Join me in Trading Crude Oil 5:30 to 10:30

MSN1979

Well-Known Member
#1
Hello

I would be trading Crude Oil 5:30 - 10:30, Lets see if I can make or break it.

Starting strategy - Simple PA on Charts

1550583062101.png


I see UT on 15 followed by sideways, from yesterday a range has developed marked with 2 horizontals.

Will trade highs and lows of range and try to catch a breakout.

3984 buy range 4010 -4030 Sell Range ( Valid until a breakout)
 

MSN1979

Well-Known Member
#2
Trade 1 exited at entry 80-84 TSL hit at 67.

Looking for reentry under 84
 

MSN1979

Well-Known Member
#3
Crude traded below range and above range and was quick to come back inside range, also witnessing contract rollover in this chart.

1550663242759.png


The direction is undecided, also inventory is today so expecting it to be volatile. Lets see if we can catch a good trade like yesterday.
 

MSN1979

Well-Known Member
#4
So Today I am thinking longs above 4027-4030
Below 4025 3980 Range ( will only trade range failures at extreme high, low, will wait for reversal on STF)
Below 3980 Shorts

Also Expecting to be volatile due to inventory
 
Last edited:

MSN1979

Well-Known Member
#5
Long in crude @4000
TSL exit 31
 
Last edited:

MSN1979

Well-Known Member
#6
review of my trade last night, after tsl hit i was like okay thats not a bad trade, but I made a mistake which makes me think I traded very badly and I need a better way to manage TSL. So after waiting for hours I get into right trade and then what happens, I get peanuts and somebody else ate cashews.

My workaround to get to cashews.

Add 1 more mini lot - so would be trading 2 minis from today.

1550717717375.png
 

MSN1979

Well-Known Member
#7
1550750343716.png

Crude back in UT from sideways : Look's like consolidating here. pullbacks are opportunities for longs but not going to trade blindly will wait for it to maintain PL and PDL. Also that WRB/Mother candle will be important today.

My own trading Levels

Longs above 4102
Shorts below 4033 ( important how it breaks 4033)

Trading Range would be Pivots / Mother candle low etc. Only will trade and wait for extreme ranges for failure/rejections.
 

MSN1979

Well-Known Member
#9
1550763798398.png


Attempted Long .. SL hit
Lost 48 Points
 

MSN1979

Well-Known Member
#10
New Rule I should avoid trading if I loose 2% or more in a day.
 

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?