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

1 comments:

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

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

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