faylee
Short

Short oil for a retracement

FX:USOIL   Crude Oil (WTI)
1691 11 45
Oil             will retrace soon, now the correction wave was completed!
Sell for a retracement, target at 45-44.6

Long term still go long
Trade ist aktiv: my entry: $48.4
TG1:47.7-47.45
Tg2: 46
where are we going with this? Appreciate your feedback?
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that dose not look good...
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Now it time
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Be careful with the short. You stand the chance of making 2 points, however, this bullrun can push your losses to 5-10 points. Don't be surprised to see oil at 55 in mid Sept.
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faylee SupraBoy
I haven't shorted yet, No signal for short
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SupraBoy faylee
Just wait till this goes over 50 first. My guess is this goes to 51-52, then you short it back down to 48.50-49.50. Then the next run powers through 55. If you look at all the posts in tradingview, more than 95% of the people are bearish. That's a signal to go long.
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ajr9000 faylee
what would be a signal to sell? just to learn. thanks.
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SupraBoy ajr9000
Signal to sell is when you scroll down the blogs and see everyone post going long on oil. So far so good. Just do the opposite of 90% of the posts and it's money in the bag.
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ajr9000 SupraBoy
hahaha SupraBoy very true. just wanted to understand the rationale of faylee.
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Like2Move SupraBoy
You're right.
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