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short from 100.12 edit @ 13:32 eastern: i was looking for a bearish wolve wave/rising wedge. target is around 98.50-.80 area.

nice short play off of the 38.2% retracement line. there also was a pivot point around 100.12 or so. unfortunately i woke up a bit late to catch it at 100ish so i went short around 99.19 at 10 am eastern and rode it for awhile. :) :D

off by 13 cents again. :mad: it turned into bearish gartley before it got there. oh well.

we now might be in CD leg of a bat pattern. if so we should test 101.68-102 soon.

here it is sir http://www.trade-forex-harmonic-patterns.com/harmonic-trading-tips-shark.html

January indeed. good luck all. btw, i was off by 12 cents. high hit 103.37. :mad: :D that was a nice shark pattern.

thanks for the info, Picaso. the wolfe wave up seems to be complete. if not, i dont see it going much higher than 103.25. if the wolfe wave indeed is complete, then it should go below 101.22 next few days to eventual target of 100.25-.75. good luck everyone.

is it 80? i heard from somewhere few yrs ago anything above $60/barrel is profit for them. no longer the case?

103, here we come! will look for squeeze at 14:00 eastern.

stopped out at 102.11

short 101.97

a break below R2 will confirm head n shoulder.

waiting to see if we develop a head n shoulder. top of right shoulder would be around 102 or so. another scenario would be to develop a final leg up of 3 drive up which would make a new intraday high. also, looking to short if we drop below R2(101.22 or so) failing to do either of the above.

verrrryyy niiicee! i nominate you for the Trader of the Week! :cool: :D

Visaria, i hope you are holding onto your longs tight and close.

out at 101.92. bastards...

shorted at 101.94, tight tight stop.:D

R2(101.22) providing nice floor so far. i wouldn't be surprised to see 103 either today or tomorrow.

out flat. will wait til after oil inventory.

did a war break out? short 101.65. good trades Vis.