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