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