MCX Crude: Book partial profits 2522 and move your SL to 2565 if 2522 hit.

US OIL : My exit target for my short trade is - 32.03 - 31.72

42.41	31.7115	26.09469	50.86394	42.43084	37.60015	32.03442
6.512296	5.631296	5.108296	7.131896	6.513896	6.131896	5.659896
0.881	0.523	2.0236	0.618	0.382	0.472	0.523
5.631296	5.108296	7.131896	6.513896	6.131896	5.659896	6.182896
31.7115	26.09469	50.86394	42.43084	37.60015	32.03442	38.2282

US OIL : Short sell idea as per yesterdays post.Chart looks classy

India NIFTY ; expected Resistance / support

XAUUSD - Shorting idea

US OIL -Shorting idea

https://docs.google.com/spreadsheets/d/1CZ_M5xMZnWNqlNXrNmIrcvrkHJq9SWpPzuWNDIBnzgI/edit?usp=sharing

From tomorrow, trade datas available in the link. 

US OIL : March 24 :holding a buy @ 29.75, sell @ 41.15

On March 24, XAUUSD no hedging as buy green stoploss hit and reversed to sell.also position doubled. As per my calculations of inflection poiints, these positions can be carried to that 992 usd.

Gold : as per previous post,

XAU USD: Buy (hedging) stoploss triggered ( 8 $ ) and converted to sell two lots @1225 with a already sell in hand one lot @ 1251

First sell in one lot, hedging sl triggered, the lot size will be doubled as it is a breakout.

breaching 1189, gold enters bear territory,downtrend may be fast.

Looks like I am close to the strategy i am looking for all these years and it looks simple, which I failed to notice earlier.

No EA,  VPS, just log on to the trading system for a few minutes when the new day candle opens. 

XAUUSD; additional shorts if it breaches 1223

An Idea check: March 23: Daily chart

US OIL sell @ 41.14 sl 42.56,not hedged as of now.
Gold sell @ 1251 sl 1283
hedged with a buy @ 1231 sl 1225

US OIL : Use this table for entry.exit.profit taking and stoploss

2.26	9.881	12.14	147.41
2.26	9.764	12.02	144.58
2.26	9.236	11.5	132.16
2.26	9	11.26	126.79
2.26	8.881	11.14	124.13
2.26	8.764	11.02	121.53
2.26	8.618	10.88	118.34
2.26	8.236	10.5	110.17
2.26	8.119	10.38	107.73
2.26	8	10.26	105.27
2.26	7.881	10.14	102.85
2.26	7.618	9.878	97.58
2.26	7.382	9.642	92.973
2.26	7.236	9.496	90.179
2.26	7.119	9.379	87.971
2.26	7	9.26	85.753
2.26	6.881	9.141	83.563
2.26	6.764	9.024	81.437
2.26	6.618	8.878	78.824
2.26	6.382	8.642	74.689
2.26	6.236	8.496	72.187
2.26	6.119	8.379	70.21
2.26	6	8.26	68.23
2.26	5.881	8.141	66.28
2.26	5.764	8.024	64.39
2.3	5.618	7.878	62.07
2.26	5.382	7.642	58.4
2.26	5.236	7.496	56.19
2.26	5.119	7.379	54.45
2.26	5	7.26	52.71
2.3	4.881	7.141	51
2.26	4.764	7.024	49.34
2.26	4.618	6.878	47.31
2.26	4.382	6.642	44.12
2.26	4.236	6.496	42.2
2.26	4.119	6.379	40.7
2.26	4	6.26	39.19
2.3	3.881	6.141	37.72
2.26	3.764	6.024	36.29
2.26	3.618	5.878	34.55
2.26	3.382	5.642	31.84
2.26	3.236	5.496	30.21
2.26	3.119	5.379	28.94
2.26	3	5.26	27.67
2.3	2.881	5.141	26.43

INDIA NIFTY : Inflection point seen around 14100, will hold my longs but will take profits around 10900

82.6317

9.0902

1.125

10.2152

104.35

10889

82.626

21.881

104.51

10922

9118

95.488

9.119

104.61

10943

21.881+9.119 = 31

US OIL: Expected Price range

43.395	26.585
44.15	37.215
41.42	33.465
38.335	33.58
48.085	32.595
49.52	37.18
38.13	33.6
34.01	27.995
31.195	26.505
30.9	28.01
28.915	24.115
24.7	21.96

USD -INR Futures booked full profit @ 66.889. Will short again for a long target of 55.006

INDIA NIFTY: Will book partial profits @ 7670.

US OIL : My shorting ideas: I didnt buy Oil having a bearish view,with my sell stoploss triggered. still I hold that. Next trading day I am going short on Oil

Logic behind my idea is :
Rally from 26 to 41 , almost  60%.
US Rig counts will increase trying to catch the extra revenues and will add to the inventory.
My technicals show that it will struggle /fail to breach (3.119) - 40.72 - 42.23.

