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Crude Oil trading


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Crude Oil trading

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  #81 (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,

Good Morning to all, i just came to my desk to see the market and surprise!!! crude went to the 90s,
My analysis for this morning goes on waiting for a reversal from this highs, or a continuation in the current trend checking USD index there is no correlation but market personality could change any time.

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  #82 (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 receive some lessons from Larry williams and i would like to share this one with you!!


https://www.ireallytrade.com/lessons/number6.html


Cheers!!

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  #83 (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 made two trades today and i think i will stop there, i see accummulation all the way, market is really at the mood.

Two trades for a final +14 ticks.

Greetings.

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

Since i don't see much buyers and block of sellers are taking position i post what i can see could happen.

Greetings.

See attached image

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  #85 (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,

Today is OPEX Friday, so i trade carefully, at the moment the market is choppy with an upside desire, USD index is UP, so crude is heading down some time before closing.

Image attached

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  #86 (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 feel bad that i couldn't make money from the two or three opportunities that market gave today, ive been in meetings all day long,

But here is my analysis and the only trade i took for 3 ticks lol.....

But here it goes.

Cheers.

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  #87 (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 normally don't trade on Sundays but i really couldn't resist this opportunity, it was a perfect setup on a wedge retest, that didn't found any buyers also the USD Index was going higher, this gave me confidence on the trade, so i took the trade, i just closed for a 32 ticks positive, what i have learned is that is the market opens and runs higher, after the exhaustion price will fall on no buyers.

see my attached image.

Cheers

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  #88 (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 wanted to share my desktop trading distribution some time ago, since i have some time now, i will post it, market is really slow now, but looking for a great Monday Trading, Europe woes continue on talks of Greece out from the EU community, as they say Greece out from Euro Zone is manageable....will see where the prices head way..

Cheers.

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  #89 (permalink)
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 503 since Jan 2011
Thanks: 14 given, 234 received

JD, thanks for your posts and for the information you share with us. If I could ask you a question regarding your divergence indicator that you have on your charts and your value areas. just want to get my chart to look like yours, they seem easy but yet effective. this is the way i see it now, if it is wrong please let me know.

1. divergence indicator- on your first input you choose stochastic with 3,9,3. the input for the stochastic is volume.

2. dvalue area- a. how do I remove the profile lines that run horizontal, i am assuming they are the profile lines.
b. the value lines you have on your chart are those hand inputted from your larger 30 minute chart.

Your help would be greatly appreciated.

Thanks
Hector

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  #90 (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 Hector,

I really appreciate your words, i think the more i share the more i learn, the more a reaffirm in my head my strategy and the patterns that work in this game!!!...

I try to keep my charts easy and with the tools that work and help you make money, most traders think that having a lot of indicator will help the performance of the trades, i think is more about to have the right tools that let you know where to entry and the correct tools that let you know when to exit, and that is a successful way to trade.

Now, regarding my trading, i have divided my charts in three important components.

1. PRICE ACTION

For this i use trends, wedges, Value Areas, channels, Previous day High and Low,

About the Value Areas, i have the indicator on a 30 min chart and i draw lines over the Value Area High (VAH) and Value Area Low (VAL) i have all lines drawn set to "Show in all Charts" this way i can transfer the lines from the 30 min chart to my range charts, after the trading day (After market close) I Manually erase all objects, (Right click, Drawing Tools, Remove Drawing Objects) and draw new value lines, this help me with the Prep for next day trading.

2. DIVERGENCE

I think Divergence is the most powerful tool i this game, because lets you know when the market is trying to "fool traders" and you can adjust accordingly, for this is use an indicator that let me find high percentage divergence, i use this indicator to find divergence between price and volume (VOL) why volume? because the relationship between price and volume is far more related than Stochastics, RSI or MACD, some say "Volume is the key to the markets" i agree combined with other tools is just powerful.

How do i trade Divergence?

First of all, i trade ONLY the divergence that support the major trend, i mean if the price is under the EMA 150, i have a falling price channel, i will trade Most of the time only divergence signals that go with the trend, this is basic, to be successful trading divergence. so my indicator gives me a sell signal, i check the overall trend to take trade and check also the momentum..and this leads us to my third point.

3. MOMENTUM

Momentum is the final part of my trading strategy and this is the trigger to go short or long in this markets, Why?
depending on Momentum your trade will reach your targets faster or by the contrary will take time or will reach your stop loss and take you out, for this i use Stochastic indicator with the settings of 3,9,3 this for the 10 and 5 range charts, it gives faster signals, i sell ONLY when the stochastic line is coming back from the highs and crosses down the 80 level, and to the buy when cross the 20 line from below, now combining this three things gives me and edge to overcome this game, it is simple but profitable!

Greetings.





hector24 View Post
JD, thanks for your posts and for the information you share with us. If I could ask you a question regarding your divergence indicator that you have on your charts and your value areas. just want to get my chart to look like yours, they seem easy but yet effective. this is the way i see it now, if it is wrong please let me know.

1. divergence indicator- on your first input you choose stochastic with 3,9,3. the input for the stochastic is volume.

2. dvalue area- a. how do I remove the profile lines that run horizontal, i am assuming they are the profile lines.
b. the value lines you have on your chart are those hand inputted from your larger 30 minute chart.

Your help would be greatly appreciated.

Thanks
Hector


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