lets have some fun with crude...!

[VJAY]

Yes but your SL will be eaten. Hold on some strategy which protects from being eating stoploss.

Dear doss186,
If you share some of strategy which you using to avoid this its helpfull to all here

 

[doss186]

Dear doss186,
If you share some of strategy which you using to avoid this its helpfull to all here

Use an ATR stoploss which doesn’t hit the 0.5 percent frequently.

 

[crudeonly]

Yesterday close - 3678
Possible tgt - 93 pts (yest. range lowest in nr7 )
Today open - 3699 ( abv yest. close , below yest high)
1 hr range - 9 pts ( 3699 - 3708 , abv yest . close , below yest high )
currently price still not touched 36 hhl

 

[linkon7]

Yesterday close - 3678
Possible tgt - 93 pts (yest. range lowest in nr7 )
Today open - 3699 ( abv yest. close , below yest high)
1 hr range - 9 pts ( 3699 - 3708 , abv yest . close , below yest high )
currently price still not touched 36 hhl

Nice...
That means we can make 3792 (3699+93) as our final exit for long positions IF 3699 hold for the rest of the day...
It also means if 3708 holds..then we have 3615 ( 3708-93) as our final exit for short positions IF 3708 is not hit for the rest of the day...

If either side hits... we revise our target accordingly...

 

[VJAY]

Nice...
That means we can make 3792 (3699+93) as our final exit for long positions IF 3699 hold for the rest of the day...
It also means if 3708 holds..then we have 3615 ( 3708-93) as our final exit for short positions IF 3708 is not hit for the rest of the day...

If either side hits... we revise our target accordingly...

so both way trades today ...as opened inside range?

 

[linkon7]

Now a look at WTI...that shows that 52.0 is the pivot that gave us a Range Extension.... The range extended to 52.78
thereafter both the 36 bar low and high shrunk...so we are in a sideways bracket... with 52.0 as our point of initiating short trade.... as long as 52.0 holds.. we have no reason to go short...

A zoomed in view shows that price are making new 36 bar high...

How does that translate to our charts... We dont care what USD-INR is doing today... That sentiments is already priced in our charts...

I would wait for 3699 to be tested and take the first green haiken bar as my entry long...

I wont chase price at 3710...as we are trading sideways with upward bias...and dont want to be long at the high of the day...
i would much rather buy the 10 bar low if 3710 hits..

 

[crudeonly]

Sir, ( 1) as today open /high are below yest high and also 36 hhv conracting , looking for 10llv entry for long (or)
(2 ) if today o/h are abv yest high then we will look for today first 1 hr ORB brkout with filter 2 pts , ie directly go long at 3710 without looking first hit 36hhv then 10 llv entry ?

 

[crudeonly]

curretly hit 36hhv , now 10llv is near 3700 approx , ( with present moves ) , long at 3700 with 3697 sl , ( just testing whether understood system ,)

 

[crudeonly]

3708 llv touched , now hav to wait for green bar to go long abv that high ,
edit/update : now llv also changed 3705 at candle close in investing chart , but in zerodha showing llv 3708 , which one to follow ?
update 12.22 pm : 12.10 green candle closed abv llv at 3707 , so long keeping 3697 sl .

 

[pannet1]

CRUDE: added 1 more and trailed the first 1.

ready for any surprise.