- Jack of all trades, Master of none -
- Joined Jan 2017 | Status: Member | 695 Posts
You came here for the truth and let me unveil it for you
How much do you risk per trade? 95 replies
5% risk per trade? 272 replies
Crude Oil Inventories data 9 replies
Petrol pump prices Vs Crude Oil Price 2 replies
A crude oil at $200 response 25 replies
DislikedNivash what time frame do you use? what indicators? to share our view these may help, going good as per nowIgnored
DislikedNivash what time frame do you use? what indicators? to share our view these may help, going good as per nowIgnored
DislikedHello 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...Ignored
DislikedThank 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...Ignored
DislikedHi 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...Ignored
DislikedI 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.Ignored