The CL Crude-analysis Thread (Page 24) - Commodities Futures Trading | futures.io
futures.io futures trading
 

Go Back   futures.io

> Futures Trading, News, Charts and Platforms > Traders Hideout > Commodities Futures Trading


The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,404 / 1,754
Last Reply:15 Hours Ago (01:02 AM) Attachments:450

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike
     

Reply
 450  
 
Thread Tools Search this Thread

The CL Crude-analysis Thread

Old February 12th, 2015, 09:23 AM   #231 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 616 since Jan 2012
Thanks: 288 given, 463 received

The anatomy of a chart from someone who has no clue as to what is going on and always knows what is going to happen next

White dots are 15 and 45 minute marks
Red squares one hour (top of the hour)
Green dots half hour

Blue/ red lines are 55 RSI (support/ resist)
Cyan/ orange 34 RSI
Dark red/ green 17 RSI w/ smoothing
Candles VSA_Lite 89 period lookback w/ two standard deviation moves

Cheers

-Bill

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 2 users say Thank You to WilleeMac for this post:
     

Old February 12th, 2015, 12:19 PM   #232 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 616 since Jan 2012
Thanks: 288 given, 463 received

As long as this Capt Happy HS keeps going


Quoting 
Live Squawk ‏@livesquawk 21m21 minutes ago

ECB Boost Greek ELA Allowance To EUR65 Bln

... we'll continue to have volatility in the markets

-Bill


Last edited by WilleeMac; February 12th, 2015 at 12:20 PM. Reason: sp, clarify
Reply With Quote
     

Old February 12th, 2015, 12:27 PM   #233 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,220 received

Trading


If i get 2-3 FLUSH UPS and FLUSH DOWNS in a week, i will be a very happy trader. Problem is we do not get them and i start looking for other set ups - which is OK but i tend to use wrong position size on those days and when A+ set ups come, even though i have right position size, i get shaken out and cut down size.

I have been working on this for 2 years but OLD HABITS die hard. That's why during first couple of years it's important to develop right habits. Unfortunately i acquired all the GARBAGE during first 3 years and still trying to get RID of them.


NOTE: I have no idea what CL will do or should do. All i know when everyone is BULLISH, i take theother side and vice versa.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
The CL Crude-analysis Thread-2015-02-12_1113_short.png  

Last edited by mfbreakout; February 12th, 2015 at 01:33 PM.
Reply With Quote
     

Old February 12th, 2015, 12:46 PM   #234 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 616 since Jan 2012
Thanks: 288 given, 463 received

@mfbreakout

"All i know when everyone is BULLISH, i take the other side and vice versa."

That's as good a plan as any

-Bill

Reply With Quote
     
The following user says Thank You to WilleeMac for this post:
     

Old February 12th, 2015, 12:47 PM   #235 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,220 received

Trading

Futures Edge on FIO
Majority of traders were drawing all kind of stuff on their charts when CL was at 54 and calling CL target 57 and then 60 etc.
When 50 broke this week ( i have no idea why that will be important) they start looking at 45 and then 40.

I just try to keep following picture in mind. DON"T BE A BAG HOLDER.

NOTE: taking the opposite side ONLY when macro trend is bearish like in CL. E-mini bullish trend. I just look for longs on pullbacks. If i short- there has to be very convincing macro reason/news behind it.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
Attached Thumbnails
The CL Crude-analysis Thread-2015-02-05_0204_cart.png  
Reply With Quote
     
The following user says Thank You to mfbreakout for this post:
     

Old February 12th, 2015, 01:23 PM   #236 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 616 since Jan 2012
Thanks: 288 given, 463 received


mfbreakout View Post
If i get 2-3 FLUSH UPS and FLUSH DOWNS in a week, i will be a very happy trader.

I don't know if this will help or not.

But I'm starting to lean on Sierra Chart more and more each day (I'm sure there's a way to get the indy's I mentioned in a previous post and when I do ToS is out the door) but one of the nice features SC has (of many) is you can code the background to change color when the Ask/ Bid is at a certain level, ie hello we have meltdown or lift off.

Also I was in a @FuturesTrader71 and @DionysusToast webinar on TUE and saw Peter is now using SC. So I guess Jigsaw is now linked w/ SC (good thing.)

