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Crude Oil trading

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  #431 (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 think the importance relies on the "price action".. i mean,,,if i see the market is rejecting one of this levels (5 min OR) then the market is giving it the relevance probably the big boys arenīt basing anything off of it...but the market is noting the levels...if you see the past three to four days,...the 30 min OR share the price with the 5 min OR...coincidence...???... so at this point i would ask ...which or what the big boys look at...if they look at OR...it seems they do...but i donīt know it...i just want to trade the price...and what the market is telling me... it could be the 5, 30 Min OR...the One hour Opening range...donīt know...i use this 3 ORīs....and i trade the market rejection on this levels...so at the end..i will trade what the market is giving relevance...no matter which OR is....


JD...






rwh03001 View Post
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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Name:	CL 03-13 (233 Tick)  23_01_2013 5,30 1 Hour OR.jpg
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  #432 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

GM all.

Well today...will be a good day....

i would like to start my day with thought i read "One of the marks of excellent people is that they never compare themselves with others. They only compare themselves with themselves and with their past accomplishments and future potential." – Brian Tracy


Today we have Crude Oil Inventories and as always the market likes to play before the news release...so we need to keep the eyes wide open...

Price has reached the balance line 95.93 From yesterday.. it managed to break it...but it is under this level now...

We have an INSIDE DAY so far...

iīll wait for market open to draw my levels...ORīs .


JD

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Name:	CL 03-13 (5 Min)  24_01_2013.jpg
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  #433 (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 First Trade of the day a quick 12 Tick trade...

now i will wait the news release...

JD...







JDNeeman View Post
GM all.

Well today...will be a good day....

i would like to start my day with thought i read "One of the marks of excellent people is that they never compare themselves with others. They only compare themselves with themselves and with their past accomplishments and future potential." – Brian Tracy


Today we have Crude Oil Inventories and as always the market likes to play before the news release...so we need to keep the eyes wide open...

Price has reached the balance line 95.93 From yesterday.. it managed to break it...but it is under this level now...

We have an INSIDE DAY so far...

iīll wait for market open to draw my levels...ORīs .


JD


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Name:	CL 03-13 (89 Tick)  24_01_2013 balance LIne.jpg
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  #434 (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 see a possible short trade developing---


JD

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

Price is approaching the 5 min 61.8% level, watch this out, as it could break it and the news hit the wire!!!

JD.





JDNeeman View Post
I see a possible short trade developing---


JD


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  #436 (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 Move!!!:...

I closed my 3rd trade of the day...

positive...

JD

Ok.. Crude seems a bit undecided...normally if price goes UP before News release ..it is the possibility that the number will come negative and price could fall...(not always)---

but my bias are short...i expect the market correct me...

JD-





JDNeeman View Post
Price is approaching the 5 min 61.8% level, watch this out, as it could break it and the news hit the wire!!!

JD.


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Name:	CL 03-13 (89 Tick)  24_01_2013 Last Trade CL.jpg
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  #437 (permalink)
Voula -- Athens,Greece
 
Experience: Beginner
Platform: Saxo
Trading: Oil
 
Posts: 30 since Jan 2013
Thanks: 1 given, 0 received

Has anyone here trade options on crude oil

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  #438 (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, at least not me...

Cheers.

JD



Selim View Post
Has anyone here trade options on crude oil


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


Selim View Post
Has anyone here trade options on crude oil

they trade options over on this forum listed here


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  #440 (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 GM all---

Letīs wrap up this week with more ticks!!!...

ok i have attached an image with analysis on where could the price go today..

Cheers.


JD

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