Category Archives: Crude Oil Trading Strategy

Yes, You Read That Right, This Crude Oil Signal Sees 153 Tick Day Trade Win in Crude Oil.

The Best Crude Oil Day Trading Signal Available | It Happened Again Today for 153 Tick Gain Intra-Day.

The Best Crude Oil Day Trading Signal Available | It Happened Again Today for 153 Tick Gain Intra-Day.

Crude Oil Trading Strategy $CL_F, $USO, $USOIL, $WTI, Best, Crude, Day-trading, Oil, Signals, Strategy Curt Melonopoly

Yes, You Read That Right, This Crude Oil Signal Sees 153 Tick Day Trade Win in Crude Oil.

And the best part – it is a winning alert signal approximately 90% of the time. Back-tested and proven.

You can investigate the validity of my claim by studying our oil newsletter (algorithm model posts) – we make them public – they are unlocked historically).

On my last crude oil trading strategy report two days ago (October 28) I wrote;

“I wouldn’t be surprised at this point to see a bounce in price, however, the weekly wedge support now becomes resistance. If price breaches the previous support (now resistance) then trades should be ready for a retest of previous support before possible higher”.

Today there was an intra-day 153 tick move in trade of crude oil for a fantastic day trading set-up. The signals on the algorithm model were very clear.

Unfortunately for us I was in a business conference meeting and our tech (Jeremy) was on a conference with a broker programming one of the last Python API’s for the machine trading platform – we didn’t execute on the signal for a trade.

But that doesn’t mean we didn’t know the set-up was in play.

The oil trading algorithm report explains this very set-up in detail (members receive the report weekly) and the set-up was signaled to members in the oil trading room.

Rich (a long time member at Compound Trading) at 9:39 AM alerted the crude oil trade signal for the day-trade long in the oil trading room on Discord.

Below is a snap-shot (screen shot) of the chat in the oil chat room.

crude, oil, trade, alert, signal, trading room

Rich (a long time member at Compound Trading) at 939 AM alerted crude oil trade signal day-trade in oil trading room.

Here’s how the trade set-up was in play:

Crude oil sold off heavy in to open. It then sells off through the quadrant support on the oil algorithm but in to the main swing trading support range on the algorithm. Oil trade bottomed at 65.31 of FX USOIL WTI at 9:15 AM (white arrow on chart below).

On the 1 minute chart below at 10:46 AM trade pops (green arrow on chart) out of tight consolidation (after popping at support on the model) and runs to a high of day at 12:07 PM to 66.84.

Rich’s signal alert above in the oil chat room was for trade to hit 67.10 by Wednesday morning (at time of writing it is late Tuesday night and that target hasn’t hit yet but is very possible at the time he quoted possible for tomorrow morning).

Crude oil sells off in to open, bottoms 65.31 915 AM, 1046 AM pops out of consolidation, high of day 1207 PM 66.84 #crudeoil #trading

Crude oil trade high of day was 66.84 at 12:07 PM near trend-line resistance on 1 minute oil chart for a 153 tick gain – what a daytrade!

Crude oil high of day 66.84 1207 PM near trendline on 1 minute oil chart. #crude #oil #trading

Above were two conventional one minute oil charts to show you what happened on the day. Below are screen shots of the oil algorithm and how clear the signals were for the trade.

Crude oil trade touches main swing trading support on EPIC Crude Oil Trading Algorithm and bounces (gray thick horizontal line on the chart and yellow arrow).

Crude oil trade touches main swing trading support on EPIC Crude Oil Trading Algorithm and bounces #crude #oil #algorithm #trading

The next day-trading signal and further confirmation for a long position on the day was the 10:30 AM 30 minute candle when trade bounced perfect off the machine trading support line (yellow diagonal line on chart and green arrow).

The next daytrading signal was the 1030 AM 30 minute candle bounced perfect off machine trading support line.

Then the signal to close the long crude oil day-trade was much clearer and precise – it was when the price of crude oil hit the key intra-day resistance on the EPIC Crude Oil Algorithm charting highlighted with a red arrow on the chart below.

The signal to close the long crude oil daytrade was when price hit the key intraday resistance on EPIC Crude Oil Algorithm. #daytrading #crude #oil

As in the previous report I continue in this bias, “until there is a bounce, retrace and confirmed reversal the bias is short at resistance. The opposite will be true when a reversal is confirmed”.

But nothing beats this best of class trade signal for crude oil traders (I repeat from my previous post);

“Bottom line, the EPIC Crude Oil Algorithm continues to reward those that take long positions at support (channel support and quad support) and short at resistance areas of the algorithmic trading model. This will be my focus and I know the machine trading tech(s) will be focused primarily to those areas of trade also”.

Our oil algorithm is now near two years old and has proven time and time again that it provides the most predictable oil trading signals I have been able to find on the market, and this specific signal (outlined in this article) is the most predictable best crude oil signal of them all.

Where can you find a trading set-up that executes for a win at 150+ ticks intra-day in crude oil trade with a probability of approximately 90%? Test it and tell me I’m wrong.

One trade a month pays 1500.00 per month at 1 oil futures contract size.

Follow this link for a detailed description of my longer term crude oil trading strategy review at this post.

Increase Your Crude Oil Trading With These Tools.

There is a link below to our oil trading academy page that has a number of links to articles on our site,.
You can book private online trade coaching via Skype.
Join our live trading room.
Sign on to our oil trading alert feed subscription, (alerts are on a private member Twitter feed).
Sign on to our weekly algorithm reporting that provides the algorithm model, conventional charting, guidance for the week etc.
Attend a trading boot camp (in person or online).
Request via email the videos of our most recent trading boot camp or the master class series videos (both sets are approximately 20 hours each). They are available only by email request at this time by emailing [email protected]. Soon they will be posted to our shop on website.

Thanks

Curt

Any questions let me know!

Further Reading to Help You Trade Oil:

Find more posts like this one on our Oil Trading Academy Page – links to numerous oil trade strategy reports.

Welcome to NYMEX WTI Light Sweet Crude Oil Futures.

Subscribe to Our Oil Trading Platform:

Standalone Oil Algorithm Newsletter (member charting sent out weekly).

Real-Time Oil Trading Alerts (Private Twitter feed).

Oil Trading Room / Algorithm Newsletter / Alert Bundle (includes weekly newsletter, trading room, charting and real-time trading alerts on Twitter).

Commercial / Institutional Multi User License (for professional trading groups).

One-on-One Trade Coaching (Via Skype or in person).

Click here to find all information and pricing on Oil Newsletter, Trading Chat Room, Oil Alerts and more.

Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States

Article Topics: Best, Crude, Oil, Day Trading, Signals, Strategy, USOIL, WTI, CL_F, USO

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A Quick Article With Charting for my Oil Trading Strategies for the Week. Continued sell-off last week seen

Crude Oil Trading Strategy | Technical Analysis & Guidance

Crude Oil Trading Strategy | Technical Analysis & Guidance

Crude Oil Trading Strategy Alerts, analysis, Crude, Oil, Strategy, Technical, Trading, Trading Room Curt Melonopoly

A Quick Article With Charting for my Oil Trading Strategies for the Week.

Continued sell-off last week seen oil trade below the multi – week uptrend and trade dropped below support on the weekly wedge chart that I have been sharing.

I wouldn’t be surprised at this point to see a bounce in price, however, the weekly wedge support now becomes resistance. If price breaches the previous support (now resistance) then trades should be ready for a retest of previous support before possible higher.

Continued sell-off last week seen oil trade below the multi – week uptrend and trade dropped below support on the weekly wedge chart that I have been sharing.

On the monthly oil chart, price ended the week near the 200 MA support within range of recent monthly candles. Watch the support area.

On the monthly oil chart, price ended the week near the 200 MA support within range of recent monthly candles. Watch the support area.

On the one minute crude oil chart in late trade Friday there were wild price swings (some reporting sweepers, specifically in $XOP). This could be an attempt to a floor in price by a hedge fund or other large money pool.

On the one minute crude oil chart in late trade Friday there were wild price swings (some reporting sweepers, specifically in $XOP).

On the daily chart price ended the week right above the 200 MA and above the primary pivot marked on the chart. The MACD is nearing a bottom to FYI.

On the daily chart price ended the week right above the 200 MA and above the primary pivot marked on the chart.

On the 4 hour crude oil chart we are using as a test model for trimming and adding to positions trade ended near resistance. This is an untested non back tested chart.

On the 4 hour crude oil chart we are using as a test model for trimming and adding to positions trade ended near resistance.

On the weekly pivot charting trade was working near support as with other charts.

On the weekly pivot charting trade was working near support as with other charts.

Bottom line, the EPIC Crude Oil Algorithm continues to reward those that take long positions at support (channel support and quad support) and short at resistance areas of the algorithmic trading model. This will be my focus and I know the machine trading tech(s) will be focused primarily to those areas of trade also.

Until there is a bounce, retrace and confirmed reversal the bias is short at resistance. The opposite will be true when a reversal is confirmed.

“Bottom line, the EPIC Crude Oil Algorithm continues to reward…”

Bottom line, the EPIC Oil Algorithm continues to reward those that take long positions at support

The machine trade crude oil alert from last week was perfect to the penny at an intra-day top – I would expect the machine trading alerts to increase in intensity this week.

Machine trade in oil top tick hit perfect 67.62 to penny HOD, trimmed added numerous all win side and closed 90% 66.83. Nice trade.

I’ll be in the oil trading room most of the week as I expect a big week in oil trade with the test areas in play.

Follow this link for a detailed description of my longer term crude oil trading strategy review at this post.

Increase Your Crude Oil Trading With These Tools.

There is a link below to our oil trading academy page that has a number of links to articles on our site,.
You can book private online trade coaching via Skype.
Join our live trading room.
Sign on to our oil trading alert feed subscription, (alerts are on a private member Twitter feed).
Sign on to our weekly algorithm reporting that provides the algorithm model, conventional charting, guidance for the week etc.
Attend a trading boot camp (in person or online).
Request via email the videos of our most recent trading boot camp or the master class series videos (both sets are approximately 20 hours each). They are available only by email request at this time by emailing [email protected]. Soon they will be posted to our shop on website.

Thanks

Curt

Any questions let me know!

Further Reading to Help You Trade Oil:

Find more posts like this one on our Oil Trading Academy Page – links to numerous oil trade strategy reports.

Welcome to NYMEX WTI Light Sweet Crude Oil Futures.

Subscribe to Our Oil Trading Platform:

Standalone Oil Algorithm Newsletter (member charting sent out weekly).

Real-Time Oil Trading Alerts (Private Twitter feed).

Oil Trading Room / Algorithm Newsletter / Alert Bundle (includes weekly newsletter, trading room, charting and real-time trading alerts on Twitter).

Commercial / Institutional Multi User License (for professional trading groups).

One-on-One Trade Coaching (Via Skype or in person).

Click here to find all information and pricing on Oil Newsletter, Trading Chat Room, Oil Alerts and more.

Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States

Article Topics: Crude, Oil, Trading, Strategy, Technical, Analysis, Alerts, Trading Room, USOIL, WTI, CL_F, USO

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A Career Trade In Crude Oil Is Setting Up. My Personal Oil Trading Strategy Near Term. This article

Crude Oil Trading Strategy: Career Trade Set-Up. Technical Analysis Trading Room w/ Video

Crude Oil Trading Strategy: Career Trade Set-Up. Technical Analysis Trading Room w/ Video

Crude Oil Trading Strategy Alerts, analysis, Crude, Oil, room, Strategy, Technical, Trading, Trading Room Curt Melonopoly

A Career Trade In Crude Oil Is Setting Up. My Personal Oil Trading Strategy Near Term.

This article reviews the oil trade technical set-ups reviewed Monday in the Oil Trading Room for the near term, intra-day (daytrading), swing trading and my thesis (strategy) for a career trade setting up.

With mid-term elections near, President Trump wanting the price of oil lower (economy related), the recent Saudi geopolitical problems and other geopolitical pressure it seems a perfect storm for oil shorts is brewing.

It is my thesis that there is a very real possibility that shorts will get caught (as mid term elections near or shortly thereafter) and the price of crude oil could rebound out of the pressure and run in to early 2019 in a bullish fashion.

If that doesn’t happen I’ll follow the trend down and provide our members with the technical analysis for the scenario, but I think shorts are going to get caught on wrong side of the trade in to 2019.

#Crude #Oil #Trading #Strategy FX: $USOIL $WTI $CL_F $USO

Oil Trading Room Video – Technical Analysis of Oil Trade Strategies Near Term and in to Next Six Months.

Voice broadcast starts at 2:30 on video.

Summary of Video Transcript – Lead Trader Technical Analysis for Strategy:

The video is very detailed, the summary below doesn’t cover a lot of what was discussed on the video so if you are trading oil be sure to watch the video as it is a very in depth look at the charting and more.

Oil trading 69.05 at noon Monday during review.

Review of our crude oil trade and trade alerts in to the regular market open:

We were short crude oil 68.85 in to open. We covered 68.58 75% of the position and then the final 25% we covered the trade at 68.50.

Below are the screen shots of the Oil Trade Alerts from private member Oil Twitter Alert Feed.

Nailed the Crude Oil Short in Trading Room at Open USOIL WTI $USO $CL_F $UWTI $DWTI #Oil #Trade #Alerts

Below is a screen shot of EPIC Oil Algorithm charting that shows the short oil trade entry (green arrow) and the areas of the chart where we covered the trade.

Crude oil trade alerts on EPIC Algorithm chart for Oil Trading Room #Oil #Trade #Alerts

Below the chart from the oil trading room shows the obvious short and long positions that could be traded on the algorithm model (also what the machine trading is programmed to execute oil trades with).

White arrows on chart from Oil Trading Room show obvious trades on the algorithm. USOIL WTI CL_F USO #Oiltradingroom

At 4:00 on video I discuss the machine coding progress and the obvious trades on the oil algorithm charting and how clean that trading has been in the trading range on the model.

At 4:45 in the the Oil Trading Room there was a member comment pointed out that is very true for trading the model with success.

“Trade the model until it breaks, take you lumps when it does.”

I have been looking for an area to re-short in to the week and I just haven’t executed but there was an excellent area of the charting to do that.

At 6:00 on the video a question in the private oil trading room on Discord is answered with reference to the wide swing trading ranges on the model.

ifitworksYesterday at 10:29 AM
@Curt Melonopoly do you are you able to back test any data for how the market reacts(probability) stays around the grey line before it makes a decision to change trend. if that makes any sense?

At that point in the video I explain how we are coding the oil algorithm for machine trading and more specifically the swing trading range at the grey horizontal main pivots on the charting.

At 8:00 areas to short oil and the down channel in oil trade is reviewed on the algorithmic model and charting.

A member call for intra-day oil trade from the oil trading room is also discussed;

RichYesterday at 12:12 PM
If it holds here at 68.95 should be a good opportunity to go long to 69.30

At 10:44 hidden pivots on the charting are discussed and trend lines for trade.

At 11:00 the Trend Line charting is discussed. A very good chart to watch. Support and resistance is strong.

At 11:20 the Symmetry charting is reviewed. It looks like oil trade is going to return to its natural order. What to expect going forward in trade is reviewed and historical advantages.

At 12:30 the trading box on the daily oil charting is reviewed. Down trend waves are reviewed. 70.85 is very likely intra-day on the chart. The 200 MA test is likely.

At 13:00 on the video is the weekly wedge charting reviewed and how trade in oil is playing out almost perfect to the time cycle and price. 68.38 (approximate) is the area near the bottom of the quad to watch. The upside thesis is reviewed here for trade between now and early 2019. AND YES I know they aren’t the “primaries” haha – lots going on in the brain while in a trading day.

At 15:00 200 MA 67.05 on monthly chart is reviewed. This is in large part why I don’t think we will sell off heavy.

Either way I want a big move in crude oil trade in to Christmas, I want a career trade and that is what I will be watching for.

In to the end of the video the 4 hour chart for crude oil is reviewed showing the trend line support areas of the charting and I review some possible “tells” on the oil chart.

It’s important to watch the video to get the support areas in a sell-off – if 68.50 is lost in trade it’s 67.00’s and so on.

Trading Strategy in Summary

This is how I think the shorts are going to get caught. The decision area (support in trade) is similar on all the charts. The technical set-up and thesis that shorts will get caught off-side is reviewed here. I think there is going to be a sell-ff that will freak out the long positions and the shorts will be caught in a compressed situation after mid terms.

Increase Your Crude Oil Trading With These Tools.

There is a link below to our oil trading academy page that has a number of links to articles on our site,.
You can book private online trade coaching via Skype.
Join our live trading room.
Sign on to our oil trading alert feed subscription, (alerts are on a private member Twitter feed).
Sign on to our weekly algorithm reporting that provides the algorithm model, conventional charting, guidance for the week etc.
Attend a trading boot camp (in person or online).
Request via email the videos of our most recent trading boot camp or the master class series videos (both sets are approximately 20 hours each). They are available only by email request at this time by emailing [email protected]. Soon they will be posted to our shop on website.

Thanks

Curt

Any questions let me know!

Further Reading to Help You Trade Oil:

Find more posts like this one on our Oil Trading Academy Page – links to numerous oil trade strategy reports.

Welcome to NYMEX WTI Light Sweet Crude Oil Futures.

Subscribe to Our Oil Trading Platform:

Standalone Oil Algorithm Newsletter (member charting sent out weekly).

Real-Time Oil Trading Alerts (Private Twitter feed).

Oil Trading Room / Algorithm Newsletter / Alert Bundle (includes weekly newsletter, trading room, charting and real-time trading alerts on Twitter).

Commercial / Institutional Multi User License (for professional trading groups).

One-on-One Trade Coaching (Via Skype or in person).

Click here to find all information and pricing on Oil Newsletter, Trading Chat Room, Oil Alerts and more.

Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States

Article Topics: Crude, Oil, Trading, Trading Room, Strategy, Technical, Analysis, Alerts, USOIL, WTI, CL_F, USO

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A Real-Life Simple to Reproduce, Consistent Example of a Winning Crude Oil Day Trading Strategy From Our Lead

Crude Oil Algorithmic Trading: A Simple Strategy That Wins – Real Life Example.

Crude Oil Algorithmic Trading: A Simple Strategy That Wins – Real Life Example.

Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Strategy, General Complimentary Newsletters Algorithmic, Crude Oil, Daytrading, Oil, Strategy, Trading, Trading Room Curt Melonopoly

A Real-Life Simple to Reproduce, Consistent Example of a Winning Crude Oil Day Trading Strategy From Our Lead Trader.

How Algorithmic Trading Can Help You Win Consistently (from our trading room on Friday). Man and Machine.

Day trading crude oil futures is not easy… but it is at the same time. The most difficult for me is executing trades based on what I know is right – the most probable winning trade set-ups for buy/sell signals as provided by our algorithmic oil trading model.

This is why I always tell our clients to study the rule-set and use trade alerts only for a heads-up and to use your own trading plan based on your understanding, sizing, comfort area etc. Behind the alerts is a real trader too (at least as it applies to my alerts, our machine trading alerts are a different story going forward).

The buy/signals provided by our algorithm provide structured day trading that increases my win rate greatly – but only when I respect the rules of the model.

I have published a number of articles now detailing the basic rules of the model to assist traders with a better win rate. My personal win rate went from (at best) 60% to approximately 90% (it fluctuates between 80%-95% on an annual basis – there is an ebb and flow). All time stamped live trade alerts.

In our oil trading room last Friday I was triggering trades as was our machine trading technician – man vs. machine (again).

The bottom line: the machine (without effort) won (following the rule-set), and I won – that is until I got greedy.

Both the machine trading technician and I were triggering long side positions near the same time in to the Friday regular market open (my long entries were adds to the previous night futures trade I was already in).

