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I Wanna be a Professional Trader on Crude Oil Market


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I Wanna be a Professional Trader on Crude Oil Market

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  #101 (permalink)
chennai/india
 
 
Posts: 155 since Sep 2015
Thanks: 111 given, 147 received

Step 1: Marking the Level @ HTF, by using simple Horizontal lines ( Red and Blue Colour variation used)

Lets Consider this as a framework, Mostly Market 'll trade in between this frame work, If breaks price 'll enter into new frame work.



Step 2: After Marking the Level @ HTF, Switch over to Trading TF (15 mnts) and Lower TF(3 mnts) Chart, to point out previous SH/SL and HH/LL


Step 3 : After Multiple Timeframe analysis. 've to wait for Trade set up. There's 2 types of Trade set up
1. With Trend (Continuous )
2. Counter Trend (Reversal)

Yawaniga

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  #102 (permalink)
chennai/india
 
 
Posts: 155 since Sep 2015
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Find the Average Price of Previous Day High and Day Low,
DH - 4666
DL - 4558
Average - 4612 (DH+DL/2)
So POC Value for Current Trading Day - 4612 (Point of Control), Same Value derived by Market Profile POC.


Based on POC, 've to define the trend, (i.e) below POC Value (4612) prefer Short trades,above POC prefer long trades only.
05.11.18 Gap down Open based on Friday NYMEX Close.



Yawaniga

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  #103 (permalink)
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Posts: 155 since Sep 2015
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From POC, 25 ticks upside move, If we follow this, its a positive trade.







sharp impulsive move., trading near PDH @ 4666.
Yawaniga

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  #104 (permalink)
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Posts: 155 since Sep 2015
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Anything can happened, from this Day High.

1. PDH Break out
2. Breakout failure
3. Reversal

sitting on the side line.,for another better entry.

Yawaniga

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  #105 (permalink)
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yawaniga View Post
Anything can happened, from this Day High.

1. PDH Break out
2. Breakout failure
3. Reversal

sitting on the side line.,for another better entry.

Yawaniga



Reversal

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  #106 (permalink)
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Finally Day High, broken and ,Break out failed to continue again reversal.

Yawaniga.

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  #107 (permalink)
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yawaniga View Post
Anything can happened, from this Day High.

1. PDH Break out
2. Breakout failure
3. Reversal

sitting on the side line.,for another better entry.

Yawaniga



above 3 things happened on this evening trading session..

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  #108 (permalink)
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Step 1 : Marking @ HTF and TTF for high probability trade entry @LTF





Yawaniga

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  #109 (permalink)
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POC - 4630
bias - down trend, after break down day low.

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  #110 (permalink)
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Due to Pooja Holidays, declared holiday.

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  #111 (permalink)
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Morning Session (10.00 AM to 5 PM) OFF. Evening Session starts from (5.00 to 11.55 PM)

HTF Levels of Last Trading Day, Due to local holiday, Gap down open more than $1
So bias - down


TTF Levels to open Short trade,



Yawaniga

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  #112 (permalink)
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Marking @ HTF


Trading range @TTF


Yawaniga

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  #113 (permalink)
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bias -Long above POC, Short below POC
High Probability for PDL Break down, If happens Price 'll fall down, So prefer Short trades.

Market Closed @11.55PM (+5.30 GMT), US OIL Price trading @ $59.90

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  #114 (permalink)
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yawaniga View Post

Market Closed @11.55PM (+5.30 GMT), US OIL Price trading @ $59.90

Open Price @10.00AM @12.11.18@ based on US Oil trading range $61, So gap up open around 80 Plus ticks from previous day close.




bias -Long above POC, Short below POC
Due to abnormal gap up open, lets wait for long bias, already price trading above PDH.,May be continue to upside or reverse to down side.Keen watching @ TTF & LTF.


Yawaniga

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  #115 (permalink)
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yawaniga View Post
Open Price @10.00AM @12.11.18@ based on US Oil trading range $61, So gap up open around 80 Plus ticks from previous day close.

bias -Long above POC, Short below POC
Due to abnormal gap up open, lets wait for long bias, already price trading above PDH.,May be continue to upside or reverse to down side.Keen watching @ TTF & LTF.

Yawaniga

Price reversed and gap filled.So still no bias for long trades.



Closing @11.55 @ US OIL $60

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  #116 (permalink)
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yawaniga View Post
Price reversed and gap filled.So still no bias for long trades.



Closing @11.55 @ US OIL $60

Open @10.A.M @ us oil $59 range, So deep gap down open, So bias may be down.,bur not sure upside move.


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  #117 (permalink)
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Gap down open.
Prefer long - above POC, Short - below POC



End of Day 15.11.18, Later 'll explain in detail, scalping on both sides

Yawaniga

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  #118 (permalink)
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TTF Marking - POC @4060
Bias - below POC Short

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  #119 (permalink)
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Ranging market around 20+ tick below and above POC

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  #120 (permalink)
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MCX Crudeoil Expiry Day for Nov.

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  #121 (permalink)
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December Contract gap difference, should be fill.,@ trading session

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  #122 (permalink)
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PDH - 4153
PDL - 3960
POC - 4056
Open price Average Traded) - 4087
Bias - Upside, if breach below POC Level, May be Short move

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  #123 (permalink)
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Posts: 155 since Sep 2015
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Seen some big prints @ spike move.
Usually occurs @ news and data release timing, as per observation if any big prints @ any price.,may be again this'll retest after some time.
below enclosed chart, there's some big prints@ spike @4105, later price trading upto 20 ticks down., After some time, that big prints are retested.



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  #124 (permalink)
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  #125 (permalink)
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Below POC@4056, PDL Break out


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  #126 (permalink)
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After some break, Started to track more scripts @NSE Futures. Below Bank Nifty Futures of November


TTF & LTF

PDH Broken

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  #127 (permalink)
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PDH: 3647,
PDL : 3454
POC: 3550
So, expect trade set up near POC Area based on TTF





Yawaniga

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  #128 (permalink)
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Posts: 155 since Sep 2015
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Enclosed my Scalp Trade based on POC and UA.
Day : 1




Day : 2



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  #129 (permalink)
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Posts: 155 since Sep 2015
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PDH - 3633
PDL - 3482
POC- 3558
Abnormal gap up opening. scalp trade @ with trend Pullback move
IMG]https://futures.io/attachment.php?attachmentid=259751[/IMG]

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  #130 (permalink)
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Posts: 155 since Sep 2015
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PDH @3790
PDL@3581
POC@3736
Gap up open near 50 points




Market Closed @11.55 PM (+5.30GMT),NYMEX CL Trading @ $53.10 Range.,

Yawaniga.

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  #131 (permalink)
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Posts: 155 since Sep 2015
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PDH - 3868
PDL - 3726
PDC - 3767
POC (Point of Control) - Any methods as per ur Comfort.,
Simply Calculate - PDH+PDL/2
3868+3726/2 = 3797
So POC - 3797..

Market gap down open 47 Points @ 3720, from yesterday close Price 3767.









yawaniga

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