My Crude Oil positional trades.

[kingkrunal]

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.☺

Nice .. but how you have managed this kind of periods in past.. any rules to follow.. or just intuition ?

 

[imfine]

Nice .. but how you have managed this kind of periods in past.. any rules to follow.. or just intuition ?

When you start on a single commodity you get hold on it. Its for first time crude slips from 5500 to 3600 more than 30%.
Now two events were inline for which crude movement was paused. OPEC and INVENTORY DATA.
Inventory data was one country event but OPEC is multiple countries involved. Moreover opec has given decisive crossover multiple red candles after crossover so i immediately entered. I kept my position even when its 200 points against it. Only in two days its get back under 3700. Next decisive will be this inventory. You can call it understanding or intuition. But i m ready to give back 100 to 200 points as previous crossover gave me 2000 points.

I m holding short @3617

 

[moonliteblue]

When you start on a single commodity you get hold on it. Its for first time crude slips from 5500 to 3600 more than 30%.
Now two events were inline for which crude movement was paused. OPEC and INVENTORY DATA.
Inventory data was one country event but OPEC is multiple countries involved. Moreover opec has given decisive crossover multiple red candles after crossover so i immediately entered. I kept my position even when its 200 points against it. Only in two days its get back under 3700. Next decisive will be this inventory. You can call it understanding or intuition. But i m ready to give back 100 to 200 points as previous crossover gave me 2000 points.

I m holding short @3617

Sir,
Looks like tonight you will be in positive...

 

[moonliteblue]

Sir,
Looks like tonight you will be in positive...

Sir. Also how much down side do you estimate?

 

[imfine]

Sir,
Looks like tonight you will be in positive...

yea seems so.

 

[imfine]

Sir. Also how much down side do you estimate?

Dont know but if this inventory will be in red then can tank another 100 to 200

 

[kingkrunal]

nice. it seems you avoided 2-3 whips in a row
can you please tell us where to find this inventory and opec thingy ?

 

[imfine]

I use https://m.in.investing.com/economic-calendar/eia-crude-oil-inventories-75 for inventory data.
For opec date go on to opec.org by the way next opec meeting is in april 2019. Till then inventories data will ride the price

 

[kingkrunal]

I use https://m.in.investing.com/economic-calendar/eia-crude-oil-inventories-75 for inventory data.
For opec date go on to opec.org by the way next opec meeting is in april 2019. Till then inventories data will ride the price

aah great.. so it generally comes on every thursday .. 8pm india time ? but the date on above is showing as 12 dec.. a bit confused

 

[imfine]

aah great.. so it generally comes on every thursday .. 8pm india time ? but the date on above is showing as 12 dec.. a bit confused

Its not fix. Just follow this website scroll down a bit you also get next due date for data release. 19th dec is next date. Time is so not fixed always. To get more deep in this follow fxfactory.com