Crude Oil trading - futures io
futures io futures trading



Crude Oil trading


Discussion in Trading Journals

Updated
      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 99,118 views
    2. thumb_up 800 thanks given
    3. group 98 followers
    1. forum 526 posts
    2. attach_file 468 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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)
  #1 (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 All,


I have found that there are not so good forums talking to real CL trading, i just came here and see that there is a lot of trader dedicated to Crude, and i would like to share what ive learned and continue learning from all of you, basically i use an intraday strategy my trades go for 10-40 ticks, average 20 ticks, i use Market Profile, ACD, stochastics, price patterns, i will describe one of my strategies the one that is the most profitable, and maybe some could test it, and share with us your own experience. I use NinjaTrader 7, with Global Futures and AMP clearing, i used to trade using Penson Futures (now knight futures).


What you need:

1. 10 range Chart, plot EMA 13 and 150
2. Stochastics 3,9,3

only this for now.



STRATEGY:

1. IDENTIFY

a. Plot the PLOD (Previous Low of Day) level
b. Plot the PHOD (Previous High of Day) level
c. Plot the most important swing lows/highs


This give and idea of where the market would trade (range) and if buyers/sellers fail on this levels, (see attached image)


d. Most Important channels (Asia & Europe Session)
and channel developing in the US Session (if there is any channel) if not look for range area.

2. FILTER TRADES

My approach is combine zones and levels with the stochastic levels, we know that 20 is oversold and 80 is overbought, COMBINING this with PLOD, PHOD, Swings we can filter our trades and take a better decision at the moment to pull the trigger,

When we trade in channel we want to sell high channel level and buy low channel level

But filtering the trade means that you will ONLY trade in the direction of the channel (UP or Down)

and you double filter is the stochastic level support the trade, how? lets say the price is in the upper level of the channel and the stochastic is at 80 and crossing it down, this would be a filtered trade and a high percentage winning trade, you have applied double filter, OR you could use THE EMAs, "NORMALLY" when price trades under the 150 EMA you ONLY want to sell retracements, as indicated in the image 3, if you combine this three you are trading as a professional!. taking decisions based on price structure and behaviour.


We will keep adding on to this idea and if you could please share your comments and enhance it!!:..


Best Regards.


JDNeeman.

Attached Thumbnails
Click image for larger version

Name:	CL 07-12 (10 Range)  13_06_2012 PHOD PLOD.jpg
Views:	1342
Size:	140.5 KB
ID:	77434   Click image for larger version

Name:	CL 07-12 (10 Range)  13_06_2012 Channels.jpg
Views:	1047
Size:	148.7 KB
ID:	77438   Click image for larger version

Name:	CL 07-12 (10 Range)  13_06_2012 3.jpg
Views:	1100
Size:	170.5 KB
ID:	77442  
Visit my futures io Trade Journal Started this thread Reply With Quote

Journal Challenge February 2021 results:
Competing for $1500 in prizes from Topstep
looks_oneSBtrader82 's Trading Journalby SBtrader82
(173 thanks from 31 posts)
looks_twoJust BEING a Trader: Letting Go!!by iqgod
(120 thanks from 33 posts)
looks_3Wisdom is Emptinessby Mtype
(68 thanks from 25 posts)
looks_4Deetees DAX Trading Journal (time based)by Deetee
(35 thanks from 17 posts)
looks_5Journal for peanuts1956by peanuts1956
(23 thanks from 13 posts)
 
 
(login for full post details)
  #3 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012


Only one trade today in the Crude due to some personal problem, but at the end the important thing is that the strategy is working and we made an analysis based decisions,


I saw (when i arrived my desk) that the price was exactly at the Value Area High from Yesterday at the top of the channel, and stochastic at the 100 level, since the price was right at a major level, and buyers were unable to break it, a reversal was imminent, we decided to sell at those highs @ 83.78 with a stop loss of 20 ticks and profit of 20 ticks,

the result was good and profitable.

Any doubt let me know.

see attached image.

JDNeeman

Attached Thumbnails
Click image for larger version

Name:	CL 07-12 (10 Range)  14_06_2012 Todays Trade.jpg
Views:	926
Size:	166.5 KB
ID:	77580  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #4 (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 we had the Crude Oil inventories
the news came with this numbers:


Wednesday, June 20, 2012 10:30:06 *(US) DOE CRUDE: +2.86M V -1ME; GASOLINE: +940K V +1ME; DISTILLATE: +1.16M V +1.5ME; UTILIZATION: 91.9% V 91.8%E- Gasoline demand -435K at 8.69M bpd - Distillate demand -180K bpd at 3.5M bpd

Have Market Intel? TradeTheNews.com Tip Line -> Click Here

Knowing the crude market personality that likes to fade the news, we saw price surge a bit, although the news analysis said: SELL, because: Higher inventories and NO demand= oversupply! price falls, product cheaper!.

we waited to see the stochastic reach the 90 level in the 10 range chart, we saw exhaustion and sellers on the tape, so we took the trade, shorting the crude, with a target of 31 ticks.


very good trade, we could have profited a bit more but, we are happy with what we have.


looking to buy now..since the market always retrace at the end of the session.

JDNeeman.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  20_06_2012.jpg
Views:	638
Size:	171.6 KB
ID:	78314   Click image for larger version

Name:	Crude Trade 31 ticks.jpg
Views:	457
Size:	348.3 KB
ID:	78315  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #5 (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 we had an spectacular day for trading, opportunities in the market at least two of them for a big profit, unfortunately i just took two trades for a total of 9 ticks, $90, and since is late in NY, heading to the close and will just let it go, i came late at my office today and could not take the first two trades, and been in a hurry to meetings i cannot focus well on trading, but here i leave my analysis hope it helps someone.

Be consistent!, Be profitable!

JDNeeman

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  21_06_2012.jpg
Views:	656
Size:	180.5 KB
ID:	78488  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #6 (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 have been using Market Profile for quite some time, and would like to add my little knowledge about it,

I use Market profile for my day trading, along with PHOD (Previous High of day), PLOD (Previous Low of Day),

Market profile is very extensive i will explain the way i use it and what i use of the MP (Market Profile)

3 important things about it,

VAL: Value Area Low
VAH: Value Area High
POC: Point of Control


The VAL and VAH is the range where the 70% of the action happened in the previous day,
The POC is the Price at which the most TPOs (time sale opportunities) occur in the Market Profile chart
during the previous day. The prices that saw the most activity. Visually the
longest horizontal line.


when we combine the VAL, VAH, PHOD and PLOD, you have your fighting "arena" when this zones are very well defined you can make better and accurate trading decisions, you have your plan predefined, when the price reacts to one of this zones we will know exactly what to do.

when the price is close to one of this areas
what do i do?

i ask myself

1. where is the price at this level?, any double top/bottom?
2. Where is the stochastic? which level? 80?, 20?, 90? 100?
3. Price channel? where is the price respecting the channel? at the top of the channel --> Sell, at the bottom if the channel --> Buy
4. in the time and sales (T&S) window, what do you see? Sellers? buyers? in the filtered T&S what are the big boys doing? buying? selling?,
5. is there speed in the T&S or is passive...slow..

