31-07-2014 CRUDE OIL

31-07-2014

31072014

Crude Oil Open GAP-DOWN 40 point . OUTSIDE DAY . After open price flat no action ..now evening session show some strength . Price slidly show upside movement . looking

for action around PDC.

Price confuse around PDC &PDL ...THEN i prefare to wait for exact confirmation and after that took trade BPB .

Trade 1:- BPB Of PDC/PDL
BUY 6170 With SL 6059
(allow Frist pullback for price after breakout)
exit @ breakeven 6170
NET=0 Points

Trade 2:- BPB Of PDC/PDL
Short 6155 with SL 6165
(Allow frist pullback , pullback upto 6159 my heartbeat fast there..)
exit 6125
NET=30 Points


Total= 30 Point profit

Mistake :- Scratch trade before any reversal .....and after that trade will move same direction around 25 points ..

Today , i complete one month of trading crude oil contract with DP . its really good experience , i will share result here soon.

thank you

30-7-2014 CRUDE OIL

30-07-2014

30072014

There is sligthly GAP Up opening one spike for UP side , after that price move down upto Initial
range . Again price back to range , i think there
is range bound movement ,
think about BUY @ Range low and SELL@ range high.

Trade 1:- BOF of Days HIgh
Short 6121 with 6128

 Mistake :-(there is no space for trade ..immediate below PDH there is no valid trade)
exit 6125
NET= -4 point

Total= -4 Point LOSS
No other trade cause of Data of crude oil ...then there is vast movement ....

  CRUDE OIL DATA :- WEDNESDAY 8.00 PM 

29-07-2014 Crude Oil

29-07-2014

29072014

Crude Oil Open 30 point gap down ,after open price will move down , price will not cross open then it
will be more bearish mode .Looking For Bearish Set-up.
There is triple bottam , i  think there is TST OR FTC .


Trade 1:- BPB Of PDL

Buy 6091 With SL 6083

Moved SL 6095

EXIT 6111

NET= 20 Points

Total =20 Point profit .

28-07-2014 CRUDE OIL

28072014

28072014

Crude Oil Open Gap-down around 27 points .
Open it will have some strength for upside up to PDC ,But  FTC Of PDC

Trade :-SHort 6103 with SL 6112 SL-HIT

NET=-9 Point Loss

Mistake :- There is no any perfect setup and no pullback for trade . WRONGGG Trade no.-1

Trade:-2 :-BPB Of Days Low

SHort 6100 wITH SL 6114 EXIT 6089

NET= 11 point .

TOTAL= 2 Point .

( There is good movment in todays session but have concentrate on price action only watch and read some topic , then watch and wait . )

25-07-2014 CRUDE OIL

25-07-2014

25072014

Crude Open Slightly gap down , after that rangbound movement , no major moves there ..expect either side breakouts ,MAJOR TREND is downside thats why BIAS is NEGATIVE.

Trade1:- BPB of PDL

SHORT 6145 With SL 6152 (AFTER enter in trade price reverse till 6151 but hold for SL trigger and price move like MAD )

Moved SL 6130

ADD Short position 6121 With SL  6130

( Whenever you ADD Position ..exit it early which is that position gave you , if you hold ADD position till hit SL , then it will EAT your main position profit also )

Moved SL 6128 (Which is LH /Swing High)

Moved SL 6102

Trail SL hit . exit at 6102

NET= 43 + 19 (ADD position) =68 points

Note= Friday good movement day .

24-07-2014 CRUDE OIL

24-07-2014

24072014

CRUDE OIL GAP UP with 10 point , but not sustain there , intial move is downside ,after that consolidation, now BOF of PDC ,trying to go upside and sustion above PDH & IRH,Looking for buying side cause of BOF OF PDC and price above PDH .

Trade 1:- BPB Of PDH & IRH
BUY 6213 With SL 6206 SL HIT
NET= -7 Point loss

There is BARBED wire around PDH & IRH , Move anyside will give us trade, Breakdown from Barbed wire .lets see

Trade 2:- BO of Barbed Wire
Short 6206 With SL 6217 ( WHICH is PIN BAR & other extreme of  barbed wire )
Moved SL 6204
Scratch 6193

NET=13 Point

TOTAL=6 Point


MISTAKE :- I Scratch trade cause of the fear , i dont want to lapse my profit ...and i scratch trade . if i run this trade with trail SL then it will give me more than 50 POINTS .

LESSION :- Trail your position dont hurry for scratch trade .