3.262	8.881	12.1	147.45
3.262	8.119	11.4	129.52
3.262	8	11.3	126.83
3.262	7.881	11.1	124.16
3.262	7.119	10.4	107.76
3.262	7	10.3	105.31
3.262	6.881	10.1	102.88
3.262	6.119	9.38	88.001
3.262	6	9.26	85.783
3.262	5.881	9.14	83.593
3.262	5.119	8.38	70.24
3.262	5	8.26	68.259
3.262	4.881	8.14	66.307
3.262	4.119	7.38	54.478
3.262	4	7.26	52.735
3.262	3.881	7.14	51.021
3.262	3.119	6.38	40.716
3.262	3	6.26	39.211
3.262	2.881	6.14	37.735
3.262	2.119	5.38	28.954
3.262	2	5.26	27.688
3.262	1.881	5.14	26.449
3.262	1.119	4.38	19.192

Logic behind my shorts: XAUUSD

43.62	12.1	31.5	992	EXIT
43.62	12	31.62	999	EXIT
43.62	11.9	31.74	1007	EXIT
43.62	11.1	32.5	1056
43.62	11	32.62	1064
43.62	10.9	32.74	1072
43.62	10.1	33.5	1122
43.62	10	33.62	1130
43.62	9.88	33.74	1138
43.62	9.12	34.5	1190
43.62	9	34.62	1199
43.62	8.88	34.74	1207
43.62	8.12	35.5	1260	SELL
43.62	8	35.62	1269	SELL
43.62	7.88	35.74	1278	SELL
43.62	7.12	36.5	1333
43.62	7	36.62	1341
43.62	6.88	36.74	1350
43.62	6.12	37.5	1407
43.62	6	37.62	1416
43.62	5.88	37.74	1424
43.62	5.12	38.5	1483
43.62	5	38.62	1492
43.62	4.88	38.74	1501
43.62	4.12	39.5	1561
43.62	4	39.62	1570
43.62	3.88	39.74	1579
43.62	3.12	40.5	1641
43.62	3	40.62	1650
43.62	2.88	40.74	1660
43.62	2.12	41.5	1723
43.62	2	41.62	1733
43.62	1.88	41.74	1742
43.62	1.12	42.5	1807
43.62	1	42.62	1817
43.62	0.88	42.74	1827
43.62	0.12	43.5	1893
43.62	0	43.62	1903

Shorter TF gives more signals,30 M seems better

XAUUSD CHART

US OIL CHART: ON SELL NOW

I have no doubt Gold will reach 991 USD in a few years.

Brethren, dont buy Gold even for your domestic needs.

Indian oil Marketing companies taking stakes in Russian oil companies:

The best part of economic decision benefiting both countries which GULF failed to read.
Watch India's oil requirement growing steadily over the months and in a few years may be we will be the largest importer of Oil overtaking China as our economy, population, make in India picks up.

Major correction can happen 8293 - 8336 from 7240 / 7590

INDIA NIFTY:

has to go abv 7590 to gain momentum, else more possible will test  7245

US OIL : will book part profits @ 34.55

OIl will head to 23.98 minimum, if fail past going up 39.10.

XAU USD : failing to get past (7.881) 1277, I have entered short trade.

US OIL : My shorts placed at 37.92, 38.33 , 39.03 and 40.45 with stoploss 42.63

US OIL : My stoploss hit

US OIL : OPEC BASKET PRICE : FROM 14/12/2015, STILL STAYS BELOW /AROUND : 31.61

This week we can either see breakout or downmove, but I remain bearish.

US OIL :

The price 36.14 is near my stoploss 37.22.
In a falling market,I dont buy, I sell on rise and in a rising market ,I dont sell, buy on dips.
To me My axis trading is far below, so I didnt buy.
I had shorts at 34.80 and on Monday I will sell again above 35 $,I dont have fears of stoploss hit.
I now move around different asset classes, indices, gold,currency (usdinr), except US OIL
in all others I am  running my profits.If I lose in US OIL it will not impact me much.
However I  have to check my trades: like what I thought, if I am so sure of 22$, then
as I already wriiten in my blog of 26.42. I should have positions like
Buy in Micro lots  

26.75 26.14

25.44

24.94

24.35

23.77

23.20

22.63

22.06

stoploss

   20.17  

Trade set up has to be broadbased without narrow trades.Thats the thing I learnt here.

Shorts on Gold reversed to Longs yesterday

US OIL : Targets 22.7, 22.01

stoploss 35.7 Short

34.8

34.2

      33.9

MCX crude :

Guys : Maintain stoploss 2444  create shorts  2374, 2356 and 2334 targets wait patiently for 2116 and 2108.