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Crude Oil trading

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  #101 (permalink)
Argentina
 
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JDNeeman View Post
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.

blue lines on this chart are the ones I asked you which indi was

GT
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  #102 (permalink)
El Salvador/Israel
 
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Hello, all, iīm back from a business trip i had to make to the states, i didnt have any time to trade but i`m glad i`m back with the enough time to trade, see ya all tomorrow.

Cheers.!!

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  #103 (permalink)
El Salvador/Israel
 
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Hello all,

I have been on a business trip to the US so i haven't been trading all this week long, but it helped me to see the market with "new" eyes!!,

iīm developing a new strategy that could bring some intraday profits, i call this "THE JUMP"

what is this all about:

1. it works around US market Open time.
2. it already knows the level where to place pending orders (Buy or Sell)
3. it already know where to place target levels.
4. It uses the previous Value Area Levels and POC.

How it works.

Since it is in a developing stage now, what i have found is that you have to select the previous day Value area High and Low and also the Point of Control, i do this with the dValueArea indicator placed in a 30 min CL chart.

this will be my 1,2 and 3 trigger lines depending on the actual price is it can trigger a sell or a buy this also depends on momentum at Market Open, i read momentum from the stochastics 3,9,3.

And basically i let it run till it hits my target(s). it takes about 2 hours to complete the cycle.

i will keep adding on, and if you have any comment please let us know it!!...


CHeers.-

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  #104 (permalink)
El Salvador/Israel
 
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continue from previous post,

i wanted to share the strategy i will be using for this month, since i will not have too much time, we are going into the busiest days of the year in my company, i have to narrow my trading and probably i will be making only one trade a day, but wanted to get the most from the markets this strategy let me get 30 ticks minimum and 100+ ticks maximum,
i will be using previous day High and low, and Previous day Value Area Low and Value Area High and POC (Point of Control) levels, combining this with the Fib extensions tool, i will get my entry point and the targets i want to hit, i have been doing some research, and seems to be a reliable strategy i will be posting at the end of the day my trades,

i have attached an image on how to read and get the correct prep for the trading session i call this strategy "THE jump" and "THE LATE JUMP", in case i miss the US market open Jump i will have the late market jump that goes from 1 EST to Market Close around 2 or 3 PM EST this will give some space to get in the trade.

i know this will work good.

see you here.

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  #105 (permalink)
El Salvador/Israel
 
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Hello,

Quite session, not too much of a move, it seems market is still accumulating it could distribute at close or head for tomorrow, price needs to break 90.62 to head south as for the upside, price is inside a wedge, needs to break upper level with momentum supporting the up move..

Greetings.

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  #106 (permalink)
El Salvador/Israel
 
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I missed the trade i have set in the previous post!!!, my bad!! i went off my monitor,,,
but i just closed a fast trade when price was coming back...

cheers.

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  #107 (permalink)
El Salvador/Israel
 
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Iīm preparing to a possible final trade for the day, using the Late Jump strategy,

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  #108 (permalink)
El Salvador/Israel
 
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Hello, i just closed this trade, the market has been very slow, for some reason it continues to go testing higher highs, without any fundamental reason, but anyways we are here to make some ticks no matter.

i saw a breaker pattern opportunity at highs, i used fib extensions to determine my immediate target, price went up fast to reach it just to reverse after,

+20 ticks for today...not bad...

Cheers.

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  #109 (permalink)
El Salvador/Israel
 
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Hello, to all,

I made some time to trade this news, Crude Oil Inventories, it came lower and demand was lower to price should fall and it did, i trade using breaker pattern all the way down to my target points 20 ticks lower, and now iīm waiting to see if i can have AB=CD structure develop to take short on C down to D and then take Long on D.

Cheers.

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  #110 (permalink)
El Salvador/Israel
 
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I did a short trade here, to the short side,
i will wait the 10 year bond at noon to see any chance to get in again.

Regards.

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  #111 (permalink)
El Salvador/Israel
 
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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 iīm done for the day.

See ya all,

Good Luck.

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  #112 (permalink)
El Salvador/Israel
 
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Here are my trades for the day, iīm 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
 
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Hello,

I wanted to share this basic with you hope help some one, iīve 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
 
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JDNeeman View Post
Hello,

I wanted to share this basic with you hope help some one, iīve 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
 
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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
 
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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
 
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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
 
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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)
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I like that reasoning

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  #120 (permalink)
Mooresville, NC
 
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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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  #121 (permalink)
El Salvador/Israel
 
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Hello,

There is a lot that is happening today, well the Empire State Manufacturing came out Negative -5.6, this could mean that there is not much need of Crude, and could be a signal on lower inventories too, this could trigger a sell in the next minutes, if is so, i will be selling the Prior Day Open @ 92.71 beware of Fake the news moves.

