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  1. oraclewizard77

    News Trading using Futures

    No setups at this time. One of my indicators stopped working, maybe due to volatility. Anyway replaced it with a standard one, and I now in hindsight see better setups. I am not planning to trade again till Thursday night. I really don't like looking at the chart for more than 10 min. If I...
  2. oraclewizard77

    News Trading using Futures

    I just saw it now. I gave you a like for your last comment. I start working on my other job so I will check back on Thursday.
  3. oraclewizard77

    News Trading using Futures

    Not my best trading. As you can see I was trying to add a 2nd contract with stop above previous high. I got stopped out on that contract. Another contract I added slightly higher, I killed at BE maybe due to fear. The 2nd contracts were supposed to go for around 10 ticks. However, even with...
  4. oraclewizard77

    News Trading using Futures

    Here's the chart.
  5. oraclewizard77

    News Trading using Futures

    https://www.cnn.com/2020/03/11/business/oil-prices-saudi-arabia/index.html Saudi Arabia is threatening to dumb oil. Also, less people are flying or going to events.
  6. oraclewizard77

    News Trading using Futures

    Currently short CL 33.52 off of resistance.
  7. oraclewizard77

    Daytrading the whole session versus calling it a day after reaching a profit target?

    I think it depends on the person. Some can trade their setups all day. I try to look for 1 or 2 setups in the late morning and late night.
  8. oraclewizard77

    News Trading using Futures

    Hi, I am not going to promote any news provider on this thread. They don't pay me. However, many have free trials. Some of the professional ones are for traders that work for hedge funds. I have tried a few that are cheaper. Economic event calendars are free and all traders can use them...
  9. oraclewizard77

    News Trading using Futures

    Feel free to mark up my chart, and show where you see good setups. Remember for PA trading, less is better. Less indicators, less lines, less TA. Most indicators are lagging, enough screen time, and you can see patterns just like in the movie the Matrix, where they can see what the chart...
  10. oraclewizard77

    News Trading using Futures

    In the 1st arrow, we see price breaking back under resistance level. In 2nd arrow, we see price breaking support. And as noted, the last arrow, price broke above the triangle.
  11. oraclewizard77

    News Trading using Futures

    Now, as noted before I am not trading again till Monday night. However, I have drawn some arrows showing good PA zones for shorting which are the 1st 2 arrows. The last arrow is a place for a long on the triangle break. All clean price action.
  12. oraclewizard77

    News Trading using Futures

    Here's the chart
  13. oraclewizard77

    News Trading using Futures

    https://finance.yahoo.com/news/rout-u-stock-futures-trigger-221631295.html (Bloomberg) -- Circuit breakers triggered limits on a harrowing plunge in U.S. stock futures, but they’re also leaving traders in the dark as to how big losses may eventually get. For those that continued to short CL...
  14. oraclewizard77

    News Trading using Futures

    The Forex system was designed around a 30 tick stop and target for events. That may be scalping for some. For CL and ES, normally around 10 ticks for 1 contract. I am trying in more volatile markets to go for more ticks on 1 contract or in future try to trade a 2nd contact at the same time to...
  15. oraclewizard77

    News Trading using Futures

    All real time news already happened. Economic events are already scheduled in advance. For example, in Forex I have a trade setup to go long the EUR/USD with a limit order that is set in advance and at the same time I hedge with a limit order to go short GBP/USD. These limit orders are setup...
  16. oraclewizard77

    News Trading using Futures

    Yes, I use the DOM to help with my trades. Some are scheduled economic events, which many sites will list in advance so you can either not trade during them, trade right after, or have trade setup say with a limit order.
  17. oraclewizard77

    News Trading using Futures

    Normally, I only trade on Sundays if there are news events that move the markets.
  18. oraclewizard77

    News Trading using Futures

    If you are trading Sunday, please feel free to post how it's going here. Did this news event change anything for you?
  19. oraclewizard77

    News Trading using Futures

    There are also some news services that can help traders who work 8 hours per day with live news. My goal with this thread and possibly a website would be to provide actionable alerts on my analysis of the news that could possibly lead to profitable trade setups.
  20. oraclewizard77

    News Trading using Futures

    Assuming chart is now actually reflecting real prices since I am done trading and will not test it, we can see that price has now rebounded. This can happen when price has fallen more than worst case. The reason this may not be worst case, is Russia and Saudi Arabia could agree to cease fire...
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