Tamil Trader- September Crude Oil Trading Diary

[Rish]

Sorry this is not my afl....

I never said this is your AFL. This may not be your AFL, but, this will give you the same backtest result what you have posted in your earlier post.

Just for sharing the information, nothing else.

All the best.

 

[Tamil trader]

Crude is trading near 107$... More panic will be seen below 105 .50 $ only....

But already crude took support at 7015 before 3 days... so if it breaches below 7000, next target is 6800 to 6600 is intact

Lets see what is happening

Current Stop loss is 7310- 30 minutes closing basis

Regards
Vinoth
Tamil Trader

 

[guptak03]

I never said this is your AFL. This may not be your AFL, but, this will give you the same backtest result what you have posted in your earlier post.

Just for sharing the information, nothing else.

All the best.

you are trading the same system just trade it :thumb: and for people who use sharekhan Trade Tiger use super trend changing parameter of Atr period as 10 & 4:thumb:

 

[Rish]

you are trading the same system just trade it :thumb: and for people who use sharekhan Trade Tiger use super trend changing parameter of Atr period as 10 & 4:thumb:

The AFL what i have posted, not mine also. May be super trend as u said, I don't know. But, it gives the same results one to one with this thread (back test posted by tamil trader). This is upto the traders to use it or not.

 

[Tamil trader]

Dont think that Crude is getting support at 7100.... This can be a totally wrong now

 

[Tamil trader]

Crude Sold At 7306 As per chart

Still Holding Sell Position... Today Closing Price 7127- 17900 Profit

Regards

Vinoth

Tamil Trader

 

[Tamil trader]

Crude Oil Forecast: -1.9 M

Crude Oil Previous: 3.0 M

The Tamil Trader
Vinoth

 

[Tamil trader]

Crude Oil is trading at 107.50 $ flat in morning comex market...

TRADE -2 - CRUDE OIL SOLD AT 7306 AS PER CHART

CURRENT TRAILING STOP LOSS IS 7299 ON 30 MINUTES CLOSING BASIS. STILL HOLDING SELL POSITION

REGARDS

VINOTH,
THE TAMIL TRADER

 

[Tamil trader]

ONE IMPORTANT INFORMATION TO ALL CRUDE OIL TRADERS

With in 4 days, We saw a big movement from 7015 to 7516 upwards, and 7516 to 7112 downwards,

But in comex, 108.70$ to 106.70$ only

in USDINR, 68.50 to 66.00 only...

So Calculate well... There is no reason for this 400 points.... This movement is due to fear of the crude oil traders....

For example, on 03.09.2013, Market breached upper circuit that means all were in buying position, on 04.09.2013, Market breached lower circuit that means all the buyers of 03.09.2013 sold their position...This is due to worry about Syria War, Global Equity Markets and Currency Movements

But Dont calculate the MCX crude price using USDINR and Nymex crude Price..We are trading in futures market... so market will react more than the currency and comex movement.....

As per the real calculation, Crude should trade within 200 points... but what happened? this is trading within 400 Points up and down range....

this clearly indicates that crude is not trading at exact calculation of USDINR and Nymex crude..... not only crude, this also matches

Gold-2000 Points Down, in comex just 20 Points down,

Silver 4000 Points down, in comex , just one dolloar down,

Copper 26 points down, in comex, just two percent down,

Crude 300 points down, in comex, just one percent down

So trade with technicals, dont trade with calculation of currency and nymex crude price....

Thanks
Regards

Vinothbabu
The Tamil Trader

 

[DSM]

Thanks TT,

Very informative post and analysis. Noticed the same in NG as well. MCX prices are not in tandem with % changes in Comex and USDINR rates.

Thanks for posting.

ONE IMPORTANT INFORMATION TO ALL CRUDE OIL TRADERS

With in 4 days, We saw a big movement from 7015 to 7516 upwards, and 7516 to 7112 downwards,

But in comex, 108.70$ to 106.70$ only

in USDINR, 68.50 to 66.00 only...

So Calculate well... There is no reason for this 400 points.... This movement is due to fear of the crude oil traders....

For example, on 03.09.2013, Market breached upper circuit that means all were in buying position, on 04.09.2013, Market breached lower circuit that means all the buyers of 03.09.2013 sold their position...This is due to worry about Syria War, Global Equity Markets and Currency Movements

But Dont calculate the MCX crude price using USDINR and Nymex crude Price..We are trading in futures market... so market will react more than the currency and comex movement.....

As per the real calculation, Crude should trade within 200 points... but what happened? this is trading within 400 Points up and down range....

this clearly indicates that crude is not trading at exact calculation of USDINR and Nymex crude..... not only crude, this also matches

Gold-2000 Points Down, in comex just 20 Points down,

Silver 4000 Points down, in comex , just one dolloar down,

Copper 26 points down, in comex, just two percent down,

Crude 300 points down, in comex, just one percent down

So trade with technicals, dont trade with calculation of currency and nymex crude price....

Thanks
Regards

Vinothbabu
The Tamil Trader