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  #122 (permalink)
El Salvador/Israel
 
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Hello tomorrow we have Crude Oil Inventories report and is expected to come at 0.1M, last report came out negative at -3.7M, so this will be a good trading opportunity tomorrow, i will be using JOBB or Jay Ofner Bracket Breakout to enter 5 secs before report time announcement, i will let you know how it goes.



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  #123 (permalink)
El Salvador/Israel
 
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Posts: 522 since Apr 2012

I have tested JOBB script on crude oil inventories, it took 10 ticks, then took 3 ticks,
for a total of 13 ticks. the reaction wasnt that strong but gave some space, i will trade NG inventories tomorrow.

Cheers.

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  #124 (permalink)
El Salvador/Israel
 
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Hello all,

I have been following the NG and it looks quite good, i have set my self to trade this only on news, once a week, when the natural gas report is released, today i will trade this news the forecast is 40B, it could jump up or down up to 80 ticks. i will trade 1 after the report is released to avoid spikes, i will be using JOBB to trade it.


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  #125 (permalink)
El Salvador/Israel
 
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Posts: 522 since Apr 2012

Trade closed for +10 ticks, this was due to a mistake of mine, i set the bracket to be active 1 minute after the news been released, i should have changed this to 5 seconds before the release...but anyway...10 ticks.. in auto..good.!!!

Cheers-

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  #126 (permalink)
El Salvador/Israel
 
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Trading news at 14:00 EST

Look at this trade it bring some ticks in...

i have been testing a short term trading strategy that so far it worked perfectly i think i will start a new thread on this. just take a look at it...

Cheers.

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  #127 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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Posts: 522 since Apr 2012

Hello,

I like to post my trade for today,... great day by the way, news came out to move the market quite good.
i place a trade using this strategy iīm testing and took a very good trade.

Please check.

Cheers.

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  #128 (permalink)
New York
 
 
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Very nice journal!

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  #129 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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Posts: 522 since Apr 2012

Hello all,

i wanted to share with you the levels that will be testing on this Sunday session, i will recalculate and post tomorrow levels at 8 AM EST.

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  #130 (permalink)
Australia, NSW
 
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Just wondering if anyone trades CL using a range chart ?
If so, any recommendations on worthy range to trade with ?

Cheers.

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  #131 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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Posts: 522 since Apr 2012

Hello, our levels for yesterday where touched as the calculation said, for todayīs session, i see a probable upside bias trading day.

i will be looking to buy retracements.

CHeers.

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  #132 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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Posts: 522 since Apr 2012

Well our analysis need some shape but overall my levels work.

i just produced one trade today for 10 ticks+ based on price movement on history.

Cheers.

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  #133 (permalink)
Chicago IL
 
Experience: Intermediate
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JDNeeman View Post
Well our analysis need some shape but overall my levels work.

i just produced one trade today for 10 ticks+ based on price movement on history.

Cheers.

I thought i was the only one around these parts to brave the oil markets.. i took 13 then closed down shop. to much chop. Ive been studying your phod and plod. Quite interesting...

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  #134 (permalink)
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parat144 View Post
I thought i was the only one around these parts to brave the oil markets..

?







Mike

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  #135 (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 this footprints the market repeats, and the opportunities that can be generated from them!!!...


Please check:::

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  #136 (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 the times where the market will likely to turn and reverse and you can capitalize on this, so far this system is accurate an 80% of the time, and there is a range of 2 to 10 minutes before/after that can move the market.

The times in the chart are CST. -2 hours of EST

Cheers.

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  #137 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Very good day, on Crude i made a combination of trend and historical trading, to profit from the market today,

3 trades that ended making 51 ticks. not bad at all, iīm posting my workspace (this is my jobīs machine) but yet
powerful, if you are interested in this setup and indis, please Pm me.

Cheers.

JD

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  #138 (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,

Closed a trade on CL, for a small 10 Ticks profit, well is sunday, but the best thing of all is to have the correct tools to asses the market correctly even on a Sunday.

Check Image.

Cheers.

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  #139 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

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.

Attached Files
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  #140 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hello,

Long time no see..!!! i have traded the crude today after the news inventories report that came out negative.
i ended with 25+ ticks, so i will call this a day, and follow my plan.

Best Regards,

JD

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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
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Broker: GlobalFutures/AMPClearing
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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.

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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)
Site Administrator
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Big Mike's Avatar
 
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Enjoy your weekend JD, good job.



