crude-how to know turning point

Hi i am lawrence

i am beginers of share market

and now i am doing crude oil in mcx

but i do not know how to do initialy i lost so much

but now iam learning

pl explain skfc turning point for crude oil


regards
Lawrence

Dear friends pl let me know the skfc turning point of crude oil?

how to identify the turning point?in crude oil?
pl give me answer

Lawrence, I got a little mixed up in the other thread. Are you referring to the market that is currently at 88.17, or a market peculiar to India only?

Dear lawrence,
What is this SKFC turning point?

Hope you want to know trend reversal of Crude.........

dear vijay

how to know the turning point?in crude

because skfc finance said after turning point we we should keep +4 for long

-4 for short in regular interval 40 points get gains in crude

but how to know the turning point?

regards

lawrence

Dear lawrence,
so SKFC are one broker?....if you go some good threads in TJ and learn some basic stuffs of TA ..you will know reversal/entry signals your own...better than free cooked food(Tips/analyses)...you can cook your own ....

LOL, good line, VJAY.

And the chef is in. Cooking up those pips hot and ready to go.

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Lawrence, VJAY answered your question nicely. You need to learn a methodology to trade by, and then it will show you the reversal points. I posted a chart. The only reason I'm doing it is to show how to do it, but it is not meant for you to copy my methodology, and be it far from me to ever say I have the only one that is any good.

It is a chart of crude oil. It is currently moving north, but the top of the cloud looks to contain this move, at least temporarily. There is additional R on top of the cloud in the form of the tenken.

At the bottom of the cloud you knew it was going to reverse, because that gold line is the bottom of a standard deviation channel which formed a confluence with the cloud.

This is just a tiny microcosm of what is there to use. The best thing is to experiment with indicators, or trendlines, or chart S&R's, or drawing tools, or candlestick patterns, or whatever else comes to your mind, then post in this forum your findings, and then there are many of use that will be willing to dissect whatever you got, and help you along your journey.

Dear my friend,

Thanks a lot for your great teaching of methology.

pl kindly tell me some more idea


regards,

Lawrence