Crude Oil trading - futures io
futures io futures trading



Crude Oil trading


Discussion in Trading Journals

Updated by Ozefex
      Top Posters
    1. looks_one JDNeeman with 337 posts (693 thanks)
    2. looks_two sandptrader with 59 posts (45 thanks)
    3. looks_3 hector24 with 9 posts (3 thanks)
    4. looks_4 EugeneN with 8 posts (0 thanks)
      Best Posters
    1. looks_one JDNeeman with 2.1 thanks per post
    2. looks_two trs3042 with 1.3 thanks per post
    3. looks_3 shopster with 0.9 thanks per post
    4. looks_4 sandptrader with 0.8 thanks per post
    1. trending_up 94,170 views
    2. thumb_up 800 thanks given
    3. group 98 followers
    1. forum 526 replies
    2. attach_file 468 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Crude Oil trading

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

@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


Visit my futures io Trade Journal Reply With Quote

Can you help answer these questions
from other members on futures io?
FX Futures have been nagging me for a while
Currencies
Capping Size in Tradestation
TradeStation
Macros for flatten and reverse
TradeStation
Range bar differences in Tradestation vs. TOS
TradeStation
3x Fangdango
Traders Hideout
 
 
(login for full post details)
  #502 (permalink)
danville ca usa
 
 
Posts: 51 since Mar 2012
Thanks: 6 given, 41 received

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.


Reply With Quote
 
(login for full post details)
  #503 (permalink)
Belcher, LA
 
Experience: Intermediate
Platform: Ninja
Broker: TradeFutures4less/CQG
Trading: CL
 
stifland's Avatar
 
Posts: 107 since Feb 2010
Thanks: 107 given, 115 received


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

Visit my Facebook Reply With Quote
 
(login for full post details)
  #504 (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 the levels for today...it looks very interesting...

JD


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #505 (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 @stifland


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

JD







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


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #506 (permalink)
Brisbane, Queensland, Australia
 
Experience: Advanced
Platform: JIGSAW/SIERRA CHART
Broker: MacQuarie Futures/AMP Clearing/CQG
Trading: HHI, HSI, FDAX
 
xiaosi's Avatar
 
Posts: 502 since Feb 2012
Thanks: 444 given, 531 received

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

Follow me on Twitter Reply With Quote
 
(login for full post details)
  #507 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012


Market respect for this levels....



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

JD


Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #508 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

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

Attached Thumbnails
Click image for larger version

Name:	CL 06-13 (5 Min)  05_04_2013.jpg
Views:	150
Size:	154.0 KB
ID:	111296   Click image for larger version

Name:	CL 06-13 (5 Min)  08_04_2013.jpg
Views:	128
Size:	172.4 KB
ID:	111297   Click image for larger version

Name:	CL 06-13 (5 Min)  09_04_2013.jpg
Views:	103
Size:	163.2 KB
ID:	111298   Click image for larger version

Name:	CL 06-13 (5 Min)  10_04_2013.jpg
Views:	87
Size:	159.4 KB
ID:	111299   Click image for larger version

Name:	CL 06-13 (5 Min)  11_04_2013.jpg
Views:	86
Size:	172.2 KB
ID:	111300   Click image for larger version

Name:	CL 06-13 (5 Min)  12_04_2013.jpg
Views:	74
Size:	154.7 KB
ID:	111302   Click image for larger version

Name:	CL 06-13 (5 Min)  15_04_2013.jpg
Views:	77
Size:	148.9 KB
ID:	111303   Click image for larger version

Name:	CL 06-13 (5 Min)  16_04_2013.jpg
Views:	72
Size:	153.7 KB
ID:	111304   Click image for larger version

Name:	CL 06-13 (5 Min)  17_04_2013.jpg
Views:	61
Size:	163.4 KB
ID:	111305   Click image for larger version

Name:	CL 06-13 (5 Min)  18_04_2013.jpg
Views:	65
Size:	152.2 KB
ID:	111306  

Click image for larger version

Name:	CL 06-13 (5 Min)  22_04_2013.jpg
Views:	69
Size:	166.7 KB
ID:	111308  
Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #509 (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, 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

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #510 (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 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.


Visit my futures io Trade Journal Reply With Quote


futures io Trading Community Trading Journals > Crude Oil trading


November 24, 2016


Upcoming Webinars and Events
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts