Mastering the crude

[jetking]

 

[Rish]

Re: forex services

Gold – Silver ,Crude oil - Natural gas, Copper – Nickel

stock market all Services

Can u provide or arrange money to trade....we will share the profit....

 

[jetking]

Hello Jetking,

Great trades again.

Just had a quick question How do you manage to get past whipsaws, I would had gone long on 4th white candle from the left of pin bar (where you had put TSL, renter short) as it is bop. Any rule of thumb which you use? The earlier trades also i noticed the same thing. Kindly shed some light.

Regards,
Merchant

you are perfectly right,it was a BOP buy setup

at this point i had two choices,either go long as u suggested or look at the strong down move just prior to this setup and wait some more
there is no rule of thumb in PA
at any other time i might go long in the same situation

question is not avoiding the whipsaw,the will remain there
it is how to manage them and correct yourself as soon as possible when proved wrong
if taken long there than should have reverse to short below the pin bar

hope it helps

 

[jetking]

 

[jetking]

 

[jetking]

 

[jetking]

 

[jetking]

 

[raj_jain1]

hello sir what is you write SAR ??
what you spot there so you write SAR??
may u plz explain it sir?

 

[jetking]

hello sir what is you write SAR ??
what you spot there so you write SAR??
may u plz explain it sir?

just look at the two down moves prior to,where i marked,SAR

the 1st dn move was very good but it was countered with a good upmove

the 2nd dn move also good but it ended almost at the same place where the 1st move ended,more ever it ended with a very good pin bar,which is a strong sign of reversal
so written in advance that if price moved above the pin bar it will be SAR ( stop and reverse)