Tape Reading Large Orders CL

Quote from RenkoTrades:

Those who trade CL what system do you use? What style of set ups?
More...

CL options. fairly delta neutral. holding period is weeks
 
Quote from RenkoTrades:

Those who trade CL what system do you use? What style of set ups?
More...

Technical price action precision scalping for .20 or better per trade using 5m candle chart with 1m cross-reference, 20EMA's on each chart, no other studies/indicators. Setups include with-trend off 5m pullbacks, trend continuation (strong trend-in-progress, 1m pullbacks), counter-trend (1-2-3 trend reversal), range trading, and breakouts (narrow range consolidation/triangles).

Anyone who can swing trade CL intraday or multiday, holding through retraces, has balls of steel :D
 
Quote from NoDoji:

Technical price action precision scalping for .20 or better per trade using 5m candle chart with 1m cross-reference, 20EMA's on each chart, no other studies/indicators. Setups include with-trend off 5m pullbacks, trend continuation (strong trend-in-progress, 1m pullbacks), counter-trend (1-2-3 trend reversal), range trading, and breakouts (narrow range consolidation/triangles).

Anyone who can swing trade CL intraday or multiday, holding through retraces, has balls of steel :D
More...
Great! I never hold overnight, only intraday short term trend following for me. I do well in the CL now that I trade a very simple method and following trends made a boost in my monthly p&l. I try to find 3 to 4 good trades a day in CL with 2.5 to 1 or 3 to 1 r:r per trade.
 
Quote from RenkoTrades:

Another day of trending in Crude Oil. I had three good trades in CL today and this was final trade as euro was rallying this morning. You can't beat the short term trend following in CL each day.
More...

I recognize this software. It looks like you are taking trades in the chop zone?
Do they allow that or is that just you taking those trades?
 
Quote from NoDoji:

Technical price action precision scalping for .20 or better per trade using 5m candle chart with 1m cross-reference, 20EMA's on each chart, no other studies/indicators. Setups include with-trend off 5m pullbacks, trend continuation (strong trend-in-progress, 1m pullbacks), counter-trend (1-2-3 trend reversal), range trading, and breakouts (narrow range consolidation/triangles).

Anyone who can swing trade CL intraday or multiday, holding through retraces, has balls of steel :D
More...

I seldom even move my initial stops until price has gone at least +40 cents in favor, and usually I'm adding more at +20 cents to +40 cents in the big measured runs.

CL makes 100 and 200 cent runs more sessions than not. If you look for those and expect them to appear, they will be because they do. That's simply what CL does... regardless of who dares to hold or not :)
 
Quote from traderchi128:

I traded there for 10 yrs. I was in a very big trading firm that had plenty of guys that used that strategy. Worked best in the Bunds and Eurostoxx.

I am willing to bet you 5 rounds of pitchers of Old Milwaukee at Cactus that nobody manually does that anymore with any kind of success.

Trust me....I wish it still worked. Would mean more people in the biz...more volume. I'm not a market wizard by any means....just been in the business a long time. Seen a lot.
More...
Do you know why it does not work anymore?
 
You must log in or register to reply here.
Back
Top