NexusFi: Find Your Edge


Home Menu

 





Crude Oil trading


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one JDNeeman with 337 posts (693 thanks)
    2. looks_two sandptrader with 59 posts (45 thanks)
    3. looks_3 hector24 with 9 posts (3 thanks)
    4. looks_4 EugeneN with 8 posts (0 thanks)
      Best Posters
    1. looks_one JDNeeman with 2.1 thanks per post
    2. looks_two trs3042 with 1.3 thanks per post
    3. looks_3 shopster with 0.9 thanks per post
    4. looks_4 sandptrader with 0.8 thanks per post
    1. trending_up 130,114 views
    2. thumb_up 801 thanks given
    3. group 99 followers
    1. forum 528 posts
    2. attach_file 468 attachments




 
Search this Thread

Crude Oil trading

  #31 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Hello,

My first Trade is complete in the Russell, it was a very good trade, i starting to get familiarized with this vehicle, it is very very good to trade, range bound market, and likes to RUN!!!!....i took my 20 ticks, but easily could have taken 50 ticks....anyway i leave here the analysis...in the attached image.


Greetings,...

Attached Thumbnails
Click image for larger version

Name:	TF 09-12 (10 Range)  28_06_2012 First Trade.jpg
Views:	414
Size:	177.8 KB
ID:	79379  
Visit my NexusFi Trade Journal Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
Better Renko Gaps
The Elite Circle
Futures True Range Report
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Are there any eval firms that allow you to sink to your …
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #32 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Hello all, i have my chart ready, finish my morning prep, there are mixed sentiment in the markets, been friday i think there will be high volatility, with a good risk management lots of ticks could be made.
I see triple top in the crude but looking at momentum price could try to break the PHOD and test new highs.

See image attached,

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_29_2012 Morning Prep.jpg
Views:	328
Size:	294.1 KB
ID:	79508  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #33 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012


Hello, I would like to share with you a fellow trader analysis about the current market.



"The euro currency futures are trading above the PHOD so we’re bullish on the Euro, but just like the other markets we’re wondering if the big jump on the news overnight is still strong enough to keep going higher. We’re already seeing the highs start to form on these markets, and if the dollar index moves off the lows we will see EVERYTHING including the euro start to tumble"

The euro and the dollar index have the strongest correlation, along with other currency futures contracts, so beware the dollar index is going to be the one to move this euro today, or it may not, we shall see soon. We can see an easy spot to sell short at the highs of the bull price channel and the trigger-zone resistance at 2685 and 2775.

The gold futures market is also moving higher this morning with the dollar index dropping. Clearly there is fear in these markets or else the gold futures would not be moving higher on supposedly bullish news from Europe. Why would gold futures be rising? Fear! Sell these highs on gold this morning and remember the line in the sand on the dollar index is 81.685 and that will mean a rising dollar index off the lows will give us falling prices on the markets we trade.

Attached Thumbnails
Click image for larger version

Name:	6E 55 1.jpg
Views:	330
Size:	237.9 KB
ID:	79535   Click image for larger version

Name:	CL 55 1.jpg
Views:	327
Size:	263.8 KB
ID:	79536   Click image for larger version

Name:	DX 21 1.jpg
Views:	311
Size:	239.5 KB
ID:	79537   Click image for larger version

Name:	GC 55 1.jpg
Views:	296
Size:	239.5 KB
ID:	79538  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #34 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Price On crude seems to be waiting for an excuse to go lower, price are at extremes, momentum overbought.
Expect Rotation.

See attached image.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_29_2012 Major.jpg
Views:	323
Size:	279.8 KB
ID:	79783  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #35 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Hello,

i just closed my first trade of the month, in a slow market, i went for 10 Ticks but got some slippage and got 9 ticks, but it´s ok, price broke a minor resistance, and held the base, so i decided to go long and ended well.

See image attached, the trade was in 5 range chart. (not my usual chart but in slow markets this works great!)

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (5 Range)  7_1_2012 FIRST TRADE JULY +9.jpg
Views:	280
Size:	219.7 KB
ID:	79790  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #36 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Markets are really choppy now, need a catalyst to move it...
i´m just sit on hands!.


Cheers.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #37 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Took some trades, but trade in choppy markets is not really the best, i have taken 3 trades, 1 loss 2 win, for a daily profit of +11 Ticks, the First trade it was a really not a good decision, market was short bias, and took a long in the "Middle" i really forgot "Don´t fiddle with the middle".

But i´m positive now in my account... it is interesting how the market is reacting and i think "they" have something ready to announce or some news that will spark the market somewhere...

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  02_07_2012 Trades.jpg
Views:	291
Size:	183.1 KB
ID:	79888   Click image for larger version

Name:	CL 08-12 (10 Range)  02_07_2012.jpg
Views:	278
Size:	187.5 KB
ID:	79889  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #38 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Today, my lesson is: when choppy markets dominate, stay away, of course when you are a master you can trade any situation... but i´m not yet a master....so i stay away...

ended the day, +11 Ticks.... good?? bad?? at least my account is $110 plus and not minus!!!...

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  02_07_2012 NOTE.jpg
Views:	256
Size:	176.1 KB
ID:	79896   Click image for larger version

Name:	CL 08-12 (10 Range)  02_07_2012.jpg
Views:	253
Size:	187.5 KB
ID:	79897  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #39 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012

Well, after a relaxing day, it is time to make money!!!,

After a day off today will be exactly as a Monday!, market slow at early hours, and looking for fuel!!, dont forget today release the **Crude Oil Inventories** at 11 EDT, and we have news from Norway Oil,


- Norway oil industry group commented that Norway to lock out 6.5k workers from July 10th- Statoil prepares to shut down Norwegian shelf output and saw lost revenues from production halt at approx NOK520M/day- Norway Labor Ministry stated that the oil lockout was legal, decline to say if govt will intervene

This pushed the OIl prices Up,

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_5_2012.jpg
Views:	244
Size:	238.0 KB
ID:	80216  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #40 (permalink)
 
JDNeeman's Avatar
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
Posts: 522 since Apr 2012


i Just closed my 3rd trade today, so far i´m +35 ticks, and i just will wait for Crude Oil inventories trade..The employment went well this helped the CL price go down a bit, to reach my target (Open).

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_5_2012 Today Trades.jpg
Views:	299
Size:	238.5 KB
ID:	80222   Click image for larger version

Name:	Today Trades.jpg
Views:	280
Size:	506.8 KB
ID:	80223  
Visit my NexusFi Trade Journal Started this thread Reply With Quote




Last Updated on June 18, 2022


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts