Tag: Crude Oil
Simple Crude Oil Intraday Trading Strategy – Trading Bullish Trend Line Resistance Break-Out. #OOTT $CL_F $USO #CrudeOilTradingStrategies
Trading the Trend Line Break-Out for an Intra-Day Run-Up of 200 Points Happened Today in Oil Markets.
Below is a Step by Step Simple Guide of How To Trade this Strategy in Crude Oil.
Today crude oil broke out bullish in intra day trade of a trend line resistance. This simple step by step guide will help you get the big wins when they count.
I didn’t take the trade. I had alerted the trade set up to our oil trading room members on the alerts feed, and DID NOT TAKE THE TRADE, ugh.
But, not every trader takes every trade.
Below is a screen capture of the oil trading alerts feed – one of the intraday communications to our members about the intraday bullish set-up developing.
“So what I’m saying is I don’t think intra day shorting is a best practice idea while this possible squeeze is threatening shorts, it could be very bad for shorts, especially with a blow off in to 30 31s possible, see upper arches (gray).”
Below are the tips and steps for you to follow.
Part 1 of this article explains the conventional charting for this set up and how to trade the basics of the strategy.
Part 2 provides further technical insight for our oil trading room and alert members – it will be sent out to members in about an hour. Part 2 also includes algorithmic levels, price extensions, Fibonacci levels, price targets and time cycles.
First, lets look at the trend line set-up trade on an oil chart.
CHART – Simple Crude Oil Intraday Trading Strategy
Steps to Trade an Intra Day Crude Oil Trend-Line Break Out:
- Chart the Set-up.
- Oil traders should be constantly charting trend lines on whatever time-frame they are trading. In this instance I charted the trend line resistance on a one hour chart.
- Three Possible Trade Scenarios When Price Breaks Out.
- The break out fails. This is possible so be sure to use stops or reverse your trade if the break out of resistance fails.
- The break out succeeds and price keeps running without a retest of previous resistance (now support). If price does not come back to test support of the trendline then you have to be prepared to take the trade long and go with price action.
- And finally, price breaks out of resistance and then comes back to retest the new support (which was previously the resistance of the trendline structure).
- Trade Price Action.
- In this example, crude oil price intraday broke out of the trend line resistance and then retested the level and then continued for a bullish 200 point run up in price. When the retest happened and support held, this was your golden opportunity for massive gains to your P&L.
So that is what a simple strategy in crude oil intraday trading looks like.
It comes down to always be charting your intraday price action and learning how these set-ups work. And then simply managing your trade execution with trade size management, technical levels, stops and sound thinking.
As a last side-note, I will say that ideally you want to get the trade started at the support of the actual structure of the set-up (as shown in the EPIC tweet below), however, this is more advanced and I will discuss in detail in Part 2 of this article.
Power of trend line price breakouts from a trading structure support, crude oil intraday near 200 points from oil trade alert buys earlier #OOTT $CL_F $USO #oiltradealerts EPIC V3.1.1 software was in deep at 24/30 size in position trading, very large size. Lead trader was also.
https://twitter.com/EPICtheAlgo/status/1260875628502491143
This trade set-up strategy was the day after the EIA report on Wednesday, for other simple intraday strategies visit our website. For a more in depth look at intraday crude oil trading strategies try this article (click here).
VIDEO – Simple Crude Oil Intraday Trading Strategy – Trading Trend Line Resistance Break. #OOTT $CL_F $USO $UCO $SCO
Thanks for joining us in our trading journey, we endeavor to build the best winning oil trading alerts and oil trading room service for oil traders.
Part 2 of this article is here:
Any questions please send me a note via email [email protected].
Thank you.
Curt
Further Learning:
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.
Welcome to NYMEX WTI Light Sweet Crude Oil Futures.
Subscribe to Oil Trading Platform:
Standalone Oil Algorithm Newsletter (Member Charting Reports sent out weekly at times in report form or updated on email regularly).
Real-Time Oil Trading Alerts (Private Twitter feed and Discord Private Server Chat Room).
Oil Trading Room Bundle (includes Weekly Newsletter, Trading Room, Charting and real-time Trading Alerts on Twitter and private Discord Chat Room Server).
Commercial / Institutional Multi User License (for professional trading groups).
One-on-One Trade Coaching (Via Skype or in person).
Article Topics; simple oil, intraday, strategies, trend line, break outs, trade, day trading, crude oil, trade alerts.
