Crude chart trading levels

#84
Hi Stock trendy,

Can you please check if i am able to identify the sup/res levels properly. Below are the res/supp levels i feel for today on crude 5min TF.
Res: 2578 2591 2620 2645
Sup : 2520 2505

At sup/res levels to identify the continuation/reversal do we need to wait for MA crossover?

Thanks in advance.
 

Stock trendy

Well-Known Member
#85
Hi Stock trendy,

Can you please check if i am able to identify the sup/res levels properly. Below are the res/supp levels i feel for today on crude 5min TF.
Res: 2578 2591 2620 2645
Sup : 2520 2505

At sup/res levels to identify the continuation/reversal do we need to wait for MA crossover?

Thanks in advance.
Pivot calculation is perfect.
intraday 5 to 15 mts chart what ever you are comfortable with..combination of both ma breakout as well pivot ..sup/res..levels..
Longer TF 4hr to identify trend..
present trend 4 hrs is down from [email protected] 21/5
 

Stock trendy

Well-Known Member
#86
Daily Pivot level does not change through out the day irrespective of TF..
For Day trading ..it is easy to trade on lower TF with Pivot SUP/RES
I calculate Pivot levels from..
pivotpointcalculator website
classic.(.P+H+C)/3
hope i have clarified your doubts..
 
#87
Daily Pivot level does not change through out the day irrespective of TF..
For Day trading ..it is easy to trade on lower TF with Pivot SUP/RES
I calculate Pivot levels from..
pivotpointcalculator website
classic.(.P+H+C)/3
hope i have clarified your doubts..
So, to calculate pivot point for today, we need to enter Today's OPEN, y'day close, high, low values?
I am getting 2623 (classic(H+L+C)/3) ; i think i am not doing it right. Can you please post an example. If we use above formula OPEN value is irrelevenet right?
 

Stock trendy

Well-Known Member
#88
So, to calculate pivot point for today, we need to enter Today's OPEN, y'day close, high, low values?
I am getting 2623 (classic(H+L+C)/3) ; i think i am not doing it right. Can you please post an example. If we use above formula OPEN value is irrelevenet right?
PLOT ONLY YESTERDAY'S... O H L C...

2545..2592..2505....2572

TODAY'S PIVOT...2556
SUP....2521....2495....2569
I NEVER CHANGE IT THROUGH THE DAY..
KEEP WATCHING DAY'S WEEKS AND MONTHS YOU WILL LEARN IT
DON'T BE IN HURRY TO TAKE UP BIG TRADES
TAKE YOUR OWN TIME TO FIX UP A SYSTEM WORK ON IT
DO NOT CHANGE IT OFTEN..
learn entry exit and sl..
do small trades up to 10 with one system find the result..if it's fine continue it..
 
#90
PLOT ONLY YESTERDAY'S... O H L C...

2545..2592..2505....2572

TODAY'S PIVOT...2556
SUP....2521....2495....2569
I NEVER CHANGE IT THROUGH THE DAY..
KEEP WATCHING DAY'S WEEKS AND MONTHS YOU WILL LEARN IT
DON'T BE IN HURRY TO TAKE UP BIG TRADES
TAKE YOUR OWN TIME TO FIX UP A SYSTEM WORK ON IT
DO NOT CHANGE IT OFTEN..
learn entry exit and sl..
do small trades up to 10 with one system find the result..if it's fine continue it..
Thank you..:) Finding hard to identify trend continuation at sup/res or pivot levels.Will watch charts for some days if MA crossover alone is good enough to identify continuation/reversals.
 

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