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CRUDEOIL INTRADAY STRATEGY

In this blog I am stating all the rules with chart so that you all can understand this strategy better.


RULES:

SETUP

Two Candle Formation

15 Min TimeFrame.

50 EMA

RSI (3) UpperBand 80. LowerBand 20


FOR LONG SETUP

  1. We need two Bullish candles for a long entry. The second candle should close above the first bullish candle’s high, & the first bullish candle’s low should be lower than the second bullish candle’s low.
  2. Second Bullish Candle’s RSI(3) value should be higher than 80. (First bullish candle’s RSI value could be anything. Doesn’t matter.)
  3. Both Bullish Candle should be above 50 EMA.
  4. Buy above second candle’s High + 1rs, SL will be First candle’s Low -1 rs.

FOR SHORT SETUP

  1. We need two Bearish candles for Short entry. The second candle should close Below the first Bearish candle’s Low, & the first Bearish candle’s High should be higher than the second Bearish candle’s high.two bearish candle setup swapnaja sharma
  2. Second Bearish Candle’s RSI(3) value should be less than 20. (First Bearish candle’s RSI value could be anything. Doesn’t matter.)
  3. Both Bearish Candles should be below 50 EMA .
  4. Sell below second candle’s Low – 1rs, SL will be First candle’s High +1 rs.

GENERAL RULE

Risk Reward Ratio of this strategy is 1 :2 


Backtesting Result for 8th April 2020

First setup arrived on 10.00 AM & stop Loss hot for this setup @ 10.30. Total loss of 9 points.

Second Setup arrived on 11.30 Am. & this setup neighter able to hit Target nor Sl. As broker square off the intraday position 15 minutes before closing of market so this trade exited on 4.45 . Gained mearly 4 points in it.

So on 8th April above mentioned strategy in Crudeoil would have given you a loss of 5 points. If it would have traded with 1 lot then 5 *100 = – Rs 500/- + Brokerage & Taxes extra 


Backtesting Result for 9th April 2020

The first setup arrived on 10.45 AM & Target got hit for this setup @ 12.30. The total gain of 42 points.

The Second setup arrived on 2.45 pm & Target got hit for this setup @ 4.30. The total gain of 60 points.

So on 9th April above mentioned strategy in CrudeOil would have given you a total gain of 102 points. If it would have traded with 1 lot then 102 *100 = Rs 10200/- Profit – Brokerage & Taxes extra 


Backtesting Result for 13th April 2020

The first & only setup arrived at 9.15 AM & throughout the day target was not able to achieve & got exit 15 min before market closing @ 4.45 PM. But managed to gain 114 points.

If it would have traded with 1 lot then 114 *100 = Rs 11400/- Profit – Brokerage & Taxes extra 


You can use this strategy not only for CrudeOil But also for Gold & Silver.


You can download the calculator of the same from Button Given below


I have tried to explain each & every step of this strategy & I hope after reading this detailed step by step blog about it with charts, there won’t be any room for confusion at all.



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  • How to form Market View with Logic
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Thank you!

Swapnaja Sharma.

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