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

[ShawnMedia]

Great work vinoth ... your SL was at exactly right level

 

[Jeareh]

Hi Vinoth,

You do positional trades in crude oil with M30 charts following trend reversal method. Using the same method I want to do intraday trade wiht M5 charts. As am a part time trader do trade only in the evening. It is sufficient if I get 10 points per lot. Entering trade at correct reversal signal. Exiting after reaching 10 points. Is it possible to achieve?

 

[Tamil trader]

Hi Vinoth,

You do positional trades in crude oil with M30 charts following trend reversal method. Using the same method I want to do intraday trade wiht M5 charts. As am a part time trader do trade only in the evening. It is sufficient if I get 10 points per lot. Entering trade at correct reversal signal. Exiting after reaching 10 points. Is it possible to achieve?

I used the same with 5 minutes chart to get 10 points every day. but it is not working.

In five minutes, all AFL will show the buy signal at higher levels and sell signal at lower levels. It is very dangerous to trade with 5 minutes chart.

To get 10 points every day, Follow some moving average cross over techniques with MACD comparison. you can get 10 points easily.

5 EMA and 25 EMA, or 3 EMA and 15 EMA is good for getting 10 points with 15 minutes chart.

Buy on the cross over.. and stop loss is previous candle low. it works for intraday most of the time if you follow strictly.

But trade the crossover in the evening session only. dont trade this technique in the morning session

 

[starscream]

Tt what is your trading system based on

 

[Tamil trader]

TT what is your trading system based on

There is 21 indicators included in the system.

When all the indicators are in the green, it will display the buy signal

When all the indicators are in the red, it will display the sell signal

otherwise, the same trend will continue. we no need to book the loss for the small trend reversal. it will react on the major trend reversal only

 

[Tamil trader]

Current Crude major support at 98.95 and 6150

Current Crude major resistance at 100.80 and 6250 to 80 Levels

Below 61.80 is the bearish zone for the INR

Nymex Crude opened with huge gap up of 60 paisa in the opening candle. now trading positively in newyork metal exchange

 

[Tamil trader]

Trade 2

05.02.2014

Crude Fresh Long Taken at 6140

Trade 2

17.02.2014

Sold at 6228 = 88 Points Profit

Trade 3

March Contract bought at 6248

(Just rolled over the contract today)

 

[Tamil trader]

6160 is the trailing stop loss for the march contract

 

[Tamil trader]

Nymex crude is to see further upside and to test 104 levels within three or four trading sessions

 

[Tamil trader]

INR holds above 62.00 in international market