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Los Angeles, California
Posts: 24 since Mar 2017
Thanks Given: 4
Thanks Received: 8
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Hey traders. I haven't been active on the forum lately, although I've been searching for different approaches to trading Crude Oil. I had a very profitable 2017 trading crude oil. I have tax records to prove it. I will say that I was lucky enough to be mostly long crude oil with swing and intraday positions back near $45 during summer of 2017.
When things started to get choppy, that's when I started running into trouble. I trade discretionary only for now and trade mostly by feel and classic support/resistance. I have 8/10 ema on my charts as well as macd. Those 2 indicators give me the trigger signals. I use multiple timeframes and like when the short time frames align with the higher. 15, 30 min aligns with 1hr/4hr. I started using pivot points and weekly/monthly vwap in the past several months as levels to be aware of.
Is there anywhere on the forum where we could strictly talk strategy? New traders shouldn't be system hopping, but there's always room for improvement, and little changes that could turn on the lightbulb, if anyone's experienced this. I'm not interested much in forecasting where price will be, and such opinions including opec and Syria. Just technical.
Entries, Exits, and risk management.
I run my own account and am also trading at a small fund. They haven't asked much about strategy, but their risk management is 0.5% per trade and 1% total daily stop loss.
Very glad that there's much information online, and I'm sure there are many bright minds here willing to share.
Thanks everyone
Steve
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