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

MSN1979

Well-Known Member
#12
2 Reason, today I started trading 2 lots and took 2 trades. First trade was a SL buy order which was scratched (In the same place) You can see the buy candle failed after breakout ( So same candle Scratch) and 2nd trade Hit Initial SL.

Average Loss in 1st trade 16 Points in 2 Lots (8 Pt SL)
Average Loss in 2nd Trade 32 Points in 2 Lots (16 Point SL)

I lost all in all 50 Points including commission, Taxes and Filter's in 4 Lots averaging 12.5 P per lot
 

MSN1979

Well-Known Member
#13
Food for thought : Maybe I can Exit 1 Lot and not wait for Initial ISL to be hit. No Point in holding 2 Lots if trade is not moving after breakout.
 

MSN1979

Well-Known Member
#15
Todays Chart
1550837554123.png


Break Of 4111 Longs
Range Trade 4111 to 4042
Below 4040 to 4033 Shorts

Yesterday's trades even hit SL boosted my confidence that thinking was in right direction.

Same method, Trade only extreme ranges and breakouts.


Sorry for typos editing post since it was 4111 and I typed 4011
 
Last edited:

MSN1979

Well-Known Member
#16
1550838895664.png


Possible Short ( Anti trend )
 

MSN1979

Well-Known Member
#17
1550839995088.png


Missed Longs in noon, due to trading time restriction. Blue Line was Longs
 

primitivetrader

Well-Known Member
#18
4200 seems like tgt of the accumulation happened around 4050 as off now looks like long only
 

MSN1979

Well-Known Member
#19
1550847826276.png


3 Trades Attempted 2 Longs above 4111 both scratched gave +13 points. 1 short attempted gave 14 points = total +27 points

trades marked in chart
 

MSN1979

Well-Known Member
#20
4200 seems like tgt of the accumulation happened around 4050 as off now looks like long only
Yes bro its in UT so far but it gives counter trades at times, today 2 nice CT so far, glad to catch 1 of them. Longs did not work today as well

gn from here. closed terminal for today.