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CL Day Trading: THE EDGE-Multiple Charts
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CL Day Trading: THE EDGE-Multiple Charts

  #21 (permalink)
Elite Member
london uk
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: Stocks
 
tellytub's Avatar
 
Posts: 409 since Jun 2009
Thanks: 333 given, 118 received

am I correct in saying you are using CL?

In Ninjatrader I set up a chart for CL with "6 ticks", and it doesn't look anywhere as smooth as your chart. Are ticks in your platform different to Ninjatrader?

thanks

 
  #22 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
Favorite Futures: TF, CL, & HO HOs
 
ESFXtrader's Avatar
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

CL Day Trading: THE EDGE-Multiple Charts


tellytub View Post
am I correct in saying you are using CL?

In Ninjatrader I set up a chart for CL with "6 ticks", and it doesn't look anywhere as smooth as your chart. Are ticks in your platform different to Ninjatrader?

thanks

I can't say anything about Ninjatrader, not having used it to date; but the CL 6 tick (r) is a 6 tick range bar chart, yet, I am using candlestick charting for quicker identification and simplicity.....my preference. You might prefer a bar chart. In the 6 tick range bar, each bar is exactly 6 ticks-high to low, and, in that alone, gives a direction the market has, at least begun to move. I like the 6 minute chart with it. Often, you will see a BB entry at the Green MA entry with both charts up.
WK

 
  #23 (permalink)
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Bala, PA, USA
 
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tellytub View Post
am I correct in saying you are using CL?

In Ninjatrader I set up a chart for CL with "6 ticks", and it doesn't look anywhere as smooth as your chart. Are ticks in your platform different to Ninjatrader?

thanks

A 6 tick chart is different then a 6 range chart. For a 6 Range chart, In NinjaTrader, in the Data Series dialog, under the Period section, choose Type > Range and Value 6

 
  #24 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
Favorite Futures: TF, CL, & HO HOs
 
ESFXtrader's Avatar
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

CL Day Trading: THE EDGE-Multiple Charts

This 6 tick (r) chart on CL has the trades marked and shows the power of my system. The time frame is from 0617 to 1030 and shows a max ticks available of 452 on 16 trades. Trade a system that is consistently a winner and you'll grow your account as much as you desire. Proves it works on any futures contract and on a demo first.

Attached Thumbnails
CL Day Trading: THE EDGE-Multiple Charts-cl-oil_on_6_tick_-r-_chart-trades2012-10-19_0617_to_1030.png  
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  #25 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
Favorite Futures: TF, CL, & HO HOs
 
ESFXtrader's Avatar
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

CL Day Trading: THE EDGE-Multiple Charts

This is the same chart with the trades explained. This covers most of my trading plan and now there should be very few questions to explain. I have described it for any trader's understanding.
Good trading.
WK

Attached Thumbnails
CL Day Trading: THE EDGE-Multiple Charts-cl-oil_trades_on_6tick_-r-_chart2012-10-19-0617-1030.png  
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  #26 (permalink)
Trading for Profit
West Coast of Florida
 
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Platform: TradeStation, Danials Trading
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CL Day Trading: THE EDGE-Multiple Charts

Here are the 12 and 6 min charts with trades marked along with the same 6 tick (r) chart w/prices on a different red vertical bar for more info.
WK

Attached Thumbnails
CL Day Trading: THE EDGE-Multiple Charts-cl_trades_on_12_-_6_min_charts-2012-10-19.png   CL Day Trading: THE EDGE-Multiple Charts-cl-oil_trades_on_6tick_-r-_chart-2012-10-19-0617-1031.png  

Last edited by ESFXtrader; October 21st, 2012 at 03:57 PM.
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  #27 (permalink)
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WK

thank you VERY much for on going explanations and time on this - greatly appreciated and I'm sure by many of us. Out of all the trades posted on the most recent charts - the majority make sense. This is a good thing as it allows the application of your method on any instrument as you have said many times. I have two questions and if you have time to comment at your convenience that would be great.

1. after trade 10 before after 9:18 am and before 9:31 is that reversal long or do you hold all the way through the pull back - or is there a long trade also if you consider the close above the MAs eventually at 9:35 approx which CCI and RSI confirm

2. between 9:00 and 9:05 there is a BB short but the only difference between that and trade #7 is the presence of divergence. is this correct i.e. any reason to not short at that point ? Trade 10 is also in this general setup

Hopefully my descriptions are clear and make sense. I continue to study this daily in detail - sincere thanks again for your commitment to us. Also I can post my questions above in the other two threads if preferred.

L

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  #28 (permalink)
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Divergence


ESFXtrader View Post
This is the same chart with the trades explained. This covers most of my trading plan and now there should be very few questions to explain. I have described it for any trader's understanding.
Good trading.
WK

@ESFXtrader,

Thank you for your generous posts/charts.
May I ask, when you mention divergence in your trades, are you referring to all sub panel indies or one in particular?

Thank you.

 
  #29 (permalink)
Trading for Profit
West Coast of Florida
 
Futures Experience: Intermediate
Platform: TradeStation, Danials Trading
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Posts: 505 since Jul 2010
Thanks: 56 given, 2,283 received

CL Day Trading: THE EDGE-Multiple Charts


rdtw View Post
@ESFXtrader,

Thank you for your generous posts/charts.
May I ask, when you mention divergence in your trades, are you referring to all sub panel indies or one in particular?

Thank you.

I will often look for 2 or more indicators with divergence on any of the sub panels. More often than not, I will see 4 or more on the best reversals after a big move.
Hope this helps.
WK

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  #30 (permalink)
Membership Revoked
Columbus Ohio
 
Futures Experience: Intermediate
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First let me say thanks for the content. I trade CL with bollingers also.

I keep hearing you repeat how powerfull and awesome your system is. Are you ever going to use this to make real money or just tell everyone that its yours and its the best. I want to know the end of this story. Is it you making consistent profits, or you talking up your system with hindsight trades.

I mean no harm with this post, just interested in your psychology behind posting.

-Dave Krupar


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