lets have some fun with crude...!

[crudeonly]

Yes but your SL will be eaten. Hold on some strategy which protects from being eating stoploss.

Ok and Yes , keenly following linkonji system to learn step by step

 

[doss186]

As my daily target exceeded I'm exiting @ 3718

 

[linkon7]

View attachment 32636
Today also NR7 107 range for possible tgt , yesterday wti closed -0.61% which would be 3663 to our opening , as usd/inr no change in today opening considered to yesterday close ( 70.561 ). Today opening range is 11 pts , which opened at 3655 lower than yesterday close , so our trade should be in sell side below 3651 with filter 2 pts 3649 ? with stop 3662 with 2 pts filter 3664 ?

Oh my... thats a lot of calculation.

Try to keep it simple.... We already know what WTI is looking like before our market starts. Either its made a new 36 bar high or it has made a new 36 bar low or its just trading flat.

SO we have our bias for the day...

Target is calculated from today's high or low... i.e. if NR7 is 110 points and we have a range (today's high - today's low) of 50 points...it just means we still have another 60 points atleast on either side... Market is not always directional... so range can extend on either side.
Just because we have a target in mind doesnt mean market will oblige. Llike today... we had HOD broken..and then LOD and then HOD and lod and range was extending on both side of the market.

WTI is there to give us direction and potential exits. If we are long and notice a big resistance at 52.80... we exit all our positions there or we tighten our stoploss.

 

[Windy James]

I'm new here but just a general question - how does tracking WTI helps?

Our market effectively follows it so why not focus on our MCX market?

I mean why look at the crow and shoot the pigeon?

 

[Windy James]

Anyway, it's late and time to hit the sac but let me post an hourly chart. I'm long.

 

[Windy James]

Just a last question - do colorful charts with some more colorful lines on them make more money? Thanks!

 

[doss186]

I'm new here but just a general question - how does tracking WTI helps?

Our market effectively follows it so why not focus on our MCX market?

I mean why look at the crow and shoot the pigeon?

The soul of pigeon in hiding in crow. Then if you shoot the pigeon directly she won’t die. Shoot the crow where the soul is lurked the sure the pigeon dies.

 

[doss186]

Just a last question - do colorful charts with some more colorful lines on them make more money? Thanks!

Do you think those colours are bindi and lipstick of chart? No they’d blood and flesh of charts.

 

[crudeonly]

Try to keep it simple.... We already know what WTI is looking like before our market starts. Either its made a new 36 bar high or it has made a new 36 bar low or its just trading flat.
SO we have our bias for the day...
Target is calculated from today's high or low... i.e. if NR7 is 110 points and we have a range (today's high - today's low) of 50 points...it just means we still have another 60 points atleast on either side... Market is not always directional... so range can extend on either side.
Ok sir.
Just because we have a target in mind doesnt mean market will oblige. Llike today... we had HOD broken..and then LOD and then HOD and lod and range was extending on both side of the market.
Yes confused here after seeing such movements

 

[pannet1]

we are in the 8th consecutive bullish day, buying now is very couter intutive. managed to enter my buy scout now. will look to scale in 3x buy near the lower channel line. if momentum is high, will reverse.