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Crude Oil Trader |
mukundnikam
White Belt
Joined: 19 Dec 2014
Posts: 20
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Post: #496  Posted: Mon Dec 14, 2015 5:30 pm Post subject: |
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| looks like crude is taking support @34.60, hope for bounce till 38 USD in two days. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #497 Posted: Mon Dec 14, 2015 6:40 pm Post subject: |
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| mukundnikam wrote: | | looks like crude is taking support @34.60, hope for bounce till 38 USD in two days. |
Not sure
There are no signs of support in such short timeframe....... At every level intra bounces come.....
I am long one lot though at 2470 since it ties with my 2500 jan buy level with 30-60 filter and concides with dec low of 2464 few days back. Shall hold and watch action.
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #498 Posted: Mon Dec 14, 2015 6:45 pm Post subject: |
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| mukundnikam wrote: | | looks like crude is taking support @34.60, hope for bounce till 38 USD in two days. |
Not sure
There are no signs of support in such short timeframe....... At every level intra bounces come.....
I am long one lot though at 2470 since it ties with my 2500 jan buy level with 30-60 filter and concides with dec low of 2464 few days back. Shall hold and watch action.
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #499 Posted: Mon Dec 14, 2015 6:52 pm Post subject: |
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As per me crude has broken support of 35.00 and now heading towards 33.60 . if it survives then only good bounce is expected.  |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #500 Posted: Mon Dec 14, 2015 6:56 pm Post subject: |
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| AMBY wrote: | | As per me crude has broken support of 35.00 and now heading towards 33.60 . if it survives then only good bounce is expected. |
Yes agreed . If u see lowestlow is not 33.6 but 32.6 I guess..... That's why I mentioned in previous posts that it can trap and go to 30 .... No reason why each pivot should act as support ........ Often it breaks and then bounces off
So be lean and don't dabble yet...... Volumes can be had only on uptick
I expect commodities to rally from here on...... Irrespective of FED |
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mukundnikam
White Belt
Joined: 19 Dec 2014
Posts: 20
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| Post: #501 Posted: Mon Dec 14, 2015 6:59 pm Post subject: |
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| I bought at 2335 level with small SL for target of 2500 ..lets see |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #502 Posted: Mon Dec 14, 2015 7:02 pm Post subject: |
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I am using GCI Mt4, where i had seen low of 33.60 , now i found new low of 33.19 on 01/01/2009.
thank you for correcting me. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #503 Posted: Mon Dec 14, 2015 7:30 pm Post subject: |
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| amitagg wrote: | | mukundnikam wrote: | | looks like crude is taking support @34.60, hope for bounce till 38 USD in two days. |
Not sure
There are no signs of support in such short timeframe....... At every level intra bounces come.....
I am long one lot though at 2470 since it ties with my 2500 jan buy level with 30-60 filter and concides with dec low of 2464 few days back. Shall hold and watch action.
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booked 35 points at 2505 just now....system does not allow holding a falling stock.......with sell trigger on. (though I like to dabble on entries with restricted volume).....can reenter after one hour of action.
it can hit 2550 very quickly jan today if above 2510 for 5-15 minutes....or retest the low. for those holding. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #504 Posted: Mon Dec 14, 2015 10:20 pm Post subject: |
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2554 hit... 2567 resistance .... Can fall back to 2505 ...
Bullish for tomorrow only clearing 2500 DEC
Sustaining above 2540 JAN important for in process trend reversal IF happening |
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AMBY
Yellow Belt
Joined: 05 Sep 2014
Posts: 503
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| Post: #505 Posted: Mon Dec 14, 2015 10:22 pm Post subject: |
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| Perfect view. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #506 Posted: Mon Dec 14, 2015 10:41 pm Post subject: |
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Thursday shall be crude oil day ( for safe traders)
Wed / Thurs opening shall be make or break day (for risky traders)
Hoping crude should not give buy signal tomorrow itself to not spoil or confuse the pattern!
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mukundnikam
White Belt
Joined: 19 Dec 2014
Posts: 20
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| Post: #507 Posted: Mon Dec 14, 2015 10:50 pm Post subject: |
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Crude has bounced from longterm support at 34.50, and it looks like first indication of trend change. Lets wait for more 2 days to confirm the trend
Hi Amit, Meanwhile, I am week in making prediction of targets (long/short side), could you please teach me. I use chart patterns, indicaters for short/long positions. But not able to figure out the targets.
Please help me in this. |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #508 Posted: Tue Dec 15, 2015 4:26 pm Post subject: |
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| mukundnikam wrote: | | I bought at 2335 level with small SL for target of 2500 ..lets see |
Seen Great stuff practically hits target |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #509 Posted: Tue Dec 15, 2015 8:44 pm Post subject: |
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| amitagg wrote: | 2554 hit... 2567 resistance .... Can fall back to 2505 ...
Bullish for tomorrow only clearing 2500 DEC
Sustaining above 2540 JAN important for in process trend reversal IF happening |
Not able to clear 2500 on 2 tries today
Holding 2540 actually 2530 in dec ......
So stuck
Still NO bull confirmation |
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amitagg
Black Belt
Joined: 01 Oct 2013
Posts: 4559
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| Post: #510 Posted: Tue Dec 15, 2015 10:59 pm Post subject: |
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| amitagg wrote: | Thursday shall be crude oil day ( for safe traders)
Wed / Thurs opening shall be make or break day (for risky traders)
Hoping crude should not give buy signal tomorrow itself to not spoil or confuse the pattern!
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First level of long triggered above 2605
Final confirmation above 2650 sustaining
Jan series
Let's see what happens over next few days.... Have to follow system and entered long ... BUT before event so lean........ Stop 2470 ( or 2545) |
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