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Crude Oil trading


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Crude Oil trading

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  #211 (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, we half month October past now, itīs time for my mid month analysis, and as far i can see we could be facing a change in trend either up or down, October has traded a range of 6 dollars, from 88.00 to 94.00, but i see a price wedge forming and every time we get closer to the tip of this triangle the price decides for a direction and this is were we can get in and make some profits in the way, you could check the attached image if you like.

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  #212 (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,

What do you see??!, well, i a few things,

1. medium sellers in the tape, you can see selling from 13 to 43 contracts that tells us something, i canīt see any buyers to creak 91.26 if this continues to the night session this could signal a falling prices during Tokyo and London sessions,

2. If price breaks down 91.00 we will see prices go touch 90.00 and even lower.

3. Look at the levels for today, price went exactly at 91.10 and have sustained to fall further, for how much time??

but at the end actual price action will tell everything!!

Cheers.

JD

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  #213 (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,

Yesterday i lost the opportunity to trade due to some problems with CQG and AMP server connection, but now we are doing great.


I just closed my first trade of the day, for a 20+ ticks gain, i used Mid Number and Big Round Number strategy based on Stochastics and TDI patterns, the tape also told me that were buyers and not so much sellers, i think today will be an interesting day, it seems to be a RANGE day, 92.33 as top so far and 91.30 as bottom so far, lets see how much profit can we make today!!...


Cheers.


JD

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  #214 (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,


In the image you can see a basic analysis on whatīs going on with the CL price structure.

Cheers.

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  #215 (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,

Some have been asking about my Levels of support/resistance on crude Oil, well let me tell you that this is based on an indicator called FPC (Fractal Pivot Confluence) of backtothefuturedotcom, i use them because they give an accurate intention of the market on where has historically occured a open/close or high/low, depending on how you set the indicator, i use this and of course my own analysis looking at the whole picture, but generally i save time using this indicator, combined with my strategy that is based on price structure, momentum(stochastics) and directional analysis (TDI indicator).

this is just to drive you exactly to the indicator i use to plot this areas of responsive buying and selling.

Cheers,

JD

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  #216 (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 uploaded my levels for CL for the overnight session, this include all important levels.

cheers.

JD

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  #217 (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, and good morning all,


Well, today we have Crude Oil inventories, this could move the market either way, now, letīs review some levels for today, 92.76-92.92 itīs the highest level for today meaning if this zone is broken we could have a run up to 93.50-94.00, the lowest level is 91.30 immediate support is 92.20 if we break this level we could see a run down to 91.00 zone, also the number for the inventories are interesting, if you would like to check this out, you can find it here: This Week In Petroleum Crude Oil Section,





Cheers.

JD

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  #218 (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,

Lessons learned today!

I have two accounts for trading, one to trade S&P 500 and one to trade CL and other currencies,
but today, i mixed the accounts and opened a trade in the ES in the same account i trade CL, WRONG!!!, i started my morning with this mistake, that costed me about $400, a trade that taught me a lesson,

LESSON learned on the ES.

First and foremost perform a correct analysis of the situation,

but what killed me today was a simple rule that i passed over, DO NOT TRADE WHEN THE MAīs ARE IN THE MIDDLE OF THE PRICE OR 4-6 PREVIOUS PRICE BARS, lesson learned for me!!.



Now here comes the CL into my aid!!!




i saw this trade the opportunity to run about 60-70 ticks, to recover the loss generated by the ES, and that was what happened, i run this trade for 60 ticks recover 412 loss and made some $$ in the process.

So i finished my day positive 18+ ticks.

Cheers.

JD

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  #219 (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

Nice Recovery on the CL trade JD.

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  #220 (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


JD , when do you plan to switch to December Contract?
Volume looks like December is now more than Novembers Contract today compared to yesterday.
also Open Interest from yesterday was Much more in Decembers.
Thanks.

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