moorekapital的FX:USOIL的DESCENDING TRIANGLE WITHIN TRADING RANGE

DESCENDING TRIANGLE WITHIN TRADING RANGE

Analysis on chart.
Use your sixth sense ^_^

Click like to be updated on developments. I hold a short from 47.22 on demo, and short on live account via EURCAD long. see chart here---

STRUCTURE - TRIANGLE WITHIN TRADING RANGE

We had fun with the chart below, some 4months ago. The updates to this chart presents loads of real trade lessons, bar by bar. Great for my library

USOIL: 2015 OCTOBER 9 HIGH OF 50.89 STILL MAGNET

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OPEC set for no deal as Iran rejects Saudi oil output offer
reuters.com/article/us-opec-meeting-saudi-idUSKCN11X0LL

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price reaction here, it matters!
s3.amazonaws.com/tradingview/snapshots/8/8OOZmPNA.png

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s3.amazonaws.com/tradingview/snapshots/7/7DiasZZc.png

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47.10 Just be patient and dont fight the mkt ;) s3.amazonaws.com/tradingview/snapshots/o/OhHGbOtA.png

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Heads Up!!! USOIL UPDATE--- If you did this trade w/ me, I think that we got activated now. The #1 challeneg I have here is that, we did not walk into the entry order---we gapped into it. That means that we need to be a bit careful here. Otherwise, for now, revise your stops from 50.98 to 50.56

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Investigating gapping..... s3.amazonaws.com/tradingview/snapshots/a/a5aME43a.png

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Well,
Saxobank doesnt show gap....
Tradenavigator doesnt show gap......
IG doesnt show gap......
Tradingview/Investing.com doesnt show gap.......

I guess I hold short, and rel on stop

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CRUDE OIL TRADE UPDATE---- No loss. Very tiny gain. Thanks to good risk management practices. click on link for chart update. content.screencast.com/users/moorekapital/folders/Jing/media/4ecb3583-905a-46fb-ad7d-188330d138cb/2016-10-26_1645.png

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Now, if price fails to reach 51 in 6hours from now = I'll short again, at close price of 6th hour, w/ stops @ 51
Atm, I see price simply rally into a PSZ-- Potential Sell Zone. No crude oil trade yet

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