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I Wanna be a Professional Trader on Crude Oil Market


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I Wanna be a Professional Trader on Crude Oil Market

  #91 (permalink)
 
Liquidity Taker's Avatar
 Liquidity Taker 
Plymouth, Michigan
 
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Get off the hamster wheel, the sooner the better. https://www.tradingschools.org/topstep-trader-vs-oneup-trader/


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  #92 (permalink)
 
Liquidity Taker's Avatar
 Liquidity Taker 
Plymouth, Michigan
 
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yawaniga View Post




There's new bar type (OFA Bar) with OFA Algo interface @TSTrader (New recommended Platform from TST)



Anyone aware about this OFA Bar, Pls Share ur views.



I have ofa it's pretty good but I have been using probe and rotation chars for over 10 years


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  #93 (permalink)
 
Liquidity Taker's Avatar
 Liquidity Taker 
Plymouth, Michigan
 
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Broker: Ninja, TradeStation
Trading: ES
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Here is a screenshot of OFA on oil today basically the bars have the highest volume concentration on the along with other tool like VP that you can plot from any point (starting/ending) but the most useful thing I have found is the CumulativeVWAP (see Midas) which you can start from any point usually a high/low and can provide some useful info.


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  #94 (permalink)
svedan
Munich
 
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@yawaniga

Would be nice, if you post entrys and exits, just a mere chart is a bit litte.
In my opinion.

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  #95 (permalink)
yawaniga
chennai/india
 
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svedan View Post
@yawaniga

Would be nice, if you post entrys and exits, just a mere chart is a bit litte.
In my opinion.



svedan, to be honest, Still struggle to define the entry and exit based on predefined rules.

Anyway right now using 10Rangebar along with existing OFA Set up.

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  #96 (permalink)
yawaniga
chennai/india
 
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So based on CL range, 'll impact almost the same price MCX Oil price


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  #97 (permalink)
yawaniga
chennai/india
 
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yawaniga View Post
So based on CL range, 'll impact almost the same price MCX Oil price


Trading Day 1: (01.11.18)
As per previous enclosed Chart, @ Day Timeframe..Its Major Support /Resistance, to find this level 've to use our eyes( no more complex indicator)
Just simply mark 2 horizontal lines @ DH (Day High) and DL (Day Low)

Refer below image..



"WWW" - Trade Plan

What - (Find the bias, Up/Down trend)
When - (Trade Set up, When to trade)
Where -(Trade entry price, and exit price)

Later 'll explore in detail about "WWW" - Trade Plan

Yawaniga.

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  #98 (permalink)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
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based on Yesterday NYMEX CL Close Price, we can guess the type of open, flat. Gap Up /Gap down.,

What - bias, down trend
When -
Where -

Yawaniga

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  #99 (permalink)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
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(01.11.18 )Yesterday NYMEX CL Close @2.30 Indian Standard Time (+5.30 GMT) $63.51
(02.11.18 )Today NYMEX CL Open same range @ $63.51..
So type of Open - Flat

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  #100 (permalink)
yawaniga
chennai/india
 
Posts: 155 since Sep 2015
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HTF Marking (Daily TF). Usually prefer multi time frame chart to identify "WWW" Trade plan
HTF (Higher Time Frame) - Hourly or Daily
TTF (Trading Time Frame) - 15 Mnts
LTF (Lower Time Frame)- 3 Mnts

yawaniga

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Last Updated on December 5, 2018


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