Crude Oil Intraday With Good Results

#1
Friends,

Once I read somewhere trading is simple & all we need is a Horizontal Line.
At First I thought it was foolish as so many indicators, MACD, Crossovers and all that people use to make money.

After some search & using some logic i got an idea of that magical
Horizontal line. Which is very simple to use.

All u need is Amibroker with live data feed's & a Horizontal Line. I cannot say
you will Mint Money but yes a reasonable amount Daily. Sometimes SL will
also be Hit. As it part of the game. But winning ration will be about 70%.

I Call it Naked Price Action.

If anybody trading ONLY Crude Oil interested I will show the way how I Trade.
 
#6
Friends,

Once I read somewhere trading is simple & all we need is a Horizontal Line.
At First I thought it was foolish as so many indicators, MACD, Crossovers and all that people use to make money.

After some search & using some logic i got an idea of that magical
Horizontal line. Which is very simple to use.

All u need is Amibroker with live data feed's & a Horizontal Line. I cannot say
you will Mint Money but yes a reasonable amount Daily. Sometimes SL will
also be Hit. As it part of the game. But winning ration will be about 70%.

I Call it Naked Price Action.

If anybody trading ONLY Crude Oil interested I will show the way how I Trade.
hi welcome to traderji family.................
i am happy to follow your thread..........
plz start sharing your views
 
#8
Ok Guys here it is.

Open amibroker crude oil 1 hour charts. Wait until 3 Pm until the action starts.
At 3 pm put a horizontal line on days high & low, add or subtract 2 points just 2 make sure it breaks the high & low.
Enter the trade with strict SL of around 25 to 30 points, Sometimes SL will be also hit.
You can expect around 25 to 30 points minimum. Always lock the position with a trailing SL to catch the Big Move. PAPER TRADE for few days 2 see the
results.

JUST A SIMPLE SYSTEM WITHOUT ANY LAGGING INDICATORS OR ALF

Pls try or if not just put the 2 horizontal lines in your hourly charts & see for your self. waiting 2 know your feed back.
 
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#10
Friends I need somebody to help me in uploading charts. I dont know how to do it. As far as back testing & profit taking I will never say its 100 % perfect as there is no such thing as 100 % winning in trades yes there are losing trades also. As per my profits taking I usually put a target of 20 to 30 points same as my SL. Today its only 7.40 pm As per my calculation the low at 3 pm was 5396 I minus 2 more points & entered short at 5394 already it has reached 5365 right now. Almost 29 points. Today being Wednesday Inventory will be released at 8 pm so better close position before that time. Pls back test & use at your own risk.

Just 2 Horizontal Lines is all that you need to Trade.:clapping::clapping::clapping:
 

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