The trade worked well and when the trade met its price target area of the algorithmic model structure (resistance) the machine trade trimmed and then closed on some pull-back and I closed completely.

But I started looking for a further break-out above the algorithmic model signal of resistance as provided by EPIC the Crude Oil Algorithm (after I already had a winning trade). This was the error.

But I started looking for a further break-out above the algorithmic model signal of resistance as provided by EPIC the Crude Oil Algorithm (after I already had a winning trade).

So yes, my day was affected negatively (not that bad because I recovered some by trading bounces during the intra-day reversal sell off), but not good because my trading day could have been very positive vs. negative / stressful on the day.

There is a low stress easier way – just follow the rules of the model. The algorithmic trading model provides a consistent, simple, highly profitable structure for day trading (and even swing trading) crude oil.

Below I explain what I did right and what I did wrong, how easy it is to trade crude oil using proven strategies (with EPIC Oil Algorithm) and how easy it is to get greedy – hopefully my real-life experience helps your trading.

#CrudeOil #AlgorithmicTrading #TradingStrategy FX: $USOIL $WTI $CL_F $USO

The Trade Details (actual screen shots of the alert feed, charting and commentary).

Below is the initial alert (screen shot from our trade alert feed on Twitter) by our oil machine trading technician at 9:17 AM on Friday October 19, 2018. The technician alerted a trade signal long machine buy program in to the regular market open at 69.25 on the algorithmic charting.

Our algorithmic charting is produced on crude oil FX USOIL WTI and this can be used for trading oil futures CL, ETNs / ETFs such as United States Oil Fund (USO), SCO, UCO, UWTI, DWTI and more.

Crude Oil Trade Alert (screen shot) – Machine Trade Buy program initiated in to open 69.25 917 AM – 19 Oct 2018.

At 9:20 PM October 18, 2018 in futures trade the night prior (Thursday night) I alerted to the feed a long side trade entry at 68.93 as a test trade for the break of upside resistance area. So at this point I was in at 68.93 long and the technician was in the trade at 69.25 the next morning.

Oil Trade Alert (Lead Trader) Screen Shot. Long test 68.93 tight, break res upside test 920 PM – 18 Oct 2018

Less than one minute later (after the technician alerted) I was alerting adds to my existing trade (we were obviously loading our trades and alerts at near the exact same time).

Oil trade alert (screen shot) Adds in to open – lead trader (watch open, will close fast if it fails but it does look like it will squeeze possibly).

The Buy Signals Triggering a Long Oil Trade Alert:

On a conventional crude oil 1 minute chart for FX USOIL WTI, the long side trade entry alert signal sent out to members of our oil trading service was based on a number of signals that combined (in momentum and confirmed with the algorithm model) provide high probability to a winning day trade – the signals are as follows:

Intra day trade in to regular market open breached the Fibonacci trend-line resistance (grey dotted line),
Trade breached the trading box to the upside (red box on chart),
The Squeeze Momentum Indicator turned green again,
The MACD turned up again,
The Stochastic RSI had turned back up after near bottom (the closer to bottom the better in most instances),
Trade was above the 200 MA (moving average) having just retested its support (pink on chart),
Trade was above VWAP (orange on chart),
Trade was above the intra-day trend support line (yellow line on chart).
Positive buy flow volume was increasing in to open (volume bars on chart with blue highlights),
The momentum of trade was subsequently on the bullish side,
The algorithmic model was also in agreement (shown below and to understand the model takes some study).

On conventional USOIL WTI chart, trade entry based on Fib, trading box, SQZMOM, MACD, Stoch RSI, 200 MA, VWAP, vol, momentum.

On the crude oil algorithmic charting model the following reasons were in play to confirm the long trade:

The upside price target area on the chart that had a time cycle concluding on Friday at 1:00 PM (see white arrow on chart) was most probable considering the fact that trade was above the mid trading quadrant horizontal support line (thick grey horizontal line). Which in this instance was also a primary support line for the wider time-frame for swing trading oil (which makes it a significant support area on the chart).
In futures trade the night before, oil trade had broke to the upside of the mid quad resistance area (grey horizontal line as described above and shown on chart below).
There was a hidden pivot (not shown on the algorithm charting but highlighted here for demonstration purposes in bright yellow – horizontal dotted yellow line on chart). The idea being that if trade momentum was turned up in to open that this hidden pivot was likely to be breached to the upside and would then become yet another support confirming the bias to the upside target on the model.

The algorithmic charting model price target described above is the “easy” trade signal I refer to in the title of this post. At any given time of trade intra-day we can provide the most probable price target for the coming time cycle conclusions. I won’t go in to detail here (that is a completely different article). You can read our other oil trading posts, become a member, watch our videos on how to use the oil algorithm, get some trade coaching or attend a boot camp for more details to this process.

The algorithmic charting model price target described above is the “easy” trade signal I refer to in the title of this post.

Another thought (off-topic a tad), consider the trading quadrant – there were four or five excellent long and short entry points on the model at the quad wall resistance and support areas. This week our machine trading technician is alerting to the EPIC Private Member Twitter Feed those trades (I will also continue as normal).

AND if you look at my original long entry the night prior in futures trade, that trade signal is an even easier trade signal – price was breaching the mid pivot on the trading quad of the model (gray line) which is also the wide swing trading support and resistance area of the charting.

algorithmic, trading, crude, oil, alert. chart

On algorithmic oil charting trade was based on momentum in to pivot with most probable price target up.

I then provided our members with the trade strategy (guidance) with price targets at 69.70, 69.78 and 69.80 at 9:24 AM (right after the market opened). The price targets are where there are resistance areas of the algorithm chart provided above.

Crude oil trading alert twitter feed screen shot – price targets for daytrade 69.70, 69.78, 69.80 in upside scenario.

At 9:35 AM I provided further trade strategy / guidance explaining that I was looking for a reversal in the recent trend of crude oil trade (I had distributed a 4 hour chart to our membership by email the night before that I reference in the alert).

Perspective – reversal trade scenario, if it fails extreme caution to next level down 4 hour chart (yellow TL).

At 9:40 I publish the 4 hour oil chart with intra day trade and the two trend line support areas of the chart I was watching. Providing trade guidance that if the current support was lost in trade that we were likely turning down to the next support area on the chart in the 67’s.

If this area fails 67s are in play #crude #oil #tradealerts FX $USOIL $WTI $CL_F $USO.

Below is the 4 hour USOIL WTI chart provided to members that shows the general trend line support area of crude oil trade.

Crude oil lines on 4 hour chart FX $USOIL $WTI $CL_F $USO #Oil #OOTT.

At 9:42 AM Oct 19, 2018 (25 minutes after the trade alert long oil) the machine trading alert was posted to the Twitter feed with guidance to trim at 69.58 in trade and then possibly add to the long position at 69.58 (obviously if the indicators provided a buy signal).

Machine Oil Trade Alert – Trims initiate 69.58 with adds on intra day pull backs 942 AM – 19 Oct 2018.

The reason for the trade alert issued to members to trim long positions on oil algorithm was that trade intra-day was nearing the Fibonacci trend-line resistance area on chart model (trading quadrant wall). Trade was also nearing the peak of the algorithm trading range intra-day (the apex of the model.) These are the same reasons I exited my long trade as provided below in the next section.

Notice on the chart below trade had hit 69.75’s and the trade alert (as above) price targets for the trade strategy for the day in crude oil based on the algorithmic model were published as “price targets for day trade 69.70, 69.78, 69.80 in upside scenario.”

Reason for trim trade alert on oil algorithm – Fibonacci trendline resistance area on chart model.

At 9:45 AM I closed my trade at 69.57. Not a bad trade considering my entries at long crude oil at 68.93 with adds in 69.25’s. A 45 tick trade average in oil is a decent day trade (450.00 on 1 contract or in this instance about 4x that).

Oil trade alert – Closed 69.57 will re-renter on pull back in price or squeeze.

At 9:58 the technician trade closed on a pull back (the other half of the trade) at 69.43 – a 26 tick average. A decent trade profit, especially considering it lasted just over 30 minutes and it was low stress. It took me 12 hours to close a 45 tick trade and the tech 35 minutes to close a 26 tick trade – obviously the technician’s use of time was more efficient.

It gets worse for me though, because I thought I’d try and get a break upside primary resistance on the algorithmic oil charting. The technician followed a simple rule-set (wait for trade to prove out and then enter) and didn’t follow me in to my trade (he can’t because he is obligated to a specific rule-set for triggering trades).

Oil machine trading alert – Stop adjusted to 69.43 USOIL WTI CL_F.

The additional trade I entered I won’t detail here with screen shots etc, but I will say that it turned against me almost immediately and I should have exited the trade immediately.

As oil sold off some intra-day I held my position and added on a bounce and sold on the bounce and chiseled my way to a small loss – but a loss nonetheless. It was a waste of time.

The two primary mistakes I made in my second trade:

I entered a long trade at the resistance of the algorithmic trading model. That is not a correct way to position a trade. I closed the previous trade properly but did not start the new trade properly.
When intra day trade went against my position I should have closed for a small loss, but I did not.

There are other details and reasons for the trading decisions that were made, however, for simplicity and to keep this instructional post to a digestible size I will leave it here.

To increase your crude oil trading skill-set we have a number of tools you can use.

There is a link below to our oil trading academy page that has a number of links to articles on our site,.
You can book private online trade coaching via Skype.
Join our live trading room.
Sign on to our oil trading alert feed subscription, (alerts are on a private member Twitter feed).
Sign on to our weekly algorithm reporting that provides the algorithm model, conventional charting, guidance for the week etc.
Attend a trading boot camp (in person or online).
Request via email the videos of our most recent trading boot camp or the master class series videos (both sets are approximately 20 hours each). They are available only by email request at this time by emailing [email protected]. Soon they will be posted to our shop on website.

Thanks

Curt

Any questions let me know!

Further Reading On Our Website That Will Help You Trade Oil Successfully:

Find more posts like this one on our Oil Trading Academy Page – there you will find links to numerous oil trade strategy reports.

