Date: 25.October.2011
India Time - 18:00
Dear Friends,
Below are MCX CRUDEOIL levels for 25.Ocotber.2011
_________________________________________________
SKFC MCX - CRUDEOIL TURNING POINT (TP) = 4344
Strategy No.1 with TURNING POINT (TP) is as follows -
Example -- If CRUDEOIL TP = 4386, then
Long at 4386 + 4 = 4390
Short at 4386 - 4 = 4382
Strategy No.2 with with TURNING POINT (TP) is as follows -
Long when the 5 min candle closes above TP
Short when the 5 min candle closes below TP
_____________________________________________
Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.
Roll over position on expiry.
_________________________________________________
Disclaimer -
Readers of this post must take the contents only as a learning experience.
Stock / Future contract levels are derived from material and information readily
and freely available on the internet.
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility.
_________________________________________________
Best Regards,
SKFC Mumbai
Profit by choice not chance
India Time - 18:00
Dear Friends,
Below are MCX CRUDEOIL levels for 25.Ocotber.2011
_________________________________________________
SKFC MCX - CRUDEOIL TURNING POINT (TP) = 4344
Strategy No.1 with TURNING POINT (TP) is as follows -
Example -- If CRUDEOIL TP = 4386, then
Long at 4386 + 4 = 4390
Short at 4386 - 4 = 4382
Strategy No.2 with with TURNING POINT (TP) is as follows -
Long when the 5 min candle closes above TP
Short when the 5 min candle closes below TP
_____________________________________________
Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.
Roll over position on expiry.
_________________________________________________
Disclaimer -
Readers of this post must take the contents only as a learning experience.
Stock / Future contract levels are derived from material and information readily
and freely available on the internet.
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility.
_________________________________________________
Best Regards,
SKFC Mumbai
Profit by choice not chance