Summary :- NO OF TRADES =2 ,
           Scratch trade =1 ( if trail SL Give 50 point profit )

           SL Hit =1
Thursday

US Manf. Data -7.15 PM 

23-07-2014 CRUDE OIL

23-07-2014

23072014

Crude Oil GAP DOWN 20 Points . There is OUTSIDE from previous day . intially downside movement . Price bound around DP (PDL &

PDC ), It may be  BARbed wire ..

Trade 1:-BPB OF PDL & PDC
SHORT 6176 WITH SL 6181 Expect IRH (Price touch IRH ) exit 6270 (with limit order)
Net=6 Point

Trade 2:-BPB Of PDL & PDC
SHORT 6172 WITH SL 6178 hITT SL 6178
NET= -6 Point  Loss

Trade 3:-BOF OF HIGH
SHORT 6194 WITH SL 6203 HIT SL EXIT 6203

NET=-9 Point loss

MISTAKE :- WANT to wait for pullback short , i tke direct breakout  and it fail , there is no set-up for short .

Trade 4:- BPB

BUY 6213 WITH SL 6206 Scratch the trade 6210

NET= -3 Point LOSS

TOTAL=-12 Point LOSS

Summary :- Total trades =4 , SL Hit =2 trades , scratch trades =2

22-07-2014 CRUDE OIL

22-07-2014

22072014

Yesterday is expiry of Jully contract .then there is huge differance betn last month and current month . Croude Oil open GAP UP 60 Points . Now there is mix and

volatile movement now ,

Trade :-1 BOF OF IRL

BUY 6231 WITH SL 6225 ,price facing resistance then exit 6240

NET= 9 POINT

Trade 2:-BPB OF IRL
Short 6221 with SL 6230
SL Moved to 6209

A)ADD Position below 6204 with Same SL
B)ADD one more position below 6294 With Same  SL
Scratch both ADD position A) AND B) AT 6200

NET Of ADD position =-2 pOINT loss

exit from trade 6200 .

NET = 19 point

there is BARBED WIRE around PDH

Trade 3:- BO OF Birberd wire /PDH
SHORT 6192 WITH SL 6201 scratch 6196
NET=-4 Point LOSS

Trade 4:- BPB Of barbed wire low
SHORT 6194 WITH SL 6203 Expect tgt previous low . SCRATCH THE trade 6198
NET= -4 Point loss

TOTAL=20 Point
   

Summary :- Scratch trade =3 , SL Hit trade =0
If i hold this trade it will gave me handsome profit but not hold cause of fear OR Cause of vanish my earlier profit . 

21-07-2014 CRUDE OIL

21-07-2014

21072014


Crude oil open Slidly gap down and gone to bearish mode in morning session
Trade 1:- BO of PDL

Buy 6203 With SL 6197 Expect price will break PDC and go upside ..lets see ...Scratch trade 6200

NET= -3 POINT Loss

LESSION :- There is NO SPACE For trade , dont be emotion or overthink OR expectation from mkt .

Trade 2:-BPB OF PDL/BRN
SHORT 6199 With SL 6205 Expect new low from here .... Hitt SL 6205

NET= -6 Point LOSS

There is BIRBERD WIRE around DP Justt wait and watch , two trades taken and both exit in loss , want to take some time to analyze mkt .

Trade 3:- BPB OF PDC

BUY 6211 With 6206 expect previous high of the day ( last two trade cut in loss and price will be move from range lets see ....) Exit from trade 6222

NET= 11 Point


Trade 4:- BPB OF MSP

BUY 6248 WITH SL 6241 Expect 6260 lets see  , scratch the trade 6265 .

NET= 17 Point
( scratch the trade cause of there is 3 previous high will not crack ..thats why allready thinking of BOF Of high )

Trade 5:- BPB

BUY 6272 WITH SL 6265 , HIT SL -6265


NET= -7 POINT LOSS

TOTAL= 12 POINT

18-07-2014 CRUDE OIL

18-07-2014

18072014

Previous day crude oil close days high , then my sense says it formly bullish in mode , crude open GAP UP 30 POINT . Crude oil facing stiff resistance at IRH ,try to 

hit it but fail it , now i think there will be limited upside lets try to short near IRH , BUT not got any trade ,then just watch ..

Trade 1:- BOF Of IRL 

Short 6242 wITH SL 6254 Expect tgt PDH & PDC ,HITT it Simply exit 6230 . 

