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Crude Oil trading

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  #501 (permalink)
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
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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


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  #502 (permalink)
toucan94506
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.


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  #503 (permalink)
 stifland 
Belcher, LA
 
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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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  #504 (permalink)
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
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Posts: 522 since Apr 2012

Hello,

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

JD


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  #505 (permalink)
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
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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


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  #506 (permalink)
 xiaosi 
Brisbane, Queensland, Australia
 
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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)
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
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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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  #508 (permalink)
 JDNeeman 
El Salvador/Israel
 
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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

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  #509 (permalink)
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
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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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  #510 (permalink)
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
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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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  #511 (permalink)
 JDNeeman 
El Salvador/Israel
 
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Posts: 522 since Apr 2012

Hello,


Here my levels for today trading,

JD.


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  #512 (permalink)
mgt2008
ching maomingshi
 
 
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longLALALA:

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  #513 (permalink)
 JDNeeman 
El Salvador/Israel
 
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It was Long Correct!!!!, do you trade regularly??!! it seems that you dont get how this works...

JD


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longLALALA:


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  #514 (permalink)
 guidoisot 
Milan, Italy
 
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JDNeeman View Post
I have tested JOBB script on crude oil inventories, it took 10 ticks, then took 3 ticks,
for a total of 13 ticks. the reaction wasnt that strong but gave some space, i will trade NG inventories tomorrow.

Cheers.

Hi Dennis, I see you are have been using jobb for news releases trades.
How is it ? is it really as good as it sounds? would recommend it?
Thanks. GT

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  #515 (permalink)
 JDNeeman 
El Salvador/Israel
 
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@guidoisot

Hi, I tested it for several weeks, the idea works and the strategy per se works, I don't use it anymore, since volatility can harm you a lot, it works only if you have a very large account, and you don't use stop loss, which for me is too much risk! I have found that the best opportunities, when a news is released, come when the market has defined a direction, but when you have direction I don't need JOBB to get in, I use my own method,

Regards.

JD.



guidoisot View Post
Hi Dennis, I see you are have been using jobb for news releases trades.
How is it ? is it really as good as it sounds? would recommend it?
Thanks. GT


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  #516 (permalink)
 guidoisot 
Milan, Italy
 
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JDNeeman View Post
@guidoisot

Hi, I tested it for several weeks, the idea works and the strategy per se works, I don't use it anymore, since volatility can harm you a lot, it works only if you have a very large account, and you don't use stop loss, which for me is too much risk! I have found that the best opportunities, when a news is released, come when the market has defined a direction, but when you have direction I don't need JOBB to get in, I use my own method,

Regards.

JD.

Thank you Dennis,
so before trying the software I will think over it a bit longer, also considering that it is not such an immediate process to execute: I should open an ew account (now I have IB), I should need to rent a very fast computer in Chicago, which implies also the extra cost of internet with a static ip over here in Italy, I should purchase Ninjatrader, then go through its leaning curve, ect....
Maybe it would be better to use JOBB on underlyings less volatile than oil?
Regarding your method, which I suppose you apply mainly to crude oil, may I learn from you something about it on this forum?
Grazie. Ciao. GT.

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  #517 (permalink)
 JDNeeman 
El Salvador/Israel
 
Experience: Intermediate
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Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
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Posts: 522 since Apr 2012

@guidoisot,

HI, I have a very good friend in Bergamo I was in Italy this past year, So welcome!
I think the best thing is first, identify what type of trader are you!, if JOBB fits your trading, and if you are disciplined, I guess you will do just fine!,

regarding my method, you are very welcome, I have two journals that you can check, and I just opened my method journal in the elite section,

"Alpha Trading method"

You are very welcome!

Best Regards.

JD


guidoisot View Post
Thank you Dennis,
so before trying the software I will think over it a bit longer, also considering that it is not such an immediate process to execute: I should open an ew account (now I have IB), I should need to rent a very fast computer in Chicago, which implies also the extra cost of internet with a static ip over here in Italy, I should purchase Ninjatrader, then go through its leaning curve, ect....
Maybe it would be better to use JOBB on underlyings less volatile than oil?
Regarding your method, which I suppose you apply mainly to crude oil, may I learn from you something about it on this forum?
Grazie. Ciao. GT.


