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Energetic H1 Strategy (Crude/Brent/Gas)

  • #41
  • Oct 10, 2019 9:33am Oct 10, 2019 9:33am
Quoting Sodbayar
Hi, in this trading system how do you determine your take profits?
Sorry for the late response, because in most instance we are riding with the trend and looking to move stop loss to the entry point or close half the position (Ie if i have 1 lot short going, i will close 0.5 and leave remaining 0.5 running with stops at the entry price) once the trade makes decent profit, i tend to leave the TP open and trail till the trailing stop is taken out....
Hope this makes sense
4&1 All Time Profit: $37,496
  • #42
  • Oct 10, 2019 9:34am Oct 10, 2019 9:34am
Quoting Jafunmifx
{quote} I just took a short bias on gas now I'm in profit already, I caught price on the 50 ema
Sweet drop off of it, will bag the 70USD and leave the Oil trades running......

Look for it to pull back and short again
4&1 All Time Profit: $37,496
  • #43
  • Oct 10, 2019 9:36am Oct 10, 2019 9:36am
Quoting Sodbayar
Hi, in this trading system how do you determine your take profits?
This is one option, where we let the runner go, risk free, while some profit locked in....
Attached Image (click to enlarge)
Click to Enlarge Name: XNGUSDH1Trailing.png Size: 40 KB
4&1 All Time Profit: $37,496
  • #44
  • Oct 10, 2019 12:18pm Oct 10, 2019 12:18pm
Quoting Jafunmifx
{quote} I just took a short bias on gas now I'm in profit already, I caught price on the 50 ema
nice trade - cant go wrong with the 50!
  • #45
  • Oct 10, 2019 1:10pm Oct 10, 2019 1:10pm
Quoting MzansiObi
{quote} Nice catch bud, i took a bit of a scalp off of it earlier but closed out for about 10USD, waiting on the news to hopefully fuel a move of sorts and leave a runner going for a couple of hours or so....The two oil trades are also running, Trade Safe
I also scalp 20dollars off.... How often do you get this setup on those instruments?... The only one I got since I Started checking out the strategy yesterday.. Was only on gas.. How often do you see opportunity?
  • #46
  • Oct 10, 2019 1:44pm Oct 10, 2019 1:44pm
Quoting Jafunmifx
{quote}I also scalp 20dollars off.... How often do you get this setup on those instruments?... The only one I got since I Started checking out the strategy yesterday.. Was only on gas.. How often do you see opportunity?
Daily Bud! Becuae we on lower time frame you will have plenty opportunity to get in , more so across all three asset classes, opportunities will come up
4&1 All Time Profit: $37,496
  • #47
  • Oct 10, 2019 2:34pm Oct 10, 2019 2:34pm
Hi MzansiObi - this looks like an interesting system to try out, so hopefully you don't mind if I join in. Thanks for sharing! I have my chart partially set up:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB


A couple questions:

1. In the first post you said this "NB, if the 15 ema crosses ..." What does NB mean?

2. It seems you're using RSI and Stochs in some of your charts. How do you incorporate those into your system?

3. What is generally your profit target criteria?

4. How do you determine those levels you posted about?

Thanks again!
  • #48
  • Oct 10, 2019 3:23pm Oct 10, 2019 3:23pm
Quoting vpn
Hi MzansiObi - this looks like an interesting system to try out, so hopefully you don't mind if I join in. Thanks for sharing! I have my chart partially set up:{image} A couple questions: 1. In the first post you said this "NB, if the 15 ema crosses ..." What does NB mean? 2. It seems you're using RSI and Stochs in some of your charts. How do you incorporate those into your system? 3. What is generally your profit target criteria? 4. How do you determine those levels you posted...
NB means important, so in reference to the text you're quoting I was highlighting the importance of the crossover and looking where it has crossed over...
My intra day numbers comprise of pivot numbers combined with some fibos and some daily range figures.
This system,like the metals one, won't have a specific profit target in that we look to trail price action as much as possible and as log as the range may go....lastly, glad you're joining on. Looking forward to it. Green pips to you....
4&1 All Time Profit: $37,496
  • #49
  • Oct 11, 2019 12:14am Oct 11, 2019 12:14am
11/10/19

Morning Traderss

Manually closed out the two oil trades. Prices are back above the 200 ema and the 15 ema has also seen itself cross back above the 200EMA as such will let it play out abit and see if we are entering a buy range setup..

Natural gas is still in sell zone, as such will wait for our entry to go short on it.....


Trade Safe
4&1 All Time Profit: $37,496
  • #50
  • Oct 11, 2019 1:29am Oct 11, 2019 1:29am
11/10/19


XNGUSD
Sell Setup still in place as per system rules.

Waiting on the pull back towards the 50 Ema entry mark.

