1 Lakh to 6 Lakh - Tamil Trader Crude Oil Trading Diary

[Tamil trader]

In worst case scenario, what if it does not recover and at 7:30 its say 6005? We simply book loss and wait for a Sell signal! Correct?

yes. you are correct.. we should go short at 6005 and hold positionally as per my system

But my system is based on trailing stop loss method.. so it gives less loss and gives huge profit.. so i did not face such worst scenerio... in worst scenerio, it may be 20 to 30 points difference only from my SL level...and at the gap up and gap down opening, it may affect sometimes in worst scenerio..

 

[Tamil trader]

After breaking my resistance 6130 ... it touched high of 6165 (MCX)

After breaking my resistance 98.50 ... it touched high of 99.19 (Nymex)

 

[Tamil trader]

100 $ was broken in america

As per this level, Our MCX crude rate is 6220

My long from 6140 is going on

My stop loss 6060 not met on 30 minutes chart closing candle even though there is low of 6050 yesterday

 

[starscream]

100 $ was broken in america



As per this level, Our MCX crude rate is 6220



My long from 6140 is going on



My stop loss 6060 not met on 30 minutes chart closing candle even though there is low of 6050 yesterday

According to the charts there is a breakout of the range and hopefully it stays there for a big run

 

[SuperSaiyan]

buy right hold tight Or
sell right hold tight
Can easily get u to your target weekly chats Evil smile

above 100$ i won;t be long and will wait for first red candle to form and go Bearish

 

[Tamil trader]

Current price is 6205

our long is from 6140

 

[Tamil trader]

6060 is the stop loss now

still i maintain the same stop loss

i will inform if there is any improvement in stop loss

 

[@ravikb]

Hi,

I am one in them who have learnt a lot on your threads and "experience" series. My sincere thanks and wishes :clapping::thumb:

I have a doubt...

Current price is 6205

our long is from 6140

Just a doubt, 6180 being a strong support and the trend being upwards, wont it reverse from 6180 levels to 6220-6250..?

And if it breaks 6180, it may go until 6120 levels, isnt it?? So, we may also also wait until 6120??

Pls correct me if im wrong. thanks.

 

[Tamil trader]

Hi,

Just a doubt, 6180 being a strong support and the trend being upwards, wont it reverse from 6180 levels to 6220-6250..?

And if it breaks 6180, it may go until 6120 levels, isnt it?? So, we may also also wait until 6120??

Pls correct me if im wrong. thanks.

To see 6120, nymex crude should be near 97 .20 $ which is not possible now

Everyone has different strategy

As per my strategy, Bearish trend will start below 6066 only

On higher side 6250 is current resistance which is 100.60 $ in nymex. You are correct

But , according to me , this pullback will test 104 $ in short term which is 6440 to 6500 levels in MCX within expiry date

 

[@ravikb]

Right. The last major support was at 6148 and wondered when it didnt break!! Now, got it. Happy if it goes until $104. Thanks for clarifying