My Crude Oil positional trades.

imfine

Well-Known Member
hi

you can trade in crudeoil positionally I am doing it and posted the whole strategy here itself. Just read it many times carefully and take trade
 
Hi,

I shall be posting my trades in Crude Oil here. They are not Intraday but positional so there will be no SL and no Target and very few trades. Mostly these will be trend following system.

I had tried Equity and have got taste of success but due to lack of time i cant continue with it. I was looking for a something where in I can give minimum input (time ) and need not to be in front of system all day long. So lets cut it short I found one system which is not 100% accurate but wherein the loss is few and profit is more.

the system is

1. Use of EMA, MA
2. RSI
3. Candlestick Chart 1HR only. 4HR/Daily (if required).

The performance. This is in Crude oil mini.
View attachment 26122

The best point for me in this is that it gives you time to think and react and also if you are wrong then loss is very low as compare to profit. Some will say that it will work only in trending market which to some extent is right thats why crudeoil which is highly liquid and hardly stays in range (max one week). As I said not SL and no Target we will trade the trend and be ready to give (Stop loss) to market what it takes and be ready to take from market (profit).

As 19th june was expiry so I am out of trade and will post my trade once got signal as per my system.

thanks.
after 27 april 2018 there is one more trade why didnt u take that trade sir,,,,,,any reason sir plz tell i m very confused n sir how can we stay away from fake singnal
 
Are you long as per the system @ 4298 on 7th May 530pm. One question..if the crossover happens and RSI is not above, do we wait for the RSI to cross 50 or ignore the trade?? The last trade had this scenario.

TIA,

Abhinay
 

imfine

Well-Known Member
Are you long as per the system @ 4298 on 7th May 530pm. One question..if the crossover happens and RSI is not above, do we wait for the RSI to cross 50 or ignore the trade?? The last trade had this scenario.

TIA,

Abhinay
Hi,

I am in buy at 4316 from 8th may. though the crossover happened on 7th but the RSI was below 50 and as i said earlier when there is sharp fall it takes few days to decide the trend. on 7th and 8th it has given big green candles to enter but the immediate red candle signals of fake entry also the RSI was below 50.

But on 8th around 7 pm its made green candle and immediate candle was big green & RSI also crossed 50 mark. So i entered at 4316.
 

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