The CL Crude-analysis Thread - Commodities Futures Trading | futures.io
futures.io futures trading


The CL Crude-analysis Thread
Started: by tturner86 Views / Replies:131,434 / 1,815
Last Reply: Attachments:459

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
 459  
 
Thread Tools Search this Thread
 

The CL Crude-analysis Thread

  #741 (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, 15,224 received

Trading

CL has tested shorts RESOLVE like i have not seen in a while. Still short. Shorted 42.68, 42.54 on FLUSH UP before DOE report, Cover some 42.26. My dreams of 40 area getting tested is getting SHAKY by the minute. Looks like FOMC minutes will be the next catalyst.

For me, shorts will be over for the time being if CL rips above 43.20 area. If forces beyond our control wants to defend 42- it does not matter what my patterns, context etc.. are telling me. I have to adjust. Time to listen some of gentle George songs.




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 18th, 2015 at 12:15 PM.
Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
  #742 (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, 15,224 received

Trading


SMCJB View Post
@mfbreakout how many hours a day do you trade?
Asian, Euro , NY, seems like your always trading.

When certian MACRO catalyst are under way, i do tend to get all excited. I normally do not trade Globex session unless macro head winds are all around. Otherwise 8.30 am till 2.30 pm eastern time. When i trade Globex session, i place stop loss and do not watch screen. So Globex trades are more relaxing vs NY RTH session.



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.
Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
  #743 (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, 15,224 received

Trding


US $ over bought, CL over sold. FOMC minutes will either get CLOCK reset or over bought will become more over bought and oversold will become more oversold.



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.
Reply With Quote
 
  #744 (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, 15,224 received

Trading

I was reading some traders post. Long above 42.50 and short below 42.40. I said THANKS but no THNAKS. They were trading some wave patterns.

No trades now till FOMC minutes are out.



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-2015-03-18_1332_short.png  
Reply With Quote
 
  #745 (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, 15,224 received

Trading

Futures Edge on FIO
Too complex and all the work for 12 ticks. An example of some pattern. No context but busy drawing lines all day.



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-2015-03-18_1346_wave.png  
Reply With Quote
 
  #746 (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, 15,224 received

Trading


mfbreakout View Post
US $ over bought, CL over sold. FOMC minutes will either get CLOCK reset or over bought will become more over bought and oversold will become more oversold.


YELLEN: Just because we're not using the word 'patient' doesn't mean we're going to be impatient

Dovih statement- Key word " PATIENCE" remained in the statement. A CNBC host was wondering why CL is up? Trade first and ask questions later= Mark Fisher. 42 level is secure. They had every opportunity and reason to break it but no go.

" For me, shorts will be over for the time being if CL rips above 43.20 area. If forces beyond our control wants to defend 42- it does not matter what my patterns, context etc.. are telling me. I have to adjust. " Trade the Plan not candles etc.



NOTE: I will trade CLK5 contract from tomorrow.



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-2015-03-18_1433_dx.png  

Last edited by mfbreakout; March 18th, 2015 at 04:46 PM.
Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
  #747 (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, 15,224 received

Trading

What's next. What's in store for Thursday and Friday? I will have a better sense as to what Asian and European traders do during Globex session.

My hope is that CL runs another 200-300 ticks to the upside. It will be easier to find short location. Otherwise have to wait for pullbacks to try longs on Thursday.



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.
Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
  #748 (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, 15,224 received

Trading

OVX down, $ down = CL 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-2015-03-18_1458_ovx.png  
Reply With Quote
 
  #749 (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

Don't you guys think crude (and euro - WTF? ) is getting extremely overbought short term?

Reply With Quote
 
  #750 (permalink)
Trading for Fun
portland, OR
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation
Broker/Data: Optimus/Rithmic
Favorite Futures: CL
 
Posts: 50 since Nov 2009
Thanks: 5 given, 17 received



mfbreakout View Post
US $ over bought, CL over sold. FOMC minutes will either get CLOCK reset or over bought will become more over bought and oversold will become more oversold.

Nice call. That CL pop after the announcement was shocking. In an environment where oil supply / demand balance seems to dictate prices, why would the Fed no longer being 'Patient' affect the price so severely ? Short squeeze ?

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

Reply



futures.io > > > > The CL Crude-analysis Thread

« Seasonal Trades | - »
Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

An Afternoon with FIO member Massive l

Elite only
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

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 10:05 AM.

no new posts
Page generated 2017-01-20 in 0.14 seconds with 21 queries on phoenix via your IP 54.204.185.160