SIMPILY KNOW THE DIFFRENCE BETWEEN PREVIOUS DATA AND ACTUAL DATA
AND WHETHER IT IS BEARISH OR BULLISH…BUT KNOW ONE THING..DATA SHOWS BULLISH..ALL THE TRADERS BUY THE CRUDE
..WHAT WILL HAPPEN?UPPER CIRCUIT?…
ALWAYS NOT POSSIBLE..DATA SHOWS BEARISH ..ALL THE TRADERS SELL THE CRUDE OIL ..WHAT WILL
HAPPEN?LOWER CIRCUIT?
ALWAYS NOT POSSIBLE…
THEN HOW TO REACT THE DATA?ACTUALLY CRUDE OIL INVENTORY DATA IS
CONNECTED WITH FUNDAMENTAL ANALYSIS …NOT WITH TECHNICAL ANALYSIS..
BUT,TECHNICAL TRADING IS GIVEN IMPORTANCE BY WINNING TRADERS
FOR CRUDE OIL TRADING.SO HERE WE CAN CLASSIFY INTO THREE REACTION
BY THREE TYPES OF TRADERS…
GENERALLY ,FUNDAMENTAL IF CRUDE OIL SHOWS HIGH BULLISHNESS OR
BEARISHNESS ON ITS DATA,IT REVERSESITS MAJOR TREND IN INTRADY..THAT
MEANS SUDDEN UP OR FALL BY 100 TO 150 POINTS..
IN NORMAL CIRCUMSTANCE.ALWAYS IT IS NOT GOING UP OR DOWN
BY SUCH MORE POINTS…
DON’T TAKE ANY POSITION ON DATA TIME ..CUT YOUR POSITION BEFORE 8 PM.
AND WATCH THE DATA ..AND SEE THE MOVEMENT..AFTER RELEASE OF DATA
..DON’T TAKE POSITION..YOU TAKE A STRICT DECISION,I WILL NOT ALWAYS TRADE
AFTER 8 PM IN CRUDE OIL WEDNESDAY..THIS WILL SAVE YOUR CAPITAL AND
BECOME A WINNING TRADER LONGTIME….ARE YOU POSITONAL PLAYER?
DON’T WORRY ABOUT DATA RELEASE.. BE WITH YOUR POSITION WHICH IS
CORRECTLY WITH MAJOR TREND..THAT MEANS..MAJOR TREND CAN BE FOUND
FROM HOURLY CHART..YOU KNOW WELL ,WHEN THE ,MAJOR TREND CHANGES
WITH HOURLY CHART..UNTIL THEN,YOU CAN HOLD YOUR POSITION.NO NEED
TO WORRY ABOUT DATA RELEASE ..
IF THE DATA IS AGAINST YOU,YOU KNOW WELL ,LOSSES ARE PART OF THE
BUSINESS..AND IF THE TREND CHANGES IN HOURLY OR 30 MINIUTES CHART ,
YOU WILL CHANGE YOUR POSITION AS PER YOUR STRATEGY BASED ON
TECHNICAL ANALYSIS.
CRUDE GOES UP..THEY ONLY HAVE THE CHANCE TO SELL AGAIN WHENEVER THE
PRICES GOES UP UP AND AVERAGE THEIR POSITION..
BECAUSE MONEY IS ALWAYS NOT A PROBLEM ..AND THEY ARE ALSO NOT WORRYING ABOUT TECHNICAL ANALYSIS..IF THE DATA IS POSITIVE AND CRUDE
GOES DOWN ,THEY AGAIN HAVE CHANCE TO BUY AT LOWER PRICES AND AVERAGE
THEIR POSITION AGAIN…
GENERALLY IN NORMAL CIRCUMSTANCE..AFTER DATA RELEASE,THERE WILL BE SOME VOLATILE MOVEMENT AFTER 8PM..BUT AFTER 8.30PM ,IT WILL GO IN THE
SAME DIRECTION MOST OF THE TIME ..SO YOU CAN PREDICT THE MOVEMENT OF DIRECTION AFTER 8.30PM ONLY IF YOU ARE A MOMENTUM TRADER..
SO I ALWAYS SUGGEST INTRADY PLAYERS.DON’T ENGAGE WITH MARKET AND LOSE
YOUR CAPITAL..SAVE THE CAPITAL FOR NEXT DAY TRADING..THIS IS MY KIND
SUGGESTION..SOMETIMES IT MAY GIVE GOOD PROFIT ..MOST OF THE TIME,
IT CONFUSES INTRADY PLAYERS AND TAKES MONEY..THIS IS THE REAL ONE.
IF IT IS NOT RELEVANT WITH YOUR EXPERIENCE,THIS POST IS NOT FOR YOU.
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