OANDA:WTICOUSD   West Texas Oil
Here I see a retrace back to the 50EMA line. Will short here to see if we make another run down to the 58. Cheers
评论: Still in this trade. I did do something which I don't usually do which is I moved my stop to 63 from 62.5 so I was NOT stopped out. I rarely every touch my stops anddon't recommend most people do. But for some pairs you will see the fluctuations are huge and sometimes you need to think about how the overal trend is and act accordingly. I am still very bearish on oil. will watch and see. I may exit early if I notice a sideways move or hesitation of it going down further.
交易结束:到达止损: I got stopped out of this one for a loss. But then went back in today on the turn of the tide. Made a small profit to make up for some of the loss. I am holding a position in oil to see if it will go back to 60.
It was a nice setup but there was a big engulfing green candle so I wouldn't go short

But as we see now there has been a reversal at 64. Also there is a red engulfing candle which started the down trend and it loosk like a good short now. Hopefully we see 58 or even lower.
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hachemnader mo.aswad
@mo.aswad, True, but I don't usually follow engulffing, I was playing off the EMA lines. That is why stops are there ;-) can't win every trade. thanks for the feedback.
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hachemnader mo.aswad
@mo.aswad, Oh and the trend is down so no reversal just pull back to 64 and then continue downtrend. Always trade within the trend I wouldn't enter a long on this chart only look for shorts.
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