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Trading CL (Crude Oil Futures)
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Trading CL (Crude Oil Futures)

  #131 (permalink)
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Learning to manage trades better is one of my primary goals. I'm considering scaling out at statistically defined take profit areas but the conflict is that I often see moves (after the fact, of course) where holding a position until the trend changes or adding positions to a move rather than scaling out seems to be logical as well. I think what's already been shared about tracking MFE and MAE is excellent and look forward to participating in a thread about trade management and exits.

 
  #132 (permalink)
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cunparis View Post
Thanks in advance for any and all feedback.

Thanks for the screenies! The one thing I noticed, is your making $48.30 average on winners and losing $72.95 on losers. To me, that's a one way road to blow out.

I realize one could pull it off if you could win 80-85% of the time, but if you ask me, this method couldn't do that.

I'd be interested to see what percentage of winners tzachi has had over the last 6 months or so. Thanks again for the charts!


Last edited by Jugador; August 24th, 2009 at 11:52 AM.
 
  #133 (permalink)
Trade with the flow
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Jugador View Post
Thanks for the screenies! The one thing I noticed, is your making $48.30 average on winners and losing $72.95 on losers. To me, that's a one way road to blow out.

I realize one could pull it off if you could win 80-85% of the time, but if you ask me, this method couldn't do that.

I'd be interested to see what percentage of winners tzachi has had over the last 6 months or so. Thanks again for the charts!

I got stopped out 3 times already today and quit for the day. I have come to the same conclusion. But I will point out that you can't judge the system by one person's attempt to trade it on one day. On another day someone could do even better. But having 10-14 pt stop is too big for me. I'm not saying it won't work but it doesn't correspond to my preferences.

I think I'm going to stick to what I'm doing on ES. That's the other thing, CL 4 range goes so fast that it takes time away from ES and my ES trading was suffering as a result. I was hoping to fill the void with a little scalping strategy but I think I'll focus on my mechanical systems while in-between trades.

I'll keep following the thread though, I hope others can post their experience and maybe refine the system.

 
  #134 (permalink)
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Hi cunparis,

Where I can download the stoch k alert indicator. I like your version. you have the background ping color and green color stays. Version I am using is different. Can you point me to the exact version you are using. Thank you

 
  #135 (permalink)
Trade with the flow
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milford View Post
Hi cunparis,

Where I can download the stoch k alert indicator. I like your version. you have the background ping color and green color stays. Version I am using is different. Can you point me to the exact version you are using. Thank you

It was previously posted in this thread, I think by max. I just changed the colors to match the colors I use on the stepma. I set overbought and oversold to 50 so that it's either oversold or overbought, which I only use for the colors.

 
  #136 (permalink)
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I have been looking for a forum discussing day trading oil for a long time. My charting platform attached.

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Trading CL (Crude Oil Futures)-1251933601_95_uploadimage.png  

Last edited by solfest; September 2nd, 2009 at 08:26 PM.
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  #137 (permalink)
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Hi Solfest. Thanks for the chart. Some explanation would be nice. 3min chart on the CL is something I would struggle with.

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  #138 (permalink)
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solfest View Post
I have been looking for a forum discussing day trading oil for a long time. My charting platform attached.



I look forward to some more CL discussion and new points of view. There are many CL traders here.

Mike

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  #139 (permalink)
Just starting out...
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2 Minute CL


vast View Post
Hi Solfest. Thanks for the chart. Some explanation would be nice. 3min chart on the CL is something I would struggle with.

Vast, I use a 2 min chart for CL. The 3 Min CL you see on my chart is the name of the study. I didn't realize that was on there. I used to use a 3 min and 1 min chart but eventually changed to just a 2 min chart. I never changed the name of the study.

I use time bars as I use the ATR in my system. ATR needs a consistent time to work effectively. I need a minimum amount of range on the ATR and a minimum level on the ADX, price on the trade side of the EMAs, and the short EMA has to have a minimum amount of slope and be on the trade side of the other 3 EMAs.

With that in place I want a break of the previous bars swing high/low for an entry. Subsequent entries require a return of price to the short EMA with all other factors still in place.

I have traded range bars and renko bars in the past and had some success with them. I found the addition of time (min bars) to the equation helped me stay out of some false moves.

Of course it also puts me in late to some great moves, however with crude oil if the move is real there are usually several entry opportunities.

I use a fixed stop and target with a 3 to 1 reward to risk ratio, and move my stop to break even after a 1R move in my direction.

I have and still do trade the TF and soybeans but have found the most success over the past 2 years with crude oil.

How do you trade CL?

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  #140 (permalink)
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solfest View Post
Vast, I use a 2 min chart for CL. The 3 Min CL you see on my chart is the name of the study. I didn't realize that was on there. I used to use a 3 min and 1 min chart but eventually changed to just a 2 min chart. I never changed the name of the study.

I use time bars as I use the ATR in my system. ATR needs a consistent time to work effectively. I need a minimum amount of range on the ATR and a minimum level on the ADX, price on the trade side of the EMAs, and the short EMA has to have a minimum amount of slope and be on the trade side of the other 3 EMAs.

With that in place I want a break of the previous bars swing high/low for an entry. Subsequent entries require a return of price to the short EMA with all other factors still in place.

I have traded range bars and renko bars in the past and had some success with them. I found the addition of time (min bars) to the equation helped me stay out of some false moves.

Of course it also puts me in late to some great moves, however with crude oil if the move is real there are usually several entry opportunities.

I use a fixed stop and target with a 3 to 1 reward to risk ratio, and move my stop to break even after a 1R move in my direction.

I have and still do trade the TF and soybeans but have found the most success over the past 2 years with crude oil.

How do you trade CL?

Hello solfest,
Thanks for sharing.
What have you found works well for the periods of the 3 EMAs for Crude Oil?

What indicator do you use for the slope and what min value do you look at?

Kirk

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