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CRUDEOIL |
vaibhavparmar White Belt
Joined: 01 Feb 2016 Posts: 6
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Post: #1 Posted: Wed Jun 08, 2016 10:59 am Post subject: CRUDEOIL |
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CRUDEOIL KA KOI UPDATE HAI KYA???? |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #2 Posted: Wed Jun 08, 2016 12:51 pm Post subject: |
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Buy above 3382 stop and reverse double sell quantity 3310
Very narrow ranges
Inventory data coming positive would should a breakout or breakdown above or below 3380 /3320-3280 sustaining for couple of hours......
Target your system or 53 nymeX can rise to 56 |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #3 Posted: Wed Jun 08, 2016 12:56 pm Post subject: |
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Remember above 3380 and below 3310 also trap area so if sudden reversal seen in prices after trigger can keep a small SL also as per then price action |
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srfelixmca White Belt
Joined: 30 Jan 2010 Posts: 229
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Post: #4 Posted: Wed Jun 08, 2016 7:19 pm Post subject: |
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Hi Amit
Kindly share the method to calculate the Crude oil levels
Cheers
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #5 Posted: Wed Jun 08, 2016 8:16 pm Post subject: |
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amitagg wrote: | Remember above 3380 and below 3310 also trap area so if sudden reversal seen in prices after trigger can keep a small SL also as per then price action |
3410......have booked and reentered same level ....stop 3380 at cost......
only bullish.
was not posting regularly.
can hit 3435/3480/3540
cmp 3410 |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #6 Posted: Wed Jun 08, 2016 8:24 pm Post subject: |
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critical level 3410.....lets see.
better stop is 3368.
sustaining above 3380 is critical
that's the fight....watch it....and let the stop hit....great RR.
self trades have already netted for the day |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #7 Posted: Wed Jun 08, 2016 8:36 pm Post subject: |
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cmp 3380
resting on wedge rising support.....if breaks below 3360 [and confirmed below 3347].....expect 3320/3280 |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #8 Posted: Wed Jun 08, 2016 8:41 pm Post subject: |
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its restesting breakput level which big traders do to weed out the retail....don't mind....buy again above 3410...and definitely hold if closing above 3410.
point is reversal is captured.....3360-3380 is critical.....
3380 is also top of parallel channel....so two connecting channels and above breakout level of 3370 today.............
so still bullish only.......
[watch 3362 for reversal and 3348 for confirmation.] it can touch 3357 and bounce back......... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #9 Posted: Wed Jun 08, 2016 8:41 pm Post subject: |
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amitagg wrote: | its restesting breakput level which big traders do to weed out the retail....don't mind....buy again above 3410...and definitely hold if closing above 3410.
point is reversal is captured.....3360-3380 is critical.....
3380 is also top of parallel channel....so two connecting channels and above breakout level of 3370 today.............
so still bullish only.......
[watch 3362 for reversal and 3348 for confirmation.] it can touch 3357-3364 and bounce back......... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #10 Posted: Wed Jun 08, 2016 8:52 pm Post subject: |
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amitagg wrote: | critical level 3410.....lets see.
better stop is 3368.
sustaining above 3380 is critical
that's the fight....watch it....and let the stop hit....great RR.
self trades have already netted for the day |
holding....low 3374......... |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #11 Posted: Thu Jun 09, 2016 10:52 am Post subject: |
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amitagg wrote: | amitagg wrote: | critical level 3410.....lets see.
better stop is 3368.
sustaining above 3380 is critical
that's the fight....watch it....and let the stop hit....great RR.
self trades have already netted for the day |
holding....low 3374......... |
Held the stop now 3435
Could hold only 50 percent
So to add at 3437 tg 3460/3480 stop 3380 |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #12 Posted: Thu Jun 09, 2016 7:04 pm Post subject: |
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Stop triggered and out of trade .... Had lowered the stop to 3368 from 3380
overal trade result scratched.
Cmp 3364
Below 3348 it shall have bearish proportion to 3307 and confirmation below 3280
Crude is showing corrective and not impulsive rise since 2700 as posted earlier and hence retraces of such corrective rises are normal
Will wait for next trade |
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voyager White Belt
Joined: 05 Sep 2011 Posts: 63
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Post: #13 Posted: Fri Jun 10, 2016 12:56 pm Post subject: |
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CRUDE long ? stio 3380 |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #14 Posted: Sat Jun 11, 2016 6:10 pm Post subject: |
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amitagg wrote: | Stop triggered and out of trade .... Had lowered the stop to 3368 from 3380
overal trade result scratched.
Cmp 3364
Below 3348 it shall have bearish proportion to 3307 and confirmation below 3280
Crude is showing corrective and not impulsive rise since 2700 as posted earlier and hence retraces of such corrective rises are normal
Will wait for next trade |
below 3348 3307 hit. |
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amitagg Black Belt
Joined: 01 Oct 2013 Posts: 4559
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Post: #15 Posted: Sat Jun 11, 2016 6:13 pm Post subject: |
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voyager wrote: | CRUDE long ? stio 3380 |
replying late but posted trade entry and exit already
stop was hit at 3268
If u can not understand the posts do not trade |
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