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
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
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