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


The CL Crude-analysis Thread
Started: by tturner86 Views / Replies:131,257 / 1,813
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

  #871 (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

API


mfbreakout View Post
So courge to put on 2 cars was the correct call. Out 48.21. Did not add to shorts as i was looking for a FLUSH up to add to he shorts like the one we had yesterday into the close. I am already short enough cars with average price of 48.90.

I will hit flat tab on my shorts if after API report CL gets above 48.30 area or before API report and look at things from fresh perspective. every trader is PRONE to gettng married to one position/bias and then getting taken to the cleaners.

Why 48.30 area? i do not want to give up all the gains on shorts from 48.90 area. I have given enpough time to shorts. There may be something lurking out there ( Iran deal etc). One can always put a new trade on.


No downside reaction to API news. Took 3/4 of shorts out around 47.70. Will keep shorting bounces till proven wrong.



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
 
  #872 (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
No downside reaction to API news. Took 3/4 of shorts out around 47.70. Will keep shorting bounces till proven wrong.

API numbers not in play. Looks like Iran deal news is coming out 6 pm eastern time today.



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:
 
  #873 (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
API numbers not in play. Looks like Iran deal news is coming out 6 pm eastern time today.

and Drama continues.

" LAUSANNE, Switzerland (AP)

Nuclear talks between Iran and six world powers have entered into overtime, after negotiators decided to ignore a midnight Tuesday deadline and give more time to efforts to reach agreement.

Negotiations were continuing into Wednesday morning, local time. U.S. State Department spokeswoman Marie Harf says the extension was justified although "several difficult issues" still needed to be bridged.

The sides hope to reach a preliminary understanding that will allow them to enter a new phase of negotiations aiming at a final deal by June.

The U.S and its negotiating partners want to curb Iranian nuclear programs that could be used to make weapons. Iran denies such aims but is negotiating for an end to sanctions."



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
 
  #874 (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

" No downside reaction to API news. Took 3/4 of shorts out around 47.70. Will keep shorting bounces till proven wrong."

Damn CL at 47.18. The moment FEAR of loosing ones potential gains enters a traders mind, a traders gets shaken out. That's what happened when CL bounced from 47.30 to 47.70 after API news. I am glad i kpet some shorts on.

What a bloke like you trading CL?




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; April 1st, 2015 at 04:50 AM.
Reply With Quote
 
  #875 (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

Which products do you trade?

 
" I will hit flat tab on my shorts if after API report CL gets above 48.30 area or before API report and look at things from fresh perspective. Every trader is PRONE to gettng married to one position/bias and then getting taken to the cleaners."


Still short as my Globex stop loss above 48.30 did not get hit. However, i did cover some more around 47.18. There are ONLY 3 ways to manage risk;

1) If you have leverage in your portfolio, deleverage.

2) Buy Insurance.

3) Diversify.

I mostly rely on option#1. Still looking to add to shorts in " Short account".



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:
 
  #876 (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

Out of shorts 47.80. Flat ahead of DOE drama. It's tough to find a STOP LOSS location. CL can spike 60 ticks or spike down before resuming whatever she needs to do. I hope she does not get stuck in a tight range waiting for IRAN deal news.



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; April 1st, 2015 at 11:18 AM.
Reply With Quote
The following user says Thank You to mfbreakout for this post:
 
  #877 (permalink)
Trading Apprentice
Washington dc, usa
 
Futures Experience: Beginner
Platform: charts
Favorite Futures: crude, forex
 
Posts: 3 since Mar 2015
Thanks: 0 given, 0 received

Hello Friends

Hi My name is Paul...I was wondering if they are any crude oil traders in Washington DC area for meeting up?

Reply With Quote
 
  #878 (permalink)
Elite Member
In the heat
 
Futures Experience: None
Platform: NT
Favorite Futures: Energy
 
PandaWarrior's Avatar
 
Posts: 3,154 since Mar 2010
Thanks: 6,306 given, 13,207 received

I too was flat for inventory. However, this is what I saw today. Lots of stops at this level for both longer term traders as well as day traders.

I did not trade this as I could not find a good stop location prior to the number but for those with very deep pockets or compulsive gamblers, this was a fair bet.

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:
 
  #879 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,636 since Dec 2013
Thanks: 1,434 given, 2,459 received

Still very quiet here.

Looking at the 3 month spreads...
May-Aug KQ trading -394 which is -131 per spread
Aug-Nov QX trading -217 which is -72 per spread
Nov-Feb6 XG trading -174 which is -58 per spread
Feb6-May6 GK trading -128 which is -43 per spread
May6-Aug6 KQ trading -92 which is -31 per spread

So the Butterflys are worth
May-Aug-Nov KQX -177
Aug-Nov-Feb QXG -43
Nov-Feb-May XGK -46
Feb-May-Aug GKQ -36

QXG @ -43 looks high....

Reply With Quote
 
  #880 (permalink)
Elite Member
wa/ usa
 
Futures Experience: Intermediate
Platform: schwab, metatrader, OEC,T4,TDameritrade
Favorite Futures: CL ES 6C 6E
 
Posts: 254 since Oct 2012
Thanks: 197 given, 436 received


4915-4900 needs to be taken out with some force today. Nice short area for turn back to 4850.

Reply With Quote
The following user says Thank You to garyboy275 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 09:17 AM.

no new posts
Page generated 2017-01-19 in 0.13 seconds with 21 queries on phoenix via your IP 54.211.179.232