Friday, September 7, 2012

Simple Intraday Trading Strategy in Uptrend –Buying at Support

Crude Oil UpTrend


Simple Technique to make Excellent Profitable Trades:-

  • Simple technique for making winning Trade in Crude OIL (Can also be used for other commodities, equity and FnO also)
  • First must know that trend is up, this can be known by many things like making higher highs and higher lows on chart or Trendline, Channel, or any other technique like moving averages.
  • Now just let it settle after opening then when it makes higher low, draw a rectangle which must cover two three candles where it made higher low.
  • Now when it again comes at upper side of rectangle then buy can be done with SL of 10-15 Points (as we are talking about crude oil) Book at your convenience. And again can be bought at the support level till it making highs or trend is intact.


With this technique no other indicators are required only Intraday Chart with some drawing facility is OK.

For Further Reading,
Trading Education, Trading Systems and Setup, Trading Techniques and Tricks


Unknown on April 7, 2014 at 1:04 AM said...

nice trick
sir where i take intraday live charts of CRUDE OIL

Post a Comment

Your Comments and Few words helps me in DOING BETTER WORK.



Popular Posts

Latest From TraderAdda

McAfee SECURE sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams

Man Behind TraderAdda

, a Graduate in Science is a part time blogger and Full Time Professional Trader from India.

At TraderAdda he writes about Trading Systems, Amibroker Indicators and AFLs, Trading Ebooks, Trading Resources, Nifty Intraday Levels, Nifty Positional View, and many more other Trading Resources.

His area of interest are Technical Analysis, Developing Trading Strategies, Blogging, Gadgets and Reading.

Hope you will find TraderAdda useful. Your comments/Suggestions/Feedback
is important for us.

Join me for Regular Updates on Twitter

Total Pageviews

Protected Site- Do not Copy