US Oil Price trading $53.05 range @closing time of Indian MCX @11.55 PM (IST)

No more Changes on overnight closing and early opening on Oil Price. @ $53.05 range.

Some swing trades based on VWAP, above and below

Trades ended with green.

US Oil Closing @ $53.35 level @ 11.55 IST, Due to President's Day US Session Holiday on 17.02.17

Indian MCX Crude flat open and last day of Contract Expiry. Let focus next contract

some momentum trades done with 10 + Ticks.

Holding Some Short Carry forward Position @ Closing time.

yawaniga 

some momentum trades done with 10 + Ticks. Holding Some Short Carry forward Position @ Closing time.

Do you have a picture of a chart so I could see your entries and exits. Have a great weekend!

BoltTrader 

Do you have a picture of a chart so I could see your entries and exits. Have a great weekend!

Hi BT,
Thanks for tracking my journal, Sure I 'll post my chart with my understanding.

Hi BT,

FYR. Usually I prefer Short trades on next month Contract at the time of Current contract expiry date, So that i was on Short Side.

Blash 

Some questions for you: 1 How do you size your positions? 2 What percentage of your account do you risk on average per trade? 3 How big of a drawdown can you withstand considering question 2? 4 How do you manage risk during the trade? 5 How do you know when to stop trading for the day or week? Ron Sent from my iPhone using futures.io

1 How do you size your positions?

Usually My trade size is upto 3 to 5 lots.
If Prize move to my favour 'll exit at predefined target and 'll close 3 lots, and rest of 2 lots 'll let to run upto the trend ends. Sometimes price may be reversed from my entry level, if this happens i 'll add 2 lots according to the price level along with existing 3 lots. Due to the average of trades most of the time i can exit with expected ticks.

Assume set of my entry rules @ exact reversal may be price move upto 25 ticks

5 lots Entry - exit 3 lots @ 10 Ticks and 2 lots 15+ticks

2 What percentage of your account do you risk on average per trade?

Average Upto 5% to 6% risk level is comfort for my trading personality.

3 How big of a drawdown can you withstand considering question 2?

Average upto 10% risk, due to any unexpected news impact volatility.

4 How do you manage risk during the trade?

To be frank depends upon the market conditions.,and trading mentality of that particular day.Anyway I Prefer Very limited calculated risk level of trades.

5 How do you know when to stop trading for the day or week?

My expected target - 50 TO 80 Ticks/day
Per weak target - Approximately 400 Ticks

On my early trading days i never follow any rules for daily loss and target, But recent days i try to follow disciplined trading with set of rules.