Hi,
Starting this thread to post some simple and quick scalps for crude oil. Will be posting frequent charts as and when I trade or see opportunity. And reason behind starting another thread is to give a simple classing MA and PA based system to scalp crude for 10-20 points per scalp. Beginners can start to trade with crude mini if they want. Chart which will be posted will be international Crude oil, Time frame may vary but basic ema's i'm using is 20-50-100, and rest will be timing through some basic pa.
Here we go....:thumb:
EDIT:
Some basic advantages and rules for using MA's:
1. Markets can be rangebound(with low volatility), volatile+rangebound and finally trending(up or down) apart from that i dont think anything exist.
I'll be giving live examples for each type of session and clues on how to trade it/identify it with using ema's and some price action.
2. Staying with moving average to trade on smaller tf gives advantage that you stay with trend most of the time and not against it.
3. We use larger term MA (which is 100 in our case for the bias) time frame can be 5 minutes to 15 minutes for small swing points(basically its curve fitting which works best at the time of using it. We deal it with as and when situation come.
4. Moving average Cross over we should avoid in the beginning, We better use mid and long term moving average retracement in up and down trending market to ensure low stop loss and right trend.
5. Will add more later.
Starting this thread to post some simple and quick scalps for crude oil. Will be posting frequent charts as and when I trade or see opportunity. And reason behind starting another thread is to give a simple classing MA and PA based system to scalp crude for 10-20 points per scalp. Beginners can start to trade with crude mini if they want. Chart which will be posted will be international Crude oil, Time frame may vary but basic ema's i'm using is 20-50-100, and rest will be timing through some basic pa.
Here we go....:thumb:
EDIT:
Some basic advantages and rules for using MA's:
1. Markets can be rangebound(with low volatility), volatile+rangebound and finally trending(up or down) apart from that i dont think anything exist.
I'll be giving live examples for each type of session and clues on how to trade it/identify it with using ema's and some price action.
2. Staying with moving average to trade on smaller tf gives advantage that you stay with trend most of the time and not against it.
3. We use larger term MA (which is 100 in our case for the bias) time frame can be 5 minutes to 15 minutes for small swing points(basically its curve fitting which works best at the time of using it. We deal it with as and when situation come.
4. Moving average Cross over we should avoid in the beginning, We better use mid and long term moving average retracement in up and down trending market to ensure low stop loss and right trend.
5. Will add more later.
Last edited: