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Trading CL (Crude Oil futures) #2
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Trading CL (Crude Oil futures) #2

  #11 (permalink)
Just starting out...
Alberta
 
Futures Experience: Advanced
Platform: Sierra Charts
Broker/Data: IB
Favorite Futures: CL
 
solfest's Avatar
 
Posts: 7 since Sep 2009
Thanks: 6 given, 5 received

Two trades for me today, first hit target (40 ticks) and the second was a be. I moved to be ahead of schedule as price in the trade went positive 3 times and then dropped under my entry, that plus I was into the second yellow bar so i moved to be + 1. Slipped to be - 1 on the fill.

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Trading CL (Crude Oil futures) #2-1252952329_50_uploadimage.png   Trading CL (Crude Oil futures) #2-1252952347_92_uploadimage.png  
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  #12 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

Hey guys I'm going to try to post some CL trades. I figure if I know I'm going to post them then maybe I'll stick to my system and not do anything stupid. Yesterday I fell off my horse and things got ugly. So I'm riding safe today.

Today is my 3rd week trading CL without indicators. After 2 weeks on sim I'm now trading with real money. 1 contract.

I'm currently experimenting with:

- how tight do I want to keep my stops. Currently they're more than 20 ticks away but if I see bad price action I'm out.

- how to take profits. currently 30 tick profit target. As soon as I'm consistent then I will add a second contract to be my runner. Consistency first!

Let me know if you have any comments on these issues and/or my trades. If you have any questions just ask.


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PS: I'm never going back to indicators!!!

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  #13 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received



solfest View Post
Two trades for me today, first hit target (40 ticks) and the second was a be. I moved to be ahead of schedule as price in the trade went positive 3 times and then dropped under my entry, that plus I was into the second yellow bar so i moved to be + 1. Slipped to be - 1 on the fill.

Sorry I missed your post the other day. Good job on your trades. 40 tick target is oustanding. I figure one of those a day and I'm all set!

Can you elaborate on your entry criteria?

Thanks for sharing.

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  #14 (permalink)
Just starting out...
Alberta
 
Futures Experience: Advanced
Platform: Sierra Charts
Broker/Data: IB
Favorite Futures: CL
 
solfest's Avatar
 
Posts: 7 since Sep 2009
Thanks: 6 given, 5 received

The bars turn blue when the ADX and ATR hit certain levels with price on the trade side of all the EMAs and the 8 EMA on the trade side of the other EMAs. I then look for a break of the previous bars high/low for the entry.

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  #15 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received

My first 4 trades. Finished $63. Not that great so I'm looking for comments and suggestions. Thank you.

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  #16 (permalink)
Just starting out...
Alberta
 
Futures Experience: Advanced
Platform: Sierra Charts
Broker/Data: IB
Favorite Futures: CL
 
solfest's Avatar
 
Posts: 7 since Sep 2009
Thanks: 6 given, 5 received

That's pretty good for a day like today.

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  #17 (permalink)
CL Assassin
Near Dallas, Texas, US
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: ZenFire
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Gary's Avatar
 
Posts: 1,070 since Jun 2009
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Everyone,

I have created a thread pertaining to a certain setup I am trading on the CL. You can view it here:
https://futures.io/journals-daily-charts/796-garys-cl-method.html

Gary

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  #18 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
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Starting the week off with a quick $300 from a head & shoulder pattern.

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  #19 (permalink)
Elite Member
Brisbane , Australia
 
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Hey cunparis, how many markets are you trading? Do you have a few screens up and look for set ups or pick one market for the day and thats all you trade

Adam

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  #20 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,563 since Jun 2009
Thanks: 1,157 given, 2,030 received



crez View Post
Hey cunparis, how many markets are you trading? Do you have a few screens up and look for set ups or pick one market for the day and thats all you trade

Adam

Good question Adam. I'm trading:

- CL
- 6E (Euro)
- ES
- ZN

all with the same exact chart, same setups except for ES I'm a bit more aggressive entering on failed breakouts (reversals).

If a setup is looking really good I take it on my real account. If it is questionable I take it on sim. I find this keeps me from doing stupid things with my real account. The sim gives me my "fix" for risky action. If it's really bad I sit aside.

I actually entered on all 4 markets at the same time. all positive but ES which is pulling back and in hindsight I should have reversed on ES and went long. BTW ZN is negatively correllated with the others so if I go short on the others I'm long on ZN. I find it's good to trade all 4 because it gives me a good view of the market. Often one will lead, usually CL or 6E and even if I miss it I can take a trade on the others.

Hope that helps.

Heck here's a screen capture of my desktop, that should explain it.

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