10 JULLY 2014 CRUDE OIL

Trade 1:-BPB OF PDC
BUY 6122 WITH SL6144 EXIT 6137
NET=15 POINT


Trade 2:-BOF OF range high
SHORT 6144 WITH SL 6152 EXIT 6137
NET=7 POINT

Total=22 Point profit .

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Regarding last two days i was not attain evening session of crude oil cause of UNION BUDGET event .i was busy with my strategy and position on this event .thats why not update blog .

thank you 

07-07-2014 CRUDE OIL

07072014

Gap up open ,initailly downmove and after that consolidate and start step by step upmove start ,now market at high of the day

Trade :-BOF OF IRH AND PULLBACK
Short 6244 WITH SL 6248 (Expect tgt PDH Which is 6235 ).EXIT 6243
NET=1 POINT

Trade :-2 BPB OF IRH
SHORT 6245 WITH SL 6249 EXIT 6236
NET=9 POINT

MISTAKE :- Early exit cause of fear in trade and miss 20 point fall ..thinking thought and process is well in direction of trade but not capture entire downside move (NO Phone call attain in mkt timing .that time i am on phone ..its bad habit )

Trade3 :-BPB Of PDL
Short 6206 with SL 6215 EXIT 6209
NET=-3 POINT LOSS

Trade 4:-6204 With SL 6215 EXIT 6209
NET=-5 POINT LOSS

Total=2 POINT PROFIT

04072014 CRUDE OIL

04072014

Crude open flat with intial strenth on upside and halt there..2-3 hour consolidation

All Three trades are model trades.
Trade 1:BPB OF RANGE LOW /MSP
Short 6220 with SL 6223 Exit 6216
NET = 4 Point
Trade 2 :- BOF Range low support become resistance
Short 6220 with SL 6223 Exit 6212
NET =8 Point

Trade 3:-TEST OF RANGE LOW S become R
SHORT 6219 WITH SL 6221 EXIT 6210
NET=9 POINT

TRADE 4:-BO Of Range low
BUY 6222 WITH SL6217 EXIT 6225
NET=3 POINT

TOTAL=23POINT PROFIT

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 ...