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 ...

CRUDE OIL 30 JUNE2014

Crude oil 30june 2014
start again after 2 month break cause of concentrate on equity market for election move .
will continue commodity from now .

:)

CRUDE OIL-09 APRIL 2014

Crude oil Open in previous day range.
 After open there is range bound activity . Its Barbed wire. Breakout from barbed wire and pull back .but there is no space immediate above PDH. Then wait and watch only.
There is breakout failure of PDH.
Price is no more sustain in lower range and again inside of PDC &PDH.
my bias is BULLISH now . think about BUY trade .
1) BUY on BPB
2) EXIT @ Black mark there.

Price are not to go down and above PDH.
There is blue star ...Like SPRING nature immediate buying come that level .

looking for Buying opportunity. wait ....wait ...wait .....

there is CIRCLE ...looking for long trade but LOT of confusion ......then not dare to trade . and miss opportunity....:(...and ONEWAY mkt is UP...UP..UP..

Thank you .

CRUDE OIL -08-April-2014

I am practice DECISION POINT with Crude oil chart .
Crude oil 3min. intraday chart.
Today open GAP-UP but inside day with previous day range.
BOF of Previous day high. trade not taken cause of there is no space .Immediate RN & IRL .
1) SHORT below IRL & RN .
2) Cover it .
Waiting ....waiting.....waiting...
3) BO of PDH & IRH  .....BUY BPB ...Stoploss DP.
4)Scratch the trade.