2 Minute Crude Oil Chart
Showing posts with label day trading crude oil futures. Show all posts
Showing posts with label day trading crude oil futures. Show all posts
2/16/2010
2/10/2010
Crude Oil
Crude is moving again, finding some range and direction and staying there for a while. I have removed the "curbs" from the blue bars and am trading more aggressively in the direction of the major trend.
How does this day trader define major trend?
60 minute, 10 minute, 15 minute, something along those lines. Take the 2 minute signals in that direction and ignore the rest. Will miss some good trades as I did this morning but such is life.
2 Minute Crude Oil Chart
The best part is the chart looks much prettier with more blue bars.
I missed the last move as I had to step out for a while.
How does this day trader define major trend?
60 minute, 10 minute, 15 minute, something along those lines. Take the 2 minute signals in that direction and ignore the rest. Will miss some good trades as I did this morning but such is life.
2 Minute Crude Oil Chart
The best part is the chart looks much prettier with more blue bars.
I missed the last move as I had to step out for a while.
1/28/2010
Yesterday was Fun
Today?
We had a ya baby, a why is my chart not moving, and a near miss.
2 Minute Crude Oil Chart
Ya baby speaks for itself, lost data while in the second trade so I sat there wondering why my stop was hit while price had not moved, and the third was a near miss of target with the trailing stop taken out for break even.
All in all just another day in the pit.
We had a ya baby, a why is my chart not moving, and a near miss.
2 Minute Crude Oil Chart
All in all just another day in the pit.
1/26/2010
Range is Scarce
I don't really have anything wonderful to post today however since I think we would all like to stop looking at that poor woman's face I thought I would post a couple of charts.
Five day ATR is still barely over 2.00 and the results of that still show on the 2 minute chart. The moves are few and weak. Caught a partial stop (-9) and a target (+29) today.
Give me range or give me death.
Too much?
Ya.
I tried please before and that didn't work.
2 Minute Crude Oil Charts
Five day ATR is still barely over 2.00 and the results of that still show on the 2 minute chart. The moves are few and weak. Caught a partial stop (-9) and a target (+29) today.
Give me range or give me death.
Too much?
Ya.
I tried please before and that didn't work.
2 Minute Crude Oil Charts
1/13/2010
Wednesday
2 Minute Crude Oil Chart
Three trades today with the barrel count providing a catalyst. First trade caught my trailing stop for a net tick, second trade I bailed just before target as we were having a tough time getting through the HOD to get to target, and the third trade hit target.
There have been a few changes to the magic blue bars. You may notice there are not as many of them as before. That is due to some coding that drops the signal as price moves a certain distance away from the 8 EMA, and or the 3 EMAs spread gets to wide.
So if I get a signal bar and enter I want to see the blue bars disappear as that means price is moving my way fast.
I am also using a factor of the 5 day ATR for my target now.
Seems to make sense.
That 5 day ATR is still very low and any trading in this market is muted at best. Anybody who is relatively new to the crude oil pit should know that this is not the "normal" price action we usually see.
Hopefully we see the volatility pick up soon.
There have been a few changes to the magic blue bars. You may notice there are not as many of them as before. That is due to some coding that drops the signal as price moves a certain distance away from the 8 EMA, and or the 3 EMAs spread gets to wide.
So if I get a signal bar and enter I want to see the blue bars disappear as that means price is moving my way fast.
I am also using a factor of the 5 day ATR for my target now.
Seems to make sense.
That 5 day ATR is still very low and any trading in this market is muted at best. Anybody who is relatively new to the crude oil pit should know that this is not the "normal" price action we usually see.
Hopefully we see the volatility pick up soon.
1/06/2010
Sign of Life
The barrel count woke up the crude oil market today and I took a couple of trades. Hopefully we see the daily ATR increase.
2 Minute Crude Oil Chart
2 Minute Crude Oil Chart
11/30/2009
The Day IV
Long entry at 11:20:08 @$76.46, exit at 11:41:27 @$76.65, MAE -2, MFE +39.
2 Minute Crude Oil Chart
2 Minute Crude Oil Chart
The Day III
Long entry at 8:32:03 @$76.87, exit at 8:34:59 @$76.74, MAE Full Stop, MFE +4.
Humbug.
2 Minute Crude Oil Chart
Humbug.
2 Minute Crude Oil Chart
The Day II
Long entry at 8:02:05 @$76.41, exit at 8:09:42 @$76.39, MAE -11, MFE +18.
My "filter" chart kept me out of a short entry, after the successful short trade, that would not have worked, however it also put me into this long a little later then I previously would have entered.
There is no holy grail.
2 Minute Crude Oil Chart
My "filter" chart kept me out of a short entry, after the successful short trade, that would not have worked, however it also put me into this long a little later then I previously would have entered.
There is no holy grail.
2 Minute Crude Oil Chart
The Day
Short entry at 7:06:31 @$75.77, exit at 7:15:32 @$75.22, MAE -.08, MFE target. On the bar after entry price came back to within 1 tick of my trailing stop.
Sometimes things go your way. :)
2 Minute Crude Oil Chart
Sometimes things go your way. :)
2 Minute Crude Oil Chart
11/13/2009
'Back in Black'
Yes that means it was a nice week.
2 Minute Crude Oil Chart
105 seconds to target. You just never know.
Have a nice weekend everyone.
2 Minute Crude Oil Chart
105 seconds to target. You just never know.Have a nice weekend everyone.
10/26/2009
Give us Trades
World: Enough of your obtuse ramblings blogger boy, we demand trades, we demand charts, we demand the Holy Grail, and we demand it now!
Solfest: Yes masters, coming right up, a relative plethora of trades.
2 Minute Crude Oil Charts
I hit my daily stop with a small profit and then simmed my way to a much larger imaginary profit.
Imagine that.
Solfest: Yes masters, coming right up, a relative plethora of trades.
2 Minute Crude Oil Charts
I hit my daily stop with a small profit and then simmed my way to a much larger imaginary profit.Imagine that.
10/01/2009
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