XHTML: Add a Sell Stop 106.85 on crude, with a 40pip SL. TP at 105.84

Tom29:

You mean 108.85 ?

XHTML:

108.85? Are you looking at the September Crude Oil futures chart? The last time oil hit 108.xx was 2nd August.

Tom29:

Hey am doing it wrong. on my chart forextime. com the price is now 108.70 as time of posting. The symbol shows #BRNU3 (Brent crude futures, Sept 13)

XHTML: See what I mean here:



You can read up on the differences here - http://commodityhq.com/2011/crude-oil-guide-brent-vs-wti-whats-the-difference/


SL hit on my last trade, oh well. I will be on the sidelines for now.

XHTML:

No, that's different, I trade the Light Sweet crude. They sometimes follow similar schematics, just slight price differences but since I don't have a chart up I can't say much on that.

Manweysabi:
Hello,
Please, how do i fund my account locally?

Sent you a P.M

naijababe:

Please don't short it anymore, it is brewing for the move to 110.xx in my opinion. If you use fibonacci and weekly pivots you will see why, I will post a chart in 30mins

surveycash: Today's market can be described with one word - STAGNANT

surveycash: Today's market can be described with one word - STAGNANT

XHTML:

Interesting. I was expecting price to retrace at the Intraday Pivot point (107.1) down to 105.xx.

XHTML:

Not so stagnant, I'd say. Some pairs are delivering some good amounts - AU for example.

Perhaps in times like these one has to step down to the lower timeframes to capture those short moves.

naijababe:

Here you go, note the weekly fib-lines and the bounce at 78.6% which one of the key ratio, on the 4h, see how the 38.2% level which also doubles as the weekly pivot holds.

onlineresource: yesterdays gold trade got to 1297 which is the projection i said earlier and of couse we saw the reaction
on the pair, though market was meant to buy, i was suprised when i saw the long sell candle this morning
that swallowed my stop on the buy from 1297...
which brings us to the current price on gold...
price is now below the monthly pivot and if you read my analysis on sunday,
i said if 1297 area is broken then price will likely head down to 1270 area

Currently on a sell from monthly pivot which is 1293.21 with 40pips stop...
(Sorry, i should have posted this earlier)
let see how this goes

onlineresource:

Trade now on break even
1hr candle has already broken 1283.37 weekly pivot which shows further movement down...
though am still wait for the the close of the current 4hr candle to confirm the continuation of the sell
which will be by 6pm...

Kirinwa:

Please on what basis? News came out bad for Jpy meaning buy.Last time I checked bears weren't strong there.Good luck anyways.

brio: Hi all Ogas and Madams at the top!
I have been following the thread in recent time just to view how things is being done here.
I like the alerts some of you gives. I was once a forex trader but lost all my funds on the trade and this really discouraged me about forex trading. But something always tell me that I was the cause of it because I always disobey common rule I should follow. I want to start trading again. I need everybody advice. Can I succeed in this business? As I see people are succeeding in this thread from the result I am seeing.
This is my first post on this thread!

naijababe: Sold EA, sl at 1.4880, tp at 1.4550

adeyinka_basir: Buying AUD/JPY now shouldn't be a problem......pls som1 advice me ooooo?