Sunday, 7 December 2014

051214


041214


031214


021214


011214 (01 December 2014)


Setup

  • Only intraday
  • 5 min chart
  • Trading based purely on price action
  • Decision points  - PDH, PDC, PHL, BRN, (IL) Imporant Levels, DH(Day High), DL(Day Low), ERL(Early Reversal Line)
  • Patterns - Channel, Wedges, Flags,
  • Bars - WRB(Wide Range Bar), Pin Bar
  • Crude Oil SL - 25 Points

Commodity Trading - Advantages

  • Suitable for office goers.
  • Trading in evening (after 4 pm) has its own advantage(market has shown its mood for sufficient time and still enough market hours remaining for trading comfortably.
  • Known timings for events affecting the market.