NET =12 Point 

( as decided earlier allow frist pullback after enter in trade , but not possible of greed and its strong flip i think cause of PDH& PDC )

Trade 2:- BPB OF PDC & PDH 

Short 6227 With SL 6233  EXPECT Totaaly bearishness lets see , scratch trade 6223

NET=4 POINT  

Lession :- this time i allow frist pullback but again reverse and hit minor high , i scratch the trade , and after that  price will be favour of me . ...that bad luck 

..) 

Trade 3:- BPB of DL 

SHORT 6215 With SL 6224  EXPECT ..BIAS is toatlly in BEAR side then simply strong guts that this trade will be in profit ...let see .. scrtach 6209 

NET=6 Point 

( this time i really FED i will not catch major move ...trade favour in 13 point profit , but got of 6 point ..decide to cut 10 point profit from nexxt trade ..) 

Trade 4 :- BOF of PDC & PDH 

MASTER CANDLE IS NOW DP for us BUY above it and short below it 

Short 6223 With SL 6230 scratch 6205  ( cause of PIN BAR + 6200 RN + Previous LOW BOF ) 

NET= 18 Point 

Trade 5:- BOF Of PDC & PDH 

SHORT 6222 With SL 6232 Scratch the trade 6227 

NET= -5 point LOSS 

Trade 6 :- BPB OF PDC & PDL 

Short 6220 with SL 6232 Scratch the trade 6208 ( cause 6200 is strong FLIP ZONE today just exit there in position ) 

NET= 12 Point 

TOTAL = 48 point profit 

17-07-2014 CRUDE OIL

17-07-2014

17072014

Previous day is mixx day mkt move upside on evening session . Today mkt open Gap up ,intial flat and take BOF of PDH shoot like bullet .BIAS BULLISH ,looking for BUY trade now .


Trade 1:- BPB Of Days High
Buy 6163 With SL 6157 Exit 6176
( i think price is struggling to go up ..its second attempt to cross previous high but fail to do iit ...then simply exit ) WHEN IN DOUBGHT THEN OUT .
NET= 13 Point

Trade 2:- BPB
Short 6172
With SL 6184  (Expect tgt 6156-58  lets see )
scratch  6170

Net=2 POINT

MISTAKE :- I Want to allow Frist Pullback after trade...there is panic whenever price move reverse ..

There is WILD movment today , i prefare to stay away from that

WHERNEVER IN DOUBT ,JUST OUT From mkt . i just follow it ,enjoy roller-coster today .


Total=15 point profit

16-07-2014 CRUDE OIL

16-07-2014

16072014

CRUDE OIL open GAP UP 50 point ,After that slightly upword movement then BIAS is bullish now , Lets see ,

Trade 1:- BPB Of MSP

BUY 6060 With SL 6052 Expect tgt new high lets see what happen
exit 6055 hit SL badly .
NET=-5 Point

MIstake :- 1)my BIAS is +ve since morning but ...now mkt is on negative mode and i just IGNORE

Current condition of mkt and enter in trade ,and there is PULLBACK but not cross of it then THis is not valid trade ...but i understand it after loss of 5 point in the trade , this is not good
2) one more point i MISS all movement which is good if i stand on RIGHT side .

Trade 2:-BPB
Short 6047 With SL 6050 scratch 6048
NET=-1 Point loss

Lession :- Atfter enter in the trade mkt make new low and reverse after that mkt hit same low ..but does not break it ..and that is SIGN of Bulliness or reverse of mkt just few point that the ideal exit .

Mistake :- Second trade by location is false there is no space and ..price touch DL & IRL Twice and that is BOF Of DL & IRL ..and thats the location to take trade...and that trade work very well

Trade 3:-BPB OF MSP
BUY 6063 WITH SL 6058 Hitt SL
NET=-5 point

NOW STOP trading for today , this is BAD VERY BAD day three conscessive hit SL .

Lession :- After STOP trading there is good movementum come but cant trade cause of my previous mistake and all three conscessive trade in loss , from next time dont be hurry for trade ,check all condition intially and after that take trade ..


Total NET = -11 Point LOSS
CHECK ALL CONDITION BEFORE TRADE , AFTER TRADE THERE IS POST-MORTEM IS NO USE .

