TradingView
k314
Apr 13, 2020 3:44 AM

Crudeoil (USOIL) buy setup Long

TVC:USOIL60
WTI CRUDE OILTVC

Description

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Buy USOIL between 23.85-23.00

T1: 27
T2: 31

SL: 21.85

Trade active

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Trade closed: stop reached

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Comment

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Channel bottom broken

Going short below 21.6 with a SL of 23.30

Trade active

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Short trade active

Comment

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Going to short on pullback upto 22.50

Trade active

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Will book partial profit at 19.50

Comment

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Made a low of 20.00 so far

Trade closed: target reached

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Partial profit booked at 19.50 with save profit at 20.95

Comment

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Going to exit completely at 17.50 with save profit at 20.95

Comment

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After booking partial profit at 19.50 squeezing down the save profit to 20.35 with target of 17.50

Comment

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Made a high of 20.32 and missed our save profit order at 20.35

Trade closed manually

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Exited completely at 20.35 after save profit got triggered.

Comment

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Loss is long trade recovered by reversing the trade (shorting) after channel breakdown.
Trend AnalysisChart PatternsTechnical IndicatorsCrude Oil WTICrude Oil
Comments
Sidharth_Kr_Jain
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SL hitted
k314
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@Sidharth_Kr_Jain,
Yes. Now that the channel bottom is broken we will look for an opportunity to short. Lets wait for the current candle close and see what happens. We can decide later based on how it reacts
Sidharth_Kr_Jain
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@trex88, It has retraced 78.6% of 29.30 from 19.33 which comes to 21.42 n just gonna hit 21.13 n looks like that was the bottom. Brent need to hit 30.65 n hitted 30.80 till now and it look better to be in long with SL 20.90$. But definately it is not short at cmp. Just my view
k314
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@Sidharth_Kr_Jain, You are right
amarkundey
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Sir, I hv crude buy @1790 April Future. Should I hold ?
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