lets have some fun with crude...!

[doss186]

This particular technique applies to stocks and indexes too.

There are four kinds of trading sessions, one Runupday, where a scrip opens above previous close and never care to make a low, lower than previous close. Second Rundownday where a scrip opens below previous close and never care to make a high, higher than previous close. The other two are Rangneup day and Rangedownday. CL made a Ragngeupday today. We can decide by first candle low and high after a gapup or gapdown.

 

[doss186]

At the closing Crude is giving some info about tomorrow's gapdown opening. Lest's see what WTI does overninght.

 

[VJAY]

This particular technique applies to stocks and indexes too.

yes sanju bhai.market profile trades also same like which linkon explained...I too using it in my trades for ident strongness of trend

 

[Ravii_67]

yes sanju bhai.market profile trades also same like which linkon explained...I too using it in my trades for ident strongness of trend

I also do same..after learning from nifty nirvana. All roads lead to rome ☺

 

[marimuthu13]

If I understood Linkon7 ji concepts correctly, today range was (3321-3304) 17 points, which is low compared to yesterday range of 55 points...

so mostly we will look for sell... either LOD brakes which lead 25% qty to sell directly or HOD brakes, wait for rejection at HOD..to enter 50% qty sell ..

 

[linkon7]

Based on how USD-INR has opened as of now,
47.25 is corresponding to 3314 on mcx with dollar at 70.0775

the resistance at 47.76 will roughly translate to 3349
the resistance at 47.48 translates to 3330

Support which is my SAR is the pivot that gave us our range extension or double top, is at 46.68
that translates to 3274.

So far I am now trading with SAR at 3274...
first resistance at 3330
and break out at 3349

 

[linkon7]

If I understood Linkon7 ji concepts correctly, today range was (3321-3304) 17 points, which is low compared to yesterday range of 55 points...

so mostly we will look for sell... either LOD brakes which lead 25% qty to sell directly or HOD brakes, wait for rejection at HOD..to enter 50% qty sell ..

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

 

[doss186]

It seems the daytrend of CL is Runupday. The bulls should overpower beyond 3338.

 

[linkon7]

we are yet to form any meaningful pivot on our charts. I am already long 25%. Will add aggressively once LOD of today is tested.

 

[linkon7]

USD is on the verge of breaking its LOD and that will give a negative bias to our crude longs...
this just means that our projected support at 3274 might shift lower....