Beginner's Paper Trade Dairy by Live Signal and Live Trade on Crude Oil on 17.10.13

Crude-oct SELL below 6292 : Stoploss at 6327 : Target 6263 : Cmp 6294 : DISCLAIMER :

17 Oct 13, 10:39 AM

How to react on Crude Oil Data Inventories?

Every Wednesday, Crude oil inventories are released in America. We all simply know the difference between previous data and actual data and whether it is bearish or bullish.....

But know one thing.... Data shows bullish... All the traders buy the crude... What will happen? upper circuit?..... Always not possible...

Data shows bearish..... All the traders sell the crude...what will happen? lower circuit?... Always not possible....

Then how to react the data? Actually Crude oil inventory data is connected with Fundamental Analysis... not with Technical Analysis...

But, Technical Trading is given importance by winning traders for crude oil trading. So here we can classify into three reaction by three types of traders...

Generally, Fundamentally if Crude oil shows high bullishness or bearishness on its data, It reverses its major trend in intraday....that means sudden up or fall by 100 to 150 points.... in normal circumstance, always it is not going up or down by such more points....

Are you an intraday player? Dont take any position on Data time... Cut your position before 8 Pm. and watch the data... and See the movement... After Release of the data... dont take position....you take a strict decision, i never trade after 8 pm in crude oil on wednesday....This will save your capital and become a winning trader longtime....

Are you a positional trader? Dont worry about Data release... be with your position which is correctly with major trend... that means ... major trend can be found from hourly chart... you know well, when the major trend changes with hourly chart... until then, you can hold your position.. no need to worry about data release.. if the data is against you, you know well, Losses are the part of the business... and if the trend changes in hourly or 30 minutes chart, you will change your position as per your strategy based on technical analysis

Are you a High Net Worth individual? They always have the good chance anytime.... if the data is negative and crude goes up... they only have the chance to sell again whenever the prices goes up and average their position... because money is always not a problem.. and they are also not worrying about technical analysis.... if the data is positive and crude goes down, they again have chance to buy at lower prices and average their position again...

Generally in normal circumstances... After data release , there will be some volatile movement after 8 Pm........ but after 8.30 Pm, it will go in the same direction most of the time... so you can predict the movement of direction after 8.30 only if you are a momentum trader...

This is my general experience with crude inventory data every week.... So i always suggest intraday players, dont engage with market and loose your capital... Save the capital for next day trading.. this is my kind suggestion.. sometimes it may give good profit... most of the time, it confuses intraday players and takes money...this is the real one.

Beginner's Paper Trade Dairy by Live Signal Live Trade on LeadM on 16.10.13

 Leadm Oct mcx: Buy at present levels ( cmp 131.7) Dips to 131.50 TGT 133.60 SL at 130 10/16/2013 : 7:33:52 PM

Start booking profts cmp 132.60((Leadm Oct mcx: Buy at present levels ( cmp 131.70) Dips to 131.50 TGT 133.60 SL at 130 10/16/2013 : 7:33:52 PM)) 10/16/2013 : 11:14:06 PM

Beginner's Paper Trade Dairy by Live Signal Live Trade on Copper on 16.10.13

TGT hits (Copper mcx nov: Buy at present level (cmp 450.80) Upto 450.40 Target 454 SL below 448 10/16/2013 : 

6:05:58 PM)) CMP 454 10/16/2013 : 9:06:35 PM

Beginner's Paper Trade Dairy by Live Signal Live Trade on Copper on 16.10.13

Copper mcx nov: Buy at present level (cmp 450.80) Upto 450.40 Target 454 SL below 448 10/16/2013 : 6:05:58 PM

Beginner's Paper Trade Dairy by Live Signal Live Trade on Nickel on 16.10.13

NickelM
Buy  @ 860
Sell  @ 861
Net Profit Rs 100/-


Nickel
Buy  @ 860
Sell  @ 861
Net Profit - Rs 250/-

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Trading has many methods. A trader is only very successful if he implements the best method suitable for his business and makes a profit from it. They need to compute the risk and loss for a certain business proposal and plan.

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