Sell Limit
2.2259
SL Just above the 200 EMA

Levels of interest today;
2.2646
2.2309
2.1662
2.1647
2.1148
4&1 All Time Profit: $37,496
  • #51
  • Oct 11, 2019 1:50am Oct 11, 2019 1:50am
Quoting MzansiObi
11/10/19 XNGUSD Sell Setup still in place as per system rules. Waiting on the pull back towards the 50 Ema entry mark. Sell Limit 2.2259 SL Just above the 200 EMA Levels of interest today; 2.2646 2.2309 2.1662 2.1647 2.1148
Illustration of XNG sell setup that remains intact
Attached Image (click to enlarge)
Click to Enlarge Name: XNGUSDH1SellSetup11_10_LI.jpg Size: 817 KB
4&1 All Time Profit: $37,496
  • #52
  • Oct 11, 2019 1:53am Oct 11, 2019 1:53am
Quoting MzansiObi
11/10/19 Morning Traderss Manually closed out the two oil trades. Prices are back above the 200 ema and the 15 ema has also seen itself cross back above the 200EMA as such will let it play out abit and see if we are entering a buy range setup.. Natural gas is still in sell zone, as such will wait for our entry to go short on it..... Trade Safe
Illustration of the failed sell setup, or the invalidated sell setup of crude oil.

The first invalidation point, price closes above the 200 ema, retests it and remains above it,
the Second invalidation point that keeps us away from looking to short, is the cross over of our leading indicator, the 15 EMA above the 200 ema
Hence why i closed the positions and on the sidelines,
Attached Image (click to enlarge)
Click to Enlarge Name: XTIUSDH1failedSell_LI.jpg Size: 804 KB
4&1 All Time Profit: $37,496
  • #53
  • Oct 11, 2019 9:18am Oct 11, 2019 9:18am
Quoting MzansiObi
{quote} Illustration of XNG sell setup that remains intact {image}
Sell order finally filled, lets have a go.....

Last one for the week.


Trade Safe
4&1 All Time Profit: $37,496
  • #54
  • Oct 11, 2019 10:51am Oct 11, 2019 10:51am
Quoting MzansiObi
{quote} Sell order finally filled, lets have a go..... Last one for the week. Trade Safe
Closing Half, will let the rest run risk free.


Trade Safe
4&1 All Time Profit: $37,496
  • #55
  • Oct 11, 2019 1:42pm Oct 11, 2019 1:42pm
Here's my XNGUSD chart, and if it weren't Friday afternoon I'd consider shorting. Does this look correct, or would you stay out (if it weren't Friday, that is)?
Attached Image
  • #56
  • Oct 11, 2019 2:00pm Oct 11, 2019 2:00pm
Quoting vpn
Here's my XNGUSD chart, and if it weren't Friday afternoon I'd consider shorting. Does this look correct, or would you stay out (if it weren't Friday, that is)? {image}
Just have a look at you 15 EMA Settings But it seems, did you follow the system settings?


Regards
Attached Image (click to enlarge)
Click to Enlarge Name: XNGUSDH1review_LI.jpg Size: 810 KB
4&1 All Time Profit: $37,496
  • #57
  • Oct 11, 2019 2:03pm Oct 11, 2019 2:03pm
Quoting vpn
Here's my XNGUSD chart, and if it weren't Friday afternoon I'd consider shorting. Does this look correct, or would you stay out (if it weren't Friday, that is)? {image}
Im currently on the sidelines on all positions bud, will wait till Monday and have a crack at it, seems like we may get a chance to get long some oil next week.
But Setups still validating the patterns, we remain patient.....


Will look for and post some more examples of charts online this weekend.
4&1 All Time Profit: $37,496
  • #58
  • Oct 11, 2019 2:05pm Oct 11, 2019 2:05pm
Quoting vpn
Here's my XNGUSD chart, and if it weren't Friday afternoon I'd consider shorting. Does this look correct, or would you stay out (if it weren't Friday, that is)? {image}
I have the same thing on two broker, Nat Gaz price around 2.38... so chart is more like yours but different than Obi
  • #59
  • Oct 11, 2019 2:12pm Oct 11, 2019 2:12pm
Quoting Tragruel
{quote} I have the same thing on two broker, Nat Gaz price around 2.38... so chart is more like yours but different than Obi
look like I'm mixed up with Futures and Spot on Gaz ...
  • #60
  • Oct 11, 2019 2:17pm Oct 11, 2019 2:17pm
Quoting Tragruel
{quote} look like I'm mixed up with Futures and Spot on Gaz ...
Got you.....So long as your chart settings are in line with systems rules you should be fine.
I just looked at my futures and they line up....
4&1 All Time Profit: $37,496
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