If the price is close to one of this areas and you see in the T&S window speed and buyers/sellers coming a possible break of the level could be around, to the contrary if the price in the T&S window slows down at this levels a possible reversal is around.

this questions when you get used to them are automatic and processed in fractions of seconds in your brain, this give you the ability to make better and informed decisions,


adding more to this....

If the price is below the value area zone (from VAL to VAH) we could expect a negative day, prices could fall, the plan would be sell retracements,

If the price is above the value area zone, we could expect a positive day, price should rise and the plan would be buy pullbacks.

NOTE: if the price is below/above the value area zone, at some time the price could try to reverse and try to get in back into the value area zone, then you should be looking at the 80% rule!!!.... (you can look at this, i have attached a document about it...)


I have attached an image explain the value area zone strategy and trading decisions.


Hope this help someone.

if any question please let me know.

JDNeeman.

Attached Thumbnails
Crude Oil trading-strategy-80percentrule.pdf   Click image for larger version

Name:	CL 08-12 (10 Range)  21_06_2012 VA MP PLOD PHOD.jpg
Views:	648
Size:	223.0 KB
ID:	78543  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #7 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Good Morning all,

I just wanted to share quickly my analysis for the day,

As of this moment the price has attempted to get back in the Value area Zone, testing once the Value area low level @ 78.74, we have an inside day since the price is above the PLOD (previous low of day), price is above the open level @78.11, at 9:00 AM EST price could test the open level then test the VAL again, at this moment we dont have US dollar correlation, will see later in the morning, we have major resistance zone near the VAH @ 80.30, market could be volatile since is friday, avoid trading after 11:30 EST.

have a great trading!!

have attached some images....

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_22_2012 major zones.jpg
Views:	319
Size:	251.2 KB
ID:	78596   Click image for larger version

Name:	CL 08-12 (10 Range)  6_22_2012 Possible.jpg
Views:	287
Size:	225.0 KB
ID:	78597  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #8 (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 All,

I just wanted to share my first trade today, we decided to sell when we saw price outside channel at the top, stochastic at 80-90 level and going south, speed in the tape, we saw large sellers at this prices in the filtered Time and sales window, all was in our side. so we took the trade that took about 3 minutes to close.

Please if any questions let me know.

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  22_06_2012 First Trade.jpg
Views:	356
Size:	171.8 KB
ID:	78617   Click image for larger version

Name:	CL 08-12 (10 Range)  22_06_2012 Profit.jpg
Views:	284
Size:	332.7 KB
ID:	78618   Click image for larger version

Name:	Global Trade Pic.jpg
Views:	342
Size:	487.1 KB
ID:	78619  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #9 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,765 since Jun 2009
Thanks: 32,302 given, 97,540 received


JDNeeman View Post
we decided to sell when we saw price outside

Who is "we"?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #10 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012



Big Mike View Post
Who is "we"?

Mike

A friend of mine that trades alongside, he is is just starting to trade and learning!!, im sorry!!!

the decision is mine and also the analysis, but we (my friend and i) discuss every move....

Greetings.

Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #11 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,765 since Jun 2009
Thanks: 32,302 given, 97,540 received


JDNeeman View Post
A friend of mine that trades alongside

No problem, just checking.

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/
Follow me on Twitter Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #12 (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 a runner, for a 54 tick profit, same analysis: price at top of the channel, stochastic at 80-90 level and going south, speed in the tape, price near VAH... closing a very good week of trading in the CL will see what the next week brings we have Monday US news and the crown jewel Crude Oil Inventories on Wenesday.


Have a great weekend!!!

Check attachment


Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  22_06_2012 2 trade of the day.jpg
Views:	404
Size:	136.2 KB
ID:	78645  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #13 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Hellos,

I just wanted to share with you all, the levels i will use for trading on Monday, or can be used for Sunday afternoon too, i have set the most important levels PHOD: 80.40, VAH: 79.94, VAL: 78.72, PLOD: 77.55, depending on opening price for sunday a trade could be possible around the PHOD or VAH.

Please check the image attached,


Good Trading week to all!

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_22_2012.jpg
Views:	276
Size:	240.7 KB
ID:	78795  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #14 (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 All,


Today i missed a perfect setup on the CL!!! i`m mad really pissed off with my internet provider, i was about to get in the trade and suddenly i was with no internet connection and the worst!!! it last for about an hour!!! so i missed my Sunday trade!! anyway i would like to share with you my analysis, i saw divergence right when the market opened, my divergence indicator also plotted a red arrow signaling SHORT TRADE POSSIBLE!! i saw a bit of speed in the tape although low volume, but the setup was perfect to trade it. price went near the PHOD but momentum was overbought so there was a high % of a reversal, and that was what i wanted to trade!! but this .... well i leave here the analysis and image if you want to check.


Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_24_2012 Divergence.jpg
Views:	295
Size:	267.6 KB
ID:	78806  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #15 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Good Morning to all!!!

Wanted to share my analysis for this day, we had a very wide price move during overnight session from Fridays highs down to test the Value area Low, i see also a very good correlation (Negative) with the dollar, so if the dollar rises the crude falls. Today could be an inside day. i will trade the tests of VAH and PLOD or any forming swing low/high.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_25_2012 Overnight Action.jpg
Views:	278
Size:	280.5 KB
ID:	78839   Click image for larger version

Name:	fut_image.png
Views:	267
Size:	43.7 KB
ID:	78840  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #16 (permalink)
Holland, Michigan
 
Experience: None
Platform: ninjatrader
Broker: CQG
Trading: Acoustic Guitar
 
trs3042's Avatar
 
Posts: 1,617 since Jun 2009
Thanks: 23,764 given, 5,614 received


JDNeeman View Post
Good Morning to all!!!

Wanted to share my analysis for this day, we had a very wide price move during overnight session from Fridays highs down to test the Value area Low, i see also a very good correlation (Negative) with the dollar, so if the dollar rises the crude falls. Today could be an inside day. i will trade the tests of VAH and PLOD or any forming swing low/high.

Hello @JDNeeman,

Would you mind sharing the indicator your using and it's settings for VAH, VAL and POC.

Thank you,

Rick

"If you're going to panic during a trade............. panic early."
Reply With Quote
The following user says Thank You to trs3042 for this post:
 
(login for full post details)
  #17 (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 Rick,


Not a problem, here you have it attached, and the settings also. I use global draw objects and draw the lines in my chart where i have the Market Profile indicator (30 Min chart) and automatically draws the lines in the other charts so i can have this 30 min chart minimized, because i only trade with range charts.


Greetings.

JDNeeman





trs3042 View Post
Hello @JDNeeman,

Would you mind sharing the indicator your using and it's settings for VAH, VAL and POC.

