Recent content by Monkey King

  1. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    a trader friend suggested something i am going to try out ;). i am working out on a blog of mine :eek: let me see how it goes. will re-think this weekend and decide.
  2. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    crude is strangely moody. it may follow news, fundamentals, technicals, rumors or anything else (eg -tweets) :eek: if you can easily guess which way crude may move on inventory - then be sure it will not, :rolleyes: inventory is just a trap as most info is already guessed correctly by the big...
  3. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    you are spot on :). I treat inventory as a speed-breaker. the trend resumes despite outcome of inventory after a while usually. if you know the trend before the inventory then one can go in direction of trend by entering on a spike that shoots up against the trend. if the spike shoots in the...
  4. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    I follow investing.com mainly for tracking Major events are API, epi, bh rig count etc. There are a few good traders there who put out news as it happens in the chat too. But, lol - do not follow the guys there, most of the good ones are trading big and positional. A lot of the rest are lost and...
  5. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    jumped in for a small trade in zinc mini, long edit - out - all 10 mini's - some 1100 net i guess. was a quick scalp really
  6. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    Note to self - better to scalp today as the inventory and flash news from the middle East will be used to eat stop losses. I guess post inventory a clear direction will emerge. Going down to 3 min or even 1 min if reqd for the day. May look at base metals if I spot a good entry. Crude will as...
  7. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    On the edge really, lol - target wise. Targeting 5000 pts for the 4 weeks / 20 days. Can afford no more than 5 days of losses and pointwise, a max of 1000 pts. That puts me in a very tight spot of a max of 250 pts. With the number of lots I trade that is a time bomb just waiting to explode...
  8. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    Took a few scalps. Crude dancing around 56 so calling it a day finally. Some 3500 or so net I guess for today Will tommorow be my red day ?. Hope I don't play monkey and ensure it does. Anyway, bed time now.
  9. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    One more lucky trade. Ok, done for the day. Some 2300 net. Shutting terminal now.
  10. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    Took a long, forced myself. In loss of some 1700 net. Red day perhaps, lol Too large position size wrt capital and too tight a sl. Today whipsaws in market need a bigger sl which means smaller position size. Taking a break now. Will check later if things are clear. Took a 11 point 10 lot...
  11. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    shutting terminal. no direction. will watch nymex open and decide accordingly. :rolleyes:
  12. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    Since crude is acting funny again I am kind of playing the circus today. Set up for today is 15 min heiken ashi with 20 ema for trading signals and 200 ema for long term trend. If today goes well I may do this untill a strong trend appears and only then go back to my 20/50/200 set up on normal...
  13. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    If it breaks 3915 or 3865 there is a chance of another trade. But I dont want to give back what I have in my pocket. Somehow I am biased and feel bearish so taking a long will not be me. So, the lone trade for the day it remains for now unless I see a break below these levels by 8 pm. If not...
  14. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    Trade exit @ 3872, all 20 mini. Done for the day.some 3000 net. Held on during pullback as did not find a clear breach of 50 ema (clear breach to me is strong candle above ema) Was a dangerous trade but I willing to lose a bit as my chart showed divergence and no reversal.lucky start to the...
  15. Monkey King

    Monkey King's Oily Tales (Day Trading Crude Oil)

    first trade of the week - sold crude @ 3888, :wideyed:.