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

thxs JD but I didnt get the volume part.....why not just put it in the download section all to enjoy.

You know how OCD I am about indicators like the rest here.

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  #152 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Sunil,

here you go Downloads - The Elite Circle - Big Mike's Trading Forum

JD



Sunil P View Post
thxs JD but I didnt get the volume part.....why not just put it in the download section all to enjoy.

You know how OCD I am about indicators like the rest here.


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  #153 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
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Posts: 498 since Sep 2010
Thanks: 1,880 given, 472 received

This is my Main Chart i use for Trading CL , It consists of Standard Renko Bars 7 pip size from Ninjatrader7 with Heikin Ashi overlay.
Supported by Indicators:
a1MarketReminders
PriceActionSwing
RSqueeze

i am interested in making this a better Trading Screen for my Entry/Exits.
i will most likely join the Elite membership to see what i may learn from it's members.
here is a pic of the main setup.

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  #154 (permalink)
Houston, Tx
 
Experience: Advanced
Platform: TT / NinjaTrader
Broker: Esignal / Zen-Fire
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trippenlatin's Avatar
 
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sandptrader View Post
This is my Main Chart i use for Trading CL , It consists of Standard Renko Bars 7 pip size from Ninjatrader7 with Heikin Ashi overlay.
Supported by Indicators:
a1MarketReminders
PriceActionSwing
RSqueeze

i am interested in making this a better Trading Screen for my Entry/Exits.
i will most likely join the Elite membership to see what i may learn from it's members.
here is a pic of the main setup.

Try a smaller renko like a 2 or 3. Trade price action hh hl ll lh. And use the squeeze for divergence trades you will definitely be able to make some money with that

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  #155 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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Broker: GlobalFutures/AMPClearing
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

I wanted to add a bit on trading with Big Round Numbers,
what i wanted to add is about mid numbers (MNīs) we said that the most important BRNīs are 00,20,50 and 80, the market trades around this numbers and you could look for responsive buying and responsive selling at this levels and position yourself accordingly, Now, the MNīs are the following,

10, 35, 65 and 90, so you end up with a complete set of levels where you could enter/exit your trades,

this will be, 00, 10, 20, 35, 50, 65, 80 and 90.

TIP: when you see an opportunity to enter on one of this levels, you could set your entry 5 ticks above/below your BRNīs/MNīs, the 90% of the time the price will go further about 5-8 ticks above/below the level chosen, why does this happen? well is similar to a car, that need some distance when you hit the breaks to the point you want to stop, you start breaking well before the light that says "STOP", in the market is the same, it needs some room to finally stop completely and start reversing.

today has been a clear example of this, and since is a Sunday, i normally not trade, but when i trade i scalp the market, but the market has proven itself that this really works!!

please see attached image.

Best Regards,

JD







JDNeeman View Post
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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  #156 (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 hope all of you are having ticks of profit for your accounts, i just finished my trading, ended with +21 ticks. in this account, i see a last probable trade forming but will not rush into it, basically the BRNīs have worked perfectly today, and that let me grab some ticks in the minutes i have free to trade.

OK. see ya all tomorrow.

JD

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  #157 (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 forgot to add this in my previous post, maybe will help someone, this about times in the market when to expect a reversal etc..

please read if you are intersted (attached image)

JD

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  #158 (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 first two trades of the day, i see the market in a range 92.35 and 93.00 i expect a break from this and will trade the break or any retracement. we don't have any news catalyst today so i need to have my eyes wide open to any change in market sentiment.

Best Regards,.

JD

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  #159 (permalink)
Toronto, Canada
 
Experience: Advanced
Platform: NT
Broker: TD Ameritrade, Dorman/Zenfire
Trading: CL,ES
 
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JDNeeman View Post
Hello i forgot to add this in my previous post, maybe will help someone, this about times in the market when to expect a reversal etc..

please read if you are intersted (attached image)

JD

How does one keep these in mind to trade?

For all this to be in harmony to take a trade must be tremendously difficult.

Just to have 2 compelling reasons to put on a trade is a great enough challenge, for me.

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  #160 (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

posting a Trade i made this AM.

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  #161 (permalink)
Holland, Michigan
 
Experience: None
Platform: ninjatrader
Broker: CQG
Trading: Acoustic Guitar
 
trs3042's Avatar
 
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sandptrader View Post
posting a Trade i made this AM.

Hello @sandptrader

I like your chart setup and color combination. Would you mind sharing/posting your chart template???

Thank you,

Rick

"If you're going to panic during a trade............. panic early."
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  #162 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
Platform: Sierra , TOS
Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
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@ trs3042 and hector24,
you ask for Template for CL that i use, and i will post it soon over the next few days.