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  #518 (permalink)
 sands 
London + UK
 
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Bracket trading is only good on certain news events and certain markets in my experience though you can read uncertainty before a news event and in those case the prices can do anything. I wouldn't trade this on NFP on GC or ES. But perhaps on smaller events maybe would work on Gas/oil inventories. I'm going to try this, I'll feedback with review I a few weeks.

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  #519 (permalink)
bcippola
Atlanta
 
 
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JDNeeman View Post
@guidoisot,

HI, I have a very good friend in Bergamo I was in Italy this past year, So welcome!
I think the best thing is first, identify what type of trader are you!, if JOBB fits your trading, and if you are disciplined, I guess you will do just fine!,

regarding my method, you are very welcome, I have two journals that you can check, and I just opened my method journal in the elite section,

"Alpha Trading method"

You are very welcome!

Best Regards.

JD

New to CL trading after a few yrs trading ES. Going to focus on CL and Silver or Gold. Really enjoyed reading through all of your charts and trying to read through alot the market profile stuff this weekend. Thanks again.

Bill

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  #520 (permalink)
crazydesi
dallas texas
 
 
Posts: 27 since Jan 2013
Thanks: 5 given, 6 received

Hey JD

Whats your current setup for trades. Can you please share like u did in post 1. Thanks man.

JK


JDNeeman View Post
@guidoisot

Hi, I tested it for several weeks, the idea works and the strategy per se works, I don't use it anymore, since volatility can harm you a lot, it works only if you have a very large account, and you don't use stop loss, which for me is too much risk! I have found that the best opportunities, when a news is released, come when the market has defined a direction, but when you have direction I don't need JOBB to get in, I use my own method,

Regards.

JD.


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  #521 (permalink)
Liquid
Malaysia
 
 
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any idea about crude..where the price should i response?

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  #522 (permalink)
tanchohang
Kathmandu nepal
 
 
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i am new to the blog, i see good CL trading knowledge here, i day trade CL. I am new to trading arena and would appreciate help

Thankyou!

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  #523 (permalink)
tanchohang
Kathmandu nepal
 
 
Posts: 2 since Jul 2014
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i am new to the blog, i see good CL trading knowledge here, i day trade CL. I am new to trading arena and would appreciate help

Thankyou!

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  #524 (permalink)
 Wikmar 
Madrid - Spain
 
Experience: Advanced
Platform: Own (more or less)
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I'm new to CL; just 4 trades small swing goal, 3 winners, 1 looser. This instrument its been very difficult for me, it seems to be a bit crazy. Also has special features; special drivers, little liquid, slow but violent breakouts...

Be sure to take it being rookie.

Home people force
https://wikmar.wordpress.com/
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  #525 (permalink)
 Cachevary 
Russia,Khabarovsk
 
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Hi Crude oil guys!

Could anyone suggest a good news source for Crude?

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  #526 (permalink)
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
 
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Cachevary View Post
Hi Crude oil guys!

Could anyone suggest a good news source for Crude?

i think the thread has been moved here:

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
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  #527 (permalink)
 Ozefex 
Melbourne, Australia
 
Experience: Beginner
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JDNeeman View Post
Hello,

Upupandaway,

Yes, i selected MACD to show how to select the indicator, but i use VOLUME (VOL). it works better than any other know indicator!!!,,,

yep, divergence price with volume..!!!


Greetings.!!

Absolutely BRILLIANT INDICATOR!! I've been using another very good proprietary divergence indicator from a traderoom that I can't name, but it doesn't work with VOL the way this one does. Use this one for pullbacks in a trend or for range trading.

It just needs an ALERT function to make it perfect - if JD or any programmers would like to do that, it would be awesome!!

@JDNeeman, you could have sold this indicator but you have provided it for free here. FatTails could not have done better (sorry FatTails).

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