A1 Trading Company

September 27, 2023

USOil Breaks Through the Highs! (+$2646.85)

TraderNick

Hi, I’m Nick!

I am the founder of A1 Trading, market analyst, YouTuber, and creator of the EdgeFinder software tool.

I caught a huge winner on USoil with the help of the EdgeFinder! In this article, I’ll walk you through my thought process behind the trade and how I found this crazy runner!

Finding My Entry

On Wednesday, September 20th, the EdgeFinder was showing a strong bullish bias based on COT and other economic data. On the technical side, I was seeing a strong upward trend on the 4H as well as a bullish rejection on the 1H chart. I decided to enter at 89.583 and place my stop at 88.336.

I got stopped out.

I decided to reenter my oil long the next day, placing stops below previous lows.

I got stopped out again.

Tuesday, September 26th

After almost a week of waiting patiently, I re-entered my oil long, placing stops below previous lows.

Analysis:

Fundamentals were still very strong and there was strong rejection happening on the lower timeframes.

Patience Pays Off

Overnight, my USOil trade became a big winner!

Today, I have been watching the trade soar higher and eventually breaking through recent highs. What a runner!

I am trailing my stops and letting the trade run for as long as it wants to. I'll share an update in our free discord channel when I exit. Join the discord channel to see the updates!

Want to get notified when I take a trade?

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DISCLAIMER: All comments made by TraderNick’s Forex Group, LLC are for educational and informational purposes only. All comments should not be construed as investment advice regarding the purchase or sale of any securities or financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities or financial instruments mentioned by TraderNick’s Forex Group, LLC. TraderNick’s Forex Group, LLC assumes no responsibility for your trading and investment results. All information on any of the platforms utilized by TraderNick’s Forex Group, LLC was obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. TraderNick’s Forex Group, LLC, its employees, representatives, and affiliated individuals may have a position or effect transactions in the securities and financial instruments herein and or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies. Trading of any type involves very high risk and may not be suitable for all investors. TraderNick’s Forex Group, LLC, its subsidiaries and all affiliated individuals assume no responsibility for your trading and investment result. Read our full disclaimer here
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