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Crude Oil trading

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

At first i thought it was a failed pattern, but then realized that price was close to previous high of day, so this was acting as a magnet, the ABCD pattern is now completed, as you can see from my previous post, it was projected to reach the D and the reversal zone...price is now testing it...i didnt get in nor will now, so im done for the day.

See ya all,

Good Luck.

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

Here are my trades for the day, im waiting confirmation to sell on crude following the AB=CD pattern on the 13 range chart.

Cheers.

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  #113 (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 wanted to share this basic with you hope help some one, ive been perfecting my strategy using only three patterns that work perfectly, Breaker, 2 Step, Wave, and i have been learning on how to use the OHLC in conjunction with Momentum that for me is very important in my daily trading as is the divergence with volume, we all know the market has memory, today was a perfect example of that, testing two levels from two days ago, the market went down to this levels and bounce up to test the PREVIOUS DAY LOW, i think this type of trading relies on price action and market history, marking the Open High Low and Close not only from the prior day but two up to 5 days before, this gives me another perspective when the market approaches this levels, i come from the bigger picture 34,21 Range, to the faster time frame, 13,8 Range. to entry.

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  #114 (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,

I wanted to share this basic with you hope help some one, ive been perfecting my strategy using only three patterns that work perfectly, Breaker, 2 Step, Wave, and i have been learning on how to use the OHLC in conjunction with Momentum that for me is very important in my daily trading as is the divergence with volume, we all know the market has memory, today was a perfect example of that, testing two levels from two days ago, the market went down to this levels and bounce up to test the PREVIOUS DAY LOW, i think this type of trading relies on price action and market history, marking the Open High Low and Close not only from the prior day but two up to 5 days before, this gives me another perspective when the market approaches this levels, i come from the bigger picture 34,21 Range, to the faster time frame, 13,8 Range. to entry.

JD just want to tell you thanks for your posts. I am sure they help a lot of other traders in the forum as well.

Thanks
Hector

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

Thank you Hector!!


hector24 View Post
JD just want to tell you thanks for your posts. I am sure they help a lot of other traders in the forum as well.

Thanks
Hector


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

Hi,

Market payed well today, my own mistakes made that i only could end with 13+ lessons learned:

1. the first time the price crosses down/up the Value Area Zone it will fill the area completely, i missed the first fill down, i took the second fill long.

2. give some space when taking a position near a two day level i took a position below the VAL right above the Open level of August 6th but it took me out -20 ticks, minutes later the price went all the way up to test the VAL and right after the VAH.

Cheers.

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

I would like to talk about Trading the Value Area, not all days happen what happened today, testing and filling the area completely 3 times!!, but it for sure will happen at least one time, when there is no agreement on price, the 80% Rule says: "if the price comes back in the Value Zone, and stays in for 30 min there is an 80% chance that the area will be 100% filled" in my case i use 13 Range bars, but for me is easy i just have to see momentum to determine if the price will continue and fill the area.

Best Regards.

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


JDNeeman View Post
I would like to talk about Trading the Value Area, not all days happen what happened today, testing and filling the area completely 3 times!!, but it for sure will happen at least one time, when there is no agreement on price, the 80% Rule says: "if the price comes back in the Value Zone, and stays in for 30 min there is an 80% chance that the area will be 100% filled" in my case i use 13 Range bars, but for me is easy i just have to see momentum to determine if the price will continue and fill the area.

Best Regards.


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

I like that reasoning

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  #120 (permalink)
Mooresville, NC
 
Experience: Intermediate
Platform: NinjaTrader,TradeStation
Trading: ES
 
Posts: 1 since Jul 2012
Thanks: 1 given, 0 received


HI JDNeeman,

regarding the Divergence indicator is there any way to add a qualifier to set a minimum number of bars before the
Divergence is labeled and displayed. That is, to only show those divergences that are say 10 or 15 bars wide??

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