My Crude Oil positional trades.

[imfine]

Crude gap up open and bullish cross over today. Imfine, do you think it is OK to go long?

No its not a good day to enter as immidiate candle after crossover is big red.

 

[newtrader101]

No its not a good day to enter as immidiate candle after crossover is big red.

True.

 

[imfine]

True.

It tests your patience your ability to stand firm follow discipline. You get tempted to enter trade overlooking the slight sign.
There will be no clear trend till 6th evening. Then wait on 7th and then you can jump on the direction.
Till then qait wait wait and only wait

 

[imfine]

Entered in trade at shorted @3617

 

[VJAY]

Entered in trade at shorted @3617
View attachment 31426

Dear imfine,
Earlier bullish cross over you are waited for entry for 3 days.....here you jumped into trade in bearish crossover...whats the diference now you are seeing here for short trade?

 

[imfine]

Dear imfine,
Earlier bullish cross over you are waited for entry for 3 days.....here you jumped into trade in bearish crossover...whats the diference now you are seeing here for short trade?

Crude is on bearish mode and OPEC meeting was due on 6th with inventory data on same day and the signal of fake bullish was given on crossover itself so i waited for OPEC result it is bearish but inventory data is bullish. But OPEC always drives.

 

[newtrader101]

Today looks like higher low on daily forming. On hourly Renko also.

 

[kingkrunal]

If buy is triggered?

 

[kingkrunal]

Crude is on bearish mode and OPEC meeting was due on 6th with inventory data on same day and the signal of fake bullish was given on crossover itself so i waited for OPEC result it is bearish but inventory data is bullish. But OPEC always drives.

hi ,
this turned into buy mode on friday evening.. and the crossover candle high was not crossed yet.. and today a big gap down,, but still in buy mode..
so how to manage this kind ?
i think adding the rule of crossover high or low to be breached for the trade confirmation will be good idea

 

[imfine]

hi ,
this turned into buy mode on friday evening.. and the crossover candle high was not crossed yet.. and today a big gap down,, but still in buy mode..
so how to manage this kind ?
i think adding the rule of crossover high or low to be breached for the trade confirmation will be good idea

Yes when a big up or down rally has to reverse it will stop a while goes sideways. I dont see it resuming trend either way before next inventoy. Though i am holding short.☺