Day Trading Crude without indicators.

Quote from Zen Student:

Are we trading the opening "breakout" long today and then selling the range breakout "short"? An A up and failed A C down whatever they call it?

And you say that the head of one of the largest oil firms advises to trade that way? Perhaps you lot (ACD traders) are unintentionally providing the liquidity that this firm needs to fill its orders in the oil market?

Anyway, you bears are about to get your peckers chewed in the bull mincer.
Play the upleg......... :)

02-12-2012 Mid day. No trades. Sitting on hands and looking at charts etc..

Whaddya mean no trades?
It is going up.

Obvious it is..........
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Zenster is getting his ass, dick and the latest up leg chewed off.......:)

the bull mincer is a pussy boy.

his first real time trade call in the thread.
congrats.

a " head up your ass " Zen trade.

long and wrong, with no stop...


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oil inventory gap closed , back to the moneyline and the re puke.........

cheers,

s
 

Attachments

CL daily chart.

So, I will be shorting bounces till CL closes above key levels. As day traders we get to trade both from long side and short side.

I just feel more confident to short with more size vs longs till facts change.

Long 97.22 target yesterday low of 97.86. daily support 97.39-97.26
 

Attachments

Quote from mfbreakout:

CL daily chart.

So, I will be shorting bounces till CL closes above key levels. As day traders we get to trade both from long side and short side.

I just feel more confident to short with more size vs longs till facts change.

Long 97.22 target yesterday low of 97.86. daily support 97.39-97.26
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I am pure day trader. No overnight position thinking CL will go to 98.50 etc..

So flat 9752. I like to trade CL fresh everyday with a CLEAN SHEET.
 
Hi,

I always wondered about acd :

- what time do you use for your opening range?
- and what value do you use for A plus/down, and Cdown/plus if these are all different. Any idea how to determine these values?
 
Quote from smallStops:

Hi,

I always wondered about acd :

- what time do you use for your opening range?
- and what value do you use for A plus/down, and Cdown/plus if these are all different. Any idea how to determine these values?
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I use 45 minutes OR. Traders who like to fade moves use wide OR like me. Pure breakout traders use smaller OR like 5 minutes, 10 minutes etc.. Key is to pick one time frame and stick with it.

A value= 8 ticks, C value=13 ticks. There is nothing magic about A and C values. Smaller values are OK for wide OR.

For small time frames like 5 minutes one has to use more than 8 ticks. I have no idea what that is as it depends on each trader style.

Calculation of A and C values is done via 20 days ATR of instrument and then some multiplier to accommodate for VOLATILITY.

I just use what Mark firms recommends as a guideline. There are many traders who just calculate their own A and C values.

I am attaching A and C values sheet which shows recommended OR and values.
 

Attachments

Thanks for the ACD sheet.

And I agree about needing a multiplier for volatility, whichever market you choose. For example the canned 3.5 number for ES has been working well in January, but try it in Aug/Sep 2011 and results will be different.

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Shopster chart...
laughing-smiley-016.gif
 
Quote from Zen Student:

Anyway, you bears are about to get your peckers chewed in the bull mincer.

Play the upleg........... :)

Whaddya mean no trades.....?

It is going up........

Obviously it is.....

Short answer: traders who have done the work can trade most any market in any condition.

Those who guess at it do terribly when the ranges contract and their late entries do not "follow through" enough to account for their inaccuracy. [/ Zenster famous QUOTE]

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famous last words as the Z meister bleeds out on the trading floor....:)

notice the " range contraction on the oil inventory gap fill to the yellow moneyline...."

trend is down, look at the position of the 3 shop emas.

grease tested the top of the range, over and over in london and new york sessions.

price reversed after the gap close and puked it all out in a " New york moment...."

someone call 911, too late.

get the meat wagon.

s
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