Monkey King's Oily Tales (Day Trading Crude Oil)

[Monkey King]

Was long at 3949, got stopped out at 3954
Then rose up to 3666

Good entry and a good trade, you followed the basics. As long as we save ourselves to fight another day, we survive. Even if we miss the big moves, it is ok. As long as the basics are covered. Good trade discipline. I get hit 90 percent of the time this way but I try to follow the set up. Safety first, lol.

 

[Deelipenergy]

i was tracking 5min 21 ema and 200ema for trend direction

 

[Monkey King]

i was tracking 5min 21 ema and 200ema for trend direction

Ok, stick and train your eye to whatever you feel is best. I have friends abroad who trade wti in big lots with just 20 ema.

They tell me that the simpler the chart, the less you make mistakes. That feels right to me.

Took a scalp in zinc, oops, net is positive again, just 100 but a plus, lol

 

[Monkey King]

Short on crude @ 3948, let me see

Edit - out @3941

 

[jyotixxx]

Hi,

I was tracking CrudoilMini chart! Here are my obs:

My Amibroker chart showed a sudden dip at 1445 lowering to 3905 but just for fraction of second. The chart recorded it. However the chart of Zerodha Showed nothing, though intraday low recorded as 3905.

Was it a real whipsaw? Does such whipsaws trigger stoplosses?

 

[Monkey King]

Possible, it does happen at times. Since we do not have tick charts. I suspect they do trigger sl's.

Maybe we will have to check with some senior members here regarding this to get an informed and correct answer to your doubt.

My answer is based on what the zerodha helpline exec told me when a deep sl got triggered despite nothing registering on the chart.

You do have a traders eye for detail. Kudos to that.

 

[marimuthu13]

Hi,

I was tracking CrudoilMini chart! Here are my obs:

My Amibroker chart showed a sudden dip at 1445 lowering to 3905 but just for fraction of second. The chart recorded it. However the chart of Zerodha Showed nothing, though intraday low recorded as 3905.

Was it a real whipsaw? Does such whipsaws trigger stoplosses?
View attachment 36005 View attachment 36006 View attachment 36004

Yes it trigger SL as well as target orders...

 

[Monkey King]

Yes it trigger SL as well as target orders...

Thanks for clarifying, I just suspected the same untill now.

 

[jyotixxx]

I am subscribed to Tick data of Valvenet on Amibroker, may be that's why it was registered

 

[Monkey King]

I am subscribed to Tick data of Valvenet on Amibroker, may be that's why it was registered

True, but you spotted the minor detail. That shows your eye for detail. me and so many others could learn things from you. Your action spoke louder than words