My Crudeoil Trades.

[varunkochhar]

Any ways to make ammends will buy above this closed candle at 2955 with stop at 2944.

 

[varunkochhar]

or rather will buy above 2957 (the last high above the channel at around 3:30

 

[checkmate7]

Varunji in crude I feel SL should be at least 15points becoz many times it will take your SL and come back...

 

[varunkochhar]

NO prob. CM ji these Small SL are sometimes blessings in Disguise. Take the case of today's trades. Had i not put these small SL i could well have endured a 25 points loss,

 

[primitivetrader]

Varunji in crude I feel SL should be at least 15points becoz many times it will take your SL and come back...

sl of more than 10 points i avoid the trade in crude

 

[varunkochhar]

In Tick charts, these levels are quite precise. So though i lost 7 points in SL, i was able to get it 20 points cheaper.

 

[varunkochhar]

Meanwhile we are making a triangle of about 58 points since yesterday's high of 2968 and today's low of 2910. We are making higher swing lows and lower swing highs inside this range. BO/BD can give atleast 50 points IMHO.

 

[varunkochhar]

Targetting 3000+ above 2957 and 2880 below 2928.

 

[checkmate7]

Again trying to break the DH...I feel now this resistance will break it has become weak...lets see

 

[varunkochhar]

I am a bit skeptical now about this upmove. As per the LV bar in 50Tick charts at around 3:00 Pm the OBV was higher than present, though the price at 2955 was higher than 2948 during the LV bar. So have shorted at 2954 with sl of 2958. Let us see. (Divergence trade)