Anyway just a thought

-Bill_M

Reply With Quote
     
The following user says Thank You to WilleeMac for this post:
     

Old February 12th, 2015, 01:24 PM   #237 (permalink)
Elite Member
BOSTON, MA
 
Futures Experience: Advanced
Platform: Tradestation, TOS
Favorite Futures: commodities, TF
 
mfbreakout's Avatar
 
Posts: 7,244 since Oct 2010
Thanks: 3,467 given, 15,220 received

trading

Some traders are just lazy and hide behind " I am a Pice Action" trader and do not either have time or inclination to see what successful Global traders do and how they look at markets.

British Global Macro trder Raul Pal is one of my favourite. Posting just in case some traders are in mood to learn something new.

The Law of Unintended Consequences - Raoul Pal
Raoul Pal, former hedge fund manager and author of the Global Macro Investor research letter, speaks on Real Vision in December 2014. In this eye-opening presentation, Pal describes the unintended consequences of a rising dollar - the knock-on effects to emerging markets and oil, the potential Chinese policy response, and why the dollar run could go further than anyone thinks. Click here to watch the video: http://hvst.co/1v6sQvR


NOTE: Raul is a big time technical and global macro trader. According to him he would be lost without charts. I have been a member of REALVISION TV for over a year now and love it.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

Last edited by mfbreakout; February 12th, 2015 at 01:31 PM.
Reply With Quote
     
The following 2 users say Thank You to mfbreakout for this post:
     

Old February 12th, 2015, 01:54 PM   #238 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 616 since Jan 2012
Thanks: 288 given, 463 received

Interesting tought provokoing title/ subject

@nanexllc


Quoting 
Anyone know the reason for the WTI/Brent divergence?

One reply was WTI tied to NOK

https://twitter.com/nanexllc/status/565923359066955776?lang=en

Others were production costs, storage etc

-Bill

EDIT

Well I'll be darned


Quoting 
Eric Scott Hunsader @nanexllc


@Uozob It's not NOK (well a little is) - composition and production costs, perhaps



Last edited by WilleeMac; February 12th, 2015 at 02:17 PM.
Reply With Quote
     

Old February 12th, 2015, 02:12 PM   #239 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,582 since Dec 2013
Thanks: 1,393 given, 2,353 received
Forum Reputation: Legendary


WilleeMac View Post
Interesting tought provokoing title/ subject
One reply was WTI tied to NOK
https://twitter.com/nanexllc/status/565923359066955776?lang=en
Others were production costs, storage etc
-Bill

and somebody else asked "Is Brent more sensitive to interest rates?"


My fav was

Quoting 
SouthpawSlinger ‏@SouthpawSlinger 44m44 minutes ago
@nanexllc seriously? this happens all time

But probably mostly due to an ever increasing storage situation at Cushing.

Reply With Quote
     
The following user says Thank You to SMCJB for this post:
     

Old February 12th, 2015, 02:12 PM   #240 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,154 since Mar 2010
Thanks: 6,305 given, 13,204 received

FWIW


I don't trade using this information but its interesting nonetheless...

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

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
     
The following 2 users say Thank You to PandaWarrior for this post:
     

Reply



futures.io > Futures Trading, News, Charts and Platforms > Traders Hideout > Commodities Futures Trading > The CL Crude-analysis Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

NinjaTrader 8: Features and Enhancements, Tips and Tricks

Dec 6
 

Al Brooks: Stop Losing when a Good Trade goes Bad, Correcting Mistakes

Elite only
 

Trading Technologies: Algo Design Lab hands-on

Dec 13
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
CL Light Crude Analysis TPO/MP/VWAP/VPOC bobarian Commodities Futures Trading 1806 July 17th, 2015 03:39 AM
CL Crude-nalysis indextrader7 Commodities Futures Trading 227 November 5th, 2014 12:47 AM
Why crude oil (CL) trades mostly 1 contract? fyd49 Commodities Futures Trading 8 May 22nd, 2014 04:27 PM
Miscellaneous Statistical Analysis (the big thread) trendisyourfriend The Elite Circle 29 July 15th, 2013 01:51 PM
Big move on crude analysis josh Commodities Futures Trading 4 March 11th, 2011 10:07 AM


All times are GMT -4. The time now is 04:22 PM.

Copyright © 2016 by 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 2016-12-04 in 0.14 seconds with 20 queries on phoenix via your IP 54.161.208.7