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CL Crude-nalysis
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CL Crude-nalysis

  #71 (permalink)
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CobblersAwls View Post
Perhaps this was an intentional move? Larger players bidding it down yesterday to build a more profitable position for the long term? I

Every move is intentional and yes all run by the big players.

The awesome price action the past two days was very similar to a few weeks ago when Russia said they wanted to start selling energy in roubles on the 14th of August.

If you can keep your wits about you while all others are losing theirs, and blaming you....The world will be yours and everything in it, what's more, you'll be a man, my son. - Kipling
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  #72 (permalink)
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Here's the current trade

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Just got the scale off as I type this.

9:33CST update: I added back the scale and re-scaled again. Holding for target or market information that says get out

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10:42CST I am an idiot. I let CD get me out before my target. I am throwing CD away forever. Only +124 on the day I know...

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Last edited by indextrader7; September 5th, 2014 at 12:44 PM. Reason: trade update
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  #73 (permalink)
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Oysteryx View Post
I find today's cumulative delta divergence quite odd. See the attached CLV14 60minute chart. Not an expert on the field.

Charting platform not working today, what a great day for this to happen. So watching on the sidelines.

Wanted to mention that the CD divergence I posted about may have not existed. I asked in the Cumulative Delta thread how such am extreme divergence could even be possible, and another member pointed that his chart was not showing such divergence. So I believe my CD chart on CL is wrong. Do not understand how that is possible, as I am using Sierra's data feed, and the exact same study on ES is fine. If anyone could post here his CD chart for Sep2 I'd greatly appreciate it. Thanks.

 
  #74 (permalink)
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Oysteryx View Post
Charting platform not working today, what a great day for this to happen. So watching on the sidelines.

Wanted to mention that the CD divergence I posted about may have not existed. I asked in the Cumulative Delta thread how such am extreme divergence could even be possible, and another member pointed that his chart was not showing such divergence. So I believe my CD chart on CL is wrong. Do not understand how that is possible, as I am using Sierra's data feed, and the exact same study on ES is fine. If anyone could post here his CD chart for Sep2 I'd greatly appreciate it. Thanks.

Do yourself a favor and just throw CD away! I hate it hate it hate it. lol

Can you explain one way that it works well? Be sure to consider the implications of the aggressive AND passive participants.

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  #75 (permalink)
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indextrader7 View Post
Do yourself a favor and just throw CD away! I hate it hate it hate it. lol

Can you explain one way that it works well? Be sure to consider the implications of the aggressive AND passive participants.

I've only recently started using CD on 1 min chart to look for confirmation of buying/selling pressure at my setups as a confirming entry signal, and really like it. At a long setup at a 50% retracement, I will look for CD to start moving up, and vice versa for short, to confirm the reaction I expect at those levels is actually there before entering. It is the only indicator I've ever watched that seems to work reliably for something like this.

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  #76 (permalink)
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Futures Operator View Post
I've only recently started using CD on 1 min chart to look for confirmation of buying/selling pressure at my setups as a confirming entry signal, and really like it. At a long setup at a 50% retracement, I will look for CD to start moving up, and vice versa for short, to confirm the reaction I expect at those levels is actually there before entering. It is the only indicator I've ever watched that seems to work reliably for something like this.

I would 100% agree there that it can tell us there is some orderflow supporting a precise entry point here so go ahead an pull the trigger.

What I was referring to in my hatred of CD was using it for anything longer-term than what you suggested.

Great point, glad you made it.

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  #77 (permalink)
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Futures Operator View Post
I've only recently started using CD on 1 min chart to look for confirmation of buying/selling pressure at my setups as a confirming entry signal, and really like it. At a long setup at a 50% retracement, I will look for CD to start moving up, and vice versa for short, to confirm the reaction I expect at those levels is actually there before entering. It is the only indicator I've ever watched that seems to work reliably for something like this.

I would suggest you can often see these type of signals on a plain time or tick chart as well using simple tools like levels and trendlines.....I've traded with a couple of guys over the years that used CD to find these turning points and funny thing is, their entries were nearly always the same as mine.....and I didn't use the CD....not saying you shouldn't use it....by all means do if it works for you, just saying its not necessary to find the turning points.........

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #78 (permalink)
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I'm not posting much anymore as I'm trying to protect the integrity of the work I've done restoring my shoulder and wrist.....but I thought I'd throw in a chart just for curiosity sake.

I was short biased this morning. Took a short that stopped at BE. Followed that with a scalp long to try and pay for the commissions today and reshorted once I started seeing signs for the shorts again.....I closed one at -4 I think because I over thought the trade but soon after I took the same trade again and got my first scale off.....but I ran out of time and had to leave so I locked in 20 ticks and took off for a couple of hours thinking that perhaps it would keeping going my way.

My target was the 93.80-93.60 area....of course price went there and more once it had come back and stopped me out at +20 on the runner.....

Its funny, on the days I try to manage the trade, I end up getting out way to soon, and on the days where I just sit and wait it out, I end up with scratches.....its either don't manage the trade or scalp out all the time....really doesn't seem to be any middle ground here.

Last few weeks I've been working on this issue of either managing or not managing....and to be quite honest, no management does seem to be best although hardest to do.

Anyway, you can see my entries and exits......I made my daily nut today which is fine but there was a lot more to be had without trying to be fancy.....

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Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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  #79 (permalink)
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PandaWarrior View Post
I would suggest you can often see these type of signals on a plain time or tick chart as well using simple tools like levels and trendlines.....I've traded with a couple of guys over the years that used CD to find these turning points and funny thing is, their entries were nearly always the same as mine.....and I didn't use the CD....not saying you shouldn't use it....by all means do if it works for you, just saying its not necessary to find the turning points.........

Sorry if I wasn't clear enough, I'm not using it to find reversals or entries, but only as a confirming signal when price reaches my setup/entry level, to ensure there are others taking the same trade as me, and especially at the market.

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  #80 (permalink)
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indextrader7 View Post
Can you explain one way that it works well? Be sure to consider the implications of the aggressive AND passive participants.

Well I don't use CD divergences for trading, I just follow it for context. The way I see it CD divergences can be rationally interpreted both ways, eg, in a rising market, CD moving higher than price can be interpreted as determined buyers showing up and thus more coming upside, or as over-compromised buyers likely to be forced to puke. Of course, a determined buyer can become an over-compromised buyer as well. I would need to see or do a statistical study on CD before using it for trading decisions. So in the meantime I take CD at face falue: all it means is market orders volume. CD not moving as much as price simply means there are limit orders holding a level. How can sometimes price move up and CD move down, I can't get my head around it.

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