Crude did what crude it known for.. a highly volatile move.. bina helmet ke bike na chalana aur bina stoploss ke crude na trade karna :D.. So the double hatrick will have to wait to be completed for some months now :p. Luckily got stopped out at some profit level. 10 is nothing compared to 100..but its way better than -40 .
So the reason for the sudden reversal was the oversupply concerns.. well.. any way..heres the chart:
I will be willing to take a short soon. lets see.
SILVER LONG taken..interesting trade..
So there was a trendline breakout finally visible so i entered half. Now had i been the inexperienced trader i was earlier i would have freaked out at seeing it fall 400 points from my entry point! when the stoploss was 500 points.. but thats what the market has taught me till now is to not panic. I acutally took this as blessing and added the other half here..for a lower average entry price.. anyways i was going to lose much less compared to normal full entry trades in this case as i had just gone half.
It reversed from that point and how!!! ALREADY IN 400-500 points profit 🙂 ..and have a look at the candle… this is going up big 😀 (hopefully).. staying long with a stoploss at breakeven