Subscribe to Our Oil Trading Platform:

Standalone Oil Algorithm Newsletter (member charting sent out weekly).

Real-Time Oil Trading Alerts (Private Twitter feed).

Oil Trading Room / Algorithm Newsletter / Alert Bundle (includes weekly newsletter, trading room, charting and real-time trading alerts on Twitter).

Commercial / Institutional Multi User License (for professional trading groups).

One-on-One Trade Coaching (Via Skype or in person).

Click here to find all information and pricing on Oil Newsletter, Trading Chat Room, Oil Alerts and more.

Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States

Follow:

Article Topics: Crude Oil, Algorithmic, Trading, Strategy, Day trading,Trading Room, Alerts, Signals, USOIL, WTI, CL_F, USO

Crude Oil Day Trading Strategies From Our Oil Trading Room Video Footage. If there is one thing we

Daytrading Crude Oil: Buy Sell Signals Strategy for Intra-day Sell Off Reversal.

Daytrading Crude Oil: Buy Sell Signals Strategy for Intra-day Sell Off Reversal.

Crude Oil Trading Strategy, Day Trading $CL_F, $USO, $USOIL, $WTI, Alerts, Crude Oil, Daytrading, Signals, Strategy, Trading Room Curt Melonopoly

Crude Oil Day Trading Strategies From Our Oil Trading Room Video Footage.

If there is one thing we have seen time and time again in our crude oil futures daytrading room (see previous articles) is that our EPIC Oil Algorithm model and day traders can pin-point the buy sell signals for the reversal for intra-day trend to capture a reversal in trade.

The focus of this post is to teach you how to find the intra-day bottom when daytrading crude oil. Step by step the lead trader explains what signals to watch for to simplify the process and ensure your winning strategy.

It is important to learn how to catch the bottom of sell-offs to increase your ROI on trades and capture the next move. You may have to enter a number of trades with tight stops to get a position that is set for the move, but it is worth the time if you learn how.

#DaytradingOil #OilTradingStrategy #TradeReversal # FX: $USOIL $WTI $CL_F $USO

Main Points of Trade Strategy Covered in this Article:

Day trading oil signals covered in the video and post below:
- EPIC Crude Oil Algorithm Charting.
- Conventional Oil Charting.
- Charting Indicators; Moving averages, squeeze momentum, MACD.
- Time Cycles.
- Price Targets (intra-day and weekly).
- Trading Boxes.
- Charting Time Frames.
- Order Volume.
Short cover rally intra-day.
Entries around the edge of range.

Video Date and Description: October 17, 2018 10:25 AM – EIA Petroleum Report Live Trading Session.

Voice broadcast starts at 2:10 minutes on video.

Video Transcript Summary Highlights:

At 2:20 on video FX USOIL WTI trading 70.73 at the beginning of the session, trading on top of support at top of trading box at down side channel support.

The down channel in trade is confirming per the most recent guidance in recent reports and I am expecting that in to end of October and then up in to Christmas.

Resistance points on algorithmic model short side is most probable for winning in down trend (retracement) – areas to short pointed out on charting at 3:05 on video.

Bias was a long intra-day when report was released, but there was a surprise build today.

I usually don’t trade the first 5 mins after the EIA crude inventory numbers are released.

Example of EIA report data as posted on EPIC’s Twitter Feed:

#WeeklyPetroleumStatusReport for week ending 10/12/18 posted https://go.usa.gov/xPRx3 #oil #gasoline #diesel #heatingoil #propane #OOTT

3:40: On the oil algorithm there is a buy trigger signal intra-day at 69.97 at the mid channel support test for a daytrade.

3:50: Symmetry chart has a buy signal at 70.19 at top of oil trading box.

4:08 Trade on monthly chart is still between the 100 MA and 200 MA and I expect a break to upside or downside early November and my bias is to upside.

4:14 On the weekly wedge chart 70.00 watch very close at top of trading box, end of October time-cycle peak to bottom of wedge on chart 68.42 – that is possible.

4:45 On the daily oil chart trade intra-day is right at the pivot. 50 MA is just under price and to the upside the price intra-day was rejected at the pivot.

Don’t miss the last report on oil trade guidance I provided that guides on signals from now in to early 2019 on all charting.

5:10 Charting trend lines reviewed with time cycle peak early December in 76.00 region.

7:20 on video #EIA report comes out.

7:27 the sell-off on oil is apparent in trade with stops in oil getting taken out.

I start reviewing oil charting at this point on video for various supports to possibly take a position long.

8:50 6.5 million barrel build in crude oil inventories is discussed. 69.50 possible low in oil trade is discussed here.

9:40 Trading 73.00. Any long positions be sure to keep your position with tight stops until down to the 69.50 support range.

Top of trading box on the weekly wedge support at 69.99 is considered.

11:15 Watching chart indicators; MACD, Squeeze Momentum and Stochastic RSI on 1 minute time frame here as price is getting in to the first signal for a possible buy zone daytrade at support.

11:40 I explain that I am looking for a short cover rally for the oil daytrade and then shorting the resistance. As shorts cover price goes up, this occurs when the sell-off on the day comes to an end as oil shorts cover positions.

11:50 I explain that trade is down 3% on the day and that this is typically the area of the short covering and reversal intra-day.

12:40 As price bounces I start to look toward the upside 20 MA resistance on the 1 minute chart.

13:35 I provide guidance that we are possibly looking at 69.00 area and even 68.46 on the wedge chart.

14:50 My daytrade plan for support area and resistance areas and the intra day time cycle confirmation of up or down channel for trade is reviewed on the oil algorithm charting.

17:10 Watching the possible buy zone and 1 min chart for squeeze momentum to turn.

20:20 We are watching the pressure in oil trade in to the bottom of the trading box on the 1 minute chart and considering more stops to get ta’ken out if trade goes below the support on the trade box.

22:20 15 minute candle expires (important point of time to watch trade closely). The bottom of the trading box then is lost.

23:50 I discuss the problem created with governments manipulate price in markets (such as Trump with oil) and what will likely happen with the price of oil when the anomaly will cause a sever snap back trade in oil (also referenced earlier in video). Essentially the structure of the natural trading range of a financial instrument is manipulated.

26:00 oil starts to trade up and I’m watching for the 20 MA upside resistance test.

27:00 I explain that many traders would have taken the buy signal at the mid channel line on the chart and that I likely should have.

28:10 After 20 MA resistance has occurred and price is on the way back down to the next support and I explain where that is and that it is my possible buy area on chart.

29:25 The buy side for oil comes in and I explain that I’ve now missed two buy triggers.

42:00 I am long crude oil futures at 69.91.

44:19 I explain the 5 min candles and a place to trim the position at top of the trading box and alerting that I have trimmed my long position at 70.01 and advise that the 50 MA on the 1 min is coming. Ten minute candle expiry on watch.

45.40 I alert that there is resistance heavy intra day 70.28 range.

46.55 I close the remainder of the daytrade and look for another entry.

Below is the screen shot of my trade alert for the day trade in crude oil on the long side and my closing the position. This reflects what it looks like when you try and catch the reversal on intra-day trading.

Daytrading Crude Oil – Screen Shot of Oil Trade Alerts Feed with signals for long oil trade and closing trade.

There is more to the video, with various discussion on daytrading crude oil with what signals to watch for and there is another trade on the video also.

See video for more on related discussions.

Below is the guidance in given to the oil trading room with charts at the start of futures trading later that day.

Price targets for 900 AM Oct 18 price cycle completion intraday crude oil trade.

Daytrading Crude Oil – Price targets for 900 AM Oct 18 price cycle completion intraday crude oil trade. #daytrading #crude #oil

Buy sell trade signals at each highlighted trendline (yellow) on chart.

Daytrading Crude Oil – Buy sell trade signals at each highlighted trendline (yellow) on chart #crude #oil #daytrading

Signals for end of week price targets. Upper target bias – lead trader.

Daytrading Crude Oil – Signals for end of week price targets. Upper target bias – lead trader. #Crude #Oil #Daytrading

Thanks

Curt

Any questions let me know!

Further Reading:

5 Steps to Making a Profit in Crude Oil Trading.

https://www.investopedia.com/articles/investing/100515/learn-how-trade-crude-oil-5-steps.asp

What is a ‘Trade Signal’:
A trade signal is a trigger for action, either to buy or sell a security or other asset, generated by analysis. That analysis can be human generated using technical indicators, or it can be generated using mathematical algorithms based on market action, possibly in combination with other market factors such as economic indicators. https://www.investopedia.com/terms/t/trade-signal.asp

Other Crude Oil Trading Reports & Videos:

Learning to Trade Oil Links on our Site and/or YouTube.

Crude Oil Trading Strategies: This Is It. How To Trade Crude Oil’s Next Move.

Crude Oil Trading Strategy – How I Will be Trading Oil in to Time Cycles.

Oil Trading Room – Oil Trading Signals with Lead Trader (plus video).

Crude Oil Trading Room – Member Oil Trade Signals / Alerts for Trading the EIA Report (w/ video).

Oil Trade Alerts: How We Knew Where Oil Sell-Off Bottom Was in Advance. Crude Oil Trading Strategy.

Crude Oil Trading Face-Off Results “Pro Trader” (Man) vs. EPIC Oil Algorithm (Machine Trading Tech)

Oil Trading Alerts Live Video w EPIC Oil Algorithm #EIA Report #Oil #Trading #Algorithm #Alerts $USOIL $WTI $CL_F

“The Nut Hand” Today’s Huge Oil Trade Win. Exactly How It Was Done. How I Knew & How You Can Too.

CRITICAL Oil Trade. Weekly Timing. EPIC Oil Algorithm Channel $USOIL $WTI $CL_F $USO #OilTrading #EIA

Overnight Oil Trade | Trading Plan in Detail | EPIC Oil Algorithm $USOIL $WTI $CL_F #OIL $USO #Alerts

No Crystal Ball? Watch this… EPIC Oil Algorithm #EIA $USOIL $WTI #OIL $USO $CL_F #OOTT #Algo

Oil Trading Room – How to Use EPIC the Oil Algorithm June 21, 2017 (video).

