My setups through trial and error will be recorded here. I will be trading with one Mini lot crude only till I improve significantly, after which will be trading with one Mega lot crude only.
This is not any advice or tips.
All the budding traders can comment and we all can learn from each other.
Trading System designed on maths and probability everything is simple and common like others ..only add on was applying some strategy developed by reverse engineering the price action ... Backtested Manually for last 3 months and results were good ..infact very good ..
Trading objective ...
strategy used : ADX indicator only (it is a trend indicator)
type of trading: only day trading
STOP LOSS : 10 points only
TARGET : 30 points
risk : reward ratio == 1 : 3
Trading days : Monday, Tuesday, Thursday,Friday.
Wednesday is inventory day. so no trading.
I want to understand and learn and to earn Rs. 1000 daily in intraday trading of MCX Commodity.
If anyone has guaranteed strategy which will give me at least 80% profit, please contact me For training session with the charges for giving time to make me understand the techniques.
I Would Glade to share with you Crude Oil Market Trend from 15-30, Sept 2011
In the last fortnight, Crude oil price declined as buyers stayed aside from the market. In the beginning of the last fortnight, many refiners extended their maintenance period or switched to the other cheaper options...