15-07-2014 CRUDE OIL

15-07-2014

15072014

Previous day is mix day up-down its non-trending mkt . today open Gap-Up 30 point and after that one side down fall ,mkt Bias is Negative now ..we are looking for

short on pullback .lets see

Trade1 :-BPB OF PDL
Short 6021 wITH SL 6027 (which is above pullback high and above DP(PDL) )
SL moved to 6022
Moved SL 6008 ,EXIT 6004
NET=18 POINT

Trade2:-BO Of Days low
Short 5995 wITH SL 6001 (Mistake :- there is ealry exit from trade and now trade is 10+ point profit from my profit booking point , then take second trade for taking

opporchunity) now strict SL FOR TRADE ...lets see
Moved SL to 5995
Moved SL to 5985
SL hit ,exit
NET=10 Point

Trade 3 :- BPB OF MSP
Short 5984 with SL 5987 EXIT ON SL HIT 5987

NET=-3 POINT LOSS
 
TOTAL=25 POINT PROFIT 

14-07-2014 CRUDE OIL

14-07-2014

14072014

Previous Day is downside movement day . Crude oil open gap down and move side by side on upside now 30 rs up from opening price .think about long bias are positive .

Trade 1:-BPB OF PDL /RANGE HIGH 

BUY 6063 WITH SL 6055 Scratch the trade 6060 exit in 3 point loss 

NET=-3 Point

There is rejection of price PDC and PDL Suddnely price dripts down to MSP thinks Mkt change mood from bullish to bearish and bias goes negative 

Trade 2:- Short 6050 With SL 6057 Expected tgt 6041 or below that lets see ,EXIT 6057 With 7 Point Loss 

NET=-7 POINT Loss

Now my mind clear about rangebound mkt and think about BOF of range extremes ...till yet i am thinking about directional movement thats mistake by me . lets wait and watch just see mkt now Two SL Hit

Trade 3:- BOF Of Previous High 

Short 6066 wITH SL 6073 Expect mkt in rangebound mode and price will be come lower range Trade work on expected moved SL -6057 

SL moved to 6048 ,Exit 6041 

NET= 25 POINT 

Trade 4:- TEST OF MSP 

Short 6047 with SL 6053 Expect Previous low is tgt lets see ,...scratch 6050 

NET=-3 Point loss

 (Mistake for exit price @ 6042 two time rejected and make PIN BAR THIS is indication of price mood is opposite side ...i want to exit there just simple term )

Trade 5:- Short 6067 wITH SL 6073 Exit 6058 

NET=9 Point 

TOTAL=23 Point Profit 

11-07-2014 CRUDE OIL

11072014

The Birberd wire Or CIGGARATE Pattern ,BO from it

Trade 1:-BO OF Birberd wire
Short 6150 With SL 6158 Exit 6132
NET= 18 Point

Trade 2:- BOF Of Previous range low
BUY 6130 With SL 6225 Expect the tgt 6150 ,SL Hit EXIT 6125

Net=-5 point

Trade 3:- BPB
Short 6115 wITH SL 6120 EXIT 6075
NET=40 POINT

TOTAL =53 Point profit

10 JULLY 2014 CRUDE OIL

Trade 1:-BPB OF PDC
BUY 6122 WITH SL6144 EXIT 6137
NET=15 POINT


Trade 2:-BOF OF range high
SHORT 6144 WITH SL 6152 EXIT 6137
NET=7 POINT

Total=22 Point profit .

=====================================

Regarding last two days i was not attain evening session of crude oil cause of UNION BUDGET event .i was busy with my strategy and position on this event .thats why not update blog .

thank you 

07-07-2014 CRUDE OIL

07072014

Gap up open ,initailly downmove and after that consolidate and start step by step upmove start ,now market at high of the day

Trade :-BOF OF IRH AND PULLBACK
Short 6244 WITH SL 6248 (Expect tgt PDH Which is 6235 ).EXIT 6243
NET=1 POINT

Trade :-2 BPB OF IRH
SHORT 6245 WITH SL 6249 EXIT 6236
NET=9 POINT

MISTAKE :- Early exit cause of fear in trade and miss 20 point fall ..thinking thought and process is well in direction of trade but not capture entire downside move (NO Phone call attain in mkt timing .that time i am on phone ..its bad habit )

Trade3 :-BPB Of PDL
Short 6206 with SL 6215 EXIT 6209
NET=-3 POINT LOSS

Trade 4:-6204 With SL 6215 EXIT 6209
NET=-5 POINT LOSS

Total=2 POINT PROFIT

04072014 CRUDE OIL

04072014

Crude open flat with intial strenth on upside and halt there..2-3 hour consolidation

