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Buy price for Natural Gas and Crudeoil |
yogeswaran
White Belt
Joined: 07 Mar 2010
Posts: 9
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Post: #1  Posted: Thu Jun 18, 2015 11:27 am Post subject: Buy price for Natural Gas and Crudeoil |
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| At which price i can buy the Natural gas and Crudeoil? Please tell the stoploss also... |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #2 Posted: Thu Jun 18, 2015 12:02 pm Post subject: Re: Buy price for Natural Gas and Crudeoil |
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| yogeswaran wrote: | | At which price i can buy the Natural gas and Crudeoil? Please tell the stoploss also... |
Hi
I had done some analysis on my own which proves to be worthwhile.
Below zones act as Strong Reversal zones for Crudeoil today
R3 - 3902
R2 - 3871
R1 - 3840
S1 - 3778
S2 - 3748
S3 - 3717
If before 8-9 PM , R1/R2 is hit , place sell at the point or if S1/S2 is hit , buy at this point. Target 20-30 points
You can observe it today and see if it works.. I will try posting such levels everyday. As per my strategy , yesterday's R2 & R3 were 8913 & 8944 and you can see how the market reversed from high of 3928 |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #3 Posted: Thu Jun 18, 2015 12:59 pm Post subject: Re: Buy price for Natural Gas and Crudeoil |
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| pavan29 wrote: | | yogeswaran wrote: | | At which price i can buy the Natural gas and Crudeoil? Please tell the stoploss also... |
Hi
I had done some analysis on my own which proves to be worthwhile.
Below zones act as Strong Reversal zones for Crudeoil today
R3 - 3902
R2 - 3871
R1 - 3840
S1 - 3778
S2 - 3748
S3 - 3717
If before 8-9 PM , R1/R2 is hit , place sell at the point or if S1/S2 is hit , buy at this point. Target 20-30 points
You can observe it today and see if it works.. I will try posting such levels everyday. As per my strategy , yesterday's R2 & R3 were 8913 & 8944 and you can see how the market reversed from high of 3928 |
Hi small correction...
Enter only if R2/R3 or S2/S3 is triggered...Ignore R1 & S1 if you are using Mega lots
Last edited by pavan29 on Thu Jun 18, 2015 1:33 pm; edited 1 time in total |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #4 Posted: Thu Jun 18, 2015 1:33 pm Post subject: |
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One more way of working with minimum risk is to use 4 mini lots of Crude.
@ R1/S1 enter with 2 lots , 3rd lot @ R2/S2 & 4th @ R3/S3
Say if you entered @ R1/S1, set target for 15 points for 1 lot.
If R2/S2 is triggered , enter with 3rd lot at this level, again target 15-20 points.
Again if R3/S3 is triggered, enter with 4th lot and leave it to proceed till EOD as sometimes the reversals will touch 50-100 points
I am attaching the analysis sheet here. Yellow cells highlight the maximum level reached 1st followed by the target in green. I have highlighted the colors only if it is part of the calculated support / resistance zone. I leave it you all to calculate the profit / loss
Last edited by pavan29 on Thu Jun 18, 2015 3:33 pm; edited 1 time in total |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #5 Posted: Thu Jun 18, 2015 1:38 pm Post subject: |
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Lets calculate:
R1 hit, sell with 1 mini lot @ 3840 , target - 3825/3820 |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #6 Posted: Thu Jun 18, 2015 3:00 pm Post subject: |
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| THANKS FOR STARING THREAD FOR CRUDE N NG. |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #7 Posted: Thu Jun 18, 2015 3:02 pm Post subject: |
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| THANKS FOR STARING THREAD FOR CRUDE N NG. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #8 Posted: Thu Jun 18, 2015 3:27 pm Post subject: |
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Sell one more @ 3871
Target 3850 |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #9 Posted: Thu Jun 18, 2015 5:18 pm Post subject: |
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Target 1 hit from 3871 to 3850, profit
+ 21 points
Holding 1 lot @ 3840 , set target as 3820 / 3805
If R3 gets triggered, blindly sell one lot with target 3840.
That should give
R2 Sell -> +21 pts
R1 Sell -> +20 pts
R3 sell -> +60 pts
Lets see how things work. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #10 Posted: Thu Jun 18, 2015 7:32 pm Post subject: |
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| pavan29 wrote: | Target 1 hit from 3871 to 3850, profit
+ 21 points
Holding 1 lot @ 3840 , set target as 3820 / 3805
If R3 gets triggered, blindly sell one lot with target 3840.
That should give
R2 Sell -> +21 pts
R1 Sell -> +20 pts
R3 sell -> +60 pts
Lets see how things work. |
R1 sell target of 20 pts achieved.
Done for the day. total 41 pts |
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manojrp
White Belt
Joined: 14 Mar 2012
Posts: 432
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| Post: #11 Posted: Thu Jun 18, 2015 7:51 pm Post subject: |
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please move to commodity section
thanks |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #12 Posted: Thu Jun 18, 2015 9:07 pm Post subject: |
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Pavan29 dear
What is stop for All lots for intra day trade which it is I guess......how many points above r3/s3. Is it contra trade set up?
What's given below my understanding is even from r1 to r3 or s1 to s3 the trade continues in "reversal mode" ( selling at r1 and selling at r2) with added leverage of mini lots......though contemporary above r1 IT should be considered buy and so similar for below s1 sell. Not sure if I missed something I'm a hurry.
How long trading this....
Let's see the result when crude starts to trend in next 7-10 days and becomes a one side trade on many days and there is expansion in ATR as well which means the pivots will be placed farther away from each other.
Good execution .
Look forward. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #13 Posted: Thu Jun 18, 2015 9:30 pm Post subject: |
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| amitagg wrote: | Pavan29 dear
What is stop for All lots for intra day trade which it is I guess......how many points above r3/s3. Is it contra trade set up?
What's given below my understanding is even from r1 to r3 or s1 to s3 the trade continues in "reversal mode" ( selling at r1 and selling at r2) with added leverage of mini lots......though contemporary above r1 IT should be considered buy and so similar for below s1 sell. Not sure if I missed something I'm a hurry.
How long trading this....
Let's see the result when crude starts to trend in next 7-10 days and becomes a one side trade on many days and there is expansion in ATR as well which means the pivots will be placed farther away from each other.
Good execution .
Look forward. |
Amitagg
I have designed this system last week only but back tested it since May. Seems fine to me...The R3 is the maximum movement we can expect in a day , rarely it sometimes might go up another 30 points but will reverse from there too...It should not stay long after break of R3+30 points 95% of the time.
As you are aware, no system will be 100 % perfect. We will try to minimize risk by adding more lots @ R2/R3 levels and taking quick profits.
It is not advisable to use SL for this as of now as it might hit the SL and reverse causing unnecessary losses. The entire idea of the system is to let the bulls / bears run and enter when they are exhausted.
We should test this for some more days. However mini lot users can execute it.
Thanks for the compliment and support.
Will be posting calls from tomorrow as well but this will be only in Crude July series only.
We will see the result after 2 weeks. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #14 Posted: Fri Jun 19, 2015 11:07 am Post subject: |
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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.
Last edited by pavan29 on Fri Jun 19, 2015 12:23 pm; edited 1 time in total |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #15 Posted: Fri Jun 19, 2015 11:52 am Post subject: |
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| On the upside, the price will not exceed R3 and downside, it should not exceed S2 |
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