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  #163 (permalink)
Market Wizard
Columbus, OH
 
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Silvester17's Avatar
 
Posts: 3,578 since Aug 2009
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@sandptrader,

I see you're using the rsqueeze (bbsqueeze) indicator. if you're interested, here's a version from @Fat Tails.

I think it's worth a look.


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

Thanks for Link Silvester17

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  #165 (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 trading day for a 25+ tick, itīs been a good day.

see you all later.

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  #166 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
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Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
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JDNeeman View Post
Hello, i just closed my trading day for a 25+ tick, itīs been a good day.

see you all later.

Great day on your trading, looks like a Possible Inverted Head & Shoulders on your Chart= "Possibly"!
Congrats on a Successful day JD.

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  #167 (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!! @ Sandptrader!!, like your charts!!....

Cheers!!




sandptrader View Post
Great day on your trading, looks like a Possible Inverted Head & Shoulders on your Chart= "Possibly"!
Congrats on a Successful day JD.


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  #168 (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, just to let you know!! you are using dec 12 contract on Crude....just in case you haven't noticed.



CHeers.




sandptrader View Post
Great day on your trading, looks like a Possible Inverted Head & Shoulders on your Chart= "Possibly"!
Congrats on a Successful day JD.


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  #169 (permalink)
Valdosta, GA. U.S.A
 
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Posts: 498 since Sep 2010
Thanks: 1,880 given, 472 received

here is my attempt to load the Template i use, hopefully i did this correctly.
a few words on this Template:
Its Not the Holy Grail, there is not such a system that i know of.
I use this Chart setup along side other Renko size charts such as 3, 4 and 10 Renko bar size with this Renko 7 size, all with their own dedicated chart.
Also i do use minute charts from 1 minute up to Daily to scan through to make my decisions for Trades.
My suggestion is to build Individual Charts for each time frame and leave the Size bars alone, Not changing them for that chart during the day.
Please Test this type of Charting out before making Live Trades, Observe the Renko Charts compared to Minute type Charts.

Attached Files
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  #170 (permalink)
Valdosta, GA. U.S.A
 
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Posts: 498 since Sep 2010
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Not Sure what the " X " means there on the File, But most likely i did something wrong, let me know and i will try and get it uploaded correctly, my first time trying to share a Template.

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  #171 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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Posts: 522 since Apr 2012

Hello, here is my first trade of the day, i will trade the next one after the Crude Oil Inventories, probably weīll see some action today, +10 ticks trading on BRNīs, and MNīs. crude is in a downside as far can tell, but any surprises can come,

CHeers.


JD

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  #172 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hello,

I just finished my trading day, itīs been a good day, hell of a battle but,,,went out positive.

+29 Ticks.

Cheers.

JD

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  #173 (permalink)
Napa Valley , Ca.
 
Experience: Intermediate
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sandptrader View Post
Not Sure what the " X " means there on the File, But most likely i did something wrong, let me know and i will try and get it uploaded correctly, my first time trying to share a Template.

Hi @sandptrader

Thanks for sharing your template with other futures.io (formerly BMT) users. You did nothing wrong, the "x" in the attached file description I believe just indicates you have uploaded an ".xml" file. Had you uploaded a ".doc" file than a "w" icon would appear indicating it is a MS Word file extension.

Thanks for sharing,

Sean

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  #174 (permalink)
austin, texas
 
Experience: Intermediate
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Trading: currency futures
 
Posts: 506 since Jan 2011
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sandptrader View Post
here is my attempt to load the Template i use, hopefully i did this correctly.
a few words on this Template:
Its Not the Holy Grail, there is not such a system that i know of.
I use this Chart setup along side other Renko size charts such as 3, 4 and 10 Renko bar size with this Renko 7 size, all with their own dedicated chart.
Also i do use minute charts from 1 minute up to Daily to scan through to make my decisions for Trades.
My suggestion is to build Individual Charts for each time frame and leave the Size bars alone, Not changing them for that chart during the day.
Please Test this type of Charting out before making Live Trades, Observe the Renko Charts compared to Minute type Charts.

Sandptrader, just wanted to tell you thanks for the template. Thanks, Hector

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  #175 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

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.

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  #176 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hello,

Good morning all,

i just finished my trading day, today is not so good for me to trade so iīm closing with 15+ ticks.

Cheers.

JD

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  #177 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hello all,


Today we have the expected number of NFP, it is expected to come at a 114k, if the number is higher above 120K will see the price on Oil could rise, as consumption will rise too.

be aware of this news. at 8:30 am EST.

