The CL Crude-analysis Thread (Page 70) - 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:125,131 / 1,753
Last Reply:53 Minutes Ago (02:57 PM) 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 12th, 2015, 11:20 AM   #691 (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

I try not to take longs till ADX stop going up and comes down. Example from yesterday. Same thing today. ADX is up and up, i have no interest in trying to pick bottoms. Only exception is when real buying shows up. CL bouncing between 47.60 to 47.90 has NO VALUE for me. ADX needs to settle down or REAL buying needs to show up.



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-2015-03-12_1016_adx.png  

Last edited by mfbreakout; March 12th, 2015 at 11:28 AM.
Reply With Quote
     
The following 4 users say Thank You to mfbreakout for this post:
     

Old March 12th, 2015, 11:35 AM   #692 (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

Why?



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-2015-03-12_1030_why.png  
Reply With Quote
     
The following 3 users say Thank You to mfbreakout for this post:
     

Old March 12th, 2015, 02:37 PM   #693 (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


Long 47.44 . Out some 47.72. Will add to longs on pullbacks. Short NG. Damn $ has put a cap on CL as far as up moves goes. What about down moves.? I have no idea. It's easier to define resistance areas when an instruement is in a macro bearish trend. To pick bottoms in case of CL is not a good idea.



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-2015-03-12_1333_ng.png  
Reply With Quote
     

Old March 12th, 2015, 08:36 PM   #694 (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


gtrader62 View Post
I have utmost respect for traders seeking to understand price activity to any market.

However, I am at odds with indicators of the modern era.

If Gann or Babson can....with a pencil and paper turn $130 into $12,000 in 1909.... what is your Market Profile going to do for you in comparison?

Either your self-convinced it gives you an edge, or in fact...its a exaggeration for your eyes to relate with.

Here is a measure of proof...out of love, someone is taking the time to help me...


Wyckoff's post to US Congress and Wall Street....publications sustaining Gann's trade decisions and predictions.

Is Gann a fluke or was his perspectives true... as compared to market profile?


I can tell you truthfully, he would not use it.

Gann had his mind... pencil and paper.


Attachment 177879



Have a lovely day.

Market Profile is not a trading method- at least to me. It's a way to look at data just like candles etc. Start a journal per your method and show how use whatever you are using. Anytrader can also post in this journal also. In the end it all comes down to who can put the trade on. The entire world can see that CL, NG and GC have been in a bearish trend for some time. If one can put a trade together with that macro trend in mind- that's all matters.



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; March 12th, 2015 at 08:41 PM.
Reply With Quote
     

Old March 12th, 2015, 08:54 PM   #695 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/Rithmic
Favorite Futures: ES, NQ
 
trendisyourfriend's Avatar
 
Posts: 3,613 since Oct 2009
Thanks: 2,934 given, 4,347 received

Futures Edge on FIO

mfbreakout View Post
Market Profile is not a trading method- at least to me. It's a way to look at data just like candles etc. Start a journal per your method and show how use whatever you are using. Anytrader can also post in this journal also. In the end it all comes down to who can put the trade on. The entire world can see that CL, NG and GC have been in a bearish trend for some time. If one can put a trade together with that macro trend in mind- that's all matters.

Maybe not a trading system but providing a framework for turning data into actionable insights if used properly.

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

Old March 12th, 2015, 09:01 PM   #696 (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

Nobody wants any risk but want all the glory with the least amount of time. Risk 10 ticks to make 100 ticks in 15 minutes etc.

Identify the macro trend and then short every bounce till trend is clearly reversed.



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-2015-03-12_1951_ng1.png   The CL Crude-analysis Thread-2015-03-12_1955_gc.png  

Last edited by mfbreakout; March 12th, 2015 at 10:27 PM.
Reply With Quote
     
The following 3 users say Thank You to mfbreakout for this post:
     

Old March 12th, 2015, 10:31 PM   #697 (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

$143 stocks now available for a special price of .46 cents. Any takers? Stocks are best suited for swing trading. I just watched this stock and others in this sector for 4 years. Have been short BTU for some time. One can learn a lot just by watching. For trading i pray for 2 things;

1) For a bullish trend- a pullback. Example, Russell pull back to 1203 from 1243 over last couple of days.

2) For a bearish trend- a bounce. Example, bounces in CL, NG, GC, KC 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-2015-03-12_2123_wlt.png  

Last edited by mfbreakout; March 12th, 2015 at 10:38 PM.
Reply With Quote
     
The following user says Thank You to mfbreakout for this post:
     

Old March 13th, 2015, 06:20 AM   #698 (permalink)
Trading for Fun
Nicosia, Cyprus
 
Futures Experience: Advanced
Platform: X_Trader Pro, TWS, CQG, Sierra Charts
Broker/Data: Interactive Brokers, Data: CQG, TTNEt
Favorite Futures: crude arbitrage, spreads, energy, grains
 
Posts: 191 since Dec 2013
Thanks: 28 given, 103 received

The highlights section of IEA monthly report is now available on IEA website

https://www.iea.org/oilmarketreport/omrpublic/

Reply With Quote
     

Old March 13th, 2015, 07:33 AM   #699 (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


mfbreakout View Post
Long 47.44 . Out some 47.72. Will add to longs on pullbacks. Short NG. Damn $ has put a cap on CL as far as up moves goes. What about down moves.? I have no idea. It's easier to define resistance areas when an instruement is in a macro bearish trend. To pick bottoms in case of CL is not a good idea.


The way CL consolidated around 47.30 area for 2 hours and then up 130 ticks into the close, i thought 47.30 area will be low for this week. Turned out that 130 ticks up move was a head fake since CL gave up all the so called gains and could not find a bid all day yesterday ( Thursday). I had to bail out after adding to longs into pullback.

Time to figure out next trade. My preference always is to wait for a bounce to reshort. But what about if there is no bounce since the price is week? Shorting into the hole is a tough one. It's tough for me to find a stop loss area. Only solution for shorting in the hole is to use small position size since stop loss is quite wide. Short 47.24 during Asian session. As i open my computer this morning and see CL at 46.62, i am wishing i had shorted 10 cars. Wishing and day dreaming is not helpful. Since i could not afford stop loss required on 10 cars, it was the right decision for me.

Update: Nat. Gas down another 1.23% from yesterday close.



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-2015-03-13_0630_asian_session.png  

Last edited by mfbreakout; March 13th, 2015 at 12:55 PM.
Reply With Quote
     
The following 2 users say Thank You to mfbreakout for this post:
     

Old March 13th, 2015, 08:24 AM   #700 (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


Staying short but it's not easy as we get different signals 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-2015-03-13_0717_staying_the_course.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 03:51 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 2016-12-02 in 0.14 seconds with 20 queries on phoenix via your IP 54.146.141.60