Oil Trading Room – How to Use Oil Algorithm Chart & Recent Trades June 29, 2017 (video).

Here we unlock historical member reports at intervals after time cycles have expired for traders that are learning to trade oil. When you clock on link scroll down at landing page on blog section you will be transferred to so that you can get to reports that are unlocked over time: https://compoundtrading.com/category/epic-the-oil-algo-chart-report/

Subscribe:

Standalone Oil Algorithm Newsletter (member charting sent out weekly).

Real-Time Oil Trading Alerts (Private Twitter feed).

Oil Trading Room / Algorithm Newsletter / Alert Bundle (includes weekly newsletter, trading room, charting and real-time trading alerts on Twitter).

Commercial / Institutional Multi User License (for professional trading groups).

One-on-One Trade Coaching (Via Skype or in person).

Click here to find all information and pricing on Oil Newsletter, Trading Chat Room, Oil Alerts and more.

Connect:

Register to free email list for trade set-ups, webinars, special events: https://compoundtrading.com/contact/

Free chat room: https://discord.gg/2HRTk6n

Tradingview: https://www.tradingview.com/u/curtmel…

Email: https://[email protected]

Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States

Follow:

Article Topics: Daytrading, Crude Oil, Strategy,Trading Room, Alerts, Signals, USOIL, WTI, CL_F, USO

Crude Oil Trading Strategy from our Crystal Ball for Next Move in Oil Trade Explained in Detail on

Crude Oil Trading Strategies: This Is It. How To Trade Crude Oil’s Next Move.

Crude Oil Trading Strategies: This Is It. How To Trade Crude Oil’s Next Move.

Crude Oil Trading Strategy Crude, Oil, strategies, Trading Curt Melonopoly

Crude Oil Trading Strategy from our Crystal Ball for Next Move in Oil Trade Explained in Detail on This Video From Oil Trading Room Today.

We have never seen all the charting line up with this kind of symmetry in time-cycles, this is a report not to miss for oil traders! By far the most important trade set-up guidance report we have published in months.

#OilTradingStrategies #HowtoTradeCrudeOil #OilTradingSignals FX: $USOIL $WTI $CL_F $USO

Main Points of Strategy Included in this Video Post:

How to Trade Crude Oil move expected between now and December 2018.
Oil Trading Signals on various time-frames on variety of crude oil charts.
Time cycles to watch and Trump Saudi Arabia news flow warnings for your Oil Trade Strategy.
Oil Buy-Sell Signals are discussed on various time-frames and oil charts.
Recent Oil Trade Alerts are reviewed.
Oil Trading Room live video and post below for summary of transcript.

Detailed technical analysis for the next move in crude oil trade that is expected between now and December 2018 and even in to 2019. Many charts are reviewed with various time-lines, time-cycles, support and resistance points for buy / sell triggers to watch on charting and more.

Don’t miss this next big move!

Video Date and Description: October 15, 2018 12:06 PM Oil Trading Strategies Video.

Voice broadcast starts at 3:40 minutes on video.

Video Transcript Summary Highlights:

Oil trade today is affected by some President Trump and Saudi Arabia news flow.

Oil is rallying after Trump threatens ‘severe punishment’ against Saudi Arabia if it is found to have been involved in the disappearance of journalist Jamal Khashoggi. https://markets.businessinsider.com/commodities/news/oil-trump-threatens-saudi-arabia-sanctions-if-involved-jamal-khashoggi-disappearance-2018-10-1027616584

Saudis Threaten Trump: ‘You Want $400 Oil?’.

The trade last night in Sunday night futures open caught me off-guard but we did get a piece of it and then in Monday premarket there was more news flow and our traders got the short side trade on Trump Saudi news flow but I missed it (I was busy in premarket).

Thanks to the members in the trading room that alerted that short! You guys nailed it!

Excerpt from Oil Trade Chat Log from in Trading Room Today:

OILK October 15, 2018 07:06:49 AM
looks like sell day in oil trump saudi kiss and make up in play curt

GLENN October 15, 2018 07:07:15 AM
yes

OILK October 15, 2018 07:18:46 AM
nice short here in oil

OILK October 15, 2018 07:18:54 AM
could take floor out here

Screen Shot of Oil Trade Alerts from our Private Member Twitter Feed:

That spike in Sunday night oil futures open was interesting (on Saudi Trump news flow), caught me off guard but I got a piece of it $USOIL $WTI $CL_F $USO #OilTradeAlerts #OOTT.

That spike in Sunday night oil futures open was interesting (on Saudi Trump news flow), caught me off guard but I got a piece of it $USOIL $WTI $CL_F $USO #OilTradeAlerts #OOTT pic.twitter.com/vlOAl0ze6A

— Curtis Melonopoly (@curtmelonopoly) October 16, 2018

EPIC Oil Algorithm Chart Review of Futures Trade at 5:40 minutes on video.

Started positions at 72.10 (I was late it caught me off guard, I entered over pivot on the algorithm model) trimmed at 72.50 on the EPIC Oil Algorithm Model resistance point on chart, added above 72.60 and closed 72.55 took a 5 cent shave on last trade but the trade over-all was a great way to start the week.

Daytrade in Oil the Team got on Trade Alert by Member in Trading Room at 6:30 minutes on video.

The team got the short side trade on the Saudi Trump news flow. Perfect timing.

Divergent Chart Noise Technical Analysis at 7:15 minutes on video.

The divergent area of oil trade on the algorithm charting model is reviewed for intra-day from Friday and Sunday night futures trade. The down trending channel is pointed out as support and trade under that channel support is noise on the chart.

BEWARE of Trump Designate to Saudi Arabia Meeting at 7:25 on video

When the Trump designate to President Trump comes out of the Saudi Arabia meeting today you can expect oil to sell-off if the news flow is positive and happy.

Trump Sends Pompeo to Saudi Arabia
TicToc
October 15th, 2018, 12:32 PM GMT-0400
Trump is sending Pompeo to meet with Saudi Arabia’s King Salman who denied knowing about Khashoggi’s disappearance #tictocnews (Source: Bloomberg)

https://www.bloomberg.com/news/videos/2018-10-15/trump-sends-pompeo-to-saudi-arabia-video

Trade Strategy Specific to Daytrading Signals and Technical Analysis on Oil Algorithm Chart at 7:50 on video.

70.66 is day-trading support for your intra-day trading strategy.

I am looking for a long in the support region of the oil algorithmic charting at the up channel support area of the chart.

If it really sells off (considering news flow) I’ll be careful with my long bias.

Positioning on the week is to the short side and mid term long side in oil trade. I expect oil to become bullish.

Crude Oil Trading Strategy with Trend-Lines on Weekly Chart Reviewed at 9:50 on video.

Crude Oil Trading Strategy with Trend-Lines on Weekly Chart Reviewed.

https://www.tradingview.com/chart/USOIL/GZJRL7tE-Crude-Oil-Trading-Strategy-with-Trend-Lines-on-Weekly-Chart-Revi/

Crude Oil Trading Strategy with Trend-Lines on Weekly Chart Reviewed at 9:50 on video.

Over 76.00 area of chart and that time-cycle would be very bullish on the chart. My bias is for the next 6 months is really bullish – we will see.

Early December peak in time-cycle on the chart for your trading strategy is reviewed on the video. This timing concurs with the timing for the volatility time cycle peak on the VIX charting for December.

The range we are in is reviewed on the weekly trend-line chart.

Approximately 69.00 – 69.50 area on this specific chart is an implied support area of the chart considering higher lows in this range of trade.

The Algorithmic Model Chart for Symmetry in Oil Trade is Reviewed at 12:35 on video.

This is one of my favorite charts for guidance in oil trading strategies.

Two options are reviewed in the symmetry on the chart. The downside option is 67.50 support area and upside 79.00 resistance at the time cycle peak on this chart (end of November 2018). Other support and resistance areas are also reviewed. A spike through the structured time cycle on chart reviewed could see a huge move in the price of oil – 86.00 – 93.00 is possible end of March 2019.

The Algorithmic Model Chart for Symmetry in Oil Trade is Reviewed at 12:35 on video.

The Oil Daily Chart is Reviewed at 12:50 on video.

One of one my main reasons for being short term bearish oil is the MACD on the daily chart and trade is under the pivot on the chart but structure is in play long trading over mid pivot on structure of chart.

69.41 first week of November is possible as down side support at Fibonacci trend-line that is up-trending. The top of trading box is 69.30 area that could hit 69.30 ish on chart.

Other areas of support are discussed on the chart that coincides with the 200 MA on the chart also.

If I had to lay my bet down right now pressure in to mid 68s in oil would be my bias for strategy and then up from there – reasons are given in video.

Weekly Wedge Chart is Reviewed 20:00 minutes on the video.

End of October suggests support 68.30 end of October 2018, so a little earlier considering time frame on this chart.

Short side bias warning in that time cycle area of the chart is discussed on the video.

Monthly Oil Chart is Reviewed at 22:00 minutes on the video.

Pivot is at 69.50 range on the monthly chart and oil has been trading between the 100 MA and 200 MA as I guided to our members when we first entered this area and now I’m suggesting that end of October in to early November we will break up or down out of this range we have been in for months (per guidance). My bias is to the upside break in oil trade with 86.00 – 92.00 in to April of next year.

Time Cycles are Reviewed starting at 22:30 on the video (on various charts).

Dec 10, 2018 area of charting is the big time-cycle peak. All the charts are concurring to the end of November early December time cycle frames for a peak in time cycle for your trading strategy and a key area to watch. Trajectory on mid pivot on daily chart is 74.00 range for mid price pivot with near 80.00 as highs. On the weekly wedge 79.00 area possible in to same time frame. The trend-line weekly high for that timing in oil trade is similar also. Last week of November and early December is a very important area.