Thank you,

Rick


Attached Thumbnails
Click image for larger version

Name:	Market Profile settings.jpg
Views:	391
Size:	343.3 KB
ID:	78851  
Attached Files
Register to download File Type: zip dValueArea7.zip (14.2 KB, 128 views)
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #18 (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, All,

Finally some time to trade!!!...
Ok,. i saw price near VAL @ 78.70, momentum overbought, sellers in the tape, speed in the tape, so i shorted at 78.54 and profited at 78.38, for 16 tick gain. not bad, not great!! but $160 more in the account.-..

If you wanted to check the attached images i just put 1. Possible trade image, 2. the actual trade 3. the end of the trade!!.


Greetings,.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  25_06_2012 possible trade.jpg
Views:	274
Size:	176.7 KB
ID:	78875   Click image for larger version

Name:	CL 08-12 (10 Range)  25_06_2012 Actual Trade.jpg
Views:	213
Size:	162.3 KB
ID:	78876   Click image for larger version

Name:	CL 08-12 (10 Range)  25_06_2012 End Trade.jpg
Views:	226
Size:	187.0 KB
ID:	78877  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #19 (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 dont want to bother with the same thing, it is that is my pattern and strategy it repeats itself again and again so i take the trades!!


attached image..

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  25_06_2012 Last trade of the day.jpg
Views:	267
Size:	173.3 KB
ID:	78895  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #20 (permalink)
Lisbon, Portugal
 
Experience: Intermediate
Platform: Currently just TWS
Broker: IB
Trading: Stocks and E-minis
 
Rui S's Avatar
 
Posts: 126 since May 2012
Thanks: 140 given, 49 received


JDNeeman View Post
I dont want to bother with the same thing, it is that is my pattern and strategy it repeats itself again and again so i take the trades!!


attached image..


Hello JDNeeman,

You are not bothering at all. It's always interesting to know different trading strategies.

Keep posting...

Thanks.

Rui

Reply With Quote
The following user says Thank You to Rui S for this post:
 
(login for full post details)
  #21 (permalink)
mississauga
 
Experience: Intermediate
Platform: Think or Swim
Trading: ES
 
Posts: 3 since Apr 2012
Thanks: 19 given, 4 received

Hi JD,

Keep your trade setup coming! Seeing more and more definitely helps recognize the "pattern" better and faster!

Thanks

Reply With Quote
The following user says Thank You to Voodoo for this post:
 
(login for full post details)
  #22 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Good Morning to all!!


I have finished my morning prep, it looks we are going to have volatility that means very good opportunities to trade but also a higher risk, we can see that the bears have come out from Europe, China growth has slowed, EU summit ahead... an interesting day!! I see no correlation at all with US Dollar. this tells us Crude can do what ever he wants,
watch out for changing market personalities.

See attached image.


Greetings

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_26_2012 Morning Prep.jpg
Views:	227
Size:	288.1 KB
ID:	78987  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #23 (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 see sideways range trading, look for break out patterns, or fake breakouts, watch for momentum, and big buyers/sellers at high% levels.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012.jpg
Views:	193
Size:	170.6 KB
ID:	79008  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #24 (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 took a trade short a high of the range, but accidentally closed it!!...for 3 Tick profit.. and in front my eyes the price went down my target... 20 ticks lower...but...anyway.... after that i took my first loss for the week (and i hope be the only one) it was a mistake i didn't saw price under heavy Big Money Line (EMA 150) and close to it...the rule says "do not trade near this line" or "don't fiddle with the middle!", it was a 20 tick loss,

After that i took a trade to recover that loss and profited 10 ticks, so now im negative by 9 ticks...lets see the close...
so we can reach our daily target of 30 ticks.

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 First Trade.jpg
Views:	180
Size:	191.2 KB
ID:	79020   Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 Loss.jpg
Views:	129
Size:	193.6 KB
ID:	79021   Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 Recover Trade 1.jpg
Views:	127
Size:	189.6 KB
ID:	79022  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #25 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

At re test of VAH @ 79.02, if momentum shows overbought, and sellers show up i will sell.

Ok i call this a Day!, Just closed my last trade of the day for +10 tick, I ended Flat in my balance for the day +1 tick but minus commissions, it was a hard session.

We have Crude Oil Inventories Tomorrow, hope to make todays and tomorrows money with it.

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 Possible trade.jpg
Views:	98
Size:	180.1 KB
ID:	79032   Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 End Trade.jpg
Views:	99
Size:	175.2 KB
ID:	79034   Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 Actual Trade.jpg
Views:	97
Size:	171.7 KB
ID:	79035  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #26 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Ok i call this a Day!, Just closed my last trade of the day for +10 tick, I ended Flat in my balance for the day +1 tick but minus commissions, it was a hard session.

We have Crude Oil Inventories Tomorrow, hope to make todays and tomorrows money with it.
The forecast is - 0.7M


Look for:

1. Higher Inventory number
Demand High: Price should go UP

2. Lower Inventory Number
Demand: High --> Price Should go UP

3. Lower Inventory Number
Demand: Low --> Price Should Go DOWN

4. Higher Inventory Number
Demand: Low --> Price should go DOWN or sideways.


Don forget this is discretionary and depends of the market personality at the moment as well as market sentiment.

Greetings.







Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 Possible trade.jpg
Views:	99
Size:	180.1 KB
ID:	79041   Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 Trade in progress.jpg
Views:	80
Size:	176.4 KB
ID:	79042   Click image for larger version

Name:	CL 08-12 (10 Range)  26_06_2012 End Trade.jpg
Views:	86
Size:	175.2 KB
ID:	79043  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #27 (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 all,

Good morning,


I wanted to add my insight for this day,

in the Economic Side, This morning i begin with a quick review of news from Europe which once again is coming out very bearish this morning. We have the lowest reading ON RECORD for the UK Loans Report which means that economy is coming to a halt very quickly, and news from the EU is telling us that we may be sitting and waiting for the Summit this weekend (and the newly-scheduled meeting between France and Germany on the 28th) so we will be keeping an eye on the market personality this morning. Remember, the market sentiment coming into the US Morning Session is key to us, so were looking for clues to see if the bears have carried into the US session this morning.

Regarding Economic News


830am EST we have Durable Goods Orders this morning which is one of our favorite news events because of its impact on Crude Oil. Much like manufacturing reports, durable goods go hand in hand with job creation, demand on Crude Oil and eventually things like retail sales and Non-Farm Payrolls down the road. Keep an eye on the market sentiment and reaction to this news after its released.


1030am EST on a Wednesday means Crude Oil Inventories Report and this is by far one of the most challenging, while rewarding news events you can trade. First, we need to remember that today MAY be quite sloppy until 1035am after the news is released, and with this waiting-pattern ahead of the EU Summit we may just see exactly that today. Second, if you know what to look for you can make some easy profit, but if you do NOT know how to trade this news report its a very dangerous way to trade. You wont be able to trust the NEWS on this, we have to read some other aspects of this report at 1030am EST today and we will discuss how and when we trade the inventories when we get to 1000am EST today. Set your alarm for 1015am EST and sit on hands through this report.


At the moment i see divergence in the CL and possible sell. this will depend on sellers showing up in the tape.


Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_27_2012.jpg
Views:	118
Size:	243.3 KB
ID:	79150  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #28 (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,

Interesting move on the CL, i think the institutions are positioning for the data that could make the price fall, so they are ready to short it pushing the price high to the 80.50-80.70 range. i see momentum overbought, and pressure in the tape. will wait till 1035 to see price action and reaction.

I see a double top here @80.70, will see if this plays along!!

Greetings.-

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  27_06_2012 Double Top.jpg
Views:	107
Size:	226.3 KB
ID:	79162  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #29 (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 have taken 3 trades today 1 loser and 2 winners, market with mixed data, direction compromised.
My Account balance is +7 ticks, im looking for a re-entry if market allows so.

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  27_06_2012 Today Trades.jpg
Views:	123
Size:	164.9 KB
ID:	79185  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #30 (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, if anyone here trades the European Session i have my insight on the market.

Please see attached image.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_27_2012 EUR Session possible setup.jpg
Views:	120
Size:	258.2 KB
ID:	79308   Click image for larger version

Name:	fut_image correlation.png
Views:	119
Size:	59.5 KB
ID:	79309  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #31 (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,

My first Trade is complete in the Russell, it was a very good trade, i starting to get familiarized with this vehicle, it is very very good to trade, range bound market, and likes to RUN!!!!....i took my 20 ticks, but easily could have taken 50 ticks....anyway i leave here the analysis...in the attached image.


Greetings,...

Attached Thumbnails
Click image for larger version

Name:	TF 09-12 (10 Range)  28_06_2012 First Trade.jpg
Views:	179
Size:	177.8 KB
ID:	79379  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #32 (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 all, i have my chart ready, finish my morning prep, there are mixed sentiment in the markets, been friday i think there will be high volatility, with a good risk management lots of ticks could be made.
I see triple top in the crude but looking at momentum price could try to break the PHOD and test new highs.

See image attached,

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_29_2012 Morning Prep.jpg
Views:	112
Size:	294.1 KB
ID:	79508  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #33 (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 would like to share with you a fellow trader analysis about the current market.



"The euro currency futures are trading above the PHOD so were bullish on the Euro, but just like the other markets were wondering if the big jump on the news overnight is still strong enough to keep going higher. Were already seeing the highs start to form on these markets, and if the dollar index moves off the lows we will see EVERYTHING including the euro start to tumble"

The euro and the dollar index have the strongest correlation, along with other currency futures contracts, so beware the dollar index is going to be the one to move this euro today, or it may not, we shall see soon. We can see an easy spot to sell short at the highs of the bull price channel and the trigger-zone resistance at 2685 and 2775.

The gold futures market is also moving higher this morning with the dollar index dropping. Clearly there is fear in these markets or else the gold futures would not be moving higher on supposedly bullish news from Europe. Why would gold futures be rising? Fear! Sell these highs on gold this morning and remember the line in the sand on the dollar index is 81.685 and that will mean a rising dollar index off the lows will give us falling prices on the markets we trade.

Attached Thumbnails
Click image for larger version

Name:	6E 55 1.jpg
Views:	129
Size:	237.9 KB
ID:	79535   Click image for larger version

Name:	CL 55 1.jpg
Views:	102
Size:	263.8 KB
ID:	79536   Click image for larger version

Name:	DX 21 1.jpg
Views:	105
Size:	239.5 KB
ID:	79537   Click image for larger version

Name:	GC 55 1.jpg
Views:	88
Size:	239.5 KB
ID:	79538  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #34 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Price On crude seems to be waiting for an excuse to go lower, price are at extremes, momentum overbought.
Expect Rotation.

See attached image.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  6_29_2012 Major.jpg
Views:	110
Size:	279.8 KB
ID:	79783  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #35 (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 month, in a slow market, i went for 10 Ticks but got some slippage and got 9 ticks, but its ok, price broke a minor resistance, and held the base, so i decided to go long and ended well.

See image attached, the trade was in 5 range chart. (not my usual chart but in slow markets this works great!)

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (5 Range)  7_1_2012 FIRST TRADE JULY +9.jpg
Views:	106
Size:	219.7 KB
ID:	79790  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #36 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Markets are really choppy now, need a catalyst to move it...
im just sit on hands!.


Cheers.

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

Took some trades, but trade in choppy markets is not really the best, i have taken 3 trades, 1 loss 2 win, for a daily profit of +11 Ticks, the First trade it was a really not a good decision, market was short bias, and took a long in the "Middle" i really forgot "Dont fiddle with the middle".

But im positive now in my account... it is interesting how the market is reacting and i think "they" have something ready to announce or some news that will spark the market somewhere...

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  02_07_2012 Trades.jpg
Views:	106
Size:	183.1 KB
ID:	79888   Click image for larger version

Name:	CL 08-12 (10 Range)  02_07_2012.jpg
Views:	68
Size:	187.5 KB
ID:	79889  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #38 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Today, my lesson is: when choppy markets dominate, stay away, of course when you are a master you can trade any situation... but im not yet a master....so i stay away...

ended the day, +11 Ticks.... good?? bad?? at least my account is $110 plus and not minus!!!...

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  02_07_2012 NOTE.jpg
Views:	76
Size:	176.1 KB
ID:	79896   Click image for larger version

Name:	CL 08-12 (10 Range)  02_07_2012.jpg
Views:	64
Size:	187.5 KB
ID:	79897  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #39 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Well, after a relaxing day, it is time to make money!!!,

After a day off today will be exactly as a Monday!, market slow at early hours, and looking for fuel!!, dont forget today release the **Crude Oil Inventories** at 11 EDT, and we have news from Norway Oil,


- Norway oil industry group commented that Norway to lock out 6.5k workers from July 10th- Statoil prepares to shut down Norwegian shelf output and saw lost revenues from production halt at approx NOK520M/day- Norway Labor Ministry stated that the oil lockout was legal, decline to say if govt will intervene

This pushed the OIl prices Up,

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_5_2012.jpg
Views:	71
Size:	238.0 KB
ID:	80216  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #40 (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 Just closed my 3rd trade today, so far im +35 ticks, and i just will wait for Crude Oil inventories trade..The employment went well this helped the CL price go down a bit, to reach my target (Open).

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_5_2012 Today Trades.jpg
Views:	105
Size:	238.5 KB
ID:	80222   Click image for larger version

Name:	Today Trades.jpg
Views:	77
Size:	506.8 KB
ID:	80223  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #41 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Today we have the Crude Oil Inventories, and the market seems to be waiting for any excuse on make the money didn't made yesterday...

The Forecast is -1.6 M,

We will wait the Demand number,

If Inventories number comes higher (positive) or Negative but less that forecast,
and the demand number comes higher, price **SHOULD** Rise,

But if the Inventory number comes Lower and demand Lower Price **SHOULD** Fall.

NOTE: This obviously depends on market sentiment and personality, OIL LIKES TO FAKE THE NEWS, So could be an initial move against the main direction.

Greetings.

