's in a good spot, with short term trendline broken
I'm considering that there will be extra volatiliy (undecisive price action) because US market is closed.
But as soon as you see a good low entry point or confirmation tomorrow at NY session, enter the trade.
After reaching profit, try to old part of the trade a couple of weeks until 4th of March if you can, it has a high winning rate looking at seasonality.
Note
To double clarify: I meant tomorrow 20th of Feb, 8:00 EST, not today 19thNote
Went down to 77.65 now. Good entry point for a small Stop loss if you are not still inNote
Got stopped out. I still belive in this trade, waiting 2 hours that NY opens and I start to see a reversal to enter again with a tight stop lossNote
Re-entering hereNote
Google "triple tap" by paracurve.I think now is the good one, I added full position now. Looking for confirmation of high volume very soon when US market opens.
Sorry for the messy entry signals
Note
Ok, I like to see that green volume bar, As I said at the beginning, this is a long term swing trade, so even if it was painful entry, don't take profits too early, let it run
Trade fermée: ordre d’arrêt atteint
This was a bad setup, too early, lost more than I planned.Lessons learned:
* If it doesn't work out smoothly, don't force it, let it go. Be patient.
* Don't try to jump in before the confirmation happens.
* Assume higher stop loss area, since the profit target also is in my opinion much higher.
That said, fundamentals and sentiment and seasonality support this trade, but wait for a confirmation.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.