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40% |
[ 4 ] |
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60% |
[ 6 ] |
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| Total Votes : 10 |
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| Author |
Crude oil Calls |
pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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Post: #1  Posted: Fri Dec 14, 2012 2:21 pm Post subject: Crude oil Calls |
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Hi
I will be posting some calls on intraday basis for Crude..
The idea is to gain points consistently and not to make huge money in one shot....So if there is any one aspiring to become too rich in one day can ignore this post...
Back testing the data since mid November 2012 gave 583 points in 20 trades using 1 lot of which only 7 times the final target has be missed slightly and 12 times the points were achieved beyond final target.
And if I you traded with second lot, the points could be almost double.
Always exit 1st lot at T1, keep the 2nd lot for T2 or beyond.
Todays call for Crude- December:
Buy @ 4736 , T1- 4746, T2- 4764 SL- 4695
Sell @ 4695 , T1- 4685, T2- 4667 SL- 4736 |
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sauraj123
White Belt
Joined: 10 Jan 2012
Posts: 312
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| Post: #2 Posted: Fri Dec 14, 2012 3:36 pm Post subject: |
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Hi,
i Will be interested in your calls...please post the same on daily basis.
Regards. |
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sauraj123
White Belt
Joined: 10 Jan 2012
Posts: 312
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| Post: #3 Posted: Fri Dec 14, 2012 3:40 pm Post subject: |
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Any other points to consider while trading? For exampple
1) 5,15 min candle close or just placing th order at the prices mentioned by you.
2)Trailing stoploss to be used?
Etc Etc.
Regards. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #4 Posted: Fri Dec 14, 2012 3:48 pm Post subject: |
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| sauraj123 wrote: | Any other points to consider while trading? For exampple
1) 5,15 min candle close or just placing th order at the prices mentioned by you.
2)Trailing stoploss to be used?
Etc Etc.
Regards. |
1 ) i normally stick to 60 min tf to know the bigger picture. you can use 15 min candle for reference since it is intraday.
2) Once target 1 is achieved, then you change the sl for 2nd lot to may be 20 points from t1.so this may give some 30 points margin for lot 2 to move around...But in my experience, i saw the price coming below sell / buy point but never hit the sl....and it closed only around 10 points from the triggered point thus reducing losses. |
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sauraj123
White Belt
Joined: 10 Jan 2012
Posts: 312
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| Post: #5 Posted: Fri Dec 14, 2012 4:06 pm Post subject: |
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So for today i will be buying at 4736 if prices reach there.
So the stoploss is 40 points always or it varies? |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #6 Posted: Fri Dec 14, 2012 4:12 pm Post subject: |
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| sauraj123 wrote: | So for today i will be buying at 4736 if prices reach there.
So the stoploss is 40 points always or it varies? |
it varies but its adviseable not to have huge sl...thats the reason am asking to exit lot 1 at target 1 so you have confirmed 10 points in hand while the 2nd lot moves around with another 10 points.
If you are doubtful, you can observe the calls first |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #7 Posted: Fri Dec 14, 2012 4:13 pm Post subject: |
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| Price touched 4732 now... |
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sauraj123
White Belt
Joined: 10 Jan 2012
Posts: 312
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| Post: #8 Posted: Fri Dec 14, 2012 4:15 pm Post subject: |
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Ya Pawan sure.Thanks..Will like to watch For sometime.
Regards |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #9 Posted: Fri Dec 14, 2012 4:17 pm Post subject: |
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| sauraj123 wrote: | Ya Pawan sure.Thanks..Will like to watch For sometime.
Regards |
Once price catches 4750 , very good uptrend is expected. |
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sauraj123
White Belt
Joined: 10 Jan 2012
Posts: 312
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| Post: #10 Posted: Fri Dec 14, 2012 4:49 pm Post subject: |
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For me 5 points is also great.. 
touched 4732 and trading low....lets see....
thanks again. |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #11 Posted: Fri Dec 14, 2012 5:09 pm Post subject: |
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Positional call for Jan Crude-
Buy @ 4850...Holding period -10-15 days...
Target 100+ points |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #12 Posted: Fri Dec 14, 2012 6:25 pm Post subject: Re: Crude oil Calls |
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| pavan29 wrote: | Hi
I will be posting some calls on intraday basis for Crude..
The idea is to gain points consistently and not to make huge money in one shot....So if there is any one aspiring to become too rich in one day can ignore this post...
Back testing the data since mid November 2012 gave 583 points in 20 trades using 1 lot of which only 7 times the final target has be missed slightly and 12 times the points were achieved beyond final target.
And if I you traded with second lot, the points could be almost double.
Always exit 1st lot at T1, keep the 2nd lot for T2 or beyond.
Todays call for Crude- December:
Buy @ 4736 , T1- 4746, T2- 4764 SL- 4695
Sell @ 4695 , T1- 4685, T2- 4667 SL- 4736 |
Buy triggered |
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sauraj123
White Belt
Joined: 10 Jan 2012
Posts: 312
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| Post: #13 Posted: Fri Dec 14, 2012 6:26 pm Post subject: |
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| yes..........Finger crossed |
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pavan29
Green Belt
Joined: 26 Jun 2012
Posts: 1047
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| Post: #14 Posted: Fri Dec 14, 2012 6:27 pm Post subject: |
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| sauraj123 wrote: | | yes..........Finger crossed |
R u in or just observing? |
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sauraj123
White Belt
Joined: 10 Jan 2012
Posts: 312
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| Post: #15 Posted: Fri Dec 14, 2012 6:43 pm Post subject: |
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| i am in....if success...will trade tomo also...if failed...will observe and decide the success rate. |
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