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On our US OIL charts we have seen a large rally. These rallies come to an end ultimately and price pulls back VISIBLY on larger timeframes.
If you trade small you can accumulate such positions and you will not be hurt. you can also use the gains accumulated to offset any losses.
There is a larger margin for oil to move but we are looking INTRADAY on this trade.
Remember we are not looking to exit overnight. Sometimes these trades take time and because your RISK management is correct you will handle it just fine.
Make sure you exit when you have gains, you can RE enter on the way down.
Most importantly make sure you Risk management is correct when trading assets that are heavily sentiment driven.
On our US OIL charts we have seen a large rally. These rallies come to an end ultimately and price pulls back VISIBLY on larger timeframes.
If you trade small you can accumulate such positions and you will not be hurt. you can also use the gains accumulated to offset any losses.
There is a larger margin for oil to move but we are looking INTRADAY on this trade.
Remember we are not looking to exit overnight. Sometimes these trades take time and because your RISK management is correct you will handle it just fine.
Make sure you exit when you have gains, you can RE enter on the way down.
Most importantly make sure you Risk management is correct when trading assets that are heavily sentiment driven.
Note
Out for profit. See new analysis.
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bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.
Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.