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Crude Oil trading

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  #91 (permalink)
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 503 since Jan 2011
Thanks: 14 given, 234 received


JDNeeman View Post
Hello Hector,

I really appreciate your words, i think the more i share the more i learn, the more a reaffirm in my head my strategy and the patterns that work in this game!!!...

I try to keep my charts easy and with the tools that work and help you make money, most traders think that having a lot of indicator will help the performance of the trades, i think is more about to have the right tools that let you know where to entry and the correct tools that let you know when to exit, and that is a successful way to trade.

Now, regarding my trading, i have divided my charts in three important components.

1. PRICE ACTION

For this i use trends, wedges, Value Areas, channels, Previous day High and Low,

About the Value Areas, i have the indicator on a 30 min chart and i draw lines over the Value Area High (VAH) and Value Area Low (VAL) i have all lines drawn set to "Show in all Charts" this way i can transfer the lines from the 30 min chart to my range charts, after the trading day (After market close) I Manually erase all objects, (Right click, Drawing Tools, Remove Drawing Objects) and draw new value lines, this help me with the Prep for next day trading.

2. DIVERGENCE

I think Divergence is the most powerful tool i this game, because lets you know when the market is trying to "fool traders" and you can adjust accordingly, for this is use an indicator that let me find high percentage divergence, i use this indicator to find divergence between price and volume (VOL) why volume? because the relationship between price and volume is far more related than Stochastics, RSI or MACD, some say "Volume is the key to the markets" i agree combined with other tools is just powerful.

How do i trade Divergence?

First of all, i trade ONLY the divergence that support the major trend, i mean if the price is under the EMA 150, i have a falling price channel, i will trade Most of the time only divergence signals that go with the trend, this is basic, to be successful trading divergence. so my indicator gives me a sell signal, i check the overall trend to take trade and check also the momentum..and this leads us to my third point.

3. MOMENTUM

Momentum is the final part of my trading strategy and this is the trigger to go short or long in this markets, Why?
depending on Momentum your trade will reach your targets faster or by the contrary will take time or will reach your stop loss and take you out, for this i use Stochastic indicator with the settings of 3,9,3 this for the 10 and 5 range charts, it gives faster signals, i sell ONLY when the stochastic line is coming back from the highs and crosses down the 80 level, and to the buy when cross the 20 line from below, now combining this three things gives me and edge to overcome this game, it is simple but profitable!

Greetings.

Thanks JD, your very nice. I appreciate you explaining your trading methology. I know it is helping me and others that are trying to be profitable. I am still trying to grasp your set up for the divergence indicator. For the inputs do you put in your stochastic then go to to the next window and put in volume for your input during the same process. Just can't seem to follow the settings. Or do you simply put in the divergence indicator and put in volume for the input. If this is the case what shows you that you have a divergence, the arrows? Just want to make sure I am doing things correctly.

Also is your stochastic set at 3,9,3 and which line are you using. It seems to be just one line.

Thanks
Hector

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  #92 (permalink)
Australia
 
Experience: Intermediate
Platform: ninjatrader
Trading: fdax , ES,6E,CL
 
Posts: 36 since Jan 2010
Thanks: 61 given, 28 received


hector24 View Post
Thanks JD, your very nice. I appreciate you explaining your trading methology. I know it is helping me and others that are trying to be profitable. I am still trying to grasp your set up for the divergence indicator. For the inputs do you put in your stochastic then go to to the next window and put in volume for your input during the same process. Just can't seem to follow the settings. Or do you simply put in the divergence indicator and put in volume for the input. If this is the case what shows you that you have a divergence, the arrows? Just want to make sure I am doing things correctly.

Also is your stochastic set at 3,9,3 and which line are you using. It seems to be just one line.

Thanks
Hector

The reply to Hector is excellent - thanks fromthe rest of us looking in
Don Laing

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


Hello Hector,

Regarding the Divergence indicator, i simply put in the divergence indicator and set volume in the imput series, and the arrows show me the divergence signals, i dont need to have volume in the chart just the arrows that show me the divergence signals,

In the stochastic i just use the K line. with 3,9,3 settings.

