Who to can share a good CL setup? - Commodities Futures Trading | futures io social day trading
futures io futures trading


Who to can share a good CL setup?
Updated: Views / Replies:6,256 / 20
Created: by shah1266 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Who to can share a good CL setup?

  #1 (permalink)
Membership Permanently Revoked
hartford
 
Futures Experience: Intermediate
Platform: nt
Favorite Futures: cl
 
Posts: 52 since Jun 2011
Thanks: 54 given, 5 received

Who to can share a good CL setup?

Who to can share a good CL setup?

I want to incorporate ansupertrend with it. thank you

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
Ontario
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: Euro, oil
 
Posts: 5 since Jun 2011
Thanks: 0 given, 1 received

Good CL setup


I also would be interested in what other traders think is a good CL setup. At present I am testing a 20 unit range.





shah1266 View Post
Who to can share a good CL setup?

I want to incorporate ansupertrend with it. thank you


Reply With Quote
 
  #4 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received

 
Thread Moved


Moved to Commodities Trading



When creating a new thread, note which subforum you are in. Here is a short list of suggestions:

- Topic: Anything to do with an Elite indicator -> Subforum: The Elite Circle
- Topic: Looking for an existing indicator, or how-to use an indicator -> Subforum: (the platform)
- Topic: Programmer needing help with non-Elite indicator -> Subforum: (the platform) - Programming
- Topic: Want an indicator created/modified -> Reply to "Want indicator created free" in Elite Circle
- Topic: Vendors (trading rooms, commercial indicators) -> Subforum: Vendors/Product Reviews
- Topic: Discussion of Forex or Currency trading -> Subforum: Forex and Currency Trading
- Topic: Journals of your trading -> Subforum: Trading Journals or Elite Trading Journals
- Topic: General trading related discussions -> Subforum: Traders Hideout
- Topic: Discussion of a trading method -> Subforum: Traders Hideout
- Topic: Automated Trading -> Subforum: Elite Automated Trading

Last, any Elite Member may create more or less any of these topics in The Elite Circle at your own discretion (your support is appreciated).

This is just a short general list and doesn't cover everything. If you are unsure where to create your new thread, just create it in Traders Hideout and a moderator will move it if necessary.

-- Big Mike Trading



Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #5 (permalink)
Elite Member
new york
 
Futures Experience: Beginner
Platform: SC, NT
Favorite Futures: CL, GC
 
Posts: 213 since Sep 2009
Thanks: 99 given, 113 received

Honestly, the recent price action probably throw many CL traders off the course. I mean, it still has great moves, but I am seeing a lot $1 in 5 minutes chart. I am start thinking, maybe a 80 cents target 3 is short changing myself now.

Ohh.. here is my trend trading strategy on 5 minutes.

5 minutes chart setup: 20ema, don't look at volume on RTH.

Below is today's CL (7/13/11) PA, and how I read it before there big move up.
1) Wait for strong price action
2) Wait for confirmation
3) Wait for pullback (PA must be weaker than 1 and 2)
4) Enter on breakout of pullback bar, or previous 2 bars

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following 3 users say Thank You to cw30000 for this post:
 
  #6 (permalink)
Elite Member
Lubbock TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Stage 5 Trading
Favorite Futures: CL
 
MWinfrey's Avatar
 
Posts: 1,879 since Jul 2009
Thanks: 1,449 given, 3,306 received


cw30000 View Post
Honestly, the recent price action probably throw many CL traders off the course. I mean, it still has great moves, but I am seeing a lot $1 in 5 minutes chart. I am start thinking, maybe a 80 cents target 3 is short changing myself now.

Ohh.. here is my trend trading strategy on 5 minutes.

5 minutes chart setup: 20ema, don't look at volume on RTH.

Below is today's CL (7/13/11) PA, and how I read it before there big move up.
1) Wait for strong price action
2) Wait for confirmation
3) Wait for pullback (PA must be weaker than 1 and 2)
4) Enter on breakout of pullback bar, or previous 2 bars

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

take a look at these threads...very similar to what you are doing.
https://futures.io/elite-trading-journals/8035-mwinfreys-5-minute-odyssey.html
https://futures.io/elite-trading-journals/4795-ar01-our-journey.html
https://futures.io/elite-trading-journals/8654-kl01-trading-journal.html

Reply With Quote
The following 2 users say Thank You to MWinfrey for this post:
 
  #7 (permalink)
Membership Temporarily Revoked
toronto,ontaio
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: AMP
Favorite Futures: TF
 
bugsbunny's Avatar
 
Posts: 973 since May 2010
Thanks: 1,108 given, 459 received

you could


shah1266 View Post
Who to can share a good CL setup?

