Tamil Trader- September Crude Oil Trading Diary

[Tamil trader]

CALLS for Intraday Players..... Sell Crude at 7200 Stop Loss 7251 Target 7165

 

[Tamil trader]

CALLS for Intraday Players..... Sell Crude at 7200 Stop Loss 7251 Target 7165

Book Profit at 7180

and exit from crude for intraday players only

Tamil Trader
Vinoth

 

[Tamil trader]

Very strong resistance is seen at 108 to 108.50 $

Due to USDINR, crude is little up in MCX.... Hold Sell position until it breaks 7295

Regards

Vinoth
Tamil Trader

 

[Tamil trader]

CALLS for Intraday Players..... Sell Crude at 7200 Stop Loss 7251 Target 7165

Target 7165 acheived..... book full profit.. and exit from crude for intraday players only

 

[Tamil trader]

Did you see the beauty of technicals?

As already mentioned , again crude made the day high of 7219 and now trading at 7160

Down 60 points from day high.....This is the beauty of the trend following system...

i already told that intraday players may sell at every rise today... that is happening here

Regards
Vinoth
Tamil Trader

 

[healthraj]

CALLS for Intraday Players..... Sell Crude at 7200 Stop Loss 7251 Target 7165

Hi,

I want to understand your Risk Reward structure. I normally do not trade in commodities. Your risk is 51 points but the reward is only 35 points. Is it always the case in Crude trading?

 

[Tamil trader]

Hi,

I want to understand your Risk Reward structure. I normally do not trade in commodities. Your risk is 51 points but the reward is only 35 points. Is it always the case in Crude trading?

If risk is high, the possibility of winning trades will be high in my technical trading.

 

[Tamil trader]

Current Trailing Stop Loss is 7288 for our short position made at 7306

 

[Tamil trader]

As already stated crude is facing resistance at 108 $..... after touching 108.12 $, currently trading at 107.40 $

More downside is confirmed in coming days... hold the sell position made at 7302

 

[Tamil trader]

It seems that market is taking little support near 7150 in MCX