Mastering Crude Oil Intraday

Objective :

1. Strictly follow my system developed for Crude Oil.
2. Never deviate from the system incase of consecutive losses.
3. Won't follow News or any Tv channels/analysts.

Trading System :

1. Starting Capital of Rs.50,000.
2. Strictly Intraday trading and no carry forward.
3. Trade 2 lots on all Signals from my system.
4. Book 1 lot @ 10 points profit ( Compulsory )
5. Ride the other lot till I am comfortable.
6. Its a SAR ( Stop and Reverse ) based system.
7. Calls won't have Stop Loss due to SAR feature.

I am not trading live with this system yet !!!

All paper trades for journal purpose till I start live trading ...

Do understand that I am testing this system and will also be busy this month due to personal commitments. Sometimes I may not be there when a signal is generated ...... will update it when I come online.

The "Fakir" will guide me ...

Thanks

Crude as of now :

Have a meeting @ 2 .... Need to go now .....

A quiet day as of now .... will come back and see if there was any action ...

3. Buy @ 3912 - ( 1 lot 10 points done and 2nd lot still holding with trailing stops @ 3219).[/QUOTE]


2nd lot still holding with trailing stops @ 3922.

2nd lot still holding with trailing stops @ 3922.[/QUOTE]

4. Reversal signal for sell @ 3924 ...

So I am selling 3 lots @ 3924 ( 2 fresh sell and 1 lot profit booking bot @ 3912).

Fresh Buy signal has come @ 3948 but we are already 1 lot long from 3912. So I am trailing with stops @ 3922.

Crude now @ 3955 ......... my trailing stops now moved to 3939 for the buy @ 3912.

Crude booked @ 3966 ..... as in my charts resistance @ 3967-3972 ...

So no positions in hand now ....

Need to step out now due to some urgent work ..... Crude high now @ 3974.

Charts as of now :




I have been tracking this system and it gives a net profit of 50 points minimum @ EOD.....

So I thought of tracking it live for some days before putting my money into it...

Thanks

Will be back later with my updates ...

Back :

Crude was a sell @ 3953 ....

Sold 2 lots @ 3953 and 1 lot covered with 10 points profit ...

Riding the 2nd lot ....