Oil stocks moving BUY!!

1 Eyl 2023

Oil stocks are moving. Buy the strong ones. This is a good chance to move your account by 7 - 15% in a month!! with a risk of about 3%

OII TDW FTI TTI HLX

Reasoning

• Whole Industry is moving!
  
• Consolidation seems done
  
• Correction is not overextended
  
• Good Relative Strength
  
• Great earnings
  
• RSI tested bullish range multiple times
  
• Multiple Bullish Days
  
• Always try to use 2 timeframes
  

My Would Be Trade Plan

• - Try to get into 3 stocks in the sector that are moving. You MUST enter the leading stock because the leading stock always moves 50% more than the second stock in sector
  
• - Initially risk 0.75% and then double position once stock moves 5% in your favour. (1.5% position)
  
• - If Position moves 20% in less than 15 bars, sell at 7ATR from initial buy ELSE Sell at 4ATR from initial buy
  
• - Raise stop to entry when stock is 10% in your favour
  
• - If, you have doubled position. Exit if stop closes below initial buy! Else keep original stop
  

Main Sources of My Knowledge

• Mark Minervini
  
• Constance Brown
  
• William O'neil
  
• Speakers on Trader Lion Youtube
  
• Adam Khoo
  

My Indicators

14 Period MFI.

• 13SMA and 33EMA Moving Averages added
  

Composite by Constance Brown

• This is for catching failures in the RSI.
  
• The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
  
• Composite Settings
  
• Author : Constance Brown (Connie Brown)
  
• RSI Length : 14
  
• RSI Momentum Length : 9
  
• SMA Length : 3
  
• Fast Simple Moving Average : 13
  
• Slow Exponential Moving Average : 33