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

  #141 (permalink)
Just starting out...
Trading Experience: Advanced
Platform: Sierra Charts
Broker/Data: IB
Favorite Futures: CL
solfest's Avatar
Posts: 7 since Sep 2009
Thanks: 6 given, 5 received

Kirk I use 8, 34, 89, and 233 EMAs. Fib numbers.

The 89 and 233 are there to give me a rough estimation of trend on longer time frames. <solfest hears big mike growling, well then just look at multiple time frames stupid>

I do look at the daily and 60 min at the start of the day and keep the 15 min open throughout the day. That said I prefer to concentrate on one chart.

The slope indicator on the 8 EMA is a sierra built indicator.

As far as levels and slope, those are proprietary.

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  #142 (permalink)
Elite Member
Arcata, CA
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: index futures, oil
Saroj's Avatar
Posts: 482 since Jun 2009
Thanks: 223 given, 400 received

Kirk, I posted a slope formula in Programmer's Paradise here:

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  #143 (permalink)
Elite Member
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
Ausy Mick's Avatar
Posts: 69 since Jun 2009
Thanks: 45 given, 64 received

Template from post #77

Hi Jeff.

Here are the templates. I use the CL Range template on the 4 range chart, and the "Cobra" template on a 6range chart ( all squished ). On the 6 range chart you can use any DMA paint or hull indicator (something smooth to give you a general trend direction) P.S I left out the black diamond alert...

Hope this helps



Attached Files
Register to download File Type: xml CL Cobra .xml (8.4 KB, 82 views)
Register to download File Type: xml CL Range .xml (14.5 KB, 78 views)
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  #144 (permalink)
Market Wizard
Trading Experience: Intermediate
Platform: ninja
Favorite Futures: ES
cory's Avatar
Posts: 5,836 since Jun 2009
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Forum Reputation: Legendary

if you use trailing stop then you don't know where the exit is, let market tell you instead.

sefstrat View Post
In one of his books, Joe Ross says something to the effect of: 'If you don't know where the exit is, you have no business placing a trade.'

Wise words from a very experienced trader

  #145 (permalink)
Trade with the flow
Paris, France
Trading Experience: Advanced
Platform: Market Delta & Ninjatrader
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cunparis's Avatar
Posts: 2,565 since Jun 2009
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cory View Post
if you use trailing stop then you don't know where the exit is, let market tell you instead.

I see it differently, if you use trailing stop you ALWAYS know where it is.

Trailing doesn't have to be done tick per tick. You can trail it below the last swing pivot. Or above/below the last low/high. lots of choices.

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  #146 (permalink)
Site Administrator
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 46,926 since Jun 2009
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