Hello Nivash, You are buying into a sell zone thats why price is acting that way. If you want to be profitable you must know what you are doing, no offense Im not trying to say that you have no clue, I dont have the right to because I dont know you but to me seems like you are struggling with the same problems I had years ago. Trading is all around us, every day people trade stuff, when you go to the supermarket you are trading, when you buy a car you are trading.... Think about it for a moment, you are in the right way, no indicators, no fancy...
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Positive suggestions are always welcome...can you justify it... i'll learn from your ideas..no one is master here...
Thank you for understanding my point, First you have to set your trading parameters and goals. Its an easy task lets say you want to make a living selling oranges right? So, you wanna try to buy oranges at a certain price which allows you to sell them with enough profit margin. Not only that, you want to know where are you going to sell your oranges (a small market? a supermarket? a little stand on the road side?) and how much of you oranges you pretend to sell in a time lapse( day, week month) ok? So, you start studying your market of choice. You...
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Justify your selling zone view on crude. Not the general thing...
Hi Navish,
I sometimes trade CL, with minimal use of indicators also. Your long entry at 52.8 was excellent. What chart pattern gave you the clue before the entry, that the drop (in a HTF uptrend) had ended? Did you trail a profit stop? You are probably sitting in a 70 tick profit right now with CL at 53.50. Congrats.
Tuesday sometimes are slow days for crude, as you first suspected. It turned out to be not a slow day after all. You probably already know Wednesday inventory usually causes bigger moves.
Also, you seem to start trading early (from today's post). What time of day do you usually start trading? London open? What time zone are you in?
Following your thread now. Thanks.
Hi Navish, I sometimes trade CL, with minimal use of indicators also. Your long entry at 52.8 was excellent. What chart pattern gave you the clue before the entry, that the drop (in a HTF uptrend) had ended? Did you trail a profit stop? You are probably sitting in a 70 tick profit right now with CL at 53.50. Congrats. Tuesday sometimes are slow days for crude, as you first suspected. It turned out to be not a slow day after all. You probably already know Wednesday inventory usually causes bigger moves. Also, you seem to start trading early (from...
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Bill I'll get you the details in the morning as I'm away from the system. Sorry for the inconvenience as I'm replying from my mobile.
I notice you are using a demo account. Can you use real money to back your claims? If you want to prove that you can make 1% per trading Oil use real money not demo money.
