Tamil Trader- September Crude Oil Trading Diary

[Tamil trader]

Crude Current Price 7265

What a beauty?

5 minutes, 15 minutes, 30 minutes, hourly chart....all are showing sell signal now

Today Lower Circuit is possible

Request to all buyers is " Please Trade with stop loss"

 

[ashu1234]

if you are making good profit... my partnership is useless for you....

otherwise, you can connect with me

I'm good at my trading. Its just that not anybody can trade with increased capital so if someone running short can club up. Regarding trading collectively it takes up time. Anyways thanks for the idea.

 

[DSM]

Thanks TT,

What I was thinking was in terms of an event post closing and before open. The market can open either side with a huge gap. This is one risk that is beyond the normal calculation.

I am watching the market 14 hours per day, i will always be ready for trend reversal....

my 30 minutes strategy is based on this... when the trend changes, we will cover this position and buy fresh position and vice versa

 

[Tamil trader]

Thanks TT,

What I was thinking was in terms of an event post closing and before open. The market can open either side with a huge gap. This is one risk that is beyond the normal calculation.

Oh ok ok... good thinking....

i backtested my strategy... 70 percent of the time, my strategy gives profit on gap up and gap down....

sometimes it may fail as you say in abnormal condition... at that time, our previous profit will be dedicated to market but not capital... this is market...

 

[Cubt]

Mr. Jaymurugan, please use english, anytime , your account may be banned by moderator due to unknown language. i also got the warning from moderator last week...

Five minutes exit can be used when market is up or down more than 200 to 300 points. at that time to book the maximum profit , we can use five minutes time frame exit...

this is a good one... but very high volatile market may be used for this purpose. but in normal market conditions, this five minutes sell signal will create more wrong signal...better to avoid in such situation

Regards

Vinoth
The Tamil Trader

This is what i wanted to convey.. Whenever, play with Nifty/Curde when market goes down 3 to 4% in a day, most of the time people lock their profits n exit the trade. Since they do not want to miss huge profits. However when we exit such trades, we may miss further downside/upside movement.

So in order to catch the full trend, after 200 to 300 points, i wait for the 5 mins TF and exit the holding position. However i do not reverse my position untill longer time frame confirms the trend.

 

[Tamil trader]

Currently 7260 is the support level and 7330 is resistance level for the crude

 

[Tamil trader]

HA HA HA

Crude made a low of 7183..... Sellers Enjoy... We are holding sell position still now

Move the trailing stop loss to 7407 on 30 minutes closing basis

Regards

Vinoth
Tamil Trader

 

[Cubt]

HA HA HA

Crude made a low of 7183..... Sellers Enjoy... We are holding sell position still now

Move the trailing stop loss to 7407 on 30 minutes closing basis

Regards

Vinoth
Tamil Trader

TT,

Just checked the TSL, updated TSL is 7370

 

[Tamil trader]

Current Trailing stop loss is 7368 on 30 minutes closing basis

 

[Tamil trader]

Current Trailing stop loss is 7361 on 30 minutes closing basis