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


The CL Crude-analysis Thread
Updated: Views / Replies:156,939 / 1,973
Created: by tturner86 Attachments:503

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • 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.

-- Big Mike, Site Administrator

Reply
 503  
 
Thread Tools Search this Thread
 

The CL Crude-analysis Thread

  #821 (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, 104 received


Quoting 
Baker Hughes Rig Count: U.S. -21 to 1048 rigs

U.S. Rig Count is down 21 rigs from last week to 1048, with oil rigs down 12 to 813, gas rigs down 9 to 233, and miscellaneous rigs unchanged at 2.

U.S. Rig Count is down 761 rigs from last year at 1809, with oil rigs down 674, gas rigs down 85, and miscellaneous rigs down 2.

The U.S. Offshore rig count is 34, down 3 rigs from last week, and down 16 rigs year over year.

The report is also available on their website.

Reply With Quote
The following 2 users say Thank You to Alphachase for this post:
 
  #822 (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, 15,230 received

Trading

One day of bounce - even though it was massive- everyone forgot about as to what's been going on for over a year with Crude. They forgot about all the inventory reports which has been coming out every Wednesday with the same message every time- there is plenty of supply.

My premise has not changed for shorts and will not change till Crude gets really defended. Shorts and shorts since Thursday. Never once it crossed my mind to try longs except for scalps. Within a bearish trend " BIGGER THE BOUNCE- BIGGER THE POSITION SIZE" is the rule i go by.

It's lot easier to short at 52, 51 then at 44. But people get bullish above 50 and bearish below 44 (lol).



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 27th, 2015 at 03:31 PM.
Reply With Quote
The following 4 users say Thank You to mfbreakout for this post:
 
  #823 (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, 15,230 received

trading


Why would CL will hang in there all day at 49.50 area and then drop 150 ticks into close? They like to lull people into FALSE SENSE of security. Hi, CL got bought at 49.50 2 days ago, look how price stayed above it all day, there is a HVN etc. and then it all dissappears . We like to look at these made up things like MACRO traders gives shit about these things. This is the thinking i had when i tried long at 49.80 before the close thinking CL is going to 50.40 etc. Luckily i know what happens when you have Montly, Weekly and daily A downs , so i got out.


CORRECTION: First chart should read short 51.89 and cover 51.10 area



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-2015-03-27_1524_-1.png   The CL Crude-analysis Thread-2015-03-27_1527_-2.png   The CL Crude-analysis Thread-2015-03-27_1528_-3.png  

Last edited by mfbreakout; March 27th, 2015 at 03:52 PM.
Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
  #824 (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, 15,230 received

Trading

A picture is worth 1000 words.



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:
 
  #825 (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, 15,230 received

Trading

CL bounced hard during Asian session on Wednesday ( once in a year type of event) due to headline news of Saudia Arabia attack on Yemen and traders took out their PITCH FORKS, MEDIAN LINES, MARKET PROFILE, FIB, GANN, ELLIOT WAVES etc. and on and on and declared that their magical forecast TARGETS got hit.

It's another thing that hardly anyone one of them had a trade on. Saudia Arabia did not call me before the event but i knew what needs to happen at highs. If more and new headlines had came out of that region- CL would have continued on her upward path regardless of our neat little tools based projections.

Since there was no news it was time to take the AIR out of this move. Bottom line i did not short becuase i have some tool telling me that THIS is it, CL is not going higher. Since it was a fluid enviornment i used tight stop loss and got stopped out many time till i got the market by the BALLS.



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 2 users say Thank You to mfbreakout for this post:
 
  #826 (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, 15,230 received

Trading

Stop loss on rest of shorts 49.50 area and if and when 47.40 area gets broken , will add to shorts. Who knows we may get another headline news event and CL rips again. That will be the catalyst for a back up move and not due to some lines on a chart.

Anyone who was rubbing his hands that despite his analysis showing CL is going to $52 he missed the up move, well here is your chance, buy CL with both hands. I have no interest in longs here.

NOTE: Stop loss is just based off what i cn afford to give up from potential gains. I do not draw lines and say CL is going here or there. My feeling is if there is no news- CL should not bounce back 100 ticks if she wants to go lower.



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 27th, 2015 at 04:26 PM.
Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
  #827 (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, 15,230 received

Trading

A new sucker is born every minute. Turn $500 to $300,000. EX- Pipe fitter has discovered a hidden code (lol). I am booking next flight to Australia (lol).

