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

@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.

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

longLALALA：

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

@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.

@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

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.

Hi Crude oil guys!

Could anyone suggest a good news source for Crude?

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.!!