31-07-2014 CRUDE OIL

31-07-2014

31072014

Crude Oil Open GAP-DOWN 40 point . OUTSIDE DAY . After open price flat no action ..now evening session show some strength . Price slidly show upside movement . looking

for action around PDC.

Price confuse around PDC &PDL ...THEN i prefare to wait for exact confirmation and after that took trade BPB .

Trade 1:- BPB Of PDC/PDL
BUY 6170 With SL 6059
(allow Frist pullback for price after breakout)
exit @ breakeven 6170
NET=0 Points

Trade 2:- BPB Of PDC/PDL
Short 6155 with SL 6165
(Allow frist pullback , pullback upto 6159 my heartbeat fast there..)
exit 6125
NET=30 Points


Total= 30 Point profit

Mistake :- Scratch trade before any reversal .....and after that trade will move same direction around 25 points ..

Today , i complete one month of trading crude oil contract with DP . its really good experience , i will share result here soon.

thank you

30-7-2014 CRUDE OIL

30-07-2014

30072014

There is sligthly GAP Up opening one spike for UP side , after that price move down upto Initial
range . Again price back to range , i think there
is range bound movement ,
think about BUY @ Range low and SELL@ range high.

Trade 1:- BOF of Days HIgh
Short 6121 with 6128

 Mistake :-(there is no space for trade ..immediate below PDH there is no valid trade)
exit 6125
NET= -4 point

Total= -4 Point LOSS
No other trade cause of Data of crude oil ...then there is vast movement ....

  CRUDE OIL DATA :- WEDNESDAY 8.00 PM 

29-07-2014 Crude Oil

29-07-2014

29072014

Crude Oil Open 30 point gap down ,after open price will move down , price will not cross open then it
will be more bearish mode .Looking For Bearish Set-up.
There is triple bottam , i  think there is TST OR FTC .


Trade 1:- BPB Of PDL

Buy 6091 With SL 6083

Moved SL 6095

EXIT 6111

NET= 20 Points

Total =20 Point profit .

28-07-2014 CRUDE OIL

28072014

28072014

Crude Oil Open Gap-down around 27 points .
Open it will have some strength for upside up to PDC ,But  FTC Of PDC

Trade :-SHort 6103 with SL 6112 SL-HIT

NET=-9 Point Loss

Mistake :- There is no any perfect setup and no pullback for trade . WRONGGG Trade no.-1

Trade:-2 :-BPB Of Days Low

SHort 6100 wITH SL 6114 EXIT 6089

NET= 11 point .

TOTAL= 2 Point .

( There is good movment in todays session but have concentrate on price action only watch and read some topic , then watch and wait . )

25-07-2014 CRUDE OIL

25-07-2014

25072014

Crude Open Slightly gap down , after that rangbound movement , no major moves there ..expect either side breakouts ,MAJOR TREND is downside thats why BIAS is NEGATIVE.

Trade1:- BPB of PDL

SHORT 6145 With SL 6152 (AFTER enter in trade price reverse till 6151 but hold for SL trigger and price move like MAD )

Moved SL 6130

ADD Short position 6121 With SL  6130

( Whenever you ADD Position ..exit it early which is that position gave you , if you hold ADD position till hit SL , then it will EAT your main position profit also )

Moved SL 6128 (Which is LH /Swing High)

Moved SL 6102

Trail SL hit . exit at 6102

NET= 43 + 19 (ADD position) =68 points

Note= Friday good movement day .

24-07-2014 CRUDE OIL

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 

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