Crude Oil Day Trading Only

fade up today's movement..moved out without loss.

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I lost 20 points initially when crude was retracing but later made 42 points in its strong uptrend. Net 22 points.Today, a important lesson learnt by the losing trade and that is important to me !

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I dont have much knowledge in crude trading. Is it same as like Equity/FNO.
What is you entry exit criteria in crude oil? What are the points to consider while trading crude??

Crude trading is much different than equity or nifty fno.
Where equity in its uptrend/downtrend can keep on moving up/down for days without major retracement but crude while on its strong uptrend/downtrend can go for big retracements.
Crude oil is called beast. Its complete day behaviour is difficult to fathom because crude oil is related with many events/criteria and timing. Support and resistances play very important role here. We should know what the crude is doing in its hourly/4 hour/daily charts. It will give ideas to day trade.
But, whatever we know, crude oil demands more. Perhaps thats why it is called Beast. It requires experience to day trade it. So start with mini 1-2 lots only. Dont go higher. Because I know it will take much time(even years!) to master it.
Best of luck !

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made +17 points in crude bull side.

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aaj to crude oil ghode ki tarah upar daud raha hai..may cross 3460 today itself !!

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crude oil is targeting 53.6 $ today...its quite possible today!!

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Yes it can touch it today...

today crude is in full bullish mode. will remain in long till 11 pm. no greed..no fear

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aaj to crude oil test match khel gaya..still made +22 points.
but learnt a good lesson.

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