At the moment price is inside the Value Area Zone, and will check on any move outside this area

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  05_07_2012 Pre Inventories.jpg
Views:	111
Size:	164.2 KB
ID:	80235  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #42 (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 the Crude didn't reacted to the inventory number changed my mind and focused on Russell, and this gave me a trade. +20 Ticks. so i finish the day +55 Ticks Up.

Greetings.

Attached Thumbnails
Click image for larger version

Name:	TF 09-12 (10 Range)  05_07_2012 Last Trade of the day.jpg
Views:	126
Size:	172.1 KB
ID:	80256  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #43 (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 wanted to share this information with you, i really hope helps someone,

Trading with Murrey Math its for me: trading with the "all seeing eye"... in combination with momentum this could turn powerful, of course one need to know every level and what happens at this levels, BM has a very good thread on this.

But i just wanted to add my own vision about it..

for me all is about momentum and timing, reading the price action at this levels is what gives me the advantage.

i have attached an image explaining trading the 0/8 and 1/8 levels.

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (13 Range)  06_07_2012.jpg
Views:	203
Size:	196.8 KB
ID:	80520  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #44 (permalink)
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
 
Sunil P's Avatar
 
Posts: 292 since Jan 2012

Thats why alot of traders SIM....lose nothing.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #45 (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 Sunil,

You are totally right, altough i dont get where your comment goes since i trade a live account with AMP clearing and i can show you proof, i think you should ask before to make an statement addressed like this one.


Have a great trading.!!!





Sunil P View Post
Thats why alot of traders SIM....lose nothing.


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #46 (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 know Sunday is very slow for trading, and could be volatile, but also there is a lot to learn on Sundays about the personality of this market.. and what i want to learn is if the market respects the important levels or if they arent worth a dime on sundays.

im testing the murrey math levels today. and just found a test on the 0/8 level.

lets see what happens.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_8_2012.jpg
Views:	119
Size:	220.1 KB
ID:	80591  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #47 (permalink)
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
 
Sunil P's Avatar
 
Posts: 292 since Jan 2012


JDNeeman View Post
Hello Sunil,

You are totally right, altough i dont get where your comment goes since i trade a live account with AMP clearing and i can show you proof, i think you should ask before to make an statement addressed like this one.


Have a great trading.!!!

Hi JD,
that was meant for jsn...

Sometimes good to throw a spitter down the plate.

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

Today i tried to test the market to see if i could be able to trade on Sundays, i just realized that i have to "stay away of trading on Sunday" this for my own good.

i have attached an image explaining my test,

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_8_2012.jpg
Views:	90
Size:	220.1 KB
ID:	80615   Click image for larger version

Name:	CL 08-12 (10 Range)  7_8_2012 NO trading sunday.jpg
Views:	86
Size:	268.8 KB
ID:	80616  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #49 (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,

im testing today how Divergence work between price and the volume oscillator indicator with settings of 13 and 21, so far seems that could work, and since price and volume are related i could say that could result in a good test.

have attached an image showing some opportunities as well a live trade i took for 5 ticks only...later the price fall hard...but m testing....


Greetings

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_10_2012 Volume Oscillator.jpg
Views:	145
Size:	260.4 KB
ID:	80793  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #50 (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 have some days without scalp the crude, today i decided to remember scalping...

So i have made 5 trades of +5 ticks each. for a daily total of $250.00
i have used the breaker pattern or thunder pattern, this uses swing breaking to trigger buy/sell orders.

Cheers.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (5 Range)  10_07_2012 trades for July 10.jpg
Views:	135
Size:	201.8 KB
ID:	80822  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #51 (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 would like to address this report "Commitment of Traders" as of July the 3rd,
on How the Fat Boys are positioning themselves about the Crude.

How do you interpret this Data??

Attached Thumbnails
Click image for larger version

Name:	Commitment of traders July.jpg
Views:	763
Size:	214.3 KB
ID:	80830  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #52 (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 a trade based on the report Crude Oil inventories, it came lower that forecast and demand came lower also, so, this means NO growing so there is no need of crude PRICE should FALL!!!..


and i shorted for a 50 Tick runner,

Cheers.,

Attached Thumbnails
Click image for larger version

Name:	Crude Oil Inventories Trade Profit.jpg
Views:	1296
Size:	205.6 KB
ID:	80947   Click image for larger version

Name:	CL 08-12 (5 Range)  11_07_2012 Crude Oil Inventories Trade.jpg
Views:	765
Size:	189.8 KB
ID:	80948  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #53 (permalink)
Napa Valley , Ca.
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Currency Futures
 
trade65's Avatar
 
Posts: 26 since Aug 2011
Thanks: 816 given, 67 received


JDNeeman View Post
Hello.

I wanted to share this information with you, i really hope helps someone,

Trading with Murrey Math its for me: trading with the "all seeing eye"... in combination with momentum this could turn powerful, of course one need to know every level and what happens at this levels, BM has a very good thread on this.

But i just wanted to add my own vision about it..

for me all is about momentum and timing, reading the price action at this levels is what gives me the advantage.

i have attached an image explaining trading the 0/8 and 1/8 levels.

Greetings.

Hi @JDNeeman

Thanks for sharing your journal and thoughts on the trades you take. I wanted to direct you to this thread started by @Fat Tails . He has looked at the NT7 Murray Math indicator and concept in depth and has some findings that you may want to be aware of.



I look forward to reading more of your journal.

Thanks Again,

Sean

Reply With Quote
The following user says Thank You to trade65 for this post:
 
(login for full post details)
  #54 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Sean!!

Thanks for the info, i will take a look at it..

Best Reagards.




trade65 View Post
Hi @JDNeeman

Thanks for sharing your journal and thoughts on the trades you take. I wanted to direct you to this thread started by @Fat Tails . He has looked at the NT7 Murray Math indicator and concept in depth and has some findings that you may want to be aware of.



I look forward to reading more of your journal.

Thanks Again,

Sean


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #55 (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 day to all,

Today we have another news event that moves the market and is the "Unemployment Claims" expected at 376K, of course if this number comes lower than the forecast this is good for the USD, and since we have negative correlation between the USD Index and Crude if news come positive for the Dollar the crude is likely to fall and the contrary is also valid.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_12_2012.jpg
Views:	608
Size:	261.6 KB
ID:	81052   Click image for larger version

Name:	DX 09-12 (10 Range)  7_12_2012 Analysis.jpg
Views:	343
Size:	242.2 KB
ID:	81053   Click image for larger version

Name:	Correlation 12 july.JPG
Views:	345
Size:	67.8 KB
ID:	81054  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #56 (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 see the market testing the PLOD @ 8468, i will buy on retracement after break of this level, i will check on momentum, and speed in the tape.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (5 Range)  12_07_2012 trade plan.jpg
Views:	366
Size:	165.5 KB
ID:	81075  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #57 (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 All,


Ive been a fan of Divergence for quite some time, and i found an indicator here in futures.io (formerly BMT) that let me try any combination between price and any indicator, so ive been testing and have found that trading divergence between price and VOLUME, is the most accurate one, more that stochastics?? my answer is YES!!, so i would like to share with you this indicator maybe helps someone.

the indicator can be found here

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  13_07_2012 Comparative VOL II.jpg
Views:	740
Size:	164.0 KB
ID:	81335   Click image for larger version

Name:	CL 08-12 (10 Range)  13_07_2012 Divergence Spot.jpg
Views:	754
Size:	164.7 KB
ID:	81336  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #58 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Some of you maybe wondering how to use the indicator i talked about in the Elite Download section, i wanted to add some details on how **I use it** and combination you can do with the indicators you choose.