I want to incorporate ansupertrend with it. thank you


You could incoporate your indicator to work around what i post try this out & see if it makes sense

https://futures.io/trading-journals/11527-bugs-t-ading-journal-s.html

Thanks

Bugs

Reply With Quote
The following user says Thank You to bugsbunny for this post:
 
  #8 (permalink)
Elite Member
new york
 
Futures Experience: Beginner
Platform: SC, NT
Favorite Futures: CL, GC
 
Posts: 213 since Sep 2009
Thanks: 99 given, 113 received



Yea. I personally find reading just price is a lot easier. I've paid many years in tuition and have tried many many holy grail methods, and they don't work. I don't understand them. But reading price is simply enough. I just have to worry about price and nothing else. Of course, I do use trendline HH/LL, HL/LH.

Just doing demo, no real money yet. Just waiting for my kids to head to school in fall. Still working on the psychology of trading.

Reply With Quote
The following user says Thank You to cw30000 for this post:
 
  #9 (permalink)
Trading Apprentice
Dallas, TX
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: Gold
 
Posts: 13 since Apr 2011
Thanks: 0 given, 3 received

I pay for an automatic program from someone and it does decently well, but one thing I noticed is that it trades off a 89 tick chart. Maybe instead of minute charts you could use tick charts with larger or smaller time frames? Seems to clean the chart up pretty nicely.

Reply With Quote
 
  #10 (permalink)
User requested to be banned
Orlando, Florida
 
Futures Experience: None
Platform: shoes
Favorite Futures: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011
Thanks: 2,090 given, 5,026 received



shah1266 View Post
Who to can share a good CL setup?

I want to incorporate ansupertrend with it. thank you



This is not what I currently trade, my "setups" have gotten a lot more involved. But for something extremely simple that I used to use to make good scalp trades, play with this setup;
  1. CL 12 range chart
  2. XMA Price Envelope #1 (Red/Green) set to 11 period and 0.04 offset
  3. XMA Price Envelope #2 (White dotted) set to 15 or 17 period and 0.08 offset
The ENTIRE BAR needs to break out above / below the channels to qualify. Wait for a pullback into the "zone" (below the red and above white for longs, above green and below white for shorts)

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).




Obviosuly, reading volume, understanding support/resistance, using trend filters, and above all, understanding your market, can help considerably. No indicator alone can save you. Trade in simulation until you can log net wins consistently.

I am no longer a big fan of backtesting, but I used to spend literally thousands of hours at it. I have this old spreadsheet showing where I added trend filters of a 17 and 50 EMA, but ultimately I decided those did not matter that much. And, back then I only required the "breakout" to be beyond the Breakout Channel, but later tightened my criteria to limit trades to only breakouts beyond both. The entry point below was the "entry channel", but it really does not matter to the tick if you have other contributing factors.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).





Additional Rules:

- Expect to be wrong often. These type of systems rely on staying consistent.
- Do not average in. Do not double up to recoup losses. You will eventually lose.
- Do not move you initial stop. Instead, focus on learning where to put it. Stops keep you in the game.


See if you can add some rules to make this better.



Anyway, something to play around with. Let me know if this helps you. If adding supertrend does anything let me know as well. Stay safe!


Last edited by GaryD; August 20th, 2011 at 03:49 PM.
Reply With Quote
The following 7 users say Thank You to GaryD for this post:

Reply



futures io > > > > Who to can share a good CL setup?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
If you built the perfect system, would you share it or horde it? bluemele Psychology and Money Management 53 July 27th, 2014 05:24 PM
Using share/volume bars on the ES? mindfultrader Traders Hideout 3 March 2nd, 2011 08:39 AM
Goldman Snubs US Investors in Facebook Share Offering Quick Summary News and Current Events 0 January 17th, 2011 10:40 PM
Has anyone complated or know someone that has done ''Share t aqt1981 Beginners and Introductions 1 March 10th, 2010 11:31 PM
Chatbox enhancements: Ability to share charts and images Big Mike The Elite Circle 1 July 24th, 2009 04:38 AM


All times are GMT -4. The time now is 12:42 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.15 seconds with 19 queries on phoenix via your IP 107.20.115.174