making money intraday CL/WTI/OIL - no overnight holds | Forex Factory

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making money intraday CL/WTI/OIL - no overnight holds

  • #1
  • First Post: Edited May 20, 2020 3:55am May 18, 2020 1:32pm | Edited May 20, 2020 3:55am
hi guys.
straight to the point.
make the momentum be your friendo and never fight it.
Follow it. here is how. I will post here for a week or so, but the party will continue on its own, in its own place.

Today was a great day
//last trade was mismanaged, due to delivery i had,,luckily no postman died as the trade ended in +.

me + 2500 //after commission//

JimB2468 +4000
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  • #2
  • May 19, 2020 7:34am May 19, 2020 7:34am
Interesting... Well at least second part of the thread title is of interest to me... And not only for not paying swaps but holding position overnight, specially in WTI.. bring MUCH of an exposure... so thumbs up if you can pull-it out before the SWAPS
Can you afford to take that chance?
  • #3
  • May 19, 2020 10:51am May 19, 2020 10:51am
Quoting auricforecas
Interesting... Well at least second part of the thread title is of interest to me... And not only for not paying swaps but holding position overnight, specially in WTI.. bring MUCH of an exposure... so thumbs up if you can pull-it out before the SWAPS
usually I trade for 2.5 h,, no holds,,,whether + or - day.
making money in JimB2468 trading room
  • #4
  • May 19, 2020 10:51am May 19, 2020 10:51am
was a shorter day for me.
Jim had business to do.
Sometimes, being a few ticks late in a trade can make difference in management .
I prefer to go BE quickly. If I am late, price often comes to test the entry and thats a heat that some are fine with.
I personally am skittish.
+ 1500 after commission
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  • #5
  • May 19, 2020 11:00am May 19, 2020 11:00am
Quoting patient pip
{quote} usually I trade for 2.5 h,, no holds,,,whether + or - day.
That's an interesting style... I might check myself if the endgame might be better this way and also... less exposure that way...
Can you afford to take that chance?
  • #6
  • May 19, 2020 2:05pm May 19, 2020 2:05pm
PP, interesting concept, the spread is a killer so unlikely I can work on the ticks, also, are you trading the momentum indicator, if not what, I can use the 1min chart for entry or exit but cannot use it for a basis to hold cheers, Detector
I don't need to be good at the game, only good enough to beat my opponent,
  • #7
  • May 20, 2020 3:54am May 20, 2020 3:54am
Quoting detector
PP, interesting concept, the spread is a killer so unlikely I can work on the ticks, also, are you trading the momentum indicator, if not what, I can use the 1min chart for entry or exit but cannot use it for a basis to hold cheers, Detector

these trades are originated from Jimb2468 trading room.
He has indicators + the experience when to step back.
Choppiness is our enemy and can eat a lot of profits away.
If you don't check him out, just force fit some moving averages or MA crosses you name it.
Force fit it so it makes sense.

I rarely go lower then 1 min to initiate trades.
It has to be very volatile that I look at a tick chart.

Yes , the regular broker with the spread will not work.
We use futures.
making money in JimB2468 trading room
  • #8
  • May 20, 2020 10:14am May 20, 2020 10:14am
Would it possible to show us this on TE. But if not, do not mind your posted charts, just maybe if you can explain one so we are sure we understand it. Tnx.
Can you afford to take that chance?
  • #9
  • May 20, 2020 1:47pm May 20, 2020 1:47pm
what is TE?
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  • #10
  • Edited 2:34pm May 20, 2020 1:53pm | Edited 2:34pm
oooh dear Wednesday, the report day.
Wednesdays are notorious for its distasteful behavior.
me mines 1k
Jimb2468 +500
I end my day usually at Europe close, being in + or -.
So I trade only 2-3 hours.
JimB pulled it to the close of trading USA CL Pit hours close.
IF I stayed I would likely be better off.
Tomorrow another day.
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  • #11
  • May 20, 2020 3:34pm May 20, 2020 3:34pm
Quoting auricforecas
Would it possible to show us this on TE. But if not, do not mind your posted charts, just maybe if you can explain one so we are sure we understand it. Tnx.

well,,,you see entries and exits...
those trades are done with momentum where the price goes NOW, not to count on reversing off of levels - though each to his own and I am sure it works for many.
It shows how you can tilt the results to your side and forget about fundies and hope..
choose indies that comply with it and follow it.
the main message is, go where it wants to go now.
If it speeds off thats great. Choppy times suck as the SL is quite tight.
But if you see few strong candles we want to be and are in their direction catching them.

dark red - entry short, pinky red exit.
dark green long,,,light green exit.


hope it helps
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  • #12
  • May 21, 2020 1:55pm May 21, 2020 1:55pm
the last drop was very probable.
The question is always, how the price is gonna do it.
didnt wanna give any away just in the last trade so had very tight SL.

Me +1300
Jimb2468 +1300
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  • #13
  • May 22, 2020 1:01pm May 22, 2020 1:01pm
nice Friday to finish off the week in the room

me over +$3000 after commission
JimB2468 + $3700
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  • #14
  • Last Post: Jul 12, 2022 4:26am Jul 12, 2022 4:26am
Hey Patient Pip!
great work!
I’m also a trader (ES futures, USA closings session b/c here in Australia)
Anyway, I was wondering are you still trading oil futures?
if so may I ask how?
I can’t find a futures broker that does it well.
AMP futures since that 2020 minus contract, decided to rollover contracts BEFORE the volume has rolled over making it impossible to trade oil anymore than 3 weeks out of the month. Not to mention the confusion of when that occurred.
Hence why I switched to ES. Not an issue but just wondering thanks
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