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Crude Oil trading
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Crude Oil trading

  #501 (permalink)
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@toucan94506

Hello, hope you be doing great!, regarding the lines, let me share:

1. The s/r, weak stop and reverse, pivot reverse, top of trading range, major s/r line, bottom of trading range, pivot reverse, weak stop and reverse and ultimate s/r they are nothing else but the Murrey Math Lines, for me the most important levels on Murrey are: Major Support/Resistance 4/8 and 8/8 (safe to trade and always in the money), Pivot reverse 2/8 and 6/8, Extreme OB +2/8 and Extreme OS-2/8.

This for me are most reliable levels, although all levels can be traded.

2. The Go Long, Breakout Up Level, Resistance/Support, Support/Resistance, Breakout Down Level, Go Short Level
this levels are camarilla levels, H4,H3,L3,L4 and other that is calculated by the surefirething website that i don't really know how they calculate them but surely they work. i use all of this altogether with my own strategy to make the most profitable decision like today the market went from one os this levels, 91.79 all the way up to my last (safe) level 93.75 that is 196 ticks move or $1960 on just one contract you do the math for 5 or 10 contracts depending your account size and protecting capital strategy....


Well i hope this help you in some way!.

JD.








toucan94506 View Post
Hi JD.... I have been looking at this thread from the beginning and have not posted anything in quite a while. I noticed in March and April, you seemed to firm up the horizontal lines on your charts and started placing labels on each. Some of your lines look like those I use: H/L of today, H/L of yesterday, Daily pivots, H/L of last 5 days, H/L of last 10 days.

My first question is are all of these lines automated and based on the current day as well as prior days?

Are your s/r, weak stop and reverse, pivot reverse, top of trading range, major s/r line, bottom of trading range, pivot reverse, weak stop and reverse and ultimate s/r based on prior support and resistance areas on longer term charts, fibs, pivot levels, etc?

how are the following lines constructed: long level, breakout up level, resistance/support, reverse short level, reverse long level, short level and breakout down level?

I am not asking how you trade these lines, just how they are constructed so I can compare to my lines. For example, I went long off of a pullback just above my daily pivot and my daily pivot looks like your "pivot reverse".

thanks in advance and I really enjoy reading your journal.


toucan


J Dennis Neeman.
Learning..always learning...
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  #502 (permalink)
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danville ca usa
 
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JD.... thanks for your quick response. I will look at murrey math levels and camarilla levels this weekend.


thanks again for the information.

toucan



JDNeeman View Post
@toucan94506

Hello, hope you be doing great!, regarding the lines, let me share:

1. The s/r, weak stop and reverse, pivot reverse, top of trading range, major s/r line, bottom of trading range, pivot reverse, weak stop and reverse and ultimate s/r they are nothing else but the Murrey Math Lines, for me the most important levels on Murrey are: Major Support/Resistance 4/8 and 8/8 (safe to trade and always in the money), Pivot reverse 2/8 and 6/8, Extreme OB +2/8 and Extreme OS-2/8.

This for me are most reliable levels, although all levels can be traded.

2. The Go Long, Breakout Up Level, Resistance/Support, Support/Resistance, Breakout Down Level, Go Short Level
this levels are camarilla levels, H4,H3,L3,L4 and other that is calculated by the surefirething website that i don't really know how they calculate them but surely they work. i use all of this altogether with my own strategy to make the most profitable decision like today the market went from one os this levels, 91.79 all the way up to my last (safe) level 93.75 that is 196 ticks move or $1960 on just one contract you do the math for 5 or 10 contracts depending your account size and protecting capital strategy....


Well i hope this help you in some way!.

JD.


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  #503 (permalink)
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stifland's Avatar
 
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Intersecting entries


JD,

I trade based on vance's CL thread but found a few bits of this pretty interesting.
Can you explain a bit more on the 2 swings and the intersecting vertical line as a pinpoint entry method?
I like measured/math things especially in the Crude.

Thanks a lot,

bil

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Crude Oil Levels For May 3rd

Hello,

Here the levels for today...it looks very interesting...

JD

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  #505 (permalink)
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Hello @stifland


Ok,, i have attached an image explaining the logic behind this entry technique, hope it helps.

JD

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stifland View Post
JD,

I trade based on vance's CL thread but found a few bits of this pretty interesting.
Can you explain a bit more on the 2 swings and the intersecting vertical line as a pinpoint entry method?
I like measured/math things especially in the Crude.

Thanks a lot,

bil


J Dennis Neeman.
Learning..always learning...
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  #506 (permalink)
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That's very similar to a setup I use on CL. The key being a little flag or consolidation under a level after an prior attempt...

Then watch the DOM for some bergs or a buildup and burn through!

XS

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  #507 (permalink)
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Crude Oil Market Levels for Monday April 6th

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Market respect for this levels....



Hello here i share my levels to trade on CL for Monday April 6th.

JD

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Last edited by JDNeeman; May 6th, 2013 at 12:50 AM.
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APRIL A MONTH OF TRADING IN PICTURES

Here, i just have compiled some of the screenshots taken on my screen for some days of the past month of April using
the Smart Levels how the price interact with this levels is just amazing to me, you can confirm this levels using the Camarilla Pivots indicator using only the H4, H3, L3, L4 levels, you could find a difference by a tick or two.

For me is just "profitable" i have no other word to say it,

Enjoy!

JD

J Dennis Neeman.
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Attached Thumbnails
Crude Oil trading-cl-06-13-5-min-05_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-08_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-09_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-10_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-11_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-12_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-15_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-16_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-17_04_2013.jpg   Crude Oil trading-cl-06-13-5-min-18_04_2013.jpg  

Crude Oil trading-cl-06-13-5-min-22_04_2013.jpg  
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Crude Oil Trading May 16th

Hello, trading opportunities for today...

The levels keep doing a great job, also have found that at 11:00 AM EST, (IM TWO HOURS BEHIND EST TIME, THAT IS WHY MY CHART SAYS 9:00 AM) half hour before and half hour after there is always a reversal that pays off, i have found that in a 85% of the time this is valid!!,

So i take 10:30 AM price and take note of it, when price arrives at 11:00 AM i wait till 11:30 if price is near a trading level for me, i take the trade waiting a reversal from original direction, in other words counter trend..

**This could be a bit risky** but its worth about 30-40 ticks.

Here it is.

JD
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Crude Oil Trading 123 Rule


Hello,

I just closed my first trade of the day, using the Smart level that i call, and momentum, the 123 breakout rule was involved also, there is an explanation in the image.

JD.

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