Simple Intraday Methodology

[NTrader42]

Trend on M30 looks getting into sideways after an uptrend,

For now Long trades above 5470, and Short trades will come on radar only below 5410

Thanks

 

[NTrader42]

Crude oil long @ 5455

 

[NTrader42]

Crude oil long @ 5455

Entry point was xx53-54 (above MA20 & previous candle high), sl xx46 (swing low) and expected tgt 5464 ( the upper band of envelope)

Feels good to get a +ve trade after 3 straight -ve ones.

Trend on M30 seems to be up, but can call it strong only on close above 5470 on M30.

Thanks

 

[NTrader42]

 

[sree26]

Hi, Nice to see ur trades, Which platform u r using for this charting ? It doesnt look like GCI MT4.

 

[NTrader42]

Hi, Nice to see ur trades, Which platform u r using for this charting ? It doesnt look like GCI MT4.

Thanks, its BFD MT4

 

[NTrader42]

Crude oil: The trend on M5 turned down below 5450.On M30 we will get a down trend confirm below 5410, CMP is 5435

 

[NTrader42]

No clear direction from M30.

No other choice but to wait patiently






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[NTrader42]

Long @ 5445

 

[NTrader42]

Long @ 5445

Reason: Break-out above upper band and previous swing high on 5 Mins

Stops @ xx32, below MA and also previous swing lows






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