Wednesday, April 13, 2016

13 - 04 - 2016 (Crude)



[10:24] DO with in yesterday closing range; price trading below PDC and DO; IR (2765-75), 1st candle acting as MC
[11:00] Price took support at DO but unable to move up
[11:15] Trade 1: BPB of DO/IRL short at 2761 with initial SL 2769
[11:30] Moved SL to 2766 as no selling pressure seen
[11:45] Moved SL to 2763, cost
[12:13] Moved SL to 2757, as price attempting to break RN
[13:10] Exited with gain of 2 points
[14:45] Break till 5 PM
[17:15] Back in action; price slowly inching towards DP/DH. will see PA there.
[18:10] Quick rejection from DH zone
[18:54] Trade 2: BOF of DH short at 2772 with initial SL 2783; FTA 15 points away.
[19:14] Moved SL to 2776 as swing low is protected
[19:22] Moved SL to 2768 as swing low broke
[19:36] Exited with gain of 2 points
[20:10] News volatility going on
[20:14] After news, price resisted at PDH, touched DL and moving towards PDH again
[20:30] With my little bit of experience in trading crude, this instrument produce major moves after news announcement. Doesn't suit my personality so far. Done for today.

Net: +4
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7 comments:

  1. veerApril 13, 2016 at 7:42 PM

    Thank you Rose for Crude oil Charts

    Regards,

    Veer

    ReplyDelete
  2. veerApril 13, 2016 at 9:15 PM

    Rose- Do not trade on Wednesdays in the evening between 8 p.m and 8.15 p.m. The inventory news will be at 8 p.m. and there will be volatility for fifteen minutes. Once the dust settle down then you can take up trade.

    Regards,

    Veer

    ReplyDelete
    Replies
    1. Only NiftyApril 13, 2016 at 11:20 PM

      Veer,

      Yes, I am aware of event. Was planning to scratch the trade by 7:45. Trial SL hit meanwhile.

      BTW are you trading crude regular?

      Delete
    2. Only NiftyApril 14, 2016 at 12:38 PM

      Cool, why don't start blogging. Together we can learn better.

      Delete
  3. veerApril 14, 2016 at 10:08 AM

    Yes. Crude Oil Mini- daily.

    ReplyDelete
  4. UnknownApril 14, 2016 at 10:59 AM

    Dear Rose,
    A fantastic person named Jagadheesh is maintaining a good blog (its YTC price action trading). I feel it like a million dollar worth of it. If you are interested, have a look.

    http://www.discretionary-trading.com/
    http://discretionary-trading.blogspot.in/
    https://www.facebook.com/Discretionary-Trading-357665821105183/?fref=nf

    Hope you will get some new inseight from this info.

    Regards,
    Dinil

    ReplyDelete
    Replies
    1. Only NiftyApril 19, 2016 at 11:29 PM

      Dinil,

      Thanks for your concern. I have read his posts some time back and thought it was difficult for me to follow as I am NOT full time trader yet...

      However I fetched time over last weekend and gone through all posts.. will be testing my understanding from tomorrow.

      Delete

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