CRUDE OIL 30 POINT MANUAL

Step 1: Enter previous day high, low close and today open price in the excel
sheet

You can take this data from your market watch. Previous day data is also
available on MCX website.

(www.mcxindia.com/market-data/bhavcopy).

Step 2: Setup our trading

You can draw horizontal lines on these levels in your chart or/and put alert for
these levels in your trading platform. It is not compulsory but it is recommend
to make your trading easy. Levels for 21st march 2018 in excel sheet and chart
are shown in below image.
Red horizontal line: sell level

Green horizontal line: buy level

Black horizontal line: buy and sell both.

Step 3: Trade with these generated levels

We start trading after 12 PM. First, we shall check which levels are touched
before 12 PM.

However, we do not take first trade on these levels. So, we wait until price
touch level which not touched before 12 PM. When price touch our levels, we
shall open 15 min candlestick chart and wait till that 15 min candle gets
completed.

After taking first trade, the level which touched before 12 PM also becomes
active, now we can trade on those levels as well.

Buy Condition: When crude oil price touches our buy level, we buy above the
15 min candle that touches this level.

Sell condition: When crude oil price touches our sell level, then we shall sell
below the 15 min candle that touches sell level.
Step 4: After your order is executed, place 30 point target and 15 point
stoploss from the executed price

Stoploss and target for buy condition are shown in step 3 below,

Buy price = 4172

Target = 4172 + 30 = 4202

Stoploss = 4172 – 15 = 4157

Stoploss and target for sell condition are shown in step 3 below,

Sell price = 4230

Target = 4230 – 30 = 4200

Stoploss = 4230 + 15 = 4245

Your stoploss must be 15 point and below the buy level in case you are going
long and above sell level if you are going short. If this condition does not match,
then proceed with another candle which fulfills this condition.
Step 5: After our target or stoploss hit

If stoploss or target hit, we shall repeat the step 3 and step 4 again.

If our target or stoploss hit in long position, then next trade must be short. If
our target or stoploss hit in short position, then next trade must be long.

POINTS TO BE PONDERED:

1. On inventory day, please don’t take trade 2 hr before inventory. You may
start trading after 15 min of inventory. For example, if inventory time is
8:00 PM, then we should not trade between 6:00 PM to 8:15 PM.
2. If we already have a position (long or short), we should not trade on other
levels that are coming in between our target and stoploss.

Thank you friends !!