Crystal Ball Forward Guidance for Oil Trade discussed on video at 25:45 mins.

Downside in to end of October and then we’re going up in to mid December 2018 unless Trump news flow knocks trade under 63 – 64 on the trading box reviewed on the video. December 2018 upside 83.00 – 86.00 price target and 90s price targets are possible for oil trade in to March of 2019.

Inflection Point on Charting Reviewed on video at 27:50 mins.

On EPIC Crude Oil Trade Algorithm the support area of the model is reviewed “trading basket” in area of trading quad reviewed with inflection possible there – very likely scenario for my trading strategy. This is it.

Watch for happiness after the Saudi Arabia meeting and then be ready to go upside from there.

Thanks

Curt

Any questions let me know!

Other Crude Oil Trading Reports & Videos:

Learning to Trade Oil Links on our Site and/or YouTube.

Crude Oil Trading Strategy – How I Will be Trading Oil in to Time Cycles.

Oil Trading Room – Oil Trading Signals with Lead Trader (plus video).

Crude Oil Trading Room – Member Oil Trade Signals / Alerts for Trading the EIA Report (w/ video).

Oil Trade Alerts: How We Knew Where Oil Sell-Off Bottom Was in Advance. Crude Oil Trading Strategy.

Crude Oil Trading Face-Off Results “Pro Trader” (Man) vs. EPIC Oil Algorithm (Machine Trading Tech)

Oil Trading Alerts Live Video w EPIC Oil Algorithm #EIA Report #Oil #Trading #Algorithm #Alerts $USOIL $WTI $CL_F

“The Nut Hand” Today’s Huge Oil Trade Win. Exactly How It Was Done. How I Knew & How You Can Too.

CRITICAL Oil Trade. Weekly Timing. EPIC Oil Algorithm Channel $USOIL $WTI $CL_F $USO #OilTrading #EIA

Overnight Oil Trade | Trading Plan in Detail | EPIC Oil Algorithm $USOIL $WTI $CL_F #OIL $USO #Alerts

No Crystal Ball? Watch this… EPIC Oil Algorithm #EIA $USOIL $WTI #OIL $USO $CL_F #OOTT #Algo

Oil Trading Room – How to Use EPIC the Oil Algorithm June 21, 2017 (video).

Oil Trading Room – How to Use Oil Algorithm Chart & Recent Trades June 29, 2017 (video).

Subscribe:

Standalone Oil Algorithm Newsletter (member charting sent out weekly).

Real-Time Oil Trading Alerts (Private Twitter feed).

Oil Trading Room / Algorithm Newsletter / Alert Bundle (includes weekly newsletter, trading room, charting and real-time trading alerts on Twitter).

Commercial / Institutional Multi User License (for professional trading groups).

One-on-One Trade Coaching (Via Skype or in person).

Click here to find all information and pricing on Oil Newsletter, Trading Chat Room, Oil Alerts and more.

Connect:

Register to free email list for trade set-ups, webinars, special events: https://compoundtrading.com/contact/

Free chat room: https://discord.gg/2HRTk6n

Tradingview: https://www.tradingview.com/u/curtmel…

Email: https://[email protected]

Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States

Follow:

Article Topics: Crude Oil, Trading Room, Oil Trading, Alerts, Signals, Crude, Oil, Trade, Strategy

Crude Oil Trade has been on a rally for some time. A retrace is in order, but how

Crude Oil Trading Strategy – How I Will be Trading Oil in to Time Cycles FX $USOIL $WTI $CL_F $USO

Crude Oil Trading Strategy – How I Will be Trading Oil in to Time Cycles FX $USOIL $WTI $CL_F $USO

Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Strategy Crude, Oil, Strategy, Trading Curt Melonopoly

Crude Oil Trade has been on a rally for some time. A retrace is in order, but how how far will oil retrace? What is my personal oil trading strategy? What is my bias – bullish or bearish in to time cycles?

To be clear, I am very bullish oil based on various geo-political set-ups or probabilities. That’s my fundamental bias – bullish oil, the reasons would take a book to explain and that’s not our focus here anyway. The focus here is to know the key areas of support and resistance on the primary time frames to trade oil this week for profit. So this post will focus on that and the regular EPIC oil algorithm report will be out soon.

Here’s my personal trading plan (strategy) for crude oil…

The recent run up in oil caught me off-guard, prior to the run-up I was on a multi-week winning streak. Where the change in streak for my trading occurred was when I changed time frames and algorithmic models – I was testing some machine trading models we are coding.

Anyway, that’s water under the bridge and I’m ready for the next.

Below is a break down of what I see coming in my personal oil trading strategy near term. First lets review a few crude oil charts on a few different time frames…

Crude oil weekly chart with key areas of support and resistance in trading box to watch.

The trading box on the weekly chart provides an upper resistance starting at around 75.30 and a lower support area starting at around 72.93.

The diagonal Fibonacci trend lines provide an up trend resistance at around 74.75 and down trend support nearing 73.50.

Neither is absolute (the trading box or Fib trend lines), but they are marks to watch. The way that crude oil trades is that every key decision is to be watched for a turn, you never know which will cause a turn so you make your move based on what has happened at each decision.

The weekly charting structure is a large structure and the trading box should be weighted significant in anyone’s trading plan.

https://www.tradingview.com/chart/USOIL/COmA2gkR-Crude-oil-weekly-chart-with-key-areas-of-support-and-resistance/

Crude, oil, trading, strategy, weekly, chart

Crude oil weekly chart with key areas of support and resistance in trading box to watch. #oiltradingstrategy

Crude oil daily chart with key resistance and support areas of trade on watch.

On the daily chart the trading box offers support starting at around 73.26 and has a range of support to about 73.00 which puts it about 7 cents off where the weekly chart trading box support is at (starts). Intra-day in Sunday night futures FX USOIL WTI is trading 73.69 and hit a low of day in this session so far at 73.53.

If oil rally’s again, the daily chart says 79.09 area is the start of significant resistance in the trading box range. If you reference 79.00 ish on the weekly chart that brings trade to the upper region of the Weekly charting resistance also. The two time-frames do not concur exact, but they are similar.

Also of note, the 20 MA is at 71.96 intra-day (an indicator to consider).

https://www.tradingview.com/chart/USOIL/SybRT1C2-Crude-oil-daily-chart-with-key-resistance-and-support-areas-of-t/

Crude, oil, daily, chart, trading, strategy

Crude oil daily chart with key resistance and support areas of trade on watch. #crudeoil #tradingstrategy

Symmetry on this daily chart structure says 80.00 Nov 28 and 86.70 Jan 25 are in play if rally re-starts.

And yet another structure to consider… but only consider as it relates to symmetry possible. The channel may also be in play (white arrows). The rule of trade should be to EPIC’s oil algorithmic charting model, the charts included in this special report like this one are provided for consideration only.

https://www.tradingview.com/chart/USOIL/TAbzu73c-Symmetry-on-this-daily-structure-says-80-00-Nov-28-and-86-70-Jan/

Symmetry on this daily structure says 80.00 Nov 28 and 86.70 Jan 25 are in play if rally re-starts. FX USOIL WTI

Trade in crude oil near algorithm channel support or resistance in up channel or down channel is an obvious area to start entries.

The support and resistance areas of the trading channels on the EPIC algorithm are the most obvious areas to secure a turn in trade – these I will be respecting and trading with as serious of focus as I can muster going forward. The support and resistance areas of the channels work. Take your entry, keep your stop tight because you can always re-enter. When trade is near support or resistance simply use a 5 minute time frame and time in accordance to intra day trade and use a stop, keep it tight, and re-enter as needed. Five small scrapes for a trade that can move through the quad range is a small price to pay.

https://www.tradingview.com/chart/USOIL/RqcrbPfq-Trade-in-crude-oil-near-algorithm-channel-support-or-resistance/

Trading, algorithm, support, resistance, oil, crude

Trade in crude oil near algorithm channel support or resistance in up channel or down channel is an obvious area to start entries

Last but not least there is significant range support near 72.53 on the crude oil algorithm model that I will respect in my trade plan.

Last but not least there is significant range support near 72.53 on the crude oil algorithm model that I will respect in my trade plan

So what’s the bottom line to my crude oil trading strategy going forward?

It doesn’t matter how many time-frames you chart oil on there is no way to get the various time-frames to concur, oil is just that way. Because oil trade is that way it is critical to use a rules based process for your trade execution.

The most predictable way that I have found is to use the algorithm model support and resistance at the channel signals. If you respect those areas of the algorithm and viciously respect tight stops understanding that you can always re-renter then you will do well. If you let fear or bias play with your mind you will fail. How do I know? Trust me, I’ve been trading the algorithm model since inception and I can tell you without a doubt that respecting its structure works and not respecting it causes embarrassing losses. A rigid system of trade works.

Anything I can do to help you with your trading let me know.

Thanks

Curt

October 8, 2018 6:54 AM Crude Oil Trading Strategy (Intra-day) Update

Below is an updated crude oil algorithmic chart update with the oil daytrading range I am monitoring. Also noted are the price targets expected.

Intra-day Oil Trading Strategy FX USOIL WTI CL_F USO #oil #trading #strategy https://www.tradingview.com/chart/USOIL/8JOAcTlF-Intra-day-Oil-Trading-Strategy/

Intra-day Oil Trading Strategy FX USOIL WTI CL_F USO #oil #trading #strategy

Aug 2018

Oil Trade Alerts: How We Knew Where Oil Sell-Off Bottom Was in Advance. Crude Oil Trading Strategy.

Oil sell-off today, EPIC Oil Algorithm buy side oil trade alerts 64.50 buy side at day lows for

Oil Trade Alerts: How We Knew Where Oil Sell-Off Bottom Was in Advance. Crude Oil Trading Strategy.

