Good... hope there is a huge movement in coming days.
Tamil trader,
Since we know that there is a big correlation between usd and crude oil, we may need to tweak our exit parameter.
For example, in todays trade the USDINR started breaking out in morning and crude started reversing after morning gap down. And then moved till 6800.
So though actual reversal happened around 6680 levels, we exited the short only at 6750. Intead we should have exited at 6680 and went long after our system gives buy signal.
Tamil trader,
Since we know that there is a big correlation between usd and crude oil, we may need to tweak our exit parameter.
For example, in todays trade the USDINR started breaking out in morning and crude started reversing after morning gap down. And then moved till 6800.
So though actual reversal happened around 6680 levels, we exited the short only at 6750. Intead we should have exited at 6680 and went long after our system gives buy signal.
i am analysing currently for taking good profit in such volatile movement
for example... Sell crude with 30 minutes chart, buy crude next contract with 5 minutes chart,
in this situation, eventhough we face trend reversal, our hedging position will get profit... now if market comes down again, our 30min sell position gets profit...
but this is not conclusion.... some modification is required on the strategy...
very soon, i will share here