" David Burton 1hr
File: BURTON1.mp3
Gann Teacher & Private Trader: Australia
Born: 1957 Years in the Market: 22
Method of Trading: Technical
David is not an intraday trader. Why should he be when
market moves can be predicted years in advance?
Born in New Zealand, David qualified as a fitter for the
New Zealand Electricity Board before moving to
Australia in 1978 to work on the mines. In 1983 he
briefly became a futures broker and at the same time
discovered the works of W.D.Gann, a market analyst
from the first half of the twentieth century. Since his
stint as a broker he has been privately trading his own
account. Having spent years studying Gann and
decoding its hidden meanings, Burton is able to predict
future market movements.
Using Gann techniques, he was able to, for example
predict the moves in Cotton in the mid 1990's, turning
$500 into $300,000 using traded options. David is not
someone who minces his words and answers to
questions are often direct, succinct and to the point.
A number of his basic approaches are revealed, as well
as clues to further research. For example, he has
discovered a hidden code in Gann’s book, Tunnel
Through the Air"



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:
 
  #828 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: CQG , IG Index
Favorite Futures: ES and DAX
 
Posts: 4 since Jan 2015
Thanks: 5 given, 2 received


mfbreakout View Post
A new sucker is born every minute. Turn $500 to $300,000. EX- Pipe fitter has discovered a hidden code (lol). I am booking next flight to Australia (lol).

" David Burton 1hr
File: BURTON1.mp3
Gann Teacher & Private Trader: Australia
Born: 1957 Years in the Market: 22
Method of Trading: Technical
David is not an intraday trader. Why should he be when
market moves can be predicted years in advance?
Born in New Zealand, David qualified as a fitter for the
New Zealand Electricity Board before moving to
Australia in 1978 to work on the mines. In 1983 he
briefly became a futures broker and at the same time
discovered the works of W.D.Gann, a market analyst
from the first half of the twentieth century. Since his
stint as a broker he has been privately trading his own
account. Having spent years studying Gann and
decoding its hidden meanings, Burton is able to predict
future market movements.
Using Gann techniques, he was able to, for example
predict the moves in Cotton in the mid 1990's, turning
$500 into $300,000 using traded options. David is not
someone who minces his words and answers to
questions are often direct, succinct and to the point.
A number of his basic approaches are revealed, as well
as clues to further research. For example, he has
discovered a hidden code in Gann’s book, Tunnel
Through the Air"

hahahaha Hidden Code !! Is that like the Holy Grail

Moves predicted Years In Advance , yeah right pull the other one !

Reply With Quote
 
  #829 (permalink)
Elite Member
Caracas/Distrito Capital/Venezuela
 
Futures Experience: Intermediate
Platform: NinjaTrader, Metatrader
Favorite Futures: CL
 
engel532's Avatar
 
Posts: 12 since Nov 2014
Thanks: 43 given, 10 received


mfbreakout View Post
Since there was no news it was time to take the AIR out of this move. Bottom line i did not short becuase i have some tool telling me that THIS is it, CL is not going higher. Since it was a fluid enviornment i used tight stop loss and got stopped out many time till i got the market by the BALLS.

Hi mfbreakout, I been learning very much with all your posts in this awesome thread, thanks is not enough. how tight are your stops loss? and how often tries to grab the market by the balls . do you use always the 6 trades rules?

thanks

Reply With Quote
The following user says Thank You to engel532 for this post:
 
  #830 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,616 since Jul 2011
Thanks: 756 given, 4,492 received
Forum Reputation: Legendary



SMCJB-Jan 27th
After production hit 9.1 million bpd in late 2014, the agency (EIA) now expects production to climb to 9.42 million bpd around the middle of this year, then ebb to 9.26 million bpd at year's end.

The US hit 9.42 last week. Well ahead of the EIA prediction of the middle of the year.


Last edited by ron99; March 28th, 2015 at 04:06 PM.
Reply With Quote

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

July Journal Challenge w/$1100 in prizes from TopstepTrader

July

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

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 02:39 AM
CL Crude-nalysis indextrader7 Commodities Futures Trading 227 November 4th, 2014 11:47 PM
Why crude oil (CL) trades mostly 1 contract? fyd49 Commodities Futures Trading 8 May 22nd, 2014 03:27 PM
Miscellaneous Statistical Analysis (the big thread) trendisyourfriend The Elite Circle 29 July 15th, 2013 12:51 PM
Big move on crude analysis josh Commodities Futures Trading 4 March 11th, 2011 09:07 AM


All times are GMT -4. The time now is 11:45 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@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 2017-06-29 in 0.09 seconds with 19 queries on phoenix via your IP 54.162.76.55