Subscribe Now: Feed Icon

Khamis, 16 Februari 2012

Analysis Crude Oil - 176Feb12

 Crude Oil (Mar 12) intraday: the bias remains bullish.
 ( 16/02/2012 20:28 )

Pivot: 100.80

Our Preference: LONG positions above 100.8 with 102.6 & 102.9 in sight.

Alternative scenario: The downside penetration of 100.8 will call for 99.9 & 99.3.

Comment: the immediate trend remains up and the momentum is strong.

Trend: ST Bullish; MT Ltd upside

Key levels Comment

104** Intraday resistance
102.9** Intraday resistance
102.6** Intraday resistance

101.38 Last

100.8** Intraday pivot point
99.9* Fib retracement (50%)
99.3** Fib retracement (61.8%)


Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.

Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

2 ulasan:

  1. Hey Ya'll,

    I've created a list of the highest ranking forex brokers:
    1. Best Forex Broker
    2. eToro - $50 min. deposit.

    Here is a list of top forex tools:
    1. ForexTrendy - Recommended Probability Software.
    2. EA Builder - Custom Strategies Autotrading.
    3. Fast FX Profit - Secret Forex Strategy.

    I hope you find these lists helpful.

  2. ForexTrendy is a revolutionary software capable of detecting the most reliable continuation chart patterns. It scans through all the charts, on all time frames and analyzes every potential breakout.


Forex Currency Converter

Live Forex Fx Market Prices

Gold Price

Silver Price