USOIL: 2015 OCTOBER 9 HIGH OF 50.89 STILL MAGNET

Uptrend still intact, the weekly chart says, though the daily chart is showing some signs of weakness.
That said, what I wanted to see last week in order to turn full bearish didnt materialise.
On that note, I see these........

Bulls might buy the June1 and June2 tails.
Watch out for a possible DB w/ May 23rd Low of 47.40 (Red Circle)

Two ways to trade: Buy stop above June2 High
And Buy on Limits, the tails of June1 and June2

Ideal stoploss for long = few points below May 23rd Low of 47.40

For Target, I wouldnt put a limit, but 2015 October 09 High of 50.89 still a magnet.
Will study Price Action when there.



In my much improved price charts reading, which I dubbed NEO-PA, ;) I would do less talking and less publications of different charts. I intend to do more updates to same charts, and also do live calls in @nmike's chatroom- www.tradingview.com/chat/

It is important for me to underscore here that, I do not inculcate News/Fundamental reasonings into my technical analysis, as I am not good at that exercise.
I also do not use any other indicator, apart from 20EMA(which I can do w/o, anyway ;) )
My analysis and calls are purely based on price action bar by bar analysis, based off the outcome of my obsession and immersion into charts over 8years of trading.

How can I finish off w/o saying this...........
I want to mention also that, I have borrowed one or two ideas from @timwest and @IvanLabrie , @jangseohee and @nmike and @Alexander_Nikitin .

I definitely cannot exhaust the list of people I have picked one or two great ideas from.
Thanks to everyone that taught me a thing or two


Im currently doing trading, full time for a living. And would like you to share in my private funds managment. If you have capital of not less than $50 000USD.
You can send me a mail to [e-mail] or PM me for a discussion today!

Updating.......

تعليق:

USOIL: "Two ways to trade: Buy stop above June2 High
And Buy on Limits, the tails of June1 and June2 "

Buy stop triggered! ^_^
s3.amazonaws.com/tra...shots/u/uvhwLfkl.png

تعليق:

That was a great close yesterday.
We near the high, and that's a concern- (possible DT), otherwise....

Still BMA ( Buy Mode Activated)

تعليق:

DT, yes. But I'm not TP here. I prefer to be taken out on BE stop. s3.amazonaws.com/tra...shots/8/8njKYyoL.png

تعليق:

NO COMMENT ! s3.amazonaws.com/tra...shots/c/cgCzzHBo.png

تعليق:

Trends are like Super Tankers.!
It is an error to define Trend w/ a Trend Line.What is your unique definition for a trend?
s3.amazonaws.com/tra...shots/c/cuI8d158.png

تعليق:

USOIL_Daily: "50.31" IS THE CRITICAL PRICE FOR ME s3.amazonaws.com/tra...shots/u/uWdNPWgg.png

تعليق:

It's important to note that this statement is based off DAILY CHART only! Nothing else matters(to me)

تعليق:

No matter how oil closes todai, We potentially have seen either the top, or the start of Pullback. = If you held long = bank the cash, and stand aside for now. If tis a PB, we'll know, and we can rejoin in the long , should that happen. s3.amazonaws.com/tra...shots/l/lySijO5V.png

تعليق:

By Implication, trading off daily charts here, I wont short yet. Sell Mode also Not Activated for me, Buying now is also not yet, as per my ideas. IMHO. With due respect to all other ideas.

تعليق:

s3.amazonaws.com/tra...shots/z/Z6iJUnqK.png

تعليق:

I follow a methodology. And so, I do nothing until my method says so. s3.amazonaws.com/tra...shots/g/GLMXht4H.png

تعليق:

Oil shows sufficient sell pressure. Im aware. I also see a potential CRITICAL ZONE. And so, I might turn bearish if......but not yet

تعليق:

USOIL: Some reaction here , on the CRITICAL ZONE I've been talking bout s3.amazonaws.com/tra...shots/i/iJIQDGkK.png

تعليق:

s3.amazonaws.com/tra...shots/n/NSCDRu7c.png

تعليق:

USOIL_Daily: MA Gap by close of day...? We'll see. If the last push up doesnt start, then this think cud fall further. Already, there's sufficient evidence of selling. s3.amazonaws.com/tra...shots/y/Ynx3Y41D.png

تعليق:

I'm doing a sellstop: It doesnt mean Im already in. If mkt indeed would go down, I wanna be swept into the trade. If MA gap expected on daily happens = I switch to long. s3.amazonaws.com/tra...shots/5/5GxmhNuG.png

تعليق:

Ok. Oil triggere. s3.amazonaws.com/tra...shots/d/D4m5hOyU.png

تعليق:

USOIL: Move stops to critical price s3.amazonaws.com/tra...shots/k/Kt6TK4fs.png

تعليق:

its been a rocky day! I book profit 2X the risk here. s3.amazonaws.com/tra...shots/r/rOkUWu0p.png

تعليق:

CRUDE OIL, back to entry. Profit booked last night=timely! s3.amazonaws.com/tra...shots/9/96qmIhf5.png

تعليق:

USOIL: Back into critical zone.BUY......?or SELL.....? s3.amazonaws.com/tra...shots/h/hf3RKIpY.png

تعليق:

Im a bit concerned bout the buying pressure seen hereUSOIL_60: Very tight bull channel, And that have me thinking that every slight PB wud be bought.
PBs, possibly, but if it leads to a trend reversal downside= I'll join on the evidence of enough selling pressure s3.amazonaws.com/tra...shots/r/rJWYG9mB.png

تعليق:

And so....it keeps flying......
Patience!we'd get in when tis time s3.amazonaws.com/tra...shots/l/LexHmFYw.png

تعليق:

USOIL_240: Some evidence of a possible ' BMA' (Buy Mode Activated ) seen.... s3.amazonaws.com/tra...shots/t/tUepqXVv.png

تعليق:

s3.amazonaws.com/tra...shots/c/CFXOSEre.png

تعليق:

Im thinking of buying close if current 1H shd it meet my conditions. I'll do very tight stop = I careless s3.amazonaws.com/tra...shots/g/GsklyXMR.png

تعليق:

USOIL_DAILY: MA gap Makes me wanna
think that Oil might test
BX = HH,LH,DT MTR s3.amazonaws.com/tra...shots/b/BSL2lZM9.png

تعليق:

OK. i'M doing the risky thing! s3.amazonaws.com/tra...shots/7/7pTkc18U.png

تعليق:

stop is kept too wide, cos we cud retrace down to possible buyzone, which is fine still. On the other hand, should we take off from here = I'll maage trade by updating stop s3.amazonaws.com/tra...shots/v/vnvoQgBe.png

تعليق:

Confidence jumps from current
50% to 60% , shd we trade above here 47.73 s3.amazonaws.com/tra...shots/f/F8AcGCdu.png

تعليق:

Im out to be w/ wife and kids

تعليق:

USOIL_240: I like how the 4H bar closed s3.amazonaws.com/tra...shots/b/buj3Xy0T.png

تعليق:

USOIL_60MINS: Now, that's awesome! s3.amazonaws.com/tra...shots/1/1c8Scjye.png

تعليق:

Risk minimised now(confidence up) .We'll do this gradually....... s3.amazonaws.com/tra...shots/9/9OrhhMil.png

تعليق:

Visit 'NAKED TRADING ROOM' for crispy fresh calls today!
S&P500 / SPY
GOLD
SILVER
CRUDE OIL
NATURAL GAS
Link to Room: www.tradingview.com/chat/

تعليق:

USOIL: @ mkt open: 2016-06-20
s3.amazonaws.com/tra...shots/b/BPd7njy9.png

تعليق:

OK. I book OIL here, due to some reasons. I'll explain. Im still preparing my TV charts. I gained 2.5x my risk amount

تعليق:

USOIL: This is why I booked OIL here.I'll look for a good price to re-enter.Nice profit, that was
s3.amazonaws.com/tra...shots/m/mgo8O5qf.png

تعليق:

USOIL: It's important that I state here that, I do not see a potential turn down yet. This cud be a minor pause, or PB, and if we must go up, then we must break this terminal resistance w/ some force. And that....I do not wanna miss. I'm sitting on a profit cushion, and would re-enter at my signal, according to my NEO-PA idea

تعليق:

s3.amazonaws.com/tra...shots/q/QnPXAgij.png And so, we did indeed break tha temporary resistance with some force! ;)