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Crude Oil trading


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Crude Oil trading

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

My opening range..it is a 5 minute Range...this was the high value...

JD



EugeneN View Post
why 96.53?


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  #422 (permalink)
Chisinau, Moldova
 
 
Posts: 10 since Dec 2012
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i am bullish until .7-8, lets see what s going to be there, i lost some ticks today

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  #423 (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 was bulish..

i just closed my long position...untill i see more clearly a sing to go higher...

My 5 Minute..chart, price has reached the 61.8 %....

JD.-




EugeneN View Post
i am bullish until .7-8, lets see what s going to be there, i lost some ticks today


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  #424 (permalink)
Chisinau, Moldova
 
 
Posts: 10 since Dec 2012
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i just love the market today

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  #425 (permalink)
Chisinau, Moldova
 
 
Posts: 10 since Dec 2012
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Just as a question, if its not a secret how many contracts (position) do you guys trade? i am usually not more than 3 contracts, as i consider cl a very volatile contract and a smooth change can change my account considerably

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

Yes i would say no more than 4...3 is already risky,,,,of course depending on your account amount....

JD



EugeneN View Post
Just as a question, if its not a secret how many contracts (position) do you guys trade? i am usually not more than 3 contracts, as i consider cl a very volatile contract and a smooth change can change my account considerably


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

well,...

I just closed a short trade i took at the 61.8% resistance.

i only took 15 ticks. price continue south,...but enough for my plan.!!

Cheers.

JD

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

Interesting how the market respect this levels,

i have been using this balance line level since i started trading, and i think is good to let this know to other traders,
what we do (all traders that use this method) is:

PHOD+PLOD/2, for example yesterday´s high was 96.90 and the low was 95.47 if we take this:
96.90+95.47 = 192.37/2= 96.185 approx. next number 96.19.

you can see today this number was tested to the tick and triggered a trade that resulted in a move of about 45 ticks.

you can add this levels for the day before up to 4 days back in time.

it will give you this levels that some call "Hedge Fund Levels"...

JD.

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  #429 (permalink)
new york
 
 
Posts: 355 since Mar 2012
Thanks: 665 given, 580 received


JDNeeman View Post
Interesting how the market respect this levels,

i have been using this balance line level since i started trading, and i think is good to let this know to other traders,
what we do (all traders that use this method) is:

PHOD+PLOD/2, for example yesterday´s high was 96.90 and the low was 95.47 if we take this:
96.90+95.47 = 192.37/2= 96.185 approx. next number 96.19.

you can see today this number was tested to the tick and triggered a trade that resulted in a move of about 45 ticks.

you can add this levels for the day before up to 4 days back in time.

it will give you this levels that some call "Hedge Fund Levels"...

JD.

I use the anas daily pivots and the CP central pivot is set up for that balance number

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  #430 (permalink)
stamford, connecticut
 
Experience: Beginner
Platform: NinjaTrader, ToS
Trading: Currency Futures
 
Posts: 14 since Apr 2012
Thanks: 15 given, 12 received


Hi JD,

I understand that you use a 5 minute opening range because you deal in small time-frame bars/trading, but my initial guess would be that the 5 minute opening range wouldn't really be indicative of anything that you could use to forecast the day's trend. Obviously it works for you. What do you think it is that makes the 5 min OR significant when the big boys probably aren't basing anything off of it?

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