Tamil Trader- September Crude Oil Trading Diary

[Tamil trader]

Crude oil Current Price 7080....... You know well that we are holding sell position from 7306

Current Trailing Stop Loss is 7295 - 30 Minutes Closing basis


Regards
Vinoth
Tamil Trader

 

[Tamil trader]

hello crude sellers:--

no need to be nervous for small up movement.. Because fundamentally usdinr and nymex crude oil is trading with low volatile today.. But crude is reaction is very more than dollor movement....

So stop loss order is hit for some intraday short sellers...AND PROFIT BOOKING WAS MADE FOR YESTERDAY SELLERS ALSO... the spread between buyers and sellers is very high....

So until market breaches 7299 level, this is the opportunity to sell the crude for intraday players.....

Our call followers, hold sell postion with stop loss at 7299 on 30 minutes closing basis

thanks

regards
Vinoth
Tamil trader

 

[Tamil trader]

Current Traling Stop Loss for Crude is 7295 on 30 minutes closing basis.. See the yellow line in the chart

Regards
Vinoth
The Tamil Trader

 

[Tamil trader]

If anyone is to exit from selling position as per 5 minutes chart, this is time to exit at 7178... 7306-7178= 12800 Profits

I am still holding sell position as per 30 minutes chart....

Vinoth
Tamil Trader

 

[Tamil trader]

Dont say me wrongly... This is just a kind advice....

Small Traders having money 10000 to 50000... Dont trade on crude.... This is Unexpected volatile....

Market always exists here... this is not the time to enter for small players for intraday also... any time, they may lose money more than 30 percent to 100 percent day

dont mistake me.. this is my kind advice... so we are doing positional trading with capital of more than one lakh to 1.5 lakh nowadays for just one lot....

Money management is very important in volatile market..Money management and risk management is one of the important strategy.. mind it...

Regards
Vinoth
Tamil Trader

 

[Tamil trader]

See post number 63....

i told the sellers not to be nervous due to up movement

after making up 7191.... Currentrly trading at 7121... 70 points down from day high....

so understand the technicals, above 7295 only is the buy...

otherwise dont take long position

Regards
Vinoth
Tamil Trader

 

[Tamil trader]

If crude oil holds below 7080 in 30 minutes bar, we can see further downside in crude prices... Buyers be cautious...

 

[malayamoorthi]

Hi

sir now u r in long or short

 

[Tamil trader]

Hi

sir now u r in long or short

I am short from 7302... Please visit the first page... you can see that..​

 

[Tamil trader]

Again Crude is facing resistance near 108 $, market is awaiting for crude inventory data... As per forecast, data is positive for crude....

Actual data can be known only on 8 PM... Further Trend will be confirmed after the data release

As per techinicals, trailing stop loss for our selling position is 7295 - 30 minutes closing basis

Regards
Vinothbabu
Tamil Trader