Wednesday, July 23, 2014

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






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