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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

  #101 (permalink)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149

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)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149

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)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149


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)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149

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)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149


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)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149



Finally Day High, broken and ,Break out failed to continue again reversal.

Yawaniga.

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  #107 (permalink)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149


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)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149

Step 1 : Marking @ HTF and TTF for high probability trade entry @LTF





Yawaniga

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  #109 (permalink)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149



POC - 4630
bias - down trend, after break down day low.

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  #110 (permalink)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
Thanks Given: 111
Thanks Received: 149


Due to Pooja Holidays, declared holiday.

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