Need help with a crude oil strategy

#11
Hello ,

It Would great if you can share your system ,
Thanks for helping a newbie out
I used to work on one intraday strategy on crudeoil. Though it was working good but as i cant sit daily on charts so i took over the positional. If u want i can give that ststrategy on your thread. U can backtest it and see can work on it.
Sent from my ONEPLUS A6000 using Tapatalk
 

imfine

Well-Known Member
#12
Hello ,

It Would great if you can share your system ,
Thanks for helping a newbie out

Sent from my ONEPLUS A6000 using Tapatalk
I had worked on this strategy few months back as was looking for time in evening to trade as i stayed free in evening. It worked good but as said i moved from it doing positional in crudeoil.

cutting short the strategy :)

Time frame: 30 mins chart
Indicators : can use volume chart but its optional. No other indicator required

step 1 Now its evening time so will let the candle of 5pm to 7pm created. so wait till 7.30pm
step 2 mark high/ low of this time range.
step 3 trade the breakout
step 4 we will stay in trade till the end of day. The other side will be SL.

Logic: This is the time when India reacts to other timezone market. Though only crude reacts to it.
chart of last day. rest check yourself. Hope you got it right.

crude.png
 

Similar threads

Zerodha – Open Paperless Account

Open online account with Zerodha. Free delivery trading and Max Rs 20 for Intraday, F&O, Currency and Commodity Trading. Intraday High leverage with MIS, CO and BO.

Name:Phone:
Email:City:
State:
Are you a day trader?