# Skfc - mcx crude oil turning point (tp)

#### SKFC

##### Active Member
Date: 19.August.2011
India Time - 00:15

Dear Friends,

Below are MCX CRUDEOIL levels for 19.August.2011

MCX - CRUDEOIL TURNING POINT (TP) = 3778

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
______________________________________________________________
Disclaimer -

Readers of this post must take the contents only as a learning experience
consequence & responsibility
____________________________________________________________
Best Regards,

SKFC Mumbai
Profit by choice not chance

#### SKFC

##### Active Member
Date: 19.August.2011
India Time - 23:45

Dear Friends,

Below are MCX CRUDEOIL levels for 20.August.2011

MCX - CRUDEOIL TURNING POINT (TP) = 3745

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
consequence & responsibility…
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance

#### hills_5000

##### Well-Known Member
Would you pls explain the 4 point entry .... ?

Date: 19.August.2011
India Time - 23:45

Dear Friends,

Below are MCX CRUDEOIL levels for 20.August.2011

MCX - CRUDEOIL TURNING POINT (TP) = 3745

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience
consequence & responsibility
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance

#### SKFC

##### Active Member
Dear Friends,

The strategy is simple.

Enter at cross of Turning Point (TP)

Long at TP + 4 then SL = TP - 4

Short at TP -4 then SL = TP + 4

Book profits at every 40 point gain (hence trade multiple lots).

Do not stick with a position, change from long to short and vice versa
as per TP.

Hope the above clarifies.

Best Regards,
SKFC Team

#### SKFC

##### Active Member
Date: 21.August.2011
India Time - 17:00

Dear Friends,

Below are MCX CRUDEOIL levels for 22.August.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3766

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
______________________________________________________________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
consequence & responsibility…
____________________________________________________________
Best Regards,

SKFC Mumbai
Profit by choice not chance

#### SKFC

##### Active Member
Dear Friends,

Below are MCX CRUDEOIL levels as per SKFC TURNING POINT (TP) strategy starting from 01.July.2011 for those who may interested.

HTML:
``````DATE	    SKFC - TP
01-Jul-11	4128
02-Jul-11	4141
04-Jul-11	4161
05-Jul-11	4175
06-Jul-11	4205
07-Jul-11	4214
08-Jul-11	4248
09-Jul-11	4232
11-Jul-11	4243
12-Jul-11	4230
13-Jul-11	4234
14-Jul-11	4264
15-Jul-11	4233
16-Jul-11	4242
18-Jul-11	4265
19-Jul-11	4248
20-Jul-11	4278
21-Jul-11	4287
22-Jul-11	4317
23-Jul-11	4334
25-Jul-11	4360
26-Jul-11	4361
27-Jul-11	4354
28-Jul-11	4326
29-Jul-11	4308
30-Jul-11	4271
01-Aug-11	4260
02-Aug-11	4228
03-Aug-11	4200
04-Aug-11	4152
05-Aug-11	4034
06-Aug-11	3967
08-Aug-11	3914
09-Aug-11	3854
10-Aug-11	3750
11-Aug-11	3730
12-Aug-11	3755
13-Aug-11	3793
16-Aug-11	3806
17-Aug-11	3835
18-Aug-11	3867
19-Aug-11	3778
20-Aug-11	3745
22-Aug-11	3766``````
Best Regards,

SKFC Mumbai
Profit by choice not chance

#### SASHISASHI

##### New Member
SIR I DO NOT UNDER STAND THIS, PLEASE EXPLAIN ME, MCX CRUDEOIL levels for 22.August.2011 IS MCX - CRUDEOIL TURNING POINT (TP) = 3766 IN MY VIEW

FOR Example -- If CRUDEOIL TP = 3766, then I HAVE TO GO

Long at 3766 + 4 = 3770 RIGHT OR WORING

#### hills_5000

##### Well-Known Member
Would you pls explain what is this turning point...and why a 4 point diff on either side for entries.....??

SIR I DO NOT UNDER STAND THIS, PLEASE EXPLAIN ME, MCX CRUDEOIL levels for 22.August.2011 IS MCX - CRUDEOIL TURNING POINT (TP) = 3766 IN MY VIEW

FOR Example -- If CRUDEOIL TP = 3766, then I HAVE TO GO

Long at 3766 + 4 = 3770 RIGHT OR WORING

#### SKFC

##### Active Member
SIR I DO NOT UNDER STAND THIS, PLEASE EXPLAIN ME, MCX CRUDEOIL levels for 22.August.2011 IS MCX - CRUDEOIL TURNING POINT (TP) = 3766 IN MY VIEW

FOR Example -- If CRUDEOIL TP = 3766, then I HAVE TO GO

Long at 3766 + 4 = 3770 RIGHT OR WORING
Dear Friend,

Yes, you are right.

If SKFC TP = 3766 then

Go long at 3766 + 4 = 3770, with SL = 3766-4 = 3762

and

Go short at 3766 - 4 = 3762, with SL = 3766 + 4 = 3770.

But the above is applicable only when the price touches 3766 + or - 4.

It it trades at 3780 or 3750 do not initiate a trade, wait for the price to touch SKFC TURNING POINT (TP). Entering at a value other than TP + or - 4 points, involves the risk of going against the trend.

If you know what you are doing, then please do so by trading at a value other than TP + or - 4 points.

Best Regards,

SKFC Team
Profit by choice not chance