Crude Oil Trading Alerts, Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Strategy, Learn to Trade Alerts, Algorithm, Chat Room, Crude, learn to trade, Oil, Reversal, Strategy, Trade Epic the Algo

Oil sell-off today, EPIC Oil Algorithm buy side oil trade alerts 64.50 buy side at day lows for members. #oil #trade #alerts FX $USOIL $WTI $CL_F $USO #OOTT #Algorithm

How did we know in a heavy intra-day sell-off where oil would bottom and turn? Learning to trade crude oil is not easy if you try and trade it with conventional trading strategy, you need to know how oil trades and why.

Below are the details to help you with your crude oil trading strategy.

Let’s look at what happened and then I will explain how I knew where the reversal intra-day in crude oil trade would be.

Below you will find the intra-day sell-off in crude oil, the member trade alerts, member chat room guidance and charts – and then I’ll explain how we knew in advance with high probability where the bottom would be.

Crude oil chart (FX USOIL WTI). The sell off in crude oil trade today was extreme.

Crude Oil Chart – Crude oil sell-off today, EPIC Oil Algorithm called buy side for 64.50 at day lows (on way down).

On the way down we alerted our members on the EPIC Twitter crude oil trade alerts member service of where the possible bottoms were. There was an initial possible area and then the buy side area a touch down. The chart below shows the sell-off (with red arrow) and the buy side long entries alerted to members (green arrow).

Crude, oil, selloff, chart, buy side, alert

Oil sell-off today, EPIC Oil Algorithm called buy side for 64.50 at day lows (on way down). #oil #trade #alerts FX $USOIL $WTI $CL_F $USO #OOTT #Algorithm

Alert – Oil trade alerts on the EPIC Oil Trading Alerts Feed – Starting buys in here careful will cut fast 64.50 – 58, hit low in sell off perfect.

Below is a screen shot of the private member trade alert feed on Twitter showing the member alert that our buys were starting in the 64.50 – .58 area (after we had provided the oil trade strategy in the private discord oil chat room server). Buy side alerts started at 64.50 and the low of day in crude oil was 64.44 (FX USOIL WTI).

Oil trade alerts – Starting buys in here careful will cut fast 64.50 – 58, hit low in sell off perfect. $USOIL $WTI $CL_F #Oil #trading #alerts

Chat Room Strategy – Oil chat room member guidance for buy side at bottom of sell-off today.

Below is a screen shot of the private member oil trading chat room.

“if it dumps i’ll look for 64.52 area ish”

This comment was after significant guidance by myself (lead trader at Compound Trading Group). I was looking for confirmation of a bottom trade strategy for a reversal in oil trade intra-day.

“hoping in to 1130 candle expiry i get entry”

Trade had been in sell-of prior to the Wednesday 10:30 AM EST EIA Petroleum Status Report and after the report was released trade in crude oil continued. Prior to this alert to watch the start of the 11:30 AM EST candle on the oil chart I had given significant member guidance in the chat room. If you look at the chart posted above you will see that the reversal turn in oil was in fact at the 11:30 candle on the chart.

“looking for volatility in to 64.52 and turn of 30 and long tail and volume buys”

As with the prior comment above, I’m explaining in the quote specifically what I am looking for to confirm my trade execution long for the reversal. By the way, we use a 30 minute chart for EPIC Oil algorithmic charting purposes.

“starting buys in here careful will cut fast 64.58 area”

This is the alert in the chat room that my buys started at 64.58 (this was the first alert) then on Twitter I had alerted buys 64.50 – 64.58 because price came off a bit and I was buying in to 64.50 so the Twitter alert reflected that also.

“trimmed 64.72 looking for another entry”

Then as I was trimming longs I had alerted the chat room. At this time I was also in the main trading room on voice broadcast alerting my trades to the chat room (we have the member discord chat room and a main chat room that has live oil charting for the algorithm and also voice broadcast – members can choose to be in either / or as they need).

So in a nutshell I called the bottom for members in an aggressive intra-day sell-off and provided strategy for the trade on its way down. There is many more comments prior to these from the chat room.

Oil chat room member guidance for buy side at bottom of sell-off today. $USOIL $WTI $CL_F $USO #Oil #chat #room #alerts

So the questions is, how did I know where to execute the long side trade in crude oil? How was the reversal confirmed? How can you learn to trade oil with the correct market and charting signals?

Reason Number 1 – The US Dollar.

“resistance on USD should provide moderate support for oil prices
but thats a moderate consideration”

“you could consider this area divergent right now for USD – there’s a special report out tonight, but this is resistance on DXY now on main wide structure it should calm down very soon
on intra day short time frame who knows
intra day resistance white arrow on DXY”

The correlation between the US Dollar and the trade of commodities is not always correlated. I tend to check in on our US Dollar Algorithm whenever executing oil trades. Today the dollar was trading near a critical resistance area, so I took that information in to consideration.

Oil trading strategy in chat room started with resistance approaching on US Dollar trade intra-day explained to members with charts.

Oil trading strategy in chat room started with resistance approaching on US Dollar trade intra-day explained to members with charts.

“wider structured resistance on DXY at orange line”

Screen shot of US Dollar Algorithm charting showing members in chat room where main resistance in DXY is.

Screen shot of US Dollar Algorithm charting showing members in chat room where main resistance in DXY is.

How the Dollar Impacts Commodity Prices

“The vast majority of these materials use the dollar as a pricing mechanism for global trade because the U.S. is the strongest and most stable economy in the world. When the dollar strengthens, it means that commodities become more expensive in other, nondollar currencies. This tends to have a negative influence on demand. Conversely, when the dollar weakens, commodity prices in other currencies move lower, which increases demand.”

https://www.thebalance.com/how-the-dollar-impacts-commodity-prices-809294

Reason Number 2 – Support for Oil Trade on the Weekly Chart (moving averages).

“62.30 50 MA on weekly”

The second reason is more a consideration for downside risk than it was a reason for trade.

I was reviewing the weekly chart our algorithm reporting service provides members – taking a mental note of my downside risk. I was also weighing the upside resistance on the weekly chart. Because of the weekly downside risk being considerably lower than the price of intra-day trade my risk tolerance to more sell-off was very low. I alerted that to members and would have closed a losing trade very quickly had that happened.

The 50 day moving average in this chart example shows a considerable down-side risk to a long trade. The 50 MA is the purple line on the chart in the screen shot below. More about moving averages here.

Screen shot of weekly oil chart support for trading strategy consideration – 62.30 50 MA on weekly chart.

Screen shot of weekly oil chart support for trading strategy consideration – 62.30 50 MA on weekly

Reason Number 3 – EIA confirmed the build in crude oil inventory.

#EIA
Crude: 6.805M
Cushing: 1.643M
Gasoline: -0.740M
Distillates: 3.566M
#oott

And then the EIA Petroleum figures were available online at 10:30 AM and this confirmed a large build in crude oil inventories. This is bearish but at 4:30 the day before the initial forecast provided a surprise build (hence the sell-off that started in trade prior). This isn’t a reason for a long side trade at first glance until you consider the trader’s mentality.

The sell-off that continued after EIA was announced was obviously an over committed intra-day scenario because everyone already knew that a large build was expected, so I didn’t expect it to sell off much more intra-day. My longer term bias is considerably different, but specifically intra-day in the trade of crude I didn’t expect much more sell-off.

Then the EIA Petroleum Report figures were available and the build in crude was higher than expected (screen shot of chat room).

Also note in the screen shot below of the chat room the coding tech updating the algorithm charting for members on the intra-day time frame and posting it to the room. He did this because he knew a trade was setting up so he provided the most recent machine trading data for myself and our trading community members to use when executing the trades.

Then the EIA Petroleum Report figures were available and the build in crude was higher than expected.

Reason Number 4 – Crude Oil Algorithmic Charting Support Areas to Watch.

64.60 FX USOIL buy target intra day – we’ll see how it looks trading 64.88 intra

Then I provided the members the first area of trade to watch (at 64.60) for on the charting that could have been the support area intra-day for the reversal long trade (see the member chat room screen shot above).

And sure enough, intra-day trade stalled at the 64.60 market and below is the charting we were watching. The green arrow on the charting below shows the area of trade.

Chat room screen shot – shows two EPIC Oil Algorithm charts and price target area where trade stalled for a test.

Chat room screen shot – shows two EPIC Oil Algorithm charts and price target area where trade stalled for a test.

Gray arrow shows diagonal trendline support area that has acted as support historically many times. EPIC Oil Trading Algorithm.

The gray arrow shows an area on the oil algorithm that has been used by the machines to buy intra-day sell-offs over and over again.

One of the benefits of our work is that we look at historical charts and process that big data for our clients. This work provides insight to what specific signals to use at various intervals of trade intra-day and for swing trading that the human trader simply can’t discern because the data involved is too much for the brain to process. This would take a book of 500 pages to explain. In short, this specific area in the algorithmic oil charting model has been used consistently by the machines. I include some recent examples below for demonstration purposes.

Also note the green arrows on the chart. The first being the first area of support I was watching and the second being the second area. The first area of support did see a bounce in trade intra-day but failed the pull-back back test so we didn’t execute. The second area we did execute trades on and did alert to our members. This was so close to the ideal buy trigger that we nailed it. Our members will tell you that we alert the buy zones in sell-offs near perfect nearly 100% of the time. Our feed tells the story for us – it is time stamped and transparent so there is no way to trick anyone with false signals of record.

support, algorithm, oil, trading, historical

Gray arrow show diagonal trendline support area that has acted as support historically many times. EPIC Oil Trading Algorithm.

The chart below has recent examples of trade where the machines have bought the sell-off in crude oil with significant liquidity. The sell-off and subsequent area of reversal today was exactly the same area of the algorithm model.

Oil trade algorithm and the recent areas of trade machines have taken long positions in oil during sell-offs.

Oil, trading, algorithm, historical, examples

Oil trade algorithm and the recent areas of trade machines have taken long positions in oil during sell-offs.

Reason Number 5 – Confirmation in Intra-Day Trade of Oil to Confirm Signal to Enter Long Side Trade.

Chat room screen shot – explaining to members indicators I was watching on charting for back-test confirmation in oil trade.

