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WTI Crude Oil (TRENDSURFING - with the help of the model)

  • #601
  • Aug 12, 2021 1:26am Aug 12, 2021 1:26am
Quoting Hutch
{quote} The arrows can repaint this is why you also have to rely of the MFI and RSI Meters to ensure that the trade is likely to be good. The fractals are best when they all have the same colour from M1 to D1 but if you trade H1 you might want to take a look at the M30 and H4 to confirm the trend. The system is mostly from TMT so you might want to take a look at that thread but most traders trading that system use M5 and M15. Here is the link TMT Scalping System | Page...

Thanks for responding. I am familiar with the TMT system. I find it to be very subjective as to how and when the trendline is drawn, but I see that if executed correctly it can be consistent and profitable.

I will check out your system and apply the Renko bricks.

Do Renko bricks repaint?

Thanks.
Nikim
  • #602
  • Aug 12, 2021 4:09pm Aug 12, 2021 4:09pm
WTI went down 46¢ or 1% today with a very low ATR that only produced a flat trend making trading very difficult.
Attached Image (click to enlarge)
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  • #603
  • Aug 13, 2021 4:28pm Aug 13, 2021 4:28pm
WTI went down 89¢ or 1% today with a low ATR that only produced a small downward trend. Not great for trading but better than yesterday.
Attached Image (click to enlarge)
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  • #604
  • Aug 16, 2021 4:18pm Aug 16, 2021 4:18pm
WTI went down 59¢ or 1% today with an average ATR that produced short trades before somewhat recovering in the last 6 hours.
Attached Image (click to enlarge)
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  • #605
  • Aug 17, 2021 4:10pm Aug 17, 2021 4:10pm
WTI went down 93¢ or 1% today with a low ATR that produced mostly short trades
Attached Image (click to enlarge)
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  • #606
  • Aug 18, 2021 4:08pm Aug 18, 2021 4:08pm
WTI went down $2.05 or 3% today with a very high ATR that, just like yesterday, produced mostly short trades.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 42 KB
  • #607
  • Aug 19, 2021 4:12pm Aug 19, 2021 4:12pm
WTI went down 93¢ or 1% today with an average ATR that, for the third consecutive day, mostly produced short trades.
Attached Image (click to enlarge)
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  • #608
  • Aug 20, 2021 4:18pm Aug 20, 2021 4:18pm
WTI went down $1.83 or 3% today with an average ATR that was flat for the first 9 hours then went downward for the rest of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 40 KB
  • #609
  • Aug 23, 2021 4:17pm Aug 23, 2021 4:17pm
WTI went up $3.66 or 6% today with an extremely high ATR that basically produced long trades.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 42 KB
  • #610
  • Aug 24, 2021 4:26pm Aug 24, 2021 4:26pm
WTI went up $2.12 or 3% today with an average ATR that majorly produced long trades. As a matter of fact a trader could have opened a trade at the opening of the first candle of the day and close it at the last candle of the day.
Attached Image (click to enlarge)
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  • #611
  • Aug 25, 2021 4:14pm Aug 25, 2021 4:14pm
WTI went up 33¢ today with a low ATR that majorly produced a flat market for the first half of the session then produced long trades.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 37 KB
  • #612
  • Aug 26, 2021 4:16pm Aug 26, 2021 4:16pm
WTI went down 23¢ today with a low ATR that produced a very flat market.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 43 KB
  • #613
  • Aug 27, 2021 4:30pm Aug 27, 2021 4:30pm
WTI went up 90¢ today or 1% with a low ATR that produced mostly small long trades.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 43 KB
  • #614
  • Aug 27, 2021 4:34pm Aug 27, 2021 4:34pm
Quoting Hutch
WTI went up 90¢ today or 1% with a low ATR that produced mostly small long trades. {image}
completely dead US session. bulls still in full control
  • #615
  • Aug 30, 2021 4:18pm Aug 30, 2021 4:18pm
WTI went up 42¢ today or 1% with a lower than average ATR that produced a downtrend before recovering in the last 9 hours of the session.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 40 KB
  • #616
  • Aug 31, 2021 4:26pm Aug 31, 2021 4:26pm
WTI went down 62¢ today or 1% with a very low ATR that didn't produce good trading conditions.
Attached Image (click to enlarge)
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  • #617
  • Sep 1, 2021 4:11pm Sep 1, 2021 4:11pm
WTI went down 30¢ today with an average ATR that didn't produce good trading conditions although the signal arrow before the longest candle of the day would have been quite a good trade.
Attached Image (click to enlarge)
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  • #618
  • Sep 2, 2021 4:19pm Sep 2, 2021 4:19pm
WTI went up $1.54 or 2% today with an above average ATR that produced a nice uptrend that ended 6 hours before the end of the session.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 40 KB
  • #619
  • Sep 3, 2021 4:13pm Sep 3, 2021 4:13pm
WTI went down 67¢ or 1% today with a low ATR that produced a flat market then a downtrend in the last 7 hours of the session.
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSDH1.png Size: 38 KB
  • #620
  • Sep 6, 2021 4:19pm Sep 6, 2021 4:19pm
WTI went down 23¢ today with a very low ATR that produced a downtrend at the beginning of the session before recovering with a small uptrend that did not last. These shortened sessions are not good for trading efficiently.
Attached Image (click to enlarge)
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