I will explain with images because is easier to understand it,

---> In Image one you will see ive selected the indicator, there you can see my settings on how the indicator works better also, i have pointed a button at the right side of imput series when you click on that button..

---> Image two you see how it looks when you click on the Button for imput series when you select an indicator shows you the settings and this you change at your will, then you just click ok, and you are done.

NOTE: on image three i have pointed that is very important that you select the chart time frame you are using as you can see in the image i have 10 and range, that is because i have placed the indicator in a 10 range bar chart.

greetings.

Attached Thumbnails
Click image for larger version

Name:	Div-Settings II.jpg
Views:	1181
Size:	160.3 KB
ID:	81466   Click image for larger version

Name:	Div-Settings III.jpg
Views:	1097
Size:	182.3 KB
ID:	81467   Click image for larger version

Name:	Div-Settings price data.jpg
Views:	1037
Size:	164.6 KB
ID:	81468  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #59 (permalink)
Australia
 
Experience: Intermediate
Platform: ninjatrader
Trading: fdax , ES,6E,CL
 
Posts: 36 since Jan 2010
Thanks: 61 given, 28 received


JDNeeman View Post
Hello,

Good day to all,

Today we have another news event that moves the market and is the "Unemployment Claims" expected at 376K, of course if this number comes lower than the forecast this is good for the USD, and since we have negative correlation between the USD Index and Crude if news come positive for the Dollar the crude is likely to fall and the contrary is also valid.

Can I ask where did you obtain the " relative quote " indicator?? looks great in combination with divergence

Reply With Quote
 
(login for full post details)
  #60 (permalink)
Dallas/Tx
 
Experience: Advanced
Platform: NinjaTrader
Trading: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

JDNeeman I'm wondering what "indicator" you used. In your pictures it shows the MACD. I put that up and couldn't get my chart to have the signals you have on yours. So what indicator are you using? Also I understand you have to select the time fram your using in the divergence indicator, and I had done that to, and still couldn't get it to match yours. Thanks.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #61 (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,

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.!!


Upupandaway View Post
JDNeeman I'm wondering what "indicator" you used. In your pictures it shows the MACD. I put that up and couldn't get my chart to have the signals you have on yours. So what indicator are you using? Also I understand you have to select the time fram your using in the divergence indicator, and I had done that to, and still couldn't get it to match yours. Thanks.


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

Hi,

what do you mean by "relative quote indicator" and which image are you looking...to help you out!!..

cheers-


Don Laing View Post
Can I ask where did you obtain the " relative quote " indicator?? looks great in combination with divergence


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #63 (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 open, was a perfect example on how to trade Rotational moves, using Volume Profile, Price was testing Value Area High @ 87.30, Our indicator spotted a Negative divergence between price and volume and momentum was overbought, price couldn't go higher, then the ration started all the way down to test the Value Area Low @ 86.70, this setup happens often and could be all the opposite too, (from low to high) this is perfect to trade on Sundays, (although i don't trade on Sundays) could be a profitable setup.


cheers!!!

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (10 Range)  7_15_2012 Sunday Open.jpg
Views:	635
Size:	223.8 KB
ID:	81491  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #64 (permalink)
atalanta, ga
 
Experience: Beginner
Platform: ninja trader
Trading: cl
 
Posts: 8 since Aug 2011
Thanks: 1,559 given, 6 received

JD

What are you using to plot the VAL / VAH and POC?

Thanks, awesome journal and looking forward to learning more.

Panama

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

Hi Panama,

Thanks for your encouraging words!!, i use an indicator called "dValueArea" which you can find here ,


Be Safe!!


panama View Post
JD

What are you using to plot the VAL / VAH and POC?

Thanks, awesome journal and looking forward to learning more.

Panama


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #66 (permalink)
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 since Jan 2011
Thanks: 14 given, 234 received


JDNeeman View Post
Hi Panama,

Thanks for your encouraging words!!, i use an indicator called "dValueArea" which you can find here ,


Be Safe!!

JD, thanks for posting, seems to help me trading. I have a question regarding your divergence
indicator. Could you explain or image your settings for your volume and price divergence inputs for
the divergence indicator. Or basically your settings.

Thanks
Hector

Reply With Quote
 
(login for full post details)
  #67 (permalink)
Australia
 
Experience: Intermediate
Platform: ninjatrader
Trading: fdax , ES,6E,CL
 
Posts: 36 since Jan 2010
Thanks: 61 given, 28 received


JDNeeman View Post
Hi,

what do you mean by "relative quote indicator" and which image are you looking...to help you out!!..

cheers-

Hello

The image on page 6 of thread July 12 Sorry I should have written " relative performance" indicator

The divergence indicator is great.

Don

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

Hi, Don,

No problem, i use this indicator to spot correlation between the markets i trade and USD Index, normally if USD is above/below 0.2/-0.2 you can say that a correlation is working, i mean if USD goes higher the Crude, Russell, etc will go lower and IF USD is lower the rest should be higher, also helps you to "see" the overall direction of any market, so you can go with the trend and decide for higher % entries.

you can find the data here Futures Performance and is free, you should refresh the page to see updated info.



Greetings.


Don Laing View Post
Hello

The image on page 6 of thread July 12 Sorry I should have written " relative performance" indicator

The divergence indicator is great.

Don


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

Not a problem, i have attached an image with the settings i use for Divergence indicator with Volume,.
Hope it helps. any question please let me know.

Cheers.




hector24 View Post
JD, thanks for posting, seems to help me trading. I have a question regarding your divergence
indicator. Could you explain or image your settings for your volume and price divergence inputs for
the divergence indicator. Or basically your settings.

Thanks
Hector


Attached Thumbnails
Click image for larger version

Name:	Divergence settings with Volume.JPG
Views:	517
Size:	113.2 KB
ID:	81514  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #70 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Good Morning to all,

We have some important news right at 8:30 AM ET, that impact directly on Crude and USD, at the moment, i see the USD overbought but could gather momentum and continue up if the news are really good, this will bring the Crude down, it looks poised to test the PLOD, all this will be clear after the news.

so far we have a good correlation between USD and Crude and Russell, USD +0.3, CRude -0.4, Russell -0.4

Greetings.

Attached Thumbnails
Click image for larger version

Name:	My Desktop ready to trading today.JPG
Views:	331
Size:	418.8 KB
ID:	81515   Click image for larger version

Name:	fut_image.png
Views:	201
Size:	42.4 KB
ID:	81516  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #71 (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 had some minutes to take this trade, i saw price test VAH, mometum overbought, and breaker pattern.

so i closed this trade for +16 ticks.

