Trade Update

hmm.. what was going on last week? simple.. profits were seen on papers but not landed in my pockets.. whipsaws taken back the profits.. but can't help it..that's how the system was signalling after a good run up..what happened? let's look at it..

Trade details of 19th - 23rd July :

Crudeoil:

Had long@4367 on 18th and it made high of 4420 on 19th. On the 20th, it moved up till 4438 but later made low of 4333 and me reversed to shorts @ 4350. It beautifully bounced from lows to show 4400 again and closed at 4372.For the 21st July, my SAR was at 4430 but i was waiting it to clear previous day high of 4438 and it did clear that. So, obviously entered into longs at 4440. On the 22nd, it was a inside day and SAR was saved by mere 6 points and carried the longs for the weekend.

Today my SAR was at 4400 and it got hit at open itself and now carrying shorts with SAR at 4490.

Copper:

Reversed to shorts on 21st at 434.90 and again gone long@435.20 on 22nd July with SAR at 431.But it made high of 435.35 just 15 paisa above my buy. SAR hit at open today and holding shorts now with SAR at 436.00

Trade Update

Trade details of 19th July:

Crudeoil : Bought@4367. It made high of 4420 and closed at 4412. Carrying longs with SAR@4349.

Copper : Holding buy. Made high of 442.75 but closed at 440.40. Cleared 21Day high yesterday.SAR is placed at 436.20

Trade Update

Trade details of 18th July:

Crude oil:

Covered shorts@4245 as it was taking support there. No position in hand now. Will short it below 4200 or will go long above 4330.

Copper :

Still carrying long with SAR at 432.50

Trade Update

Trade details of 15th July :

Crudeoil:

Shorts were in hand from 4319. It bounced later in the evening due to no negative outcome of stress bank results and made high of 4347. SAR was placed at 4350 hence shorts were saved by mere 3 points. It later closed at 4309 on friday and closed at 4329 on saturday. SAR is at 4370 now and still carrying shorts.

Copper:

Still in consolidation with small range. Holding the longs with SAR at 431.50

Trade Update

Trade details of 14th July:

Crude oil :

Booked long@4285 as it was having stiff resistance around 4390. Even after mute retail sales and unemployment data, price was not able to take out 4400. Later in the evening, it crashed. Sold @4319 and holding the shorts now. It made low of 4215 i.e, 100 points from the entry but didn't want to book the shorts as 4400 had given a good resistance and prices just started coming down. Wanted to see if i am getting consecutive sell signal today otherwise will close the short today. SAR is placed at 4350 now.

Copper :

Making consolidation for last 3-4 days. Holding the long with SAR at 429.50.

Trade Update

Trade details of 13th July:


Crude oil - Long from 4265 was in hand. After inventories data and US fed chief speech, oil had a good run-up. It made high of 4412 and closed at 4380. Holding long with SAR at 4215.

Copper - Long from 434.25 was in hand. It made high of 438.70 but later slid to 431.25 and closed at 433.Holding long now with SAR at 428.75

Trade Update

Trade details of 12th July:


Crude oil - Shorts from 4300 was in hand. price broken previous day low and went till 4190. But it bounced from 4190 and had to reverse shorts to long yesterday at 4265. It made high of 4330 later and closed at 4320. So, carrying long now with SAR at 4240.

Copper - Shorts from 431 was in hand. It made low of 427.50 yesterday but later had a bounce. Had to reverse the shorts to long at 434.25. It didn't move high but closed at 434.So, carrying long now with SAR at 429.75

Trade Update

Trade details of 11th July:

Crude oil - Short@4300 still in hand. It made low of 4196 yesterday and closed at 4220. Still carrying the shorts with SAR at 4265 now.

Copper - Short@431 still in hand. It made low of 428 yesterday and closed at 430. Still carrying the shorts with SAR at 434.20 now.

After the break - Trade Update

Had a busy schedule at office for the last two weeks and could not update here. Ok, what is going on with my trades?

Crude oil : After that unhappy hedging, managed to came out without a damage :).. Oil has bounced nicely from the 4060 lows and raised till 4400 last week. Glad that captured 70% of this move.. Had a thought of booking the profits around 4400 but some how held back thinking of some more highs. But it has reversed from the peak last evening after poor data from U.S and given a sell around 4300. Now holding SELL with SAR at 4360.

Copper: Dr.Copper was a darling for the couple of weeks :). Was expecting the big move for some time but didn't know which direction it would be.. Had some typical whipsaws which alerted me for the big move..and it finally came. long entered at 407 was moving all the way above to 437 without taking my stop till the U.S poor data news last evening.. didn't book the long at high but reversed them to shorts when i got the sell signal at 431.. one of the good trade from copper after somany whipsaws and still some losses to be recovered.not bothering about the loss and just following the price action.. Holding the SELL now with SAR at 438.