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Buy price for Natural Gas and Crudeoil |
AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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Post: #46  Posted: Tue Jun 30, 2015 11:05 am Post subject: |
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THANKS FOR QUICK RESPONSE, I WILL WAIT FOR UPDATE.
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #47 Posted: Tue Jun 30, 2015 11:20 am Post subject: |
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Todays levels for Crude Mini
R3 - 3815
R2 - 3784
R1 - 3754
S1 - 3693
S2 - 3662
S3 - 3632
We will try different strategy today.
Buy when price comes to R1, Sell 2 lots @ R2 , if R3 triggers, sell one more.
Sell when price comes to 3691, buy 2 lots @ S2, if S3 triggers , buy one more. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #48 Posted: Tue Jun 30, 2015 11:33 am Post subject: |
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The orders I placed are :
Buy
1 lot @ 3754 & 3637 , 2 lots @ 3663
Sell
2 lots @ 3783 , 1 lot @ 3810 & 3691 |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #49 Posted: Tue Jun 30, 2015 12:23 pm Post subject: |
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| pavan29 wrote: | Todays levels for Crude Mini
R3 - 3815
R2 - 3784
R1 - 3754
S1 - 3693
S2 - 3662
S3 - 3632
We will try different strategy today.
Buy when price comes to R1, Sell 2 lots @ R2 , if R3 triggers, sell one more.
Sell when price comes to 3691, buy 2 lots @ S2, if S3 triggers , buy one more. |
good one ...u have applied ur grt8 mind....yes beyond R1 and S1, it should be traded trend and not countertrend....just an observation....
and you are trading countertrend at 2 and 3 levels.....which seem fair enough.......especially in recent range trading...........in crude oil.
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #50 Posted: Tue Jun 30, 2015 3:07 pm Post subject: |
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| Long @ R1 |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #51 Posted: Tue Jun 30, 2015 5:56 pm Post subject: |
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| I will reverse and enter with 2 lots @ S1 considering it as SL. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #52 Posted: Tue Jun 30, 2015 6:50 pm Post subject: |
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| pavan29 wrote: | | I will reverse and enter with 2 lots @ S1 considering it as SL. |
No need .
Q.
Cmp 3763 high 3773
Do you wait till R2 - 3784 or book 20-25 points
Q2
After 20 points do you keep TSL at cost or open ended till end of day as you mentioned earlier |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #53 Posted: Wed Jul 01, 2015 10:39 am Post subject: |
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Results for yesterdays trade:
Bought 1 minilot @ R1 3753, Sold 2 @ R2 3783. Squared off the sell position @ 3770 AS 11 pm as it was too late to keep open position in intraday
Net points = 30+13 =43 |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #54 Posted: Wed Jul 01, 2015 10:52 am Post subject: |
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| amitagg wrote: | | pavan29 wrote: | | I will reverse and enter with 2 lots @ S1 considering it as SL. |
No need .
Q.
Cmp 3763 high 3773
Do you wait till R2 - 3784 or book 20-25 points
Q2
After 20 points do you keep TSL at cost or open ended till end of day as you mentioned earlier |
You can square off anywhere close to R2, as sometimes the R2 level may be missed by just few points before reversing to below R1.
29th June's levels were
R3 - 3859
R2 - 3828
R1 - 3797
S1 - 3735
S2 - 3705
S3 - 3675
With regards to your doubt on SL,
I observed on Monday that from S1 , Crude failed to reach S2 , bounced and failed to reach R1 3797 and closed @ 3728 below S1 again. I didnt post these levels as I was travelling.
According to my calculation, either upside / downside should have touched 3790 / 3712. But neither happened.
Buying from S1 in this case would have won the trade. However we cant expect this to happen everyday. So we should either stick on to either of the following :
1) Buying @ S1 , squaring double lots @ S2, selling one more @ S3 with whatever target points we need ( or vice versa in Rx levels)
(OR)
2) Start selling 1 mini lot @ R1,R2 & R3 / buying @ S1,S2,S3 as per our initial plan.
Either of these methods should give profits atleast 80 % of the time. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #55 Posted: Wed Jul 01, 2015 11:07 am Post subject: |
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1st July levels :
R3 - 3837
R2 - 3806
R1 - 3776
S1 - 3714
S2 - 3684
S3 - 3654
Max uptrend level - between 3800 to 3835
Max downtrend level - between 3698-3663
We will use the yesterday's plan as usual. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #56 Posted: Wed Jul 01, 2015 11:39 am Post subject: |
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| pavan29 wrote: | Todays levels for Crude Mini
R3 - 3815
R2 - 3784
R1 - 3754
S1 - 3693
S2 - 3662
S3 - 3632
We will try different strategy today.
Buy when price comes to R1, Sell 2 lots @ R2 , if R3 triggers, sell one more.
Sell when price comes to 3691, buy 2 lots @ S2, if S3 triggers , buy one more. |
Did any one notice that yesterday's high was exactly 3784 (R2)??? |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #57 Posted: Wed Jul 01, 2015 4:54 pm Post subject: |
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I am trying this on metals too.
Was checking for Aluminum, these are the levels
R2 107.65
R1 107.2
S1 106.1
S2 105.65
Buy @ R1 , sell @ R2
Sell @ S1 , buy @ S2.
Only one lot.
I backtested for few weeks. This seems to restrict to only 2 levels on both sides.
SL should be the support / resistance from the current level.
Ex. If long @ R1, SL is S1 and vice versa.
I understand the range is not acceptable but it never got triggered in back testing. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #58 Posted: Wed Jul 01, 2015 4:59 pm Post subject: |
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Leadmini
R2 113.15
R1 112.65
S1 111.5
S2 111.05
Already long triggered
Zincmini
R2 128.45
R1 128
S1 126.75
S2 126.25
Long triggered and target achieved. (+.45 pts) |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #59 Posted: Wed Jul 01, 2015 5:32 pm Post subject: |
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| pavan29 wrote: | I am trying this on metals too.
Was checking for Aluminum, these are the levels
R2 107.65
R1 107.2
S1 106.1
S2 105.65
Buy @ R1 , sell @ R2
Sell @ S1 , buy @ S2.
Only one lot.
I backtested for few weeks. This seems to restrict to only 2 levels on both sides.
SL should be the support / resistance from the current level.
Ex. If long @ R1, SL is S1 and vice versa.
I understand the range is not acceptable but it never got triggered in back testing. |
Target achieved in Alumini (+.45 points) |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #60 Posted: Wed Jul 01, 2015 7:50 pm Post subject: |
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| pavan29 wrote: | 1st July levels :
R3 - 3837
R2 - 3806
R1 - 3776
S1 - 3714
S2 - 3684
S3 - 3654
Max uptrend level - between 3800 to 3835
Max downtrend level - between 3698-3663
We will use the yesterday's plan as usual. |
S1 (sell) triggered. |
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