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Crude Oil trading


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Crude Oil trading

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  #141 (permalink)
Vienna Austria
 
 
Posts: 116 since Mar 2012
Thanks: 16 given, 67 received


JDNeeman View Post
Some people have been emailing me about my trading on Crude, about my trading plan, well, first of all i do trade Crude but also trade the ES, (S&P 500) and have a plan to trade on it.

Now regarding the Crude, i normally take 10 tick profit trades but this have a reason, the reason is my plan, i have a plan, a very conservative plan to reach x amount of money in the next 3 months, i have put the same plan here only that is beginning with as little of $2500 ( i would recommend start with $5000 as a minimum to trade CL), if some one wants to see the plan, please download it.

it think is a good approach to trade this Beast called Crude Oil, you can adjust to your desire, but i think this could work for everyone.

Best Regards.


Question @JDNeeman , if your TP is 10 ticks (which is similar to my strategy) then how big are your stops?

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  #142 (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 normally use 15-18 ticks. stop loss.

depending on what i see in the tape.




Amnesia View Post
Question @JDNeeman , if your TP is 10 ticks (which is similar to my strategy) then how big are your stops?


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  #143 (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 show you what i do to trade accordingly with the trend, you know the famous quote "the trend is your friend" so i have made a mix of price structure, price action and trend trading, the indicators i use (attached in image) let me know where the price is going and where is likely to reverse and continue the trend, basically i use WMA, HMA and EMA combination of periods.

I use
HMA @ 208
EMA @ 200
EMA @ 100
EMA @ 80
WMA @ 200

All of this in a 13 Range Chart

How to interpret the combination.

The heavy lines are WMA 200 and EMA 200 this for both side, Short and Long,
The Medium lines are EMA 80 and EMA 100
The Trigger or Magnet Line is HMA 208

Long Scenario.

If the EMA 100 is above EMA 200 a long trend is on track and confirmation of a lon trend comes when the EMA 200 crosses up the WMA 200.

Entry: Whwen price touch and reverse EMA 80 or EMA 100 and momentum (stochastics, MACD, etc) confirms a reverse.

Target: this could be your selection according to your management plan, or the HMA 208 the "magnet Line",

Reverse for Short Trades.

Attached Thumbnails
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Name:	MATrading Trend.JPG
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  #144 (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 here i post my trades for today, ending with +46 ticks.
Trading according the trend and reverses supported by the heavy lines this works fine.

enough for the week.

CHeers.

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  #145 (permalink)
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Manta, Ecuador
 
Experience: Advanced
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Enjoy your weekend JD, good job.



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  #146 (permalink)
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
 
Sunil P's Avatar
 
Posts: 292 since Jan 2012

Hi JD,
Is that BBT volume pressure available? thxs

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

Thanks Big Mike..... have a great weekend too!!!!



Big Mike View Post
Enjoy your weekend JD, good job.



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  #148 (permalink)
New York City New York USA
 
Experience: Intermediate
Platform: Think or Swim, Infinity Futures
Broker: Thinkor Swim for Charts an Infinity Futures for Trading Dom
Trading: Oil
 
Posts: 52 since Jul 2012
Thanks: 448 given, 46 received

J.D
Just finished reading your Journal and I think it is very interesting and informative and I am glad you are doing well. I have learned quite a bit and will spend the weekend digesting it all. I trade cude as well using trend lines and LOD and HOD lines among other things in trying to tame the monster as well. I do not use range charts but have started playing around with them on Think or Swim, could you tell me how many ticks to a range bar. I currently use Think or Swim and there range bars are different I think and I have been playing around with them after reading DaveL's journal and following his trades recently.
Baiscally I wanted to say thanks for being so open with your info and trading tactics and the studies you are using. It is great to not have to reinvent the wheel again. I will be following you to see what you are up to next and pass any info on if I can to help all of us to be successful with this monster we call Crude.

Thanks

Hguru

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  #149 (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, HGuru,

Thanks!!, itīs good to be here in this great forum, we all learn tons every day here, iīll keep posting since is a way for me to stay in track with my trading goals and discipline.

Stay tuned.

Best regards,.

JD


Hguru View Post
J.D
Just finished reading your Journal and I think it is very interesting and informative and I am glad you are doing well. I have learned quite a bit and will spend the weekend digesting it all. I trade cude as well using trend lines and LOD and HOD lines among other things in trying to tame the monster as well. I do not use range charts but have started playing around with them on Think or Swim, could you tell me how many ticks to a range bar. I currently use Think or Swim and there range bars are different I think and I have been playing around with them after reading DaveL's journal and following his trades recently.
Baiscally I wanted to say thanks for being so open with your info and trading tactics and the studies you are using. It is great to not have to reinvent the wheel again. I will be following you to see what you are up to next and pass any info on if I can to help all of us to be successful with this monster we call Crude.

Thanks

Hguru


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  #150 (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 with you a note on Big Round Numbers (BRNīs) combining this with our normal trading structure and strategies, this could turn someone steady profits and great control on your personal trading, i have applied this to Crude but can be applied to any instrument you trade.

personally i use this on my eMini S&P trading. it is explosive!! and makes me feel secure on my daily trading, (altough because of my job i cannot trade every day as i would lke) but soon i will say "Full Time Trader" long road!!! (this is another topic ), but at the end i wanted to share this for you to trade and use it if works for you.

enjoy.

Great weekend!!!

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