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THREE SET UPS
Updated May 15, 2014
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Jeff Castille
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#441 (permalink )
Auckland, New Zealand
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Jeff Castille
Today was an awesome day +142.
I started the resumption of my contiuation trades ( using the 50 cci on a 15 min chart) to compliment the reversals.........
However......I did break the rules and took one lunch time trade.
Jeff, sorry if you have answered this elsewhere (trying to look at this at work and Internet very slow) - what period is your MA/Trendline on this chart.
Any reason in particular that you did NOT take the IB short at 8.45am your time?
Can you help answer these questions from other members on futures io?
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#442 (permalink )
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Jeff Castille
This is the chart that I was using for the continuation trades.
Can you describe your CCI setup?
Shodson - have you backtested on a 5min chart? I have backtested smaller timeframes and found they were not as profitable as the 15min.
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#443 (permalink )
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steve2222
Jeff, sorry if you have answered this elsewhere (trying to look at this at work and Internet very slow) - what period is your MA/Trendline on this chart.
Any reason in particular that you did NOT take the IB short at 8.45am your time?
Hi Steve,
That is a 50 SMA ......the reason that I did not take the IB at 8:45 is......the market was moving very slow.....it didn't seem to want to go down.....it was just before lunch and I didn't was to screw up what had been a very good morning.
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#444 (permalink )
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cunparis
Can you describe your CCI setup?
Shodson - have you backtested on a 5min chart? I have backtested smaller timeframes and found they were not as profitable as the 15min.
Hey Cunparis,
I'll post the CCI answer in the Jeffs CCI thread.
Also, I agree with you.......the three set ups do not work as well on smaller time frames.....I'm liking the 15 minute.
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#445 (permalink )
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Here's mine, +15 total (I put +13, that's after commissions).
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#446 (permalink )
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cunparis
Here's mine, +15 total (I put +13, that's after commissions).
That loser is why I don't trade before the inventory report. See wgreenie thread......post #681
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#447 (permalink )
Cambridge, Ontario
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CL Inside Bar Trades 9:00 am to 12:00 noon and 1:00 pm to 2:15 pm
Strategies (not real traders) don't listen to Jeff's advice (ie no trading until release of the report) ... Oh, I did!
2 Short trades (1 loser and 1 winner)
2 Long trades (both winners)
Total $210 before commission
All 1-contract trades with PT/SL @12 and 16 (No BE/Trail).
Beth
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#448 (permalink )
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+43 today......three trades.......no trading before oil inventory report is released....as usual.
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#449 (permalink )
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I got +30. I lost 54 ticks on the 2nd trade, before the inventory reports. I have a 15 minute pre/post news window but the trade fired 20-25 minutes before the news. How much time in front of news do you avoid trading Jeff? Also, I didn't take the reversal (going long on the short trade failure) like cunparis did because it was inside of my news window and I don't have stop and reverse capabilities coded in the strat and I'm not sure if I want to do that with the potential of taking 2 consecutive losses on the same inside bar .
The news release bar was an awesome outside bar : the initial impulse was up, then it broke down big time. I watched the DOM as it came out, pretty amazing to watch how the spreads widened so quickly and how violently it moved.
After looking at my trades on a 5min chart all 3 winners were with-trend and my 1 loser was counter-trend, making me more interested in researching the possibilities of only trading with-trend breakouts .
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#450 (permalink )
Northern California
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shodson
I got +30. I lost 54 ticks on the 2nd trade, before the inventory reports. I have a 15 minute pre/post news window but the trade fired 20-25 minutes before the news. How much time in front of news do you avoid trading Jeff? Also, I didn't take the reversal (going long on the short trade failure) like cunparis did because it was inside of my news window and I don't have
stop and reverse capabilities coded in the strat and I'm not sure if I want to do that with the potential of taking 2 consecutive losses on the same
inside bar .
The news release bar was an awesome
outside bar : the initial impulse was up, then it broke down big time. I watched the
DOM as it came out, pretty amazing to watch how the spreads widened so quickly and how violently it moved.
After looking at my trades on a 5min chart all 3 winners were with-trend and my 1 loser was counter-trend, making me more interested in researching the possibilities of only trading with-trend
breakouts .
Hey Shodson,
I'm glad you got "green"........see post #346.........about oil inventory day.
Last Updated on May 15, 2014
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