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Trading Crude Oil with price action + indicator

  • #521
  • May 20, 2015 9:41am May 20, 2015 9:41am
Anyone knows the symbol for wti crude in the forexfactory mainpage scanner?
  • #522
  • May 26, 2015 1:12am May 26, 2015 1:12am
Sweet a crude trading section. Count me in.
  • #523
  • May 26, 2015 7:38am May 26, 2015 7:38am
I have a buy order at 59$ and then at 58.50 also
  • #524
  • May 26, 2015 10:34am May 26, 2015 10:34am
Nice D wave reversal here in pending long at 58.30
EDIT moved to .35 pending
Attached Image (click to enlarge)
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  • #525
  • May 26, 2015 11:36am May 26, 2015 11:36am
Attached Image (click to enlarge)
Click to Enlarge Name: CL 07-15 (240 Min) 5_26_2015.jpg Size: 189 KB


http://www.forexfactory.com/attachme...1&d=1432658146
  • #526
  • May 26, 2015 12:00pm May 26, 2015 12:00pm
Great charts Rocky, you're one of the reasons I joined CL thread.

Exhaustion wave reached added another long at 57.77. Looking for some EOD profit taking and reversal here.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-26-TOS_CHARTS.pngCL3.png Size: 48 KB
  • #527
  • May 26, 2015 12:11pm May 26, 2015 12:11pm
Quoting jplazard
Great charts Rocky, you're one of the reasons I joined CL thread. Exhaustion wave reached added another long at 57.77. Looking for some EOD profit taking and reversal here. {image}
what is your TP or target if I may ask?
  • #528
  • May 26, 2015 12:25pm May 26, 2015 12:25pm
Attached Image (click to enlarge)
Click to Enlarge Name: CL 07-15 ( OFA™ 6_4 ) 5_26_2015.jpg Size: 217 KB


http://www.forexfactory.com/attachme...1&d=1432661054
  • #529
  • May 26, 2015 1:10pm May 26, 2015 1:10pm
Stopped out, plus $300

Attached Image (click to enlarge)
Click to Enlarge Name: CL 07-15 ( OFA™ 6_4 ) 5_26_2015.jpg Size: 184 KB



http://www.forexfactory.com/attachme...1&d=1432663753
  • #530
  • May 26, 2015 1:19pm May 26, 2015 1:19pm
Quoting rocky
Stopped out, plus $300 {image} {image}
Hi rocky

which indi do you use?I mean the candle indi,the chart.

thx a lot.
  • #531
  • May 26, 2015 1:53pm May 26, 2015 1:53pm
Quoting blueface
{quote} Hi rocky which indi do you use?I mean the candle indi,the chart. thx a lot.
Blueface, the orderflow chart is a 3rd party add-on with NinjaTrader. More info about the company can be found at OrderflowAnalytics,com.

I have absolutely no affiliation with this company. I'm just a user of their software. I've been using this software for approx 4 years and it's very useful for
triggering into a trade, Rocky.
  • #532
  • May 26, 2015 2:15pm May 26, 2015 2:15pm
There are some hurdles, still looking for 58.33 to clear then 58.64 in which I think it could trade to 58.68 but even though pit is closed I am hoping it holds 58 into US close. My TP would look to .60-.64 unless it is really strong onvernight.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-26-TOS_CHARTS.pngCl.png Size: 45 KB
  • #533
  • May 26, 2015 5:40pm May 26, 2015 5:40pm
Quoting jplazard
There are some hurdles, still looking for 58.33 to clear then 58.64 in which I think it could trade to 58.68 but even though pit is closed I am hoping it holds 58 into US close. My TP would look to .60-.64 unless it is really strong onvernight. {image}
Great reversal on that exhaustion price level 57.76 Up a mint right now on the two contracts and will look 58.60 as a resistance point to get out of one contract and let the other run tomorrow US open
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-26-TOS_CHARTS.pngclll.png Size: 42 KB
  • #534
  • May 26, 2015 6:01pm May 26, 2015 6:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: CL 07-15 (240 Min) 5_26_201555555.jpg Size: 223 KB


http://www.forexfactory.com/attachme...1&d=1432681236
  • #535
  • Edited 6:49pm May 26, 2015 6:06pm | Edited 6:49pm
Quoting rocky
{image} {image}
Great Charts Rocky. I have found my EURO chartist in DANO and now I think your charting on CL is the best I have seen on FF so far. As a simple PA and fib guy I don't have the setups as intricate as you

I also agree with your possible scenario, I think CL can run tomorrow higher
55
EDIT: 7:38EST. I usually hate going to dinner or social events overnight when I have positions on but this one is mandatory. Set TP at 58.25 for both positions in case Oil trades at this level in Asia. It would be stupid of me to allow the market to come all the way back down to 58 on my second entry at 57.77 to capture only 23 ticks. At least if the market comes down on my contracts at 58.25 i can capture double that at 48 ticks and play the low end of the range in US. Hoping none of the above takes place and we run overnight to 58.60 but you never know what will come across the wires to screw up trading 'hopes
  • #536
  • May 27, 2015 12:18am May 27, 2015 12:18am
Quoting rocky
{quote} Blueface, the orderflow chart is a 3rd party add-on with NinjaTrader. More info about the company can be found at OrderflowAnalytics,com. I have absolutely no affiliation with this company. I'm just a user of their software. I've been using this software for approx 4 years and it's very useful for triggering into a trade, Rocky.
Hi rocky

wow,its look like a great tool

thx again.
  • #537
  • May 27, 2015 1:14am May 27, 2015 1:14am
Quoting jplazard
{quote} Great reversal on that exhaustion price level 57.76 Up a mint right now on the two contracts and will look 58.60 as a resistance point to get out of one contract and let the other run tomorrow US open {image}
Out of everything at 58.56 since second entry at 57.77. Happy with this trade and will wait for US open to hopefully game a level once more if it continues a long.
  • #538
  • May 27, 2015 8:14am May 27, 2015 8:14am
Oil opened up below yesterdays low. Tested and failed so short .58 for a TP AT 57.00 SL 3 TICKS above yesterdays low at .74

The only minor concern I have here is dollar is so overbought at this level hitting hi/low wave 618 it could reverse several points in seconds possibly inverse cor on oil sending it up. We will see.

EDIT this move I expect to happen either way down/up withing the first hour after the bell rings
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-27-TOS_CHARTS.png Size: 20 KB
  • #539
  • May 27, 2015 8:18am May 27, 2015 8:18am
Attached Image (click to enlarge)
Click to Enlarge Name: CL 07-15 (60 Min) 5_27_2015.jpg Size: 149 KB


First target just missed by 3 ticks.

http://www.forexfactory.com/attachme...1&d=1432732559
  • #540
  • May 27, 2015 8:32am May 27, 2015 8:32am
TP moved to .20 a bit cautious here with dollar. SL moved to .60
Rocky are you looking at that gap fill higher?

EDITOut -2 ticks it just felt fishy and should of dumped then I say the demand coming in and felt I was not on the right side. Plus there was the buys coming to support so Id rather take a 2tick loss than a guaranteed loss at .74

Nice trade rocky if you got filled. I will hopefully try to catch a wave in a moment as well
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-27-TOS_CHARTS.pngcl.png Size: 58 KB
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