Velmurugan_SimpleTrader

Velmurugan_SimpleTrader

Think & Trade in Probability.

Velmurugan_SimpleTrader

Trade Conservatively. Follow US Oil chart for full price data.

Velmurugan_SimpleTrader

Trade conservatively in the direction of breakout.

Velmurugan_SimpleTrader

Check the chart..

Velmurugan_SimpleTrader

Giving mixed signal, wait for the market to move in any one direction.

Velmurugan_SimpleTrader

Check the chart for information and major Time frame's Supply and demand ranges..

Velmurugan_SimpleTrader

Currently in strong buy, close above 64.84 will make new high. close below 63.38 ~ 63.80 will be sign of trend reversal. trade with confirmation in lower time frames 15 and 5 mins.

Velmurugan_SimpleTrader

Professional Price action trader's analysis will be from higher time frame to lower time frame. Higher time frames like Monthly, Weekly, daily, 4Hour are acts as Major Supply & Demand levels for any script. Lower time frames 1Hour, 15min, 5min are used to enter the market. In the chart of USOIL, I have mentioned the major Supply & Demand ranges in line and...

Velmurugan_SimpleTrader Updated 

Daily time frame forms new low after yesterday close. If it closes below next demand zone in daily and weekly time frame, we can expect a good correction for the previous bull market. If new high forms in hourly (reversal in hourly = buy sign) trade accordingly..

Velmurugan_SimpleTrader

Trade in the direction of higher time frame. All Higher Time frames giving Buy sign, except in 4Hour. While market at the bottom of the 4H channel, If Hourly makes new high then it is high probability to move higher.

Velmurugan_SimpleTrader

Trade with reversal confirmation in (1Hour) both direction.

Velmurugan_SimpleTrader

Buy after Trend reversal confirmation in Lower TF (5min).

Velmurugan_SimpleTrader

Same view is for daily TF too.

Velmurugan_SimpleTrader

Price action: New high formed Indication: 1.MACD Divergence. 2.In daily TF in 61.8% fib., level.

Velmurugan_SimpleTrader

Check the chart for major supply & demand zones and resistance.

Velmurugan_SimpleTrader

High volatility expected, as near monthly trendline acts as resistance.. refer the next published chart.

Velmurugan_SimpleTrader

Enter after breakout, be conservative in both direction.

Velmurugan_SimpleTrader

Retest of previous trendline. wait for reversal confirmation in hourly timeframe.