All Three trades are model trades.
Trade 1:BPB OF RANGE LOW /MSP
Short 6220 with SL 6223 Exit 6216
NET = 4 Point
Trade 2 :- BOF Range low support become resistance
Short 6220 with SL 6223 Exit 6212
NET =8 Point

Trade 3:-TEST OF RANGE LOW S become R
SHORT 6219 WITH SL 6221 EXIT 6210
NET=9 POINT

TRADE 4:-BO Of Range low
BUY 6222 WITH SL6217 EXIT 6225
NET=3 POINT

TOTAL=23POINT PROFIT

LOL -Layer Over Layer

03 JULLY 2014 CRUDE OIL

03072014

GAP Down open ,intial movement show strength on upperside but it halt at PDL & PDC . It is stiff resistance for today movement on upside . price rejected at PDC

Trade 1 :- BOF Of PDC
Its Model TradE . short Below 6232 with SL 6241 (Expect tgt our next DP (Initial range /DO ). Trade work very well exit on 6215 when price pullback .

NET= 17 POINT

Trade 2 : BPB
SHort 6207 with SL 6212 (expect tgt recent low ) SL move to 6206 .EXIT 6198 .WAIT MORE than hour within trade but not move as expected .

NET=9 POINT
TOTAL=26 POINT PROFIT

CRUDE OIL 02 JULLY 2014

02072014

Gap up open ..but since morning trend is down . market is in

sell mode .now find the opporchunity to sell on rise or find

selling area.

Trade 1 :- TEST

Short 6283 WITH SL-6286

(Expect price will go to recent low 6376 its intial target )

move sl 6272

moved sl 6268 which is recent pullback area

Trail SL Hitt 6368 trade close.

there is ADP Employment data which is effective ...and take

sharp action .


NET= 15 Points



TRADE 2:- BPB

Short 6266 WITH SL 6273

(EXPECT intial tgt is recent low which is 6257 ..lets seee)

exit 6266

NET =0 points

there is some consolidation and price not fall below that

..think to scratch this trade ..and wait for nextt move .



MISTAKE :- exit early cause of fear ... and trade move as expected ...this mistake reapeat today also ...yesterday same happen as ..early exit from trade ... note down this .....



Trade 3 :-TST,BPB

SHORT 6260 WITH SL-6367
(Expect price will breaak recent low and make new low cause

of negative bias ..and its major trend )

Trail SL moved to 5256
 wHICH Is recent minor high


Trail SL 5250 which is recent low ...if hit will exit  lets

see

s

SL hitt

NET =10 Point


CRUDE OIL Inventory ...caution ...do not trade on inventory

...its rule ..and want to follow it


Trade 4 :-BPB

Buy 6275 wITH SL 6265


(Expect intial tgt PDL which is 6290 )

EXIT 6278

NET = 3 Point profit


MISTAKE NO-2 Again early exit and after that trade move as i expect ...i have fear price will fall below my buying level thats why i exit above my cost ...and wait....now price will go up lik e mad ... todays second mistake ..it is ...



There is perfect H&S pattern on one min.chart ,if it break

neckline its good short trade intiated ..but i trade only DP method trade practice ...just pure study on trade on iT  .H&S WORKEDDDD...like mad ..butt not trade...


Trade 5 :-BOF
BUY 6250 With SL -6240

EXIT 6244

NET= -6 Point loss

Mistake - dont take direct trade ...let watch ,calm, in present mind and cool in front of screen

CRUDE OIL 01 JULLY 2014

Trade 1

model trade-BOF of intial range high
short 6382 SL-6385
EXIT ON PULLBACK 6381 scratch it .

(EXPECT TGT range low )
net-1 point

Trade 2

actual trade BOF
Buy 6372 with SL 6368
scratch it 6373

(expect it will go to range high ) but it again within

range...

net= 1 point profit

MIstake :-

trade 2 ...is TEST trade ...its not BOF .. Its wrong ...

thats why i miss nextt BEST move of BOF ..AND its Great TRADE

..miss cause of my mistake ..


Trade 3

Price Out of Birberd Wire ...Break down From Range

BPB Short Below 6360 SL- 6367  target Open

Exit 6350

Net = 10 point


Trade 4 :-BPB

BPB SHORT 6336 with SL 6345

Scratch it @ 6340

net -5 point

Total=7 point profit

Lession from today ....There is one side movment and pullback is definaltly come in this situation ...we have capacity to handle it ...i am panic in that and exit on pullback ...thats mistake ...