Crude Oil Trade Strategies Report June 30, 2019.
Trade Alert Signals for Crude Oil (CL) Day Trading, Trend and Swing Trading. Intra-Day, Daily, Weekly, Monthly Time-Frames.
The strategies that include charts, algorithm models, signals, price targets and guidance included below are suitable for mechanically executed trading and are also the models our coding staff reference for our crude oil machine trade development.
With each chart model we may include trade strategy notes for your consideration.
For perspective, review historical reporting on our blog and the various videos we have published to our YouTube channel.
Much of the structured model discipline used is similar in concept as discussed in this video; Mathematician Who Cracked Wall Street.
Crude oil price moves within structured areas (ranges) of trade / charting on various time frames (different time cycles of trade).
The structure oil price moves within (the range) can be one minute charting timing through to monthly charting.
Time-frame set-ups / strategies are charted as conventional chart set-ups and/ or algorithmic chart set-ups (structures).
Understanding and having each time frame at your immediate access (both conventional and algorithmic) will increase the probability of profitable trading.
Sizing trades appropriate to your trading account and time frame for each set-up is additionally a positive strategy.
Using the correct chart time-frame specific to your trading strategy is critical. Generally, the lower (smaller) the time frame the less predictable the support and resistance areas (or structure) of the chart will be. However, the larger time-frames (monthly, weekly, daily) may also have significant “slippage” but the primary structure will often remain intact.
Generally, the idea is to enter your positions based on the structure for the specific time frame you are wanting to trade referencing the other time frame support and resistance or range within the trend. The basic method is to understand the range of trade and execute trade long bias when price is near support for the appropriate time frame / structure and the opposite is true for short trades.
Our staff use the thirty minute model structures (range within trends) most often for primary areas of support and resistance trading signals referencing all other time-frames in their trading strategy.
Positioning should be significantly biased to the trending range of trade. For more information about trend identification for trading various time-frames refer to this article on Investopedia; Multiple Time Frames Can Multiply Returns.
If you have questions about the models below please email us at firstname.lastname@example.org.
Not all charts are updated every week and some concept or test charts are added or deleted on occasion. If you are a new client that would like to review historical reports that are still locked on the blog from public view please email the office with your request and we will send you recent reports to review.
Please note, chart links that support the models below are now distributed specific to each user or small group of users. If you are using more than one device to access the charting, to avoid disruption of service, please email us a simple / general description of those devices to assist in controlling dissemination.
EPIC Crude Oil Algorithm Model. 30 Minute Oil Chart Structure.
The EPIC algorithm model chart below is a proprietary structure that has been back tested sixty months on thirteen time-frames. The model represents the most probable areas of support and resistance in oil trade within this specific time-frame.
The levels noted on the EPIC model are to be used as important areas of consideration for support and resistance (trade signals) for your trading strategy when using conventional charting set-ups / structures and/or other algorithmic charting.
Resistance and support areas on the thirty minute oil trade structure chart are at each line on the algorithmic chart. The primary areas of support and resistance are;
- Outer quadrant walls / also used as channel support and resistance (orange dotted diagonal lines), the half way point between each is often an executable buy or sell trigger in trade (not shown on model below),
- Mid channel line for uptrend and down trend (white dotted diagonal),
- Mid quad horizontal (not marked but is at the mid point of the quad),
- Fibonacci levels (various horizontal colored lines),
- Historical areas of support and resistance (purple horizontal).
- The intra-week swing trading range is from thick horizontal gray line to the next (commonly becomes a pivot area of trade).
- The important historical diagonal trend-lines (conventional trend lines) are represented on the chart as thick white lines.
- Also of note are the price targets for Tuesday 4:30 PM (API), Wednesday 10:30 AM (EIA) and Friday 1:00 PM (Rig Count). The Tuesday and Wednesday targets hit significantly more often than the Friday target (red circles with red or green vertical dotted lines intersecting).
- At times other indicators are added to the chart such as important trend lines “in play”, moving averages and more.
The video at this link explains How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, #OIL, #Trading, #Algorithm, #OOTT as does this video Oil Trading Room – How to Use EPIC the Oil Algorithm Model Chart June 21 #OIL #OOTT and this Webinar 1: EPIC the Oil Algorithm.
When conventional crude oil charting coincides (or agrees) with the EPIC algorithmic model support and resistance this is then considered a significant buy or sell trigger (signal) for crude oil trade.
Be aware (at minimum) of the primary support and resistance areas on the larger time-frames (lower time frames are not as critical) – in this instance (when trading the 30 min time frame) the 1 hour, 4 hour, daily, weekly and monthly charting should be considered when sizing your trades.
30 Minute Charting.
EPIC 30 Min Crude Oil Trading Algorithm June 30 536 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
One Minute Oil Trading Model. Ideal for Intra-day Crude Oil Trade.
The one minute oil trading model provides for pinpoint trade entry, sizing and exit points for daytrading oil. It is also used for squeeze scenarios in oil day trading. The main range is between the red / blue areas with thicker dotted white lines. The range is considerably more predictable in a squeeze scenario.
Intra-day diagonal trend-lines should be added by the daytrader.
If you need a recent 1 minute model email the office and a link will be sent to you.
One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
5 Minute Charting.
The five minute oil trading strategy chart below includes a Elliot impulse 5 wave component for when oil is trading intra-day on this time frame. The horizontal / diagonal / sloping up-trending green lines can be used as support and resistance decision areas.
5 Min Crude Oil Trade Model 717 PM June 30 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
15 Minute Charting.
Recent crude oil trade makes a predictable 15 minute model difficult, below are some trend lines to consider until a structured range or channel possibly develops.
15 minute abstract crude oil model in development, under test.
60 Minute Charting.
60 Min Trend Channel Trade Box Fork (concept chart) May 29 1:10 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
2 Hour (120 Min) Charting.
Trend Lines Everywhere – 120 Minute Crude Oil Trend line chart.
4 Hour Charting.
240 Min Crude Oil Chart Structure 1007 PM June 30 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
4 Hour Oil Trending Channel Chart with Trading Boxes Moving Averages 123 PM May 19 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
4 Hour Symmetry Chart, Needs to be Cleaned Up May 19 134 PM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies
The 4 hour crude oil concept model below has trend-lines, Fibonacci support and resistance horizontal lines (pay close attention to the gray horizontal lines) and diagonal algorithmic Fib trend lines (orange dotted).
4 Hour Concept Crude Oil Trading Model May 19 154 PM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies.
The daily time frame provides a larger structure to consider. The diagonal Fib lines are important as are the mid quad horizontal lines. The moving averages (especially the 200 MA) should be considered in your trade strategy. The MACD is a common indicator on the daily oil chart for forward positioning and trend bias.
Daily Crude Oil Trend Line, Range Chart 1019 PM June 30 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
Daily Crude Oil Chart, Trend Line Considerations 1026 PM June 30 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
Daily Crude Oil Chart Golden Cross 200 PM May 19 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies
Weekly Crude Oil Time Cycle Chart 1016 PM June 30 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
Weekly Crude Oil Trend Line, Range Chart 1023 PM June 30 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
Weekly crude oil chart perspective May 19 1036 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies
The most important signals on the weekly chart model are the red historical trend lines. Pay very close attention to them. There are other common indicators included on the model also.
Weekly Trendline Crude Oil Trading Model May 6 118 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies
May 6 – price nearing an important trend line support (red line on chart below).
Monthly Crude Oil Structure 1029 PM June 30 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies
Monthly Structure Crude Oil Trading Model 209 PM May19 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies
Monthly Structure Crude Oil Trading Model 126 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies
Weekly trend line resistance area holding so far.
Oil Price Targets
Machines were in control last week. When crude oil sold off Friday it first hit upside price target and then sold off in to lower price target perfect (Price Targets published on weekend prior report) Lower PT shown below. #machinetrading FX $USOIL $WTI $CL_F $USO $UWT $DWT #OOTT
Machines were in control last week. When crude oil sold off Friday it first hit upside price target and then sold off in to lower price target perfect (Price Targets published on weekend prior report) Lower PT shown below. #machinetrading FX $USOIL $WTI $CL_F $USO $UWT $DWT #OOTT pic.twitter.com/GSGKu06HMb
— EPIC Crude Oil Algorithm (@EPICtheAlgo) June 30, 2019
If you would like to learn more, click here and visit our Crude Oil Trading Academy page for complimentary oil trading knowledge – posts from our top crude oil traders that includes learning systems, blog posts and videos.
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Article Topics: Day Trading, Crude, Oil, Trading, Futures, Strategy, Signals, USOIL, WTI, CL_F, USO