Hello,

I think the importance relies on the "price action".. i mean,,,if i see the market is rejecting one of this levels (5 min OR) then the market is giving it the relevance probably the big boys arenīt basing anything off of it...but the market is noting the levels...if you see the past three to four days,...the 30 min OR share the price with the 5 min OR...coincidence...???... so at this point i would ask ...which or what the big boys look at...if they look at OR...it seems they do...but i donīt know it...i just want to trade the price...and what the market is telling me... it could be the 5, 30 Min OR...the One hour Opening range...donīt know...i use this 3 ORīs....and i trade the market rejection on this levels...so at the end..i will trade what the market is giving relevance...no matter which OR is....


JD...

rwh03001 

Hi JD, I understand that you use a 5 minute opening range because you deal in small time-frame bars/trading, but my initial guess would be that the 5 minute opening range wouldn't really be indicative of anything that you could use to forecast the day's trend. Obviously it works for you. What do you think it is that makes the 5 min OR significant when the big boys probably aren't basing anything off of it?

GM all.

Well today...will be a good day....

i would like to start my day with thought i read "One of the marks of excellent people is that they never compare themselves with others. They only compare themselves with themselves and with their past accomplishments and future potential." – Brian Tracy


Today we have Crude Oil Inventories and as always the market likes to play before the news release...so we need to keep the eyes wide open...

Price has reached the balance line 95.93 From yesterday.. it managed to break it...but it is under this level now...

We have an INSIDE DAY so far...

iīll wait for market open to draw my levels...ORīs .


JD

well First Trade of the day a quick 12 Tick trade...

now i will wait the news release...

JD...

JDNeeman 

GM all. Well today...will be a good day.... i would like to start my day with thought i read "One of the marks of excellent people is that they never compare themselves with others. They only compare themselves with themselves and with their past accomplishments and future potential." – Brian Tracy Today we have Crude Oil Inventories and as always the market likes to play before the news release...so we need to keep the eyes wide open... Price has reached the balance line 95.93 From yesterday.. it managed to break it...but it is under this level now... We have an INSIDE DAY so far... iīll wait for market open to draw my levels...ORīs . JD

I see a possible short trade developing---


JD

Price is approaching the 5 min 61.8% level, watch this out, as it could break it and the news hit the wire!!!

JD.

JDNeeman 

I see a possible short trade developing--- JD

Interesting Move!!!:...

I closed my 3rd trade of the day...

positive...

JD

Ok.. Crude seems a bit undecided...normally if price goes UP before News release ..it is the possibility that the number will come negative and price could fall...(not always)---

but my bias are short...i expect the market correct me...

JD-

JDNeeman 

Price is approaching the 5 min 61.8% level, watch this out, as it could break it and the news hit the wire!!! JD.

Has anyone here trade options on crude oil

well, at least not me...

Cheers.

JD

Selim 

Has anyone here trade options on crude oil

Selim 

Has anyone here trade options on crude oil

they trade options over on this forum listed here

Selling Options on Futures? With Tradestation, you cannot do spread trades on the main platform (unless you leg them in). You also cannot access the exchange spread quotes via the main platform (meaning, you can backtest them, chart them, etc.). Every time I ask, Tradestation …

Hello and GM all---

Letīs wrap up this week with more ticks!!!...

ok i have attached an image with analysis on where could the price go today..

Cheers.


JD