Cheers!!!

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (5 Range)  16_07_2012 First Trade +16 ticks.jpg
Views:	282
Size:	170.1 KB
ID:	81543   Click image for larger version

Name:	CL 08-12 (5 Range)  16_07_2012 Support.jpg
Views:	192
Size:	155.4 KB
ID:	81544  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #72 (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 wanted to share with you the new value areas for the next session/trading day, it looks promising for slow trading during Asia and Europe, check it out!!

Greetings.

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (4 BetterRenko)  16_07_2012 NEW VA.jpg
Views:	228
Size:	155.4 KB
ID:	81600  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #73 (permalink)
Australia
 
Experience: Intermediate
Platform: ninjatrader
Trading: fdax , ES,6E,CL
 
Posts: 36 since Jan 2010
Thanks: 61 given, 28 received


JDNeeman View Post
Hi, Don,

No problem, i use this indicator to spot correlation between the markets i trade and USD Index, normally if USD is above/below 0.2/-0.2 you can say that a correlation is working, i mean if USD goes higher the Crude, Russell, etc will go lower and IF USD is lower the rest should be higher, also helps you to "see" the overall direction of any market, so you can go with the trend and decide for higher % entries.

you can find the data here Futures Performance and is free, you should refresh the page to see updated info.



Greetings.

JD
Excellent & thanks for the prompt reply
All the best
Don

Reply With Quote
 
(login for full post details)
  #74 (permalink)
Mercer Island WA
 
Experience: Advanced
Platform: Ninjatrader/Strategy Desk
Broker: Various
Trading: TF/NQ/ES/Stocks
 
djkiwi's Avatar
 
Posts: 561 since May 2010
Thanks: 981 given, 1,551 received


JDNeeman View Post
Hi Panama,

Thanks for your encouraging words!!, i use an indicator called "dValueArea" which you can find here ,


Be Safe!!

@JDNeeman,

Hi JD, nice work on the divergence indicator. You probably want to use a different indicator than dvaluearea as it is quite inaccurate. I'm not entirely sure but I think it uses minute data. It is way off particularly on trend days when the profile is elongated.

I've attached an indicator built by Davidfa using tick data which takes data from Gommp which I know to be accurate. You can extract the VAL, VAH and POC Values.

Cheers
DJ

Attached Files
Register to download File Type: cs N10tGomPOCVA2.cs (18.4 KB, 96 views)
Reply With Quote
The following 3 users say Thank You to djkiwi for this post:
 
(login for full post details)
  #75 (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 have been working hard all morning , had some time for a couple of trades, today we had the crude oil inventories that couldnt trade but it moved the market, i think we are in transition period, well well see...

I have attached the trades i made today.

Cheers.!!!

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (4 BetterRenko)  18_07_2012 Today trades.jpg
Views:	279
Size:	178.6 KB
ID:	81882   Click image for larger version

Name:	CL 08-12 (4 BetterRenko)  18_07_2012 Today trades II.jpg
Views:	176
Size:	185.6 KB
ID:	81883  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #76 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

Great!!, Thanks i will try it...


Appreciate your help!!


djkiwi View Post
@JDNeeman,

Hi JD, nice work on the divergence indicator. You probably want to use a different indicator than dvaluearea as it is quite inaccurate. I'm not entirely sure but I think it uses minute data. It is way off particularly on trend days when the profile is elongated.

I've attached an indicator built by Davidfa using tick data which takes data from Gommp which I know to be accurate. You can extract the VAL, VAH and POC Values.

Cheers
DJ


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #77 (permalink)
Toronto
 
Experience: Intermediate
Platform: NinjaTrader, TOS
Broker: Rithmic
Trading: CL
 
Posts: 17 since Aug 2009
Thanks: 1 given, 9 received

I use a custom chart type called the HybridRenko. Is there a way for me to use this chart type with the divergence indicator. It does not appear as a selectable option in the Price Type parameter option.

Reply With Quote
 
(login for full post details)
  #78 (permalink)
Detroit, Michigan
 
Experience: Beginner
Platform: Ninja Trader
Trading: Futures
 
Posts: 299 since Nov 2011
Thanks: 497 given, 286 received

Hi JDNeeman, can you point me to the indicator at the bottom of your charts "Volume Oscillator divergence with price"

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

Im Afraid is not possible....

But let me check if i find a solution ill let you know.

Cheers.


TraderG View Post
I use a custom chart type called the HybridRenko. Is there a way for me to use this chart type with the divergence indicator. It does not appear as a selectable option in the Price Type parameter option.


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #80 (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, you can download this indicator and select Volume Oscillator from the indicators list at the Data Series option.

Greetings.





TrendTraderBH View Post
Hi JDNeeman, can you point me to the indicator at the bottom of your charts "Volume Oscillator divergence with price"


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

Attached Thumbnails
Click image for larger version

Name:	CL 08-12 (4 BetterRenko)  19_07_2012.jpg
Views:	192
Size:	163.8 KB
ID:	81990  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #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!!

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

Attached Thumbnails
Click image for larger version

Name:	CL 09-12 (4 BetterRenko)  19_07_2012 Today Trades.jpg
Views:	188
Size:	151.2 KB
ID:	82006  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #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

Attached Thumbnails
Click image for larger version

Name:	CL 09-12 (4 BetterRenko)  19_07_2012 End Of Day.jpg
Views:	115
Size:	158.8 KB
ID:	82018  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #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

Attached Thumbnails
Click image for larger version

Name:	CL 09-12 (4 BetterRenko)  20_07_2012 Wedge.jpg
Views:	93
Size:	167.2 KB
ID:	82100  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #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.

Attached Thumbnails
Click image for larger version

Name:	CL 09-12 (4 BetterRenko)  20_07_2012 Only Trade.jpg
Views:	138
Size:	153.4 KB
ID:	82128  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #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

Attached Thumbnails
Click image for larger version

Name:	32 TIcks.jpg
Views:	132
Size:	461.3 KB
ID:	82242   Click image for larger version

Name:	CL 09-12 (5 Range)  7_22_2012 Sunday Trade.jpg
Views:	107
Size:	226.3 KB
ID:	82243  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #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.

Attached Thumbnails
Click image for larger version

Name:	My Desktop Setup.jpg
Views:	203
Size:	734.2 KB
ID:	82251   Click image for larger version

Name:	Desktop.jpg
Views:	138
Size:	753.0 KB
ID:	82252  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #89 (permalink)
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 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

Reply With Quote
The following user says Thank You to hector24 for this post:
 
(login for full post details)
  #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


Attached Thumbnails
Click image for larger version

Name:	CL 09-12 (10 Range)  7_22_2012 JDNeeman Trading Way.jpg
Views:	211
Size:	304.3 KB
ID:	82260  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #91 (permalink)
austin, texas
 
Experience: Intermediate
Platform: ninja trader
Trading: currency futures
 
Posts: 506 since Jan 2011
Thanks: 14 given, 234 received


JDNeeman View Post
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.

