Simple Scalping Crude

[ashu1234]

Hi,
Starting this thread to post some simple and quick scalps for crude oil. Will be posting frequent charts as and when I trade or see opportunity. And reason behind starting another thread is to give a simple classing MA and PA based system to scalp crude for 10-20 points per scalp. Beginners can start to trade with crude mini if they want. Chart which will be posted will be international Crude oil, Time frame may vary but basic ema's i'm using is 20-50-100, and rest will be timing through some basic pa.
Here we go....:thumb:
EDIT:
Some basic advantages and rules for using MA's:

1. Markets can be rangebound(with low volatility), volatile+rangebound and finally trending(up or down) apart from that i dont think anything exist.
I'll be giving live examples for each type of session and clues on how to trade it/identify it with using ema's and some price action.
2. Staying with moving average to trade on smaller tf gives advantage that you stay with trend most of the time and not against it.
3. We use larger term MA (which is 100 in our case for the bias) time frame can be 5 minutes to 15 minutes for small swing points(basically its curve fitting which works best at the time of using it. We deal it with as and when situation come.
4. Moving average Cross over we should avoid in the beginning, We better use mid and long term moving average retracement in up and down trending market to ensure low stop loss and right trend.
5. Will add more later.

 

[ashu1234]

Some basic explanation for above chart, will try to keep it simple, system is very simple, i'm just giving live examples to trade. Idea for the current setup is to sell on 100 and 50 ema, which is green and black. SL will be 20-30 cents above black line. Target will be 15-20 mcx points.

http://cl.ly/image/1y0g2Q2J0o1z

 

[ashu1234]

Selling point @46.42.
http://cl.ly/image/3A3k370q3V0b

pardon me for posting linked images, cant make it to appear in forum, using automatic software to upload on cloud.

 

[ashu1234]

Things got murky at previous swing, denoted with red triangle. but now SL at 46.73 is in place.
http://cl.ly/image/2t2K2P2E2u1T

High volatility was expected as short was taken against big white bar, but its all about taking chances, sticking with setup and downside bias for the current day.

 

[ashu1234]

EMA's are all jumbled up and flat, suggesting sideways and PA suggesting upside momentum for a while. Usually I prefer to exit at this point, will be a good choice to wait for right alignment to form and pick it up from there.
http://cl.ly/image/1j1T1c1i1910

 

[Sammy.Young]

Hi Ashu,

i didn't understand your set up. Are you trying to trade based on 50/100 EMA CO or something else?

Rgds

 

[ashu1234]

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[ashu1234]

Hi Ashu,

i didn't understand your set up. Are you trying to trade based on 50/100 EMA CO or something else?

Rgds

Its a EMA setup, but I'm not trading crossovers as it gets sometime very delayed, Idea for trading is first set a trading bias, then trade ema touches of higher level. Like for selling I'll sell on or near higher ema touch where Price action also supports selling. Will try to explain some trade planning before trying to trade ema so that one can get best entry and short stop loss, rest profit will come in due course. Focus will be more about entering and avoiding choppy market to minimize losses.

 

[ashu1234]

Hey guys, postimg is a great app for uploading image and get the link. Try it, i'm using it and it works great.

http://postimage.org/app.php

I previously used cloud app but it didnt work, but above one is working fine. will save time for most of the traders.

 

[ashu1234]

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