Skfc - mcx crude oil turning point (tp)

S

SKFC

Active Member
#51
#51
calmeshenoy said:
yesterday v roll over sept crude tp oct frm 4150sept to 4176oct today ur tp s 4104 hw can v keep our position sir sept crude sell trgrd@ 4117 v sold d nov position also
Click to expand...
Dear Friend,

Below are 5 min. chart for Sept series and Oct series of MCX Crude Oil.

For Sept and Oct series the price broke through the TP level of 4121 and hence we were short.

However today morning the price of Oct series opened above the TP level of
4104, hence we covered our short for Oct and went long.

This has resulted in a loss for the Oct series for today.

The other way is to take a position in Oct series today i.e. on the first day after expiry of the Sept series.

The bottom line is follow the TP levels.

Long above TP and short below TP.



 
S

SKFC

Active Member
#52
#52
Date: 21.September.2011
India Time - 09:00

Dear Friends,

Below are MCX CRUDEOIL levels for 21.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4119

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
 
S

SKFC

Active Member
#53
#53
Date: 22.September.2011
India Time - 09:45

Dear Friends,

Below are MCX CRUDEOIL levels for 22.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4136

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
 
S

SKFC

Active Member
#54
#54
Date: 23.September.2011
India Time - 09:15

Dear Friends,

Below are MCX CRUDEOIL levels for 23.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4059

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
 
S

SKFC

Active Member
#55
#55
Date: 24.September.2011
India Time - 09:15

Dear Friends,

Below are MCX CRUDEOIL levels for 24.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4040

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
 
S

SKFC

Active Member
#56
#56
Date: 25.September.2011
India Time - 16:00

Dear Friends,

Below are MCX CRUDEOIL levels for 26.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4020

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance
 
S

SKFC

Active Member
#57
#57
Date: 27.September.2011
India Time - 09:00

Dear Friends,

Below are MCX CRUDEOIL levels for 27.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3981

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance
 
S

SKFC

Active Member
#58
#58
Date: 28.September.2011
India Time - 09:00

Dear Friends,

Below are MCX CRUDEOIL levels for 28.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 4007

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
__________________________________________________ ____________
Disclaimer -

Readers of this post must take the contents only as a learning experience…
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility…
__________________________________________________ __________
Best Regards,

SKFC Mumbai
Profit by choice not chance
 
S

SKFC

Active Member
#59
#59
Date: 29.September.2011
India Time - 09:10

Dear Friends,

Below are MCX CRUDEOIL levels for 29.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3997

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
_________________________________________________
Disclaimer -

Readers of this post must take the contents only as a learning experience.
Stock / Future contract levels are derived from material and information readily
and freely available on the internet.
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility.
_________________________________________________
Best Regards,

SKFC Mumbai
Profit by choice not chance
 
S

SKFC

Active Member
#60
#60
Date: 30.September.2011
India Time - 09:15

Dear Friends,

Below are MCX CRUDEOIL levels for 30.September.2011
_________________________________________________

MCX - CRUDEOIL TURNING POINT (TP) = 3998

The strategy with TURNING POINT (TP) is as follows -

Example -- If CRUDEOIL TP = 4386, then

Long at 4386 + 4 = 4390

Short at 4386 - 4 = 4382

Once a position is taken (min. 2 lots of MCX CRUDEOIL Future or multiples thereof),
keep booking profits at regular intervals of every 40 points gain.

Roll over position on expiry.
_________________________________________________
Disclaimer -

Readers of this post must take the contents only as a learning experience.
Stock / Future contract levels are derived from material and information readily
and freely available on the internet.
Remember, you are on your own. You must trade at your own risk,
consequence & responsibility.
_________________________________________________
Best Regards,

SKFC Mumbai
Profit by choice not chance
 
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