My Crude Oil positional trades.

[light2001]

Hi,

Initially i was maintaining the log but later stopped it. If you want to know the profitability of this method then its good and on average 60 - 70 % success. As many times my SL got hit but when it flows in your trade direction then it not only covers losses but give handsome profit. for this nov series only i am riding on 700 + points and if talk of last 10 trades the net is 1696.

I can only help you in knowing that I got my capital double two times since June using this method. Moreover its the peace of trading, not sticking to screen whole day, getting worried on fundamentals etc etc is what makes me love this method.

I have put everything of this method in this thread you can take any one month and backtest.

thanks

Dear imfine

Thanks for your feedback....great

Light2001

 

[kingkrunal]

Not j

Not just EMA alone, he uses rsi too for additional confirmation..

The rsi was also above 50 when the crossover happened in above example...

 

[imfine]

The rsi was also above 50 when the crossover happened in above example...

you are right but i have seen when there is a sharp rise or fall followed by crossover then there is more chances of fake breakout. This can be validated by not having an immediate trend breaking candle.

 

[kingkrunal]

you are right but i have seen when there is a sharp rise or fall followed by crossover then there is more chances of fake breakout. This can be validated by not having an immediate trend breaking candle.

Oh ok.. so how exactly to identify this kind of candles and avoid the trade in that crossover?

 

[imfine]

Here in pic after a sharp fall before crossover crude goes sideways giving us 1st signal either a reverse or consolidation.

2nd signal of fake breakout is that on crossover though its rsi above 50 but the immidiate second candle is red and also has not broked crossover candle.

When next crossover comes its a heavy red candle which again broken by next immidiate red candle. Moreover giving signal of continuing the short trade.

 

[kingkrunal]

Here in pic after a sharp fall before crossover crude goes sideways giving us 1st signal either a reverse or consolidation.

2nd signal of fake breakout is that on crossover though its rsi above 50 but the immidiate second candle is red and also has not broked crossover candle.

When next crossover comes its a heavy red candle which again broken by next immidiate red candle. Moreover giving signal of continuing the short trade.

View attachment 30237

cool.. so at that crossover.. did u cover the short and wait for the confirmed signal or continue short with the wait ?

 

[imfine]

cool.. so at that crossover.. did u cover the short and wait for the confirmed signal or continue short with the wait ?

In this case nothing technical as if in more than 500 points in plus i wait otherwise book and wait. I chose to wait.

 

[umeshlp]

In this case nothing technical as if in more than 500 points in plus i wait otherwise book and wait. I chose to wait.

He is giving us fish on platter. We must at least eat with our hands.

 

[imfine]

Holding on short position @ 5513. CMP 4787 (726 +points)

View attachment 30180

With passing day crossed 1000 points exactly ☺. CMP 4514

Now two days indian market will be closed but i decided to let the position open. Even if the reverse happens it will leave 600 to 700 points to me.

 

[TraderRavi]

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