Day Trading Crude without indicators.

M

mfbreakout

I have been day trading full time for 3 years. First 2 years stocks and E-mini with little success. Finally, i found a method which suits my style and i have been day trading Crude Oil for over a year now. My trading method is based off Mark Fisher ACD method.

His book " The Logical Trader " explains ACD method in detail.

http://www.thelogicaltrader.net/

I use concepts explained by Jim Dalton is his book " Mind over markets" to get context, market structure etc..

http://www.jdaltontrading.com/about-field-of-vision.php

I will post 3 charts daily. Pre open chart which will outline support and resistance levels for the day.

Mid day chart to show if i executed any trades.

Chart after Oil Pit Close to show trades from 12 pm till 2.30 pm eastern time.

I will start posting charts from last week jan.23rd- Jan28th.
 

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Nice DOM commentary, MF. Every time I chat with a CL trader who's screwing up perfectly good trades, I tell them: "Don't watch the DOM while you're in a position!"

How do I know a trader's watching the DOM while in a trade? They suddenly say something like, "Uh oh, now it looks weak..." :p

Good trading to you!
 
I love crude, looking forward to checking in.

What are you using for data, clearing, and execution? The reason I ask is because I see TOS up there. I think they have a good charting platform but I wouldn't use them to execute (slow execution, higher commish) IMO.

Good trading
 
Quote from mfbreakout:

I have been day trading full time for 3 years. First 2 years stocks and E-mini with little success. Finally, i found a method which suits my style and i have been day trading Crude Oil for over a year now. My trading method is based off Mark Fisher ACD method.

His book " The Logical Trader " explains ACD method in detail.

http://www.thelogicaltrader.net/

I use concepts explained by Jim Dalton is his book " Mind over markets" to get context, market structure etc..

http://www.jdaltontrading.com/about-field-of-vision.php

I will post 3 charts daily. Pre open chart which will outline support and resistance levels for the day.

Mid day chart to show if i executed any trades.

Chart after Oil Pit Close to show trades from 12 pm till 2.30 pm eastern time.

I will start posting charts from last week jan.23rd- Jan28th.
More...

01-23-2012 end of day
 

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