CrudeOil Intraday Trading Diary - alex_fin

[alex_fin]

Day 3:

Buy stop Order placed @ 5213 for 2 lots

sell stop Order placed @ 5199 for 2 lots

 

[alex_fin]

Day 3:

Buy stop Order placed @ 5213 for 2 lots

sell stop Order placed @ 5199 for 2 lots

Trade 1:

Long 2 lots @ 5213 SAR @ 5199

target for 1 lot is 5227 .

Target for 1 lot is equal to initial SL points. If target for 1st lot is hit, then the trade becomes a break even trade even if SL hits later.

2nd lot will be traded as per system. Will write about the system over weekend

 

[alex_fin]

SAR revised to 5207

target for 1 lot is modified to 5219. trying to make a break even trade if market permits.

 

[alex_fin]

Trade 1:

Long @ 5213 SL hit @ 5207

Loss in Points = 5207-5213 = -6

Actual loss = -6*200-150 = -1350

Trade 2:

Short @ 5207 SL 5216

target for 1 lot is 5197 --- target met. 1 lot remaining in short. target for 2nd lot is 5182.(closed at 5186 )

profit on 1st lot = 10*100-75 = 925

profit on 2nd lot = 21*100-75 = 2025

Total profit = 2950