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Trading Journal - Day Trading Crude Oil with Fibs & S/R


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Trading Journal - Day Trading Crude Oil with Fibs & S/R

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  #21 (permalink)
California
 
Experience: Intermediate
Platform: MT4, TOS
Trading: /ES /CL
 
Posts: 105 since Feb 2012
Thanks: 15 given, 115 received

Glad to see people trading this method here on futures.io (formerly BMT)! I have learned much from DH as well and I'm currently experimenting trading this on the tick charts with ES & CL. What I have in process right now is developing my own set of rules for trading that fits my personality. Will be following along. Good luck

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  #22 (permalink)
SLC, UT
 
Experience: Intermediate
Platform: Sierra
Trading: ES CL
 
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Posts: 108 since Mar 2013
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DoubleClick View Post
Glad to see people trading this method here on futures.io (formerly BMT)! I have learned much from DH as well and I'm currently experimenting trading this on the tick charts with ES & CL. What I have in process right now is developing my own set of rules for trading that fits my personality. Will be following along. Good luck

Feel free to post a screenshot of what your looking at or your rules or whatever you would like. Tick charts are the way to go because they open up the high volatility times and allow you to see more price action rather than a single candle on a 5 min chart or whatever time frame you are looking at.

I posted my rules above but have a few changes already and will be posting those.

I like to hear of other DH traders out there cause they are most likely on the same page as me. I still have alot to learn but feel ahead having been down that road for a few years.

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  #23 (permalink)
New York, NY
 
Experience: Intermediate
Platform: Sierra Chart, thinkorswim
Broker: Amp-Rithmic/TT, IB
Trading: CL, GC, NQ
 
Posts: 573 since Nov 2010
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DoubleClick View Post
Glad to see people trading this method here on futures.io (formerly BMT)! I have learned much from DH as well and I'm currently experimenting trading this on the tick charts with ES & CL. What I have in process right now is developing my own set of rules for trading that fits my personality. Will be following along. Good luck

Same here. In case anyone recognizes screennames from EA/DH's site, I was n00btrader, in the room since the beginning in late 2008, until mid 2011 (then less active, as Futures Operator).

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  #24 (permalink)
California
 
Experience: Intermediate
Platform: MT4, TOS
Trading: /ES /CL
 
Posts: 105 since Feb 2012
Thanks: 15 given, 115 received


gsl8r View Post
Feel free to post a screenshot of what your looking at or your rules or whatever you would like. Tick charts are the way to go because they open up the high volatility times and allow you to see more price action rather than a single candle on a 5 min chart or whatever time frame you are looking at.

I posted my rules above but have a few changes already and will be posting those.

I like to hear of other DH traders out there cause they are most likely on the same page as me. I still have alot to learn but feel ahead having been down that road for a few years.

I'll try when I get a chance. I like the tick charts because it's quick and most of the time, price bounces at the 50% and goes straight to target or breaks below 61.8%. Higher time frame sometimes give you many bounces on 50% before anything happens. I like ES/CL/NQ with this.

I also rarely use extensions in the tick charts. I have my own set of rules regarding how to draw the fibs. Again, it's work in process and I still have many kinks to sort out.

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  #25 (permalink)
California
 
Experience: Intermediate
Platform: MT4, TOS
Trading: /ES /CL
 
Posts: 105 since Feb 2012
Thanks: 15 given, 115 received

my current set-up on the ES

the MM from current level will bring us to the 50% of wednesday high to low. from there i'm expecting current long moves to break their 61.8% and provide a nice short entry with a halfway back.

if the current 61.8% breaks at 1647.50 then i'll be looking to short pullbacks

if current move up continues higher and breaks 61.8% of halfway back from wednesday's high, i think ES will be going much higher.

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  #26 (permalink)
SLC, UT
 
Experience: Intermediate
Platform: Sierra
Trading: ES CL
 
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Posts: 108 since Mar 2013
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DoubleClick View Post
my current set-up on the ES

the MM from current level will bring us to the 50% of wednesday high to low. from there i'm expecting current long moves to break their 61.8% and provide a nice short entry with a halfway back.

if the current 61.8% breaks at 1647.50 then i'll be looking to short pullbacks

if current move up continues higher and breaks 61.8% of halfway back from wednesday's high, i think ES will be going much higher.

Looks good @DoubleClick thanks for the charts. I see that you have simplified your charts like mine by going to bar and single color. I really like them that way. I saw someone else on futures.io (formerly BMT) with their charts like that and I've never looked back.

You just focusing on the ES? Or are you trading anything else?

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  #27 (permalink)
SLC, UT
 
Experience: Intermediate
Platform: Sierra
Trading: ES CL
 
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Posts: 108 since Mar 2013
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Futures Operator View Post
Same here. In case anyone recognizes screennames from EA/DH's site, I was n00btrader, in the room since the beginning in late 2008, until mid 2011 (then less active, as Futures Operator).

I do recognize that name from the chat room. I was just gsl8r but I rarely participated in his chat room only asking a few questions every now and again. I mainly watched the webinar which was always top notch. I was in there from July 2010 to April 2012.

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  #28 (permalink)
California
 
Experience: Intermediate
Platform: MT4, TOS
Trading: /ES /CL
 
Posts: 105 since Feb 2012
Thanks: 15 given, 115 received


gsl8r View Post
Looks good @DoubleClick thanks for the charts. I see that you have simplified your charts like mine by going to bar and single color. I really like them that way. I saw someone else on futures.io (formerly BMT) with their charts like that and I've never looked back.

You just focusing on the ES? Or are you trading anything else?

ES and CL. Lately I'm observing NQ

Since we are just trading price, bar chart is best because it filters out a lot of unnecessary stuff.

Do you have any trades with CL today? I initiated the first halfway back with stop currently at breakeven. I anticipate the 50% support breaking at 93.34 since this is third attempt at it but anything can happen.

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  #29 (permalink)
SLC, UT
 
Experience: Intermediate
Platform: Sierra
Trading: ES CL
 
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Posts: 108 since Mar 2013
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DoubleClick View Post
ES and CL. Lately I'm observing NQ

Since we are just trading price, bar chart is best because it filters out a lot of unnecessary stuff.

Do you have any trades with CL today? I initiated the first halfway back with stop currently at breakeven. I anticipate the 50% support breaking at 93.34 since this is third attempt at it but anything can happen.

I didn't take any trades on Memorial day, no participation.

Today looks a bit better. One thing I have noticed is that price will come back halfway into its OR before moving to target, which also coresponds to th 50% line.

Took one trade short this morning at 95.64. Now waiting.....

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  #30 (permalink)
SLC, UT
 
Experience: Intermediate
Platform: Sierra
Trading: ES CL
 
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Posts: 108 since Mar 2013
Thanks: 102 given, 67 received


This is for any EA/DH traders out there trading CL

Have any of you ever drawn your fibs on CL from the daily or weekly pivot lines? I have noticed again and again bounces based on those drawings.

Attached is an example of a draw long from the weekly pivot and a perfect bounce on the 50% line at 95.20.

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September 5, 2013


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