Trading Crude : A level approach - Trading Journals | futures io social day trading
futures io futures trading


Trading Crude : A level approach
Updated: Views / Replies:3,183 / 52
Created: by Satch Boogie Attachments:50

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 50  
 
Thread Tools Search this Thread
 

Trading Crude : A level approach

  #11 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received

imo ... the levels seem to attract price as I suspectd but my interpretation (as a standalone tool) with CL has not been very good.

As stated earlier an additional short would be taken in the journal at 99.55 and that is the case.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #12 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received

I am going to modify my approach with regards to CL in this journal. I am as convinced as ever that these levels work on CL just as well as they have for me on other instruments, but interpreting the reaction to those levels has been unique to CL, at least this week.

I will be back after I run some more simulations and will begin again with system #2 as stated in the first post.

In the meantime we are only on the 3rd day of the month and the first monthly level is already in play. This has been a very strong upward move. Unless some massive selling pressure arrives I think 102.80 (1st monthly level) is the next upside target. It is only 6:30 am central time and we are already above the upper daily level (100.76).

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #13 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received


For what it's wroth, chart with 2nd levels for the daily and weekly.

Price bouncing between daily level 1 and 2, and weekly level 2 right below monthly level 1.

Anyway, have a great 4th ... will be back posting again down the road. Best of luck.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #14 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received

Should be an interesting week in crude. Chart is where price sits in relationship to last weeks levels.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #15 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received

One last post for a while. I am going to let some modifications I made run in automated / simulated mode against a live data feed and see where the PNL ends up after a few weeks.

If any of you trade levels or believe in the concept feel free to comment and we can exchange ideas / concepts. Best of luck. Crude has certainly been an interesting trade the last few weeks.

On a discretionary basis, I would love see a pullback to the 104.9 / 104.5 range to get long with a target of 106.25.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #16 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received

Discretionary trade, not system trade.

Short from 105.15
Target 103.65
Stop 105.65

Reply With Quote
 
  #17 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received

109.36 - 109.55 area looks likely.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #18 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received

Missed by a tick of touching the daily upper level, then a retest of yesterdays upper level.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #19 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received

Obviously a very strong month for crude but price was rejected at the monthly 2nd standard deviation level. Since then we have dipped below the Quarterly 1st standard deviation level but re-tested that again today.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
 
  #20 (permalink)
Trading for Fun
St. Louis Mo., USA
 
Futures Experience: Advanced
Platform: Esignal
Favorite Futures: Forex / ES
 
Posts: 75 since Jul 2012
Thanks: 6 given, 79 received


A view of July with just the monthly and quarterly levels.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote

Reply



futures io > > > Trading Crude : A level approach

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
THE CLIFFS NOTES VERSION OF MY APPROACH TO TRADING tigertrader Beginners and Introductions 3 July 8th, 2015 03:28 PM
Trading Journal - Day Trading Crude Oil with Fibs & S/R greg9 Trading Journals 83 September 5th, 2013 04:48 PM
Why would crude make high after crude pit is closed? bradkop Commodities Futures Trading 48 August 18th, 2013 11:24 AM
Trading CL using a fibonancci approach Brewer20 Trading Journals 85 May 4th, 2013 08:43 PM
IMSTradings' Project Approach to Futures Trading IMSTrading Elite Trading Journals 7 September 21st, 2012 04:27 PM


All times are GMT -4. The time now is 01:55 AM.

Copyright © 2017 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
Page generated 2017-12-11 in 0.11 seconds with 20 queries on phoenix via your IP 54.226.34.209