Skfc - mcx crude oil turning point (tp)

[arjit]

Dear SKFC,Thanks for your level for crude oil.Today it went down more than 100 points from your level.I have a question when anyone take the position according to your level what should be the Stop loss for that?

 

[SKFC]

Dear SKFC,Thanks for your level for crude oil.Today it went down more than 100 points from your level.I have a question when anyone take the position according to your level what should be the Stop loss for that?

Dear Friend,

On 16.Sept.2011 as per MCX data the low for CrudeOil Sept. Futures was
4118.

SKFC TP for 16.Sept.2011 was 4136.

Please check your levels.

Regarding the entry point and Stop Loss after entry please read this post from the beginning, your queries and doubts will be cleared.

 

[SKFC]

Date: 17.September.2011
India Time - 08:30

Dear Friends,

Below are MCX CRUDEOIL levels for 17.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4112

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

 

[calmeshenoy]

dear sir on 16th ur TP crude s 4136 but it trigrd both long n short 6time on both side atlast long postion s open during these circumstances hw can v trade coz for long n short entry ther s 8-10pts ther s no time to put reverse order pls give me ur suggestion sir thank u

 

[LAWRENCE66]

Dear friend thanks for your tecnic in crude oil i am going to follow up on monday.

But how to know the turning point?


Please kindly let me know


Regards,

Lawrence.

 

[SKFC]

dear sir on 16th ur TP crude s 4136 but it trigrd both long n short 6time on both side atlast long postion s open during these circumstances hw can v trade coz for long n short entry ther s 8-10pts ther s no time to put reverse order pls give me ur suggestion sir thank u

Dear Friend,

In such situations as mentioned above, you may take clue from a Technical Analysis Indicator like MACD, Stochastic, RSI, CCI, ADX, etc. depending on the time frame you follow.

We at SKFC trade based on 5 min. chart.

If the 5 min. candle close price is above TP we are long

and

if the 5 min. candle close price is below TP we are short.

Hope the above helps.

Best Regards,

SKFC Team

 

[SKFC]

Dear friend thanks for your tecnic in crude oil i am going to follow up on monday.

But how to know the turning point?


Please kindly let me know


Regards,

Lawrence.

Dear Friend,

SKFC - TP levels are calculated based on various TA indicators and past experience.

It is almost impossible to derive a straight forward mathematical formula,
though we are working on it.

SKFC Team

 

[SKFC]

Date: 18.September.2011
India Time - 14:15

Dear Friends,

Below are MCX CRUDEOIL levels for 19.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4121

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: 20.September.2011
India Time - 09:30

Dear Friends,

Below are MCX CRUDEOIL levels for 20.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4104

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…

 

[calmeshenoy]

yesterday v roll over sept crude tp oct frm 4150sept to 4176oct today ur tp s 4104 hw can v keep our position sir sept crude sell trgrd@ 4117 v sold d nov position also