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  #178 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hello,

I just closed my first round trade, it was for 20+ ticks. probably will take one or two more trades depending on market reaction and movement, but for now, i could say that ended the week with a good amount of ticks in the pocket.

The system and strategy works almost to the perfection.

Iīm trying not to be greedy, and keep profits in the right side (my account and bank)

Cheers.

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  #179 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hello,

This is how i ended with this account this week.
so far so good, i can see my trades are really short related to time, but profitable. i hope i can keep focused and maintain this performance along all the month.

Best Regards.

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  #180 (permalink)
Valdosta, GA. U.S.A
 
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Trading: 6E, ES, CL, GC
 
Posts: 498 since Sep 2010
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JDNeeman View Post
Hello,

This is how i ended with this account this week.
so far so good, i can see my trades are really short related to time, but profitable. i hope i can keep focused and maintain this performance along all the month.

Best Regards.

Thank you JD for your post, it is a Nice Profitable week for you.
what it shows me is your dedication to your System, your ability to wait for Good Set ups and Money Management Skills. This All Equals a Good Trader and Profits by the End of the Week, like you have shown.
Great Job and Thanks again for posting your Trades and Trade Record for the Week.
You know, a little profit each day does add up.

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  #181 (permalink)
Danville, California
 
Experience: Intermediate
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Posts: 69 since Sep 2010
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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
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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


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  #183 (permalink)
El Salvador/Israel
 
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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
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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
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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
 
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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
 
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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
 
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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
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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
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Check this out

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  #191 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hello,

Amazing trading day today!!, at the end i finished with my 20+ ticks, i have been in meetings all day, but at least made some ticks!!,

Important levels to watch overnight session and friday:

Price is a a wedge within a larger wedge, price needs to break 92.90 to go higher,
or 91.55 to go lower, if price breaks 92.90 will target 93.60, and if breaks 91.55 will target 91.00, 90.00 and 88.20

Cheers.

JD

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  #192 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
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Posts: 498 since Sep 2010
Thanks: 1,880 given, 472 received

Here is a Trade i made a few minutes ago, it happened in about 1 minute.

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  #193 (permalink)
El Salvador/Israel
 
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Hello, and good morning all,

I just see the market with the intention of break some levels today to finish this week, i have posted my last trade of the week i don't think i will trade the rest of the day, although i think will give very good opportunities to grab some ticks!!, i closed my trade for a 12+ ticks. i have posted this trade and the levels i see important on the CL.

Cheers.

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  #194 (permalink)
El Salvador/Israel
 
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Levels updated for CL...





JDNeeman View Post
Hello, and good morning all,

I just see the market with the intention of break some levels today to finish this week, i have posted my last trade of the week i don't think i will trade the rest of the day, although i think will give very good opportunities to grab some ticks!!, i closed my trade for a 12+ ticks. i have posted this trade and the levels i see important on the CL.

Cheers.


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  #195 (permalink)
El Salvador/Israel
 
Experience: Intermediate
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JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Well the market went to the levels we have marked earlier here is the update.-

Cheers.



JDNeeman View Post
Levels updated for CL...


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  #196 (permalink)
Dallas, TX
 
Experience: Beginner
Platform: Ninjatrader
Broker: Zen-Fire
Trading: ZN, 6E
 
gulabv's Avatar
 
Posts: 286 since May 2010
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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.


Hi JD,

In your latest trade screen shots are you using this method to trade or do you have additional rules/items you are looking for before taking a trade?

Thanks for sharing,
gulabv

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  #197 (permalink)
Danville, California
 
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sandptrader View Post
Here is a Trade i made a few minutes ago, it happened in about 1 minute.

Could'nt open screen shot
Wanted to see., is this the trade at 6:09am PST?

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  #198 (permalink)
Valdosta, GA. U.S.A
 
Experience: Advanced
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fasttraxs View Post
Could'nt open screen shot
Wanted to see., is this the trade at 6:09am PST?

here is a Better View of this Trade.

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  #199 (permalink)
austin, texas
 
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sandptrader View Post
here is a Better View of this Trade.

Sandptrader, may I ask what your trigger was to enter the trade and what your alert was to exit or
do you have a set target.

Thanks
Hector

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  #200 (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

hector24, i was watching Both Renko Charts size 5 and 7 when i made the Trade.
Also if you look at both charts when the Trade was placed the RSqueez indicator was sloping upwards towards the zero line.
I had Positive Colored Bars for the Buy Signal.
also i was looking for a Retest of the upper Horizontal line on each chart as it was current Short term Resistance.
There are so Many good Trades during the day on CL, i just try and get one or two positive Trades for now.
I placed Target for 25 Ticks and it was hit.

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