lets have some fun with crude...!

[doss186]

Yesterday I went short @3222 and the price was testing me very badly and finally around 9:20 the bears won. I'm using tickchart with 22bars information.

 

[linkon7]

LOD got tested... first green bar which is basically just heikin Ashi candle, is our first entry for 50% qty at 3254, LOD - filter of 2 points is now SAR since its below yesterday's HOD. Target for this trade is 3341...

 

[linkon7]

SAR at 3239 got triggered... Bar high that took out the SAR is at 3257 plus filter means that 5259 is our Reversal into the long side for the next 3 bars. As long as price sustain below this 5259 level for next 3 bars, we can assume that bulls are not interested in pushing for higher price. We then shift our SL to HOD+ filter.

So far our target for this trade is 3177...

 

[linkon7]

price sustained below 3259 for 3 bars... Sl shifted to 3275... we are now looking for add to our shorts...
limit sell order placed for 50% add at 3261

limit exit order placed for original 50% short at 3177

 

[linkon7]

price made a new low at 3215...
we trailed our add short to 3235 which finally got triggered...

SL shifted to pivot that have us our LOD i.e. 3261+ filter

 

[linkon7]

Price finally hit 3177 and we exit all

End of the day...

 

[linkon7]

It was a decent day for me. I was lucky to not trade in the evening and night session. Price just went crazy and took out any derived stoploss in those session...

 

[HEM]

its been a long time since i last visited traderji.
I trade mcx segment only now a days... and need some help from a few younger mcx traders who are willing to put in long hours backtesting a few rules... its pure intraday system.

Welcome back linkon bro........


HEM

 

[linkon7]

Welcome back linkon bro........


HEM

Its was fun time at traderji... and sometimes trying to explain my own thought process gives clarity of thought. Need a few Eureka moments now

 

[HEM]

Its was fun time at traderji... and sometimes trying to explain my own thought process gives clarity of thought. Need a few Eureka moments now

Linkon bro, carry on your experience and thought process to enlighten us in crude oil.


HEM