| View previous topic :: View next topic |
| Author |
Buy price for Natural Gas and Crudeoil |
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
Post: #16  Posted: Fri Jun 19, 2015 2:34 pm Post subject: |
 |
|
| pavan29 wrote: | Todays levels for Crude July contract
R3 - 3979
R2 - 3948
R1 - 3916
S1 - 3854
S2 - 3823
S3 - 3792
As usual , mega lot users buy @ S2 & S3 / sell @ R2 & R3 with target 15-20 points
Mini lot users can enter @ all 3 levels. |
Buy @ R1 initiated in mega and mini lot. Set sell target @ 3874 |
|
| Back to top |
|
 |
|
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #17 Posted: Fri Jun 19, 2015 5:01 pm Post subject: |
|
|
Buy @ S2 initiated.
Current position - 2 minilots @ net buy rate 3838.5
I will let the second minilot run till 50-60 points target while closing the 1st one @ 3874 when the market bounces |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #18 Posted: Fri Jun 19, 2015 7:28 pm Post subject: |
|
|
Pivots calculating in which timeframe. On daily they are much different. That was why I was asking the question yesterday for this counter trend set up.....
You Comment on stop loss seems quite reasonable.
For me S1 is 3840
S2 3789
S3 3745
All July contract
R1 3935
Pivot 3884 |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #19 Posted: Fri Jun 19, 2015 9:04 pm Post subject: |
|
|
| amitagg wrote: | Pivots calculating in which timeframe. On daily they are much different. That was why I was asking the question yesterday for this counter trend set up.....
You Comment on stop loss seems quite reasonable.
For me S1 is 3840
S2 3789
S3 3745
All July contract
R1 3935
Pivot 3884 |
Amitagg
My calculation is based on the initial momentum in the first few hours of the market open.
It will not match the standard pivots. |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #20 Posted: Fri Jun 19, 2015 11:47 pm Post subject: |
|
|
| pavan29 wrote: | Buy @ S2 initiated.
Current position - 2 minilots @ net buy rate 3838.5
I will let the second minilot run till 50-60 points target while closing the 1st one @ 3874 when the market bounces |
net result using closing price @11.30
S1-> -47
S2 -> -16
S3 -> 15
-48 point
minilot avg buy price was 3823 & sell was 3806 * 3
those who entered mega lot @S3 & S2 would hve got
S3 - 3972= 20 pts
S2 - 3823=-16 pts
net 4 pts profit
actually today being last day of june contract ,sellers were too high even @11.10 where total selling qty were 5200+ and total buying qty were 1700+.
Thus my logic seems fine still even in such poor conditions.
During normal day we can expect better reversals than on contract last day |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #21 Posted: Sat Jun 20, 2015 4:31 pm Post subject: |
|
|
41(profit) -48 (loss) =-7
Shall track mini to a small extent if u continue populating. Because itis not mentioned in thread how to calculate pivots which initial timeframe u are taking and whether iit varies day to day |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #22 Posted: Mon Jun 22, 2015 10:33 am Post subject: |
|
|
| amitagg wrote: | 41(profit) -48 (loss) =-7
Shall track mini to a small extent if u continue populating. Because itis not mentioned in thread how to calculate pivots which initial timeframe u are taking and whether iit varies day to day |
Amitagg
Lets see the accuracy of this method post which i shall publish the logic to calculate the reversal zones.
Till then please bear with me |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #23 Posted: Mon Jun 22, 2015 11:14 am Post subject: |
|
|
Todays levels:
R3 - 3920
R2 - 3889
R1 - 3859
S1 - 3796
S2 - 3765
S3- 3735
Use megalots for R2/R3 selling & S2/S3 buying if this values are hit before 8pm-8.30 pm
Asusual minilot users can use all 3 levels
Tgt from each level - 15 to 20 pts |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #24 Posted: Mon Jun 22, 2015 11:29 am Post subject: |
|
|
| Max up level expected today 3908-3921 and max down level is 3736 |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #25 Posted: Mon Jun 22, 2015 12:38 pm Post subject: |
|
|
| pavan29 wrote: | | amitagg wrote: | 41(profit) -48 (loss) =-7
Shall track mini to a small extent if u continue populating. Because itis not mentioned in thread how to calculate pivots which initial timeframe u are taking and whether iit varies day to day |
Amitagg
Lets see the accuracy of this method post which i shall publish the logic to calculate the reversal zones.
Till then please bear with me |
yes pls do. u are doing very fine .
I too often traded countertrend last year in crude at Camirilla pivots.....and intra profit on most days.... |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #26 Posted: Mon Jun 22, 2015 12:50 pm Post subject: |
|
|
R1 minilot entry triggered @ 3859
We can even sell 2nd minilot @ 3873 than waiting for 3889 level @ R2. I expect crude to hit this price 3873 for sure |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #27 Posted: Mon Jun 22, 2015 4:16 pm Post subject: |
|
|
| R1 zone is literally tested for the past 4 hours...lets see whether it is breaks 3867 shortly |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #28 Posted: Mon Jun 22, 2015 4:53 pm Post subject: |
|
|
| A big breakout is awaiting on either 3867 or 3815 |
|
| Back to top |
|
|
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
|
| Post: #29 Posted: Mon Jun 22, 2015 5:43 pm Post subject: |
|
|
| pavan29 wrote: | R1 minilot entry triggered @ 3859
We can even sell 2nd minilot @ 3873 than waiting for 3889 level @ R2. I expect crude to hit this price 3873 for sure |
Squared off minilot entered @ R1 .
Net profit 3859-3844 = 15 points
Will enter 2nd mini lot @ R2 or S1 , S2 & S3 |
|
| Back to top |
|
|
amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
|
| Post: #30 Posted: Mon Jun 22, 2015 7:26 pm Post subject: |
|
|
| Net positive 28 points cumulative till now. Today profit 35 points till now. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
