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Brentcrudeoil

Bullish BRENT CRUDE for 8/218/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA . I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA , then candle close above 3 SMMA ). This is a day trading technique and I will not hold any position over night. My plan is to place 2 trades once I get a buy signal on the hour time frame. One trade will have a 20 pip stop and a 20 pip take profit target. The second trade will have a 20 pip stop and no take profit target. The second trade is designed to grab any strong bullish movement for the day. Each trade is worth 1% of my beginning daily account value.
TVC:UKOILLong
by BACapitalManagement
OIL Brent Crude OilOIL under observation for possible LONG positions. The indicator in my algorithm has shown good results in this last month on the Daily chart (blue rectangles in the original post on my blog). This ticker has been ranging in a box between 53.00 and 56.85 (apart from a couple of false breakouts long) which suggests - together with macro indicators - that the price is being contained in that area. The moving averages on Friday seemed to be pointing to the LONG side and a price confirmation would trigger the trade. Another interesting indicator would be the breaking of the level at 59.00 which might potentially skyrocket the price in the area of the 67.00. A box break Long would thus have a first cap at 59.00 whereas a break Short would meet a first support in the area of 49-ish and another further down to 44.5 Given the bullish sentiment for this ticker, even in case the breakout goes short at the moment I would aim at the first take profit, as it is currently not probable that the ticker depreciates down to the 44. Prices refer to this chart and may vary with other platform/brokers. I always discuss and follow up these ideas on my blog.
TVC:UKOILLong
by AlbionTrader
BCOUSD @ 1h @ recovery is imminent (this 51th week)Between 54.015 & 53.800 and between 53.800 & 50.800 the big picture is still bullish ... Start of last week we got a good news from the OPEC - as the price rocked Up (from 53.130 until 55.501). Suitable in this context is maybe the technical fact, that while the 2nd half of the week, traders traded BCOUSD in a trend-reversal-formation (something like a w wave). And that the price also breaked out of the downside trend (since mondays weekly high & tuesday intraday high). All in all, this fits the great overall picture, in my opinion! In principle, even between 54.015 & 53.800 and between 53.800 & 50.800 a pretty slightly bullish chart ... 56.027 (a) horizontal line - yearly high 2016 55.270 (b) horizontal line - tuesday intraday high 54.684 (c) horizontal line - wednesday intraday high 53.663 horizontal line - (high, start) wave formation 53.458 horizontal line - (high, middle - 1st of 2) wave formation 53.430 horizontal line - (high, middle - 2nd of 2) wave formation 53.423 horizontal line - (high, end) wave formation 53.032 horizontal line - temporarly high of last week before 52.695 horizontal line - (low, start) wave formation 52.511 horizontal line - (low, middle) wave formation 52.113 horizontal line - (low, end) wave formation 51.585 horizontal line - end of startline (last upside trend of last weeks before The highs of the w wave (even horizontal lines) are usefully to get long again or even if you`re not long (more or lesse around 53.663, 53.458, 53.430 & 53.423). The temporarly high of last week before is so much important, at least in my opinion, `cause prices above are confirming even a trend-reversal-formation. On daily candlestick charts you can see and realize better what i mean :) How ever, also the lows of the w wave are usefully to get long, but this would be much more interesting for scalper or even intraday trader. `Cause if the prices around 52.695, 52.511 & 52.113 not holds, 51.585 ios still in play. But all in all as i said at the start BCOUSD prices between 54.015 & 53.800 and between 53.800 & 50.800 are making the big picture is still bullish ... Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) This is only a analysis (for swing traders) - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
OANDA:BCOUSDLong
by Devise2Day
[BCO][BRENTCRUDEOIL]Sweet retracement followd buy a trend switchHello everybody! First time for BCO. I have bee asked to put a daily chart. then let's go. Anyway, No risk plan Ahead. WIN WIN situation. BCO touched a major resistance and it's now retracing to it's .5 fibo lvl. Match plan : 1 - take (BUY)the retracement ( at least 260 pips ) 2 - when PA is in the Sell Zone, Sell what you bought. 3 - Wait until it retraces a little and (if not invalidated) -->Sell ------------------- I Will be coming back with a hot zone if asked. Questions ? Ask them. **Never forget your helmet when you take the right candle** **Enjoy trading ! it's thrilling" and **SL should NOT and almost NEVER be beyond 10 pips! JUST Wait for the right moment to get in ( Currencies )*** **I am trying to be as much precise that I can. ** **Use TradingView as a confirmation tool for your own strategy** **Please study hard before placing your money on Forex** Look at my other ideas right Below. **You like what you see ? give it a thumbs up**
OANDA:BCOUSDShort
by KinkoHyoTrading