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Crude Oil trading

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  #181 (permalink)
Danville, California
 
Experience: Intermediate
Platform: Ninja Trader
Trading: ES Currency furtures
 
Posts: 69 since Sep 2010
Thanks: 601 given, 20 received


JDNeeman View Post
Hello,

THis could help someone, it is an strategy based on BRNīs or Big Round Numbers, it is based on a Renko chart of 3 but you can use it as better suits you, for me i trade the 3 and 4 Renko charts, anyway, it is quite profitable, i use it all the time, wanted to share this with you,

what you need:

Renko 3 Chart,

Round Numbers indicator
TDI indicator
Stochastic indicator with the settings of 3,8,3.
Current day OHL
Prior day OHLC
Heiken Ashi
ATM Swing (Not necessary but useful)


I have attached the template for this strategy.

LONG Entry Setup:

1. a MUST with the TDI Indicator: The price line (Green) have to cross up the signal line (red) BUT BOTH lines HAVE to be ABOVE the Bollinger Average (Yellow).

2. Stochastic Below 20 and Crossing upwards.

3. Be around a Big Round Number (00,20,50,80) or a Mid Number (10,35,65,90)

4. Stop loss at previous swing lows.

5. Target Profit at next 1 or 2 levels of BRNīs.


Any question please feel free to ask.

JD.

Cheers.

JD
First thank you for the thread.... Great and please keep posting trade examples.
Question Please
The pivots are the current and prior day OHLC and do you draw in your BRN's or is there an indicator for this.
Thanks
Fasttraxs

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  #182 (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 Fasttraxs,

About your question, i use the current day OHLC and prior day HLC indicators also as my pivots but also as where the market values price,
regarding the BRNīs i use an indicator that plots the lines for me, itīs called round numbers i have attached it here for you.

Best Regards.

JD


fasttraxs View Post
JD
First thank you for the thread.... Great and please keep posting trade examples.
Question Please
The pivots are the current and prior day OHLC and do you draw in your BRN's or is there an indicator for this.
Thanks
Fasttraxs


Attached Files
Register to download File Type: zip RoundNumbers.zip (2.4 KB, 59 views)
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  #183 (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,

ok, we are here, letīs see what the market brings, so far what i can read and is interesting is this article:

feel free to read.

Speculative traders in energy futures on the ICE Europe Exchange increased their bullish bets on Brent crude by 6,422 contracts to 113,549 contracts, or 6%, during the week ending October 2. This was in sharp contrast to WTI, where speculators reduced their exposure by 12k contracts to 166k contracts as the discount to Brent crude continued to climb. Gas Oil net long rose by five percent and remains elevated.



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  #184 (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 closed my second trade for the day, the first wasn't that good but the second trade payed well, iīm 21+ ticks for the day, the market is nervous with out any major news it will react to any and everything, i will keep an eye posted on the news reports, but yet i see a very good day for trading.

I have to go to work, but will keep posting any other trade i do, or opportunity i see.

Cheers.

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  #185 (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 just arrived my machine, i was preparing my self to leave for work,

i see this!!! price went down!!!...but why??!! it was looking like a pretty up move.... but wait!, i checked the image i uploaded on my trades in the previous post, and i found why!!! that is LATE BIG BUYERS TRAP!!
i check the image and realized that a bunch of orders came in late in the range of 90.60 - 90.65, those were big orders, but the price didn't continue going up, some time later they tried to push the market up this zone, and start closing their positions, what is going to happen???, downside price!!!:...

this happens 3 max 4 times a day you could capitalize on this if you see it..!!!

cheers...

check the images..

JD

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  #186 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,880 given, 472 received

Just wanted to post a Chart this morning.
How High will we go? just broke above current highs of late.

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  #187 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
Thanks: 1,880 given, 472 received

here is Larger Chart showing the Break above recent Highs.
Size 30 Renko with Heikin Ashi overlay.

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  #188 (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,

Well today has been quite a roller coaster in the beast! (Crude), i have been outside my office, but i could take this trade 10+ ticks, lets see what happens at market close..

Cheers.

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  #189 (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, quite good action today in the crude market, break of a descending channel this means a possible selloff could be in place, ahead of crude oil inventories at 11:00 EST, that i think will come higher and will cause a price fall.

(U.S. Forecasts Record Heating Prices as Winter Returns - Bloomberg)

so far i have made one trade, for 20+ ticks.

will see to attack the news.

cheers.

JD

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


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