Cheers.

JD





hector24 View Post
Thanks JD, your very nice. I appreciate you explaining your trading methology. I know it is helping me and others that are trying to be profitable. I am still trying to grasp your set up for the divergence indicator. For the inputs do you put in your stochastic then go to to the next window and put in volume for your input during the same process. Just can't seem to follow the settings. Or do you simply put in the divergence indicator and put in volume for the input. If this is the case what shows you that you have a divergence, the arrows? Just want to make sure I am doing things correctly.

Also is your stochastic set at 3,9,3 and which line are you using. It seems to be just one line.

Thanks
Hector


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

Hello,

I just had some minutes to trade, and saw this opportunity to go short, for a quick trade, i saw momentum overbought on both charts 10 and 5 Range, and took the trade using a breaker pattern, for a quick 10 ticks 2 contracts, quick $200. enough for my busy day!!:..


See images attached,

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

Hello,

I just wanted to share with you my analysis and what im expecting the market do to trigger my trades, either short or long.

Cheers.

JD

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

What does this tells you??

See Image

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  #97 (permalink)
Argentina
 
Experience: Intermediate
Platform: Ninja
Broker: Zen Fire / IB
Trading: ES, TF, 6E, CL
 
gtichauer's Avatar
 
Posts: 379 since Jul 2009
Thanks: 807 given, 297 received


JDNeeman View Post
What does this tells you??

See Image

Thanks or sharing. I see u r pretty consistent. Can u elaborate in more detail how u set up and use T&S windows
Is it a speed of tape indi u have below them?

And u used in one post an indi that plotted pivots with a blu line and the priceit was.....I think it was on euro....which was this?


Thanks

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

Hello,

i have a non filtered T&S window, and a 15 contract with 50 block alert filtered window, to see where the medium and the big money is heading, this being buying, selling or covering long/short positions, in the image i posted you can see that a big block of 160 contract "red" meaning at first glance selling!! but it was all the contrary they where covering short positions signaling that a reverse up could happen during overnight session.

I use Pace of Tape indicator the one you see in a 13 tick chart, to see speed in the tape.

about the last question im not really sure of which image if you found it, please let me know which to guide you to the indicator,.


Cheers.

JD


gtichauer View Post
Thanks or sharing. I see u r pretty consistent. Can u elaborate in more detail how u set up and use T&S windows
Is it a speed of tape indi u have below them?

And u used in one post an indi that plotted pivots with a blu line and the priceit was.....I think it was on euro....which was this?


Thanks


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  #99 (permalink)
Argentina
 
Experience: Intermediate
Platform: Ninja
Broker: Zen Fire / IB
Trading: ES, TF, 6E, CL
 
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Posts: 379 since Jul 2009
Thanks: 807 given, 297 received


JDNeeman View Post
Hello,


about the last question im not really sure of which image if you found it, please let me know which to guide you to the indicator,.


Cheers.

JD

It is post #33. Thanks.

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


Heat Map: What is it telling us?
Bearish dollar index = bullish markets
OHLC Analysis:
3/4 tells us short-side bias
Overnight Highs & Lows:
Well below them both, says bearish

Are we inside or outside day today?
Outside day, below the PLOD
What price-structures do we see?
Price wedge : bullish
Price channel : major bullish
Trigger-zone : we have 3
AB=CD Pattern : 2 bearish AB=CD Pattern
Zig-Zag: nothing at this time, we need to buy at the lows of the bull price channel.
Double-top / Double-bottom: has been violated by new higher-highs.
Range Highs and Lows: we can see a range from the recent highs down to recent lows, marked in RED box.
Where will a reversal be likely today?
The dollar index will likely reverse at the trigger-zone support 82.800 level
Where would the smart money be trading today?
Around the trigger-zone support is where we assume traders will be reacting.

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