lets have some fun with crude...!

[marimuthu13]

when i say yesterday's range, thats the range for the whole day

like the range of previous 8 days are 138, 239, 60, 130, 110, 127, 250, 217... out of which 60 was a truncated day with no evening session, so our narrowest range for last 7 days is 110

That means we are going to play for a target of 110 points for today.

the range so far is 3304 - 3320
that means , provided the low of the today's range, i.e. 3304 if this holds, then we have a target of 3304+110 = 3404 on the long side
IF 3320 holds, then our short target is 3320-110 = 3210

so are we comparing today's 1st-hour range with yesterday range for making bias for the day?? .. if today range was higher than yesterday range, bias is long and vice versa for short ???

As today ranges are fallen in-between yesterday range, we can play on both side bias??

Is it possible to make it as mechanical system without if and but ??

 

[linkon7]

so are we comparing today's 1st-hour range with yesterday range for making bias for the day?? .. if today range was higher than yesterday range, bias is long and vice versa for short ???

As today ranges are fallen in-between yesterday range, we can play on both side bias??

Is it possible to make it as mechanical system without if and but ??

Thats the sole reason to open this thread... I am old and too lazy to back test. My fav period is August 2017 where market was tight ranged and flipped everyday. If a mechanical system survives that month, then it can be traded safely. I am yet to find a mechanical system that survived that period.

 

[doss186]

Crude is now trading at blind buy area.

 

[linkon7]

took my half exit at 3348... waiting for 3314 for add to long.... SAR now shifted to 3302

 

[linkon7]

Long target remains the same...

Short target revised to 3353 -110 = 3243

 

[VJAY]

Long target remains the same...

Short target revised to 3353 -110 = 3243

so if new high made we revise short target ...if new lows made today then we revise trgt for Longs right?

 

[doss186]

Long target remains the same...

Short target revised to 3353 -110 = 3243

Sir, we can calculate the long target adding minimum range of 10days to previous close and subtracting the min range from previous close.

 

[VJAY]

when i say yesterday's range, thats the range for the whole day

like the range of previous 8 days are 138, 239, 60, 130, 110, 127, 250, 217... out of which 60 was a truncated day with no evening session, so our narrowest range for last 7 days is 110

That means we are going to play for a target of 110 points for today.

the range so far is 3304 - 3320
that means , provided the low of the today's range, i.e. 3304 if this holds, then we have a target of 3304+110 = 3404 on the long side
IF 3320 holds, then our short target is 3320-110 = 3210

so its not ydays high/lows....range means dif with ydays high & low ...so we check todays 1hr range with ydays range(dif with h-l) right?

 

[linkon7]

so if new high made we revise short target ...if new lows made today then we revise trgt for Longs right?

Exactly... !
We are playing for a 110 point range for the day... and hoping that the whole EOD range shifts higher.

if 47.76 lvl on WTI holds... and we witness selling, then I might target the short end of the target... but so far...bias is firmly up....

 

[linkon7]

Sir, we can calculate the long target adding minimum range of 10days to previous close and subtracting the min range from previous close.

we are looking at the lowest range of the last 7 trading sessions for the current day's target .
We skipped 1st Jan as it was a truncated session.