Skfc - mcx crude oil turning point (tp)

[SKFC]

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

Dear Friend,

The 4 point + or - range is to ensure that price has breached resistance and support level, though sometimes it may not be the case but the probability that the trend has reversed is more with SKFC TP.

You may back test the figures of SKFC TP of past as given previously with intraday chart (if you have access) and satisfy yourself.

Best Regards,
SKFC Team

 

[SASHISASHI]

Sir, thank you for your kindness. Also i am trading only commodity.could you tel me witch is the best indicater for intraday. And what time frame. 23 TP WHAT SIR. Best regards

 

[SKFC]

Sir, thank you for your kindness. Also i am trading only commodity.could you tel me witch is the best indicater for intraday. And what time frame. 23 TP WHAT SIR. Best regards

Dear Friend,

Please note intraday or positional, the best indicator is your mind.

Take efforts and learn a indicator (Trend lines, EMA, Stoch, MACD, CCI, RSI, W%R, etc....) with one time frame (1min,3min,5min,10min,15min,30min,60min,EOD,weekly, etc.....)

What is important is one indicator and one time frame....

stick to it....

do not deviate no matter what....

you will pick up the signals of the indicator....

automatically after some time...

Best Regards,
SKFC Team

 

[SKFC]

Date: 23.August.2011
India Time - 10:00

Dear Friends,

Below are MCX CRUDEOIL levels for 23.August.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3763

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…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards,


SKFC Mumbai
Profit by choice not chance

 

[SASHISASHI]

Thank you sir, my treding started was at june 2001. Still i last 120000 rupees. Still i dont have proper idea. If it is continue, i will be exit from the market. I am thinking that it will be happen. Because, i spending lot of time to learn about markets. But no use. Some time, i thinking that iam not aligible to stay with market. My account is in india infoline.there also people not give proper guidance. And, thay dont have time, to spend with me. Now 35000 rupees in my acoount. I will thing that, if i last this 35000. I do not stay i market. I gave my full efort on it, but no use, so........

 

[SKFC]

Date: 23.August.2011
India Time - 23:30

Dear Friends,

Below are MCX CRUDEOIL levels for 24.August.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3797

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
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance

 

[SKFC]

Date: 24.August.2011
India Time - 23:40

Dear Friends,

Below are MCX CRUDEOIL levels for 25.August.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3834

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…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance

 

[SKFC]

Date: 25.August.2011
India Time - 23:45

Dear Friends,

Below are MCX CRUDEOIL levels for 26.August.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3838

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…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance

 

[SKFC]

Date: 26.August.2011
India Time - 23:20

Dear Friends,

Below are MCX CRUDEOIL levels for 27.August.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3838

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…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance

 

[SASHISASHI]

eeeeeeeeeeeeeee