The CL Crude-analysis Thread (Page 57) - 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:125,645 / 1,754
Last Reply:December 4th, 2016 (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 March 4th, 2015, 09:18 AM   #561 (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

Master Chart H1 full view of current contract

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



Next lower time frame

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



Micro time frame M1

Spike down bar 0625amET with no follow through to the downside. The first micro long (not shown) is from 5060 to 0645am (white dots after green squares - the red/ white dots, green squares are time marks.) The chart is showing a series of micro long pulls using the previous 50% as anchor for the next pull. Keep pulling long until the long is no longer there. Typically it will go two, three or four micro pulls and then come back into a traditional measured move long (ie a 50% on a larger pull or higher time frame.)

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



Pulled back into a larger 50% MM or a higher time frame


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




The other thing I like to look for is price action at time (reference last chart above to you current chart at 0800amET

-Bill


Last edited by WilleeMac; March 4th, 2015 at 10:21 AM.
Reply With Quote
     
The following user says Thank You to WilleeMac for this post:
     

Old March 4th, 2015, 09:29 AM   #562 (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

It's hard to see this with all the numbers and % on the fib pull (BTW, I've been told that it is actually a reverse Fib pull.)

Pull(s)

0625amET to 0641, 5060 to 5074
0643 to 0652, 5067 to 5079
0658 to 0709, 5071 to 5082 (not only is the micro 50% in there but also the Vpoc 5075)
0713 to 0722, 5076 to 5097

-Bill

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



EDIT

Does /CL hit the 50% retrace, HWB, MM long or short to the tick every time? Sure, what the hell, what doesn't?

Max front run is 6, most common 4-6



EDIT2

Bread and butter play - Globex low to high or high to low (works every time, 100% guaranteed pure bull shit.)

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


Last edited by WilleeMac; March 4th, 2015 at 09:54 AM.
Reply With Quote
     
The following user says Thank You to WilleeMac for this post:
     

Old March 4th, 2015, 09:53 AM   #563 (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


Will this work, will Lucy stay in the long mode?

Very simple premise - Low to High, High to Low. Wash, rinse, repeat.

Some might call it looking for a pullback,,,,,,,,

Yadda, yadda

-Bill

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


EDIT

What I like about this particular view, it has H1 windows overlaid on an M5 chart. For ToS users if interested, the code is available in a previous post

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



EDIT2

For those that don't believe in all of the Circus Magic that I've put forth, I'll go with hard core numbers (brought to you by @Cashish)

/CL just came right off of yesterday's CME settlement price (I don't think there's much magic in that, other than it doesn't happen enough.)


Last edited by WilleeMac; March 4th, 2015 at 10:51 AM.
Reply With Quote
     
The following 3 users say Thank You to WilleeMac for this post:
     

Old March 4th, 2015, 10:26 AM   #564 (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, 15,221 received

Trading

Happy today with 40-50 ticks till DOE report and $ settling down. Holding small longs and will flatten before DOE report. Based off consolidation at highs, some may say DOE report is already priced in and will CL make new highs for the week. May be but i am not willing to trade in front of 100 ticks spike down ( just as an example) and then rip up etc.



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-2015-03-04_0922_dx-cl.png  

Last edited by mfbreakout; March 4th, 2015 at 12:52 PM.
Reply With Quote
     
The following 3 users say Thank You to mfbreakout for this post:
     

Old March 4th, 2015, 10:49 AM   #565 (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

Futures Edge on FIO

Are you a NinjaTrader user?

 
VSA

Stuck

First Magenta spike down bar, no new low
Fourth Cyan spike up bar, no new high
Subsequent spike up bar, no new high
Last spike down, bar no new low (so far)

That's all I have, I can't do this shit and keep up with that

Hope some of it was helpful

-Bill

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


Last edited by WilleeMac; March 4th, 2015 at 10:50 AM. Reason: sp, clarify
Reply With Quote
     

Old March 4th, 2015, 11:03 AM   #566 (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

Ok last go at it

This shows KISS of Yday low to Tday high. Will it hold? How the hell do I know, does low volume nodes, does pivot, does settlement price, does Vpoc?

EDIT - I think the whole point of all of this (all the input from everybody here), you need to be aware of these numbers. Especially with /CL, she can have price action (participation) ay any of these levels. What has the highest probability? That's where screen time and Excel spreadsheets come in play etc etc.

Next area of interest would be week low to high,,,,,,,,, and then, and then, and then...........

Round and round Lucy goes, where she stops NOBODY knows

-Bill

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


Last edited by WilleeMac; March 4th, 2015 at 11:35 AM.
Reply With Quote
     

Old March 4th, 2015, 11:15 AM   #567 (permalink)
Market Wizard
Florida
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ES, NQ, YM, CL
 
trendwaves's Avatar
 
Posts: 687 since Dec 2012
Thanks: 2,485 given, 2,103 received

30 Minute chart ahead of the weekly petroleum status report

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

Be Patient and Trade Smart
Reply With Quote
     
The following 2 users say Thank You to trendwaves for this post:
     

Old March 4th, 2015, 11:46 AM   #568 (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

Ok, waiting for the monster to calm down

She traded the contract low to most recent high (half-way-back, 50% retrace, measured move, pullback, price action)

-Bill

Reply With Quote
     

Old March 4th, 2015, 11:52 AM   #569 (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

Everybody is giddy over the 2009 FED info/ stuff being out for your viewing pleasure.

What in the hell does six year old data have to do with the price of tea in China?

Never mind, they most likely don't trade /CL or trade at all.

-Bill_M

Reply With Quote
     

Old March 4th, 2015, 01:01 PM   #570 (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, 15,221 received

Trading


I am surprised at CL not getting sold. Well i gave her hour and a half. $ at new highs and massive inventory build up but no meaningful sell off.



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-2015-03-04_1156_doe.png  
Reply With Quote
     
The following 3 users say Thank You to mfbreakout 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 05:50 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 2016-12-06 in 0.15 seconds with 20 queries on phoenix via your IP 54.163.92.62