CRUDE MINI intra day trades based on 5 min chart

Trades update:
Long at 3071 exited at 3080, covered earlier trades loss!

Short at 3058, booked 10 points at 3048, it went down to 3038.

Not trading anymore as cannot trade comfortably beyond 7:30 PM !

Basis experience I can vouch that Marimuthus levels would go wrong upon H3 break as often as being right if not more. Don't ask me to blackest and post pls

I totally agree with RH and it's good to see how her actual trades and experience has led her to read the charts more closely and she is able to adapt and follow here own method and system

Let me add that there has to be additional filters for trading the pivot system
For instance at 3169 Sep contract as currently crude would go sideways for 50-100 points and

L3 buy would give results in next 2-3 days...... H3 can pierce and shorting is dangerous. That's the trend. Stop losses are part of the game

So once read the market like that IF I have to follow Marimuthus system I would easily use his method and Buy the L3 level ( or mid way as per his method) and not take the H3 sell

This is again simialr to what RH is mentioning but I am adding how people can adapt various systems and use them as filters AFTER their reading of market.....

So skill required again and no holy grail. Further for instance you can see how Marimuthu himself does a great job in analysing the pivot levels and trades between H1 And L1 also as per requirement.

Thanks both

Dear Amitagg Ji, and all my well wishers


whats your target or goal in trading crude oil.?? please be clear on this first, if no goal, have one first. this goal should be SMART. (Specific, measurable, achievable,realistic and time bound).

for me , my goal is 1800 points in crude oil in 12 months periods.

so whats your goal ? and what for you are trading crude oil ? what is your target ?

well, for me to achieve my goal i have to work with below constraints ( refer TOC concept to succeed any business or life for that matter). whatever we do, we will always have barrier to cross with.

First one is capital deployed for per lot of crude , its just 20k so i have to control my losing streaks with maximum 120-140 points.

secondly, i am working professional with 6 digit monthly salary, so you know pressure in my day job, so i cannot be watching Bar by Bar price action.
'( tried full time trading in jun'14, burnt fingers because of ONE and ONLY discipline issues)

third one , i am not comfortable with seeing price action on live and take decision , act according to it, it leads to impulsive and indesicive, indisplicine trading in me, so i wont prefer it.

4th, i am father of 2 childs, (3 year old girl baby, and 45 days old boy baby), so i have to balance my personal/professional/extra professional life.

so what and how i choose to trade CAM pivots is only suits me to achieve my goal. If i just started to add filter such as identifying trends as suggested by Kuldeep, amitagg or add filter such as seeing market movement before place order as suggested by RH wont suit me to achieve my goal. All these will complicate and leads to sure failure for my trading plan as well as trading goal.

also regarding outcome (profit or loss) of my trading style, please wait for atleast 6 months periods before we jump into conclusion.


anyway what i am going to loose is maximum 120k with these experiments if everything goes wrong..i am prepared fully for these loss too..

different people will have different goal,

like Amitagg or someone will have goal of 4000 points of crude oil in a year ..( even i can strecth for that, but not with 20k per lot, may be with 50k per lot.)
even someone like RPS vinod ji, have goal of 1000 points monthly, 12000 points yearly.

some one like RH996, just trade for passion, not bothering about wealth generation ( as wealth comes her from huge investment)

so its not about process but about your goal.

as someone said "Need is mother of invention", based on needs everything will change..

congrats muthu ji. :thumb:

Alongwith ur family u r taking care of few TJ members also.
thanks :thumb:

Marimuthu

Congrats on the news on family front

On stocks with much ado TODAys L3 level of 3072 was a buy level as can see

That's all I mentioned yesterday ( before price action) and that's what matters was my point thru experience on trading pivots. For just one day it has worked as I had mentiioned

I have stopped posting or interrupting other threads and never is my motto to discourage anyone

That's why I thanked you and RH both for your endeavours and helping others

I just told how pivots ( your method) can be traded in a different way. Nothing more to it.

I know how's it done. In a simple way. That's all. ( my post was to some post challenging or opinion get on RH candid admission that she was unsure of your method and I seconded her .... Just because we trade or look at it in a different way and it does not mean that you cannot achieve your goal as outlined.... You will)

Thanks again for taking step at a time and posting live levels and trades.

I have from today started trading Muthu calls in my account but on Mega Lot and doing my own trading on minis ! My EOD trades are on Mini Nrml and Intra trades are on MIS in Zerodha. Thanks for the suggestion ! Makes things easier to handle.

Yes Muthu you are almost correct about me trading for passion ! Almost, because its not passion alone, passion can sustain only with profits.
My EOD trades started 10 months back is giving good profit. I probably would do much better with a little bit more discipline which I hope to generate watching your levels your trades and replicating them.
Thanks for this effort of yours! :thumb::clap:

Gone long above 3130, days high plus filter in 5 minis. Also following Muthu, there I am short in 1 mega !

SL was hit in mega lot trade !