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
2 comments:
Hey AZ, good morning!
I walked by,,, and what do i see here:
4190 & 426 now ?
4399-4190 and 431-426 (am i correct???)
Good good ... :))
when shall i take my cut?
:D
Have a good day!!!
mo h
Hi moh,
good morning! Hope you are on schedule with your projects !!
Me completely occupied with shipments and could not update here for a week now..
Crude oil booked at 4290 i.e, 100 points and taken long which got whipsawed at 4200 with a SELL and that sell is in 100+ profits now.. yesterday's low was 4066 and now it trades at 4100..
Copper - you are right..
will give your cut when we meet some day :)
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