Oil_stratgy
Stratgy for trade oil ramin stratgy
buy= on 15 min chart wait 1 red candel close ,put buystop (on trendy markets like gold,oil never use buy or buy limit) on last clear high
stoploss= below last clear low take profit = 3*sl or next daily piviot point
sell=reverse of above
money managment =1000$ max open posation =0.02lot
3 week try it in demo to find its secrets
can oil crash again? yesif below trend break oil can see 15$-20$ so be carefull from buy
for find target use this drawing tool =trend FIBO EXTENTION 61-100-161% (it draw on last N shape)
never open reverse pos on it alone , you need 2nd signal like EMA200 or support near it ,then you can put sellimit on it
in ninjatrader =fibo projection,,,,, in metatrader you must load it to drawing tools,by right click on menu
for more info about it search on youtube =fibo expantion