My System - My trades.

Vipul_84

Well-Known Member
Seniors please answer this.
What happens if you have a long/ short position on inventory day in Crude? What I have observed is that there is suddenly 50-80 points move in 1-2 minutes. If this move is in our favour then there is no problem. But what I want to ask is, if the move is against our position does our STOP LOSS (SL_M type) order getts filled?

For example, now crude is trading at say 3100 and I am short from 3120 with stop loss at 3140 (SL_M type order). When inventory time move takes place, and market goes against me, will I get a fill at 3140 + some slippage? Never played thru inventory day and thats why this question.
 

vijkris

Learner and Follower
Seniors please answer this.
What happens if you have a long/ short position on inventory day in Crude? What I have observed is that there is suddenly 50-80 points move in 1-2 minutes. If this move is in our favour then there is no problem. But what I want to ask is, if the move is against our position does our STOP LOSS (SL_M type) order getts filled?

For example, now crude is trading at say 3100 and I am short from 3120 with stop loss at 3140 (SL_M type order). When inventory time move takes place, and market goes against me, will I get a fill at 3140 + some slippage? Never played thru inventory day and thats why this question.
If the move is not in your favour, "some slippage" will be soo high that weak ppl will suffer a heart attack. :D
Better to stay SOH for that 3,4 minutes.

Yes the order will be filled .
 

marimuthu13

Well-Known Member
Seniors please answer this.
What happens if you have a long/ short position on inventory day in Crude? What I have observed is that there is suddenly 50-80 points move in 1-2 minutes. If this move is in our favour then there is no problem. But what I want to ask is, if the move is against our position does our STOP LOSS (SL_M type) order getts filled?

For example, now crude is trading at say 3100 and I am short from 3120 with stop loss at 3140 (SL_M type order). When inventory time move takes place, and market goes against me, will I get a fill at 3140 + some slippage? Never played thru inventory day and thats why this question.
it will get filled for a sure as it is SL-M...but slippage will be little more...........usual slippage in crude will be 0-1 points...inventory time you can expect around 5 points slippage..
 

Shikamaru

What a drag!!!
Seniors please answer this.
What happens if you have a long/ short position on inventory day in Crude? What I have observed is that there is suddenly 50-80 points move in 1-2 minutes. If this move is in our favour then there is no problem. But what I want to ask is, if the move is against our position does our STOP LOSS (SL_M type) order getts filled?

For example, now crude is trading at say 3100 and I am short from 3120 with stop loss at 3140 (SL_M type order). When inventory time move takes place, and market goes against me, will I get a fill at 3140 + some slippage? Never played thru inventory day and thats why this question.
If price flow nicely, Slippage is less but some times Gap of 20 to 40 points happen in that case SL-M will be killer...
 

Shikamaru

What a drag!!!
Thanks MB ji. Can you please check if my setup is correct?

1. We only look for shorts only when OBV is red and Longs when OBV line is green.
2.In the above crude chart, at around 2.06PM both OBV and price are above 200EMA. But OBV line is red as it is still below LVBar . We do not enter long here as OBV line is still red?
Hi,
Refer Next series contract, you may get clear picture for intraday trading...
This is my observation, Seniors and other members will have better suggestion...
 
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