Trade Ideas in Commodities

Mr.Black

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Oil made 1,2,3 High reversal pattern and Rh completed in friday
If the Monday open is inside friday Range there is good sell opportunity
Sell 1 tick below 69.70
stop above 70.70
limit@ 68.70
 

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CK06
Corn is in congestion , if Open is contained by friday Range
Possible trade will be
sell 1 tick below 230"0
stop 1 tick above 234"0
limit@226"0
This congestion can be representation of accumulation or distribution.
 

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Oil trade closed @69.14
P/L+0.55 or $550 per contract on Exit1 :cheesy: :cheesy: :cheesy:
and P/L +1.19 or $1190 per contract on Exit2 :cheesy: :cheesy: :cheesy:
If one trade by the book and have nerves of steel He will exit part of the position on the point of the hook
and move his stop to lock profit and close the remaining contracts on exit2
 

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Last edited:
It is very possible that will be Gap Opening for open auction Corn today
So if is Gap open I will pass on this trade :D :D
 

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Yep there is gap open so no trade on Corn
 

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The trade is cancelled for reason no fill . Oil still in congestion area
 

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Buy opportunity 1,2,3,low TTE entry
stop below #3 point
 

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Trade closed P/L$1000
TTE was @ 71.38
 

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Short sale opportunity in Oil
The entry point will be 1 tick below Friday's Low
 

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Buy opportunity on EUR

Buy opportunity on EUR

1,2,3 formation completed >
 

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The trade from 19'th was good one :cheesy:
 

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There is good buy opportunity in Oil .... :cheesy:
 

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Now we can set Stop and Target levels :cheesy:
The entry price was 58.59
 

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