Big move on crude analysis - Commodities Futures Trading | futures io social day trading
futures io futures trading


Big move on crude analysis
Updated: Views / Replies:1,855 / 4
Created: by josh Attachments:2

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
 
Thread Tools Search this Thread
 

Big move on crude analysis

  #1 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received

Big move on crude analysis

Hi all, looking for some analysis of this big move up on crude, specifically, from a real-time trading perspective, what is the best way in your opinion to trade this? Wait for breakout and retest? Enter on a limit?

I entered on a limit and got stopped out by 10 ticks before the 250 tick move up--now that was frustrating! See the video and would love some feedback on this. Basically, how did you play this, and at what moment were you convinced that the move was "for real"?


Reply With Quote
The following 2 users say Thank You to josh for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received


Here's what I was looking at (QM) with Kase bars....I could never find a tick chart that worked reliably with oil, some success w /5m and 15m but, Kase is the way to go. My advice would be not to reason why...but trade what you see. Focus on P/A and not blindly enter and cross your fingers.
Find a chart that gives you reliable signals (and KNOW how to read them) and focus on p/a at areas that are likely to see a turn around. As far as knowing how big a move will be...you can't ...that's why you have to manage trades, some are homeruns and some are not. P.S. I am assuming you know what a pinbar is and/or basic reversal candles look like so you know what I've shown with this chart.
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to kbit for this post:
 
  #4 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,897 since Jan 2011
Thanks: 5,143 given, 11,242 received

Thanks kbit.

Actually as I mentioned the low around .60, forming the reversal bar, I just missed with a limit order at .55, as I looked far left and , and again I just missed the later move as I was stopped out -10 ticks. I don't feel the type of bar is an issue as I use minute bars and tick bars, I don't like range/kase bars very much in general. I feel they are very poor at showing me personally what price actually did at a level (not very good tails on candles, not too accurate in showing where buyers and sellers actually came in). Just curious, why do you use kase bars and not range bars?

I'm not talking about PA in general--I'm talking about the strength of this move--of course we don't know ahead of time how strong a move will be, but let's analyze this market before and find out any factors that may have contributed to the strong move up. Was it because we had such a strong decline down earlier? Did a spike in volume at some point lead anyone to believe that we might rocket up? Was that last little dip down (at 1:20pm) just a stop run, or was there some supply/demand -based reason why? Just looking to learn from today's action.

Attached Thumbnails
Big move on crude analysis-clbigmove.png  
Reply With Quote
 
  #5 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

The Saudi Arabian police started shooting at protesters ......news event. That's why it spiked up

Reply With Quote

Reply



futures io > > > > Big move on crude analysis

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Miscellaneous Statistical Analysis (the big thread) trendisyourfriend The Elite Circle 29 July 15th, 2013 01:51 PM
The Secret Genius Move Behind Today's Big Oil Release kbit News and Current Events 0 June 23rd, 2011 06:43 PM
Big Mike's CL (crude oil) journal Big Mike Trading Journals 60 May 25th, 2011 07:45 PM
Crude margins are going up kbit News and Current Events 1 May 10th, 2011 12:30 AM
Blackstone Makes Big Move into Chinese Housing Quick Summary News and Current Events 0 August 23rd, 2010 08:30 AM


All times are GMT -4. The time now is 04:24 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 2017-12-14 in 0.11 seconds with 20 queries on phoenix via your IP 54.91.38.173