Crude Intraday Trades

[umeshmandal]

Long did a high of 6045 and reversed to short at 6032 !
We are 8 points in loss and this trade added 10 more, thus total 18 points minus!
We are short in 2 lots at 6030.

Short from 6030 (6032) did a low of 6011 ! Missed Tgt1 of 6010 by 1 point. Exited both lots at 6021, on close of the candle that did 6011 ! Had a gain of 16 points ! Also reversed to long above the high of this candle at 6024.
Net loss Minus 2 !

 

[umeshmandal]

Long at 6024 ! Did a high of 6044 ! As a precaution tried to exit 1 lot at 6044, i.e. 20 points, but movement was fast , exited i lot at 6038. A gain of 12 points. 1 lot long in hand.
This lot was exited and reversed to short at 6024, i.e. a loss of 2 points.
Net Plus 8 points now ! Getting wary of further trades. Holding 2 lots short at 6024

 

[umeshmandal]

Short has just done a low of 6008! I have move SL to cost : 6024 !

 

[umeshmandal]

Short has just done a low of 6008! I have move SL to cost : 6024 !

Exited 2nd lot at 6002 ! Gain of 20 points net !
Gone long in 2 lots at 6024 ! Long has made a high of 6060 ! Exited both lots at 6046 , i.e. 22 points move, where I normally exit 1 lot, but considering the entire day took this decision.

The trades in last 2 hours have made the difference.

So final score today!
Plus 8 in hand, Plus 20 in short and plus 20X2=40 in long. Total 68 points.

The best Profit was gain in confidence and a vital lesson once again that the strategy would not let you down, all you need is patience ! Had seen this happen when Paper Trading but the emotions are very different when trading actually !

 

[umeshmandal]

02 May 80
05 May 100
06 May 39
07 May 68

Total: 287

 

[umeshmandal]

Long above 6064 and short below 6044 !
Levels may change a bit based on initial moves by crude!

 

[umeshmandal]

Short below 6046 ! But maintaining to short at 6044 !

 

[rpsvinod]

02 May 80
05 May 100
06 May 39
07 May 68

Total: 287

umeshmandal,


Great going:clap::clap:

net result for 2 lot?

VINOD. RPS

 

[subratdas]

Dear Umeshji,
yesterday inventory data may pushed the crude value up till 6060. Is the effect of the inventory data will be felt today?

Thanx

 

[umeshmandal]

umeshmandal,


Great going:clap::clap:

net result for 2 lot?

VINOD. RPS

Yes, first lot is eited early to make trade comfy! Exiting both tgether wud give a bit better results.