Crude chart trading levels

Hi Stock trendy,

When i look at 15/30m chart 2544 looks to be previous pivot point. Can it act as resistance now? With povotpoint calculator 2544 is not a resistance level.
 

Stock trendy

Well-Known Member
Day's pivot at 2493..
res..1..2537...2...2558

gap up ...trading around 1st res..2537

have to wait for price come near to pivot or yesterday's close..i.e 2514 for entry with sl at 2493..that could be intraday strategy..
or price may go up to 2nd res..2558 and then pull down..
trend is up..watch it..
 
Day's pivot at 2493..
res..1..2537...2...2558

gap up ...trading around 1st res..2537

have to wait for price come near to pivot or yesterday's close..i.e 2514 for entry with sl at 2493..that could be intraday strategy..
or price may go up to 2nd res..2558 and then pull down..
trend is up..watch it..
Can you please post H L C values also you have used..
 

Stock trendy

Well-Known Member
Use real one as per chart..
Op.2460
h..2522
l...2450
c...2515
record shows..op.2385..and low.2385..if you use this input you will not get the correct pivot...we have to be smart..
 

Stock trendy

Well-Known Member
Pivot..2495..
res..2530..2556..2582
sup..2469..2643..2626
i said it before it's very difficult (gap up/down sideways) to trade intra day..
yesterday price moved from Res. 1 broke Pivot and tested Sup.1 classic example for pivot trading.
positional entry made at 2450..day before still holding 50%
(ref..4hr chart positive breakout)
Avoid trading every day..if market is not giving chance for 2 3 days not an issue..wait for correct level to enter..it is easy to say very very difficult to do it practically..
to be a prof. trader need to develop skill..that requires tons of patience
good luck
 

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