TrADing dAIry / Funded acC / cOMbINE hELP

How Much points 5 Ticks in crude comes out to be in MCX ?

Your RR is pretty Attractive .....,You need only 30% Winners...Awsome

Sure Blackhole.. Will post the 30min chart as well.

A tick movement in CL is relatively equivalent to a point movement in MCX. So both resembles the same.
Currently my winning percentage is 52%. In fact that's the stat I am focusing these days to improve.

How was you able to catch bottom using 1 TF .....How do u define that Horizontal line marking support for entry???

I know it will be ridiculous if I say that I try to catch tops and bottoms. But that's what I always do and that's the reason why my initial stop is so tight. I believe that the level that has some significance in the past will do something on the first retest. So if I am looking for a long trade, I look for an untested level where market trapped some bears in the past and continued up, in the last impulse swing.
Have a look at the following image from my journal. I hope it gives you an idea about how I will deal with it. My entry will be a TST or BOF of the level..

And here if you like to see another example. This is also LTF chart again.

One and done again.. Market started to go crazy due to festival season..

Slow market action.. But managed to get few ticks. I will be taking an off till Jan 10th.

A 50 tick trade.

@kjc : do u use scripting, algo trading ? or is it allowed?