Crude oil trade hit 64.74 within 14 cents of the price target I was wanting to see to possibly confirm the trade (see above the 64.60 area I was watching for).

Then the price target of 64.60 was hit and I explained to chat room members to wait and see how the bounce in trade handled the upside 20 MA resistance area and to watch the expected back test (pull back in trade) to previous support before executing a trade. This is a process of watching intra-day trade for various confirmations in trade to be sure as you can be that your entry execution is not too early (or late for that matter).

Chat room screen shot – explaining to members indicators I was watching on chartng for back-test confirmation in oil trade

Conclusion:

We knew well in advance of the oil sell-off today the area of trade that was most probable to be the right buy signal.

We alerted the buy side trade for our members on the private member oil trading alerts feed.

We provided trading strategy in the oil chat room well in advance of trade achieving the price target for the long side trade alert.

I provided live charting and voice broadcast to members in our main trading room as I executed trades.

Our algorithm charting provided us the buy area well in advance as part of a rules based trading process as a result of big data processing by our team of experts in this field.

In large part, this is why I haven’t been on the losing side of an oil trade alert in many months. Every trade alert is documented in real time, recorded, live alerted and time stamped for evidence of our claims.

Are You Learning to Trade Oil?

My best advice is to join our service on a trial and view real-time how we analyse our trades.

We have a clear trading process that is rules based and has proven to win.

I am far from the best trader I know, in fact I would rate myself about a 5 or 6 out of 10 – I am an expert technician but not top shelf trader. But I am one of the highest winning percentage oil trade alerting services available simply because our algorithm models are that good – and it takes more than that, it takes a team of committed individuals to provide clear winning trading signals to the members.

Interpretation of the algorithm models as a result of experience and historical big data processing is why we win and win often. And when we loose, it is small because we know when a trade has failed. In our work we know before the crowd where to buy and why and where to close and why. We know where to add to your trades and where to trim you trades.

And finally, if you need more help getting on the winning side of your trades then I would seriously consider 3 hours of private coaching. Even the best traders in the world have a coach because a trading coach will keep your psychological game in check as it relates to following the trading of a rules based process. A trading coach is critical to success as a winning trader.

Best with it and let me know if you need anything.

Curtis

To Learn More About Trading Oil:

Learning to Trade Links on our Site and/or YouTube.

Crude Oil Trading Face-Off Results “Pro Trader” (Man) vs. EPIC Oil Algorithm (Machine Trading Tech)

Oil Trading Alerts Live Video w EPIC Oil Algorithm #EIA Report #Oil #Trading #Algorithm #Alerts $USOIL $WTI $CL_F

“The Nut Hand” Today’s Huge Oil Trade Win. Exactly How It Was Done. How I Knew & How You Can Too.

CRITICAL Oil Trade. Weekly Timing. EPIC Oil Algorithm Channel $USOIL $WTI $CL_F $USO #OilTrading #EIA

Overnight Oil Trade | Trading Plan in Detail | EPIC Oil Algorithm $USOIL $WTI $CL_F #OIL $USO #Alerts

No Crystal Ball? Watch this… EPIC Oil Algorithm #EIA $USOIL $WTI #OIL $USO $CL_F #OOTT #Algo

Oil Trading Room – How to Use EPIC the Oil Algorithm June 21, 2017 (video).

Oil Trading Room – How to Use Oil Algorithm Chart & Recent Trades June 29, 2017 (video).

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Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States

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Going Back to 2002, Twelve of last Thirteen Major Time Cycle completions on Weekly Oil Chart (a significant

Article Topics: Crude, Oil, Trade, Alerts, Chat Room, Reversal, Strategy, Algorithm, Learn to Trade

May 2018

Feature Post: 12 of Last 13 Oil Chart Time-Cycles Have Trend Reversal. $USOIL $WTI $CL_F $USO $UCO $UWT $DWT #OIL #OOTT

Feature Post: 12 of Last 13 Oil Chart Time-Cycles Have Trend Reversal. $USOIL $WTI $CL_F $USO $UCO $UWT $DWT #OIL #OOTT

Crude Oil Trading Strategy, Swing Newsletters $CL_F, $UCO, $USO, $USOIL, $UWT, $WTI, Chart, DWT, Oil, OOTT, symmetry, timecycles, Trade, trend reversal, weekly Curt Melonopoly

Going Back to 2002, Twelve of last Thirteen Major Time Cycle completions on Weekly Oil Chart (a significant structure) have a Trend Reversal to one extent or another.

This structural set-up should not be ignored by oil traders as the weekly chart is a significant structural consideration for long / short bias in trade planning and positioning.

Consideration toward indicators or chart set-ups / patterns in your oil trade planning is good (technical), as is fundamental research.

However, relying on limited individual charting indicators or set-up patterns (such as moving averages, MACD, head and shoulder pattern, etc) to form a bias can be problematic as it doesn’t provide a complete “structural” perspective to effectively form trade bias / positioning.

In our work, we rely heavily on chart structure on various time frames (1 min, 3, 5, 15, 30, 1 hour, 2, 4, Daily, Weekly and Monthly).

Above all else, the structure of the trading instrument (in our work and trade) is trump consideration. We know that all financial instruments have a structure and it is this structure that allows our trade positioning and our machine coding to operate at a significant advantage to the broad market.

If you wish to confirm our call record, contact me anytime for a personal tour of time stamped alert feeds, private user feeds and more.

January 2019 Update:

It happened again… today I posted an updated chart that brings the count to 13 out of last 14 time cycles, see below.

Dating back to 2002, 13 of 14 major time cycles on weekly crude oil chart structure seen trend reversal to some extent or another #Oil #OOTT #TimeCycles FX USOIL WTI $CL_F $USO $UWT $DWT

https://www.tradingview.com/chart/USOIL/F8Z9UE66-Dating-back-to-2002-13-of-14-major-time-cycles-on-weekly-crude/ …

The Technical Significance of the Weekly Oil Chart and Structure Presented:

Specific to the point of this post, below is the oil chart I published to Trading View that shows the time cycle peak areas of oil on the weekly chart. The weekly oil chart is a significant structure because it is one of the broadest time frames the market uses to chart the trade of oil.

Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another #OILChart

Real-time oil chart link:

https://www.tradingview.com/chart/USOIL/SvCYkyzH-12-of-last-13-time-cycles-in-Oil-trade-had-trend-reversal-OIL/

Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another #OILChart

12 of last 13 time cycles in Oil trade had trend reversal. #OIL by curtmelonopoly on TradingView.com

How to Read this Oil Chart:

The vertical green lines show the date(s) of the peak time cycle area. You will notice that oil trade has reversed trend 12 of the last 13 time cycle peak areas. In some instances immediately and in some instances a few weeks later. You will also notice that the trend reversal is at times considerable and at other times not so much. The only time cycle peak that did not see a trend reversal was during the price plunge in October of 2014.
The yellow arrows on the oil chart denote area of trend reversal (in some instances a simple retrace and in others the reversal in oil trade is much more significant).
The diagonal blue lines are simple Fibonacci related trendlines that form what we call Trading Quadrants (the term comes from the lab work we do in preparation for machine coding of our algorithm models).
The horizontal lines are Fibonacci related support and resistance (retracement) lines. Our Fibonacci work is formed specific to chart structure and not conventional Fibonacci retracement work you may usually see from market chartists.
The red circles are targeted areas of precise trade that we note for our reference and purpose as it relates to our work. Not a significant indication on this chart for the point of this post.
The moving averages 20 MA, 50, 100, 200 are also on the chart and also not significant to the point of this post.

Below are Oil Chart Snap Shots From 2002 to Present (Note the Symmetry):

Symmetry and patterns in trade are important, especially if symmetry can be established within time cycles with some regularity. The chart images for oil trade from 2002 to 2018 (present) display the importance of this type of work.

Oil Charting Jan 2002 to Jan 2009 shows a consistent pattern / symmetry of oil trade trend reversals at time cycle peaks. $USOIL $WTI $CL_F #OIL

OIL, chart, historical, time cycles, symmetry

Oil Charting Jan 2002 to Jan 2009 shows a consistent pattern of oil trade trend reversals at time cycle peaks. $USOIL $WTI $CL_F #OIL

Oil Charting Jan 2008 to December 2014 also shows the trend reversal pattern with one exception in Oct 2014. $USOIL $WTI $CL_F #OIL

Oil, charting, historical, symmetry, trend reversals

Oil Charting Jan 2008 to December 2014 also shows the trend reversal pattern with one exception in Oct 2014. $USOIL $WTI $CL_F #OIL

Oil Charting from Aug 2013 to present day in May 2018 also displays the trend reversals post time cycle peaks. $USOIL $WTI $CL_F #OIL

Oil, charting, symmetry, time cycles, trend reversals

Oil Charting from Aug 2013 to present day in May 2018 also displays the trend reversals post time cycle peaks. $USOIL $WTI $CL_F #OIL

Where are We Now?

Oil trade is now on the other side of an important time cycle completion / peak, as with the last thirteen time cycles highlighted in this post.

There is a very high probability of a reversal in trend, whether it be a simple retrace or a completely new trend develops.

How to Trade The Next Move in Oil:

For a detailed swing trading plan for the next move in oil register to our free mailing list and you will receive a copy. Unsubscribe anytime.

If you are already on our mailing list, you will automatically receive a copy of the oil trading report when released shortly.

Crude Oil Trading Academy : Learn to Trade Oil:

Learning to Trade Crude Oil Futures Contracts is Like No Other Trading – Having a Rules Based Process Will Help You.

Visit our complimentary study links here for real articles from our oil traders day to day experience in our oil trading room, click here – Crude Oil Trading Academy : Learn to Trade Oil.

Learning to Trade? Here are some links that reflect topics in this post:

Trend Reversal https://www.investopedia.com/terms/r/reversal.asp

Charting Time Cycles http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:cycle_lines

Fibonacci for Charting https://www.investopedia.com/terms/f/fibonacciretracement.asp

Symmetry in Mathematics https://en.wikipedia.org/wiki/Symmetry_in_mathematics

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