Thanks JD, your very nice. I appreciate you explaining your trading methology. I know it is helping me and others that are trying to be profitable. I am still trying to grasp your set up for the divergence indicator. For the inputs do you put in your stochastic then go to to the next window and put in volume for your input during the same process. Just can't seem to follow the settings. Or do you simply put in the divergence indicator and put in volume for the input. If this is the case what shows you that you have a divergence, the arrows? Just want to make sure I am doing things correctly.

Also is your stochastic set at 3,9,3 and which line are you using. It seems to be just one line.

Thanks
Hector

Reply With Quote
 
(login for full post details)
  #92 (permalink)
Australia
 
Experience: Intermediate
Platform: ninjatrader
Trading: fdax , ES,6E,CL
 
Posts: 36 since Jan 2010
Thanks: 61 given, 28 received


hector24 View Post
Thanks JD, your very nice. I appreciate you explaining your trading methology. I know it is helping me and others that are trying to be profitable. I am still trying to grasp your set up for the divergence indicator. For the inputs do you put in your stochastic then go to to the next window and put in volume for your input during the same process. Just can't seem to follow the settings. Or do you simply put in the divergence indicator and put in volume for the input. If this is the case what shows you that you have a divergence, the arrows? Just want to make sure I am doing things correctly.

Also is your stochastic set at 3,9,3 and which line are you using. It seems to be just one line.

Thanks
Hector

The reply to Hector is excellent - thanks fromthe rest of us looking in
Don Laing

Reply With Quote
 
(login for full post details)
  #93 (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,

Regarding the Divergence indicator, i simply put in the divergence indicator and set volume in the imput series, and the arrows show me the divergence signals, i dont need to have volume in the chart just the arrows that show me the divergence signals,

In the stochastic i just use the K line. with 3,9,3 settings.

Cheers.

JD





hector24 View Post
Thanks JD, your very nice. I appreciate you explaining your trading methology. I know it is helping me and others that are trying to be profitable. I am still trying to grasp your set up for the divergence indicator. For the inputs do you put in your stochastic then go to to the next window and put in volume for your input during the same process. Just can't seem to follow the settings. Or do you simply put in the divergence indicator and put in volume for the input. If this is the case what shows you that you have a divergence, the arrows? Just want to make sure I am doing things correctly.

Also is your stochastic set at 3,9,3 and which line are you using. It seems to be just one line.

Thanks
Hector


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #94 (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 had some minutes to trade, and saw this opportunity to go short, for a quick trade, i saw momentum overbought on both charts 10 and 5 Range, and took the trade using a breaker pattern, for a quick 10 ticks 2 contracts, quick $200. enough for my busy day!!:..


See images attached,

Attached Thumbnails
Click image for larger version

Name:	CL 09-12 (5 Range)  23_07_2012 Today Trade.jpg
Views:	211
Size:	156.5 KB
ID:	82335   Click image for larger version

Name:	Combine Trade.jpg
Views:	126
Size:	298.4 KB
ID:	82336  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #95 (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 wanted to share with you my analysis and what im expecting the market do to trigger my trades, either short or long.

Cheers.

JD

Attached Thumbnails
Click image for larger version

Name:	CL 09-12 (10 Range)  23_07_2012 Afternoon Analysis.jpg
Views:	140
Size:	167.4 KB
ID:	82356  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #96 (permalink)
El Salvador/Israel
 
Experience: Intermediate
Platform: Ninjatrader 7
Broker: GlobalFutures/AMPClearing
Trading: CL, GC, TF
 
JDNeeman's Avatar
 
Posts: 522 since Apr 2012

What does this tells you??

See Image

Attached Thumbnails
Click image for larger version

Name:	BLock selling.jpg
Views:	166
Size:	297.5 KB
ID:	82368  
Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #97 (permalink)
Argentina
 
Experience: Intermediate
Platform: Ninja
Broker: Zen Fire / IB
Trading: ES, TF, 6E, CL
 
gtichauer's Avatar
 
Posts: 379 since Jul 2009
Thanks: 807 given, 297 received


JDNeeman View Post
What does this tells you??

See Image

Thanks or sharing. I see u r pretty consistent. Can u elaborate in more detail how u set up and use T&S windows
Is it a speed of tape indi u have below them?

And u used in one post an indi that plotted pivots with a blu line and the priceit was.....I think it was on euro....which was this?


Thanks

GT
Follow me on Twitter Reply With Quote
 
(login for full post details)
  #98 (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 have a non filtered T&S window, and a 15 contract with 50 block alert filtered window, to see where the medium and the big money is heading, this being buying, selling or covering long/short positions, in the image i posted you can see that a big block of 160 contract "red" meaning at first glance selling!! but it was all the contrary they where covering short positions signaling that a reverse up could happen during overnight session.

I use Pace of Tape indicator the one you see in a 13 tick chart, to see speed in the tape.

about the last question im not really sure of which image if you found it, please let me know which to guide you to the indicator,.


Cheers.

JD


gtichauer View Post
Thanks or sharing. I see u r pretty consistent. Can u elaborate in more detail how u set up and use T&S windows
Is it a speed of tape indi u have below them?

And u used in one post an indi that plotted pivots with a blu line and the priceit was.....I think it was on euro....which was this?


Thanks


Visit my futures io Trade Journal Started this thread Reply With Quote
 
(login for full post details)
  #99 (permalink)
Argentina
 
Experience: Intermediate
Platform: Ninja
Broker: Zen Fire / IB
Trading: ES, TF, 6E, CL
 
gtichauer's Avatar
 
Posts: 379 since Jul 2009
Thanks: 807 given, 297 received


JDNeeman View Post
Hello,


about the last question im not really sure of which image if you found it, please let me know which to guide you to the indicator,.


Cheers.

JD

It is post #33. Thanks.

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

Heat Map: What is it telling us?
Bearish dollar index = bullish markets
OHLC Analysis:
3/4 tells us short-side bias
Overnight Highs & Lows:
Well below them both, says bearish

Are we inside or outside day today?
Outside day, below the PLOD
What price-structures do we see?
Price wedge : bullish
Price channel : major bullish
Trigger-zone : we have 3
AB=CD Pattern : 2 bearish AB=CD Pattern
Zig-Zag: nothing at this time, we need to buy at the lows of the bull price channel.
Double-top / Double-bottom: has been violated by new higher-highs.
Range Highs and Lows: we can see a range from the recent highs down to recent lows, marked in RED box.
Where will a reversal be likely today?
The dollar index will likely reverse at the trigger-zone support 82.800 level
Where would the smart money be trading today?
Around the trigger-zone support is where we assume traders will be reacting.

Attached Thumbnails
Click image for larger version

Name:	DX 89 1.jpg
Views:	144
Size:	307.3 KB
ID:	82725  
Visit my futures io Trade Journal Started this thread Reply With Quote


futures io Trading Community Trading Journals > Crude Oil trading


Last Updated on November 24, 2016


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Call Option Buying: The New Pain Trade? w/Carley Garner

Elite only
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

New Challenge (TBD)

April
     



Copyright © 2021 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