Watching Oil for a potential long entry. There appears to be an inverse head and shoulders forming on the 4-hour chart.
If the 4-hour candle closes within the expected range and 3 of my other variables are met, I’ll consider entering a long position.
Trade Details:
📊 Risk/Reward: 3.8
🎯 Entry: 62.658
🛑 Stop Loss: 61.941
💰 Take Profit 1 (50%): 65
💰 Take Profit 2 (50%): 66.08
#GTradingMethod Tip: Predefine and accept your risk before entering a trade.
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Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
If the 4-hour candle closes within the expected range and 3 of my other variables are met, I’ll consider entering a long position.
Trade Details:
📊 Risk/Reward: 3.8
🎯 Entry: 62.658
🛑 Stop Loss: 61.941
💰 Take Profit 1 (50%): 65
💰 Take Profit 2 (50%): 66.08
#GTradingMethod Tip: Predefine and accept your risk before entering a trade.
Thanks for checking out my post! Make sure to follow me to catch the next update. If you found this helpful, give it a like 👍 and share your thoughts 💬 — I’d love to hear what you think!
Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
Trade active
Trade opened at 62.55. Following the GTradingMethod, I opened the trade immediately after the 4 hourly candle close din the range.
Like all us traders, I am hoping to see a MASSIVE push upwards now.
Would be great if I don't have to hold the full trade over the weekend and I can take some profits off the table.
Trade closed: stop reached
Unfortunately the market gapped down at the open this morning.SL got hit and I am out the trade.
Looking like oil is forming a double bottom on the 4 hourly.
Time to reset, look for another setup and follow all my rules.
It is a game of probability.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.