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Oil looks like a cup&handle pattern, I bought long position at $113.20
John which time frame did you see this on and was it on brent or nymex :?:
John which time frame did you see this on and was it on brent or nymex :?:
Crude oil on daily time frame. I meant 103.20 not 113.20
Crude oil on daily time frame. I meant 103.20 not 113.20
Well, 103.20 was good point, I see a cup&handle pattern too. Add to this pin-bar on daily time frame now, so it has more chance to success. :clap:
Oil is doing well, my first target is $110-112
Congratulations!If it is not a secret. Can you tell - were did you place your stop-loss or how much pips? I am starting to trade oil at daily time frames.
marketwizard123
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bit of a jump for you! http://www.stock-trkr.co.uk/commodities/light_crude_oil_live_chart
I would close now before you lose the gain...
I would close now before you lose the gain...
bit of a jump for you! http://www.stock-trkr.co.uk/commodities/light_crude_oil_live_chart
I would close now before you lose the gain...
You might price may revers and go in flat? I'd replace stop-loss to breakeven and wait for nonfarm payrolls. Crude oil inventories is going -1,300M.
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What effect if any will the oil inventories have as it is double what was predicted ?
You might price may revers and go in flat? I'd replace stop-loss to breakeven and wait for nonfarm payrolls. Crude oil inventories is going -1,300M.
What effect if any will the oil inventories have as it is double what was predicted ?
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I thought, that payrolls of oil inventories may considered in price, so revers effect may be not so strong, then it is holiday season starts in U.S.A., demand for gasoline grous, so trend may continues, i think.What effect if any will the oil inventories have as it is double what was predicted ?
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Congratulations!If it is not a secret. Can you tell - were did you place your stop-loss or how much pips? I am starting to trade oil at daily time frames.
My stop is at 102.50.
Oil above $106, nice!
My stop is at 102.50.
Oil above $106, nice!
How is your position? Did you close?
Hi Guys
Just want to start trade in oil and i need some information how to start?
how much lot ?
Long term or short one?
and any extra useful info?
thanks
Hi! How to start trade in oil?
At first you should find a broker, that fits you.(look at deposit, spread)
Depending on your deposit you may start trade cfd(contracts for difference) or futures.
Lot - if you start first time, take min.lot and don't forget about money management.
Long term or short one? - You should decide for yourself, according to your trader system.
Extra useful info? Whatch bloomberg tv, yahoo finance, news.
Good luck!
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