One of The Best Crude Oil Day Trading Strategies – 200 MA One Minute Chart Time Frame #OOTT $CL_F $USO $USOIL
How to Day Trade the 1 Minute Oil Chart Using the 200 MA for Support and Symmetry for Resistance.
A Simple Step by Step Intra Day Trading Guide from our Oil Trading Room and Alerts Service.
Below are my top trading rules (steps I take in my strategy) when daytrading crude oil on the one minute time-frame. It has worked for me over the years and I am sure you will find it a highly profitable way to day-trade oil.
1. The Price Trend of Trade is Your Friend.
- If you are going to day trade oil long be sure oil is in a rally. In this case oil has been rallying for a number of days and today oil price continued to rally. In this instance, the trend is on your side so it is obvious that your highest probability day trades scalping crude oil futures will be long buy entries.
- Today’s News – Stock market live updates: Dow up 400, oil rallies 18%, Norwegian dives 18% https://www.cnbc.com/2020/05/05/stock-market-today-live.html
2. Price Dropping in to The 200 MA on One Minute Oil Chart.
- Chart from the Oil Trading Room and Alerts feed shows the set-up intra day for the 200 MA scalp, “On the 1 minute time frame 25.15 200 MA is attractive test for a crude oil day trade pop up scalp – trading 25.68. #oiltradealerts” The white arrow on the chart points to the 200 MA on the 1 minute time-frame (200 MA in pink).
On the 1 min time frame 25.15 200 MA is attractive test for a crude oil day trade pop up scalp – trading 25.68. #oiltradealerts
3. Execute Your Long Trade when Price Hits the 200 MA (Moving Average).
- The screen image capture of the oil trading alerts feed show oil price bouncing off the 200 MA signal, day trade is now in play.
- “Nice 40 point move on that crude oil daytrade set up on the 1 minute time frame, I didn’t take it, first extension resistance here. #oiltradealerts”
The screen image capture of the oil trading alerts feed show oil price bouncing off the 200 MA signal, day trade is now in play. #oiltradingalerts
4. Take Profit as You – Go Based on Your Trading Plan.
- Oil trading room live image below shows first price target hit, symmetrical price extensions, and a point to trim profits in your long trade scalping crude oil #oiltradingroom
Oil trading room live image shows first price target hit, symmetrical extensions, and a point to trim long scalp #oiltradingroom
5. Technical Analysis Helps Plan Your Oil Trading Strategies.
- Below is a one minute oil chart with symmetrical price extension price targets so our oil traders know where to trim profits along the way while daytrading oil.
Your 3 steps of symmetrical extension resistance points for this day trade in oil #oiltradealerts
6. Use an Oil Trading Strategy – A Plan.
- The image capture of oil trading room shows the 3 price targets for our trading strategy with this trade intraday #oiltradingstrategies
- At point of writing this article, the move on this oil trade alert intra-day is now 80 points, this is a fantastic day trade strategy for oil traders. Knowing where your price targets are and knowing how to measure the symmetry for price extension price targets will really help your strategy.
The image capture of oil trading room shows the 3 price targets for our trading strategy with this trade intraday #oiltradingstrategies
Technical indicators or signals really help retrieve more profit in each trade and also help with your winning percentage of trades.
There are many other signals that you can use for any oil day trade, including the trade outlined in this article. Some of the other indicators or trade signals include order flow, time of day, resistance and support on larger time frames such as the 5 minute, 15 minute or 30 minute chart time-frames and many more.
The price extensions in this article are part of a proprietary one minute oil trading grid model that our machine trading uses. There are many ways to set your price targets, some use conventional charting methods and some algorithmic (or proprietary models as in this instance).
Hopefully this tutorial on using the one minute oil chart 200 MA as a signal for day trading (scalping) trades has helped. It is an intra-day strategy that has worked for me in my trading time and time again.
You should find implementing this simple crude oil intra day trading strategy that your win rate and returns will excel.
If you liked this article there is another day trading oil strategy article I wrote here.
Oh, and by the way, while I am finishing up writing this article oil is getting near the upper price target for this day trade and I just alerted the oil trading room and our alert subscribers to take profits. Nice Trade!
My goal is to build the best oil trading room and oil trading alerts service in the world for oil traders – obviously a tall order, but we’re getting there one step at a time.
Any questions please send me a note via email [email protected].
Thank you.
Curt
Further Learning:
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.
Welcome to NYMEX WTI Light Sweet Crude Oil Futures.
Subscribe to Oil Trading Platform:
Standalone Oil Algorithm Newsletter (Member Charting Reports sent out weekly at times in report form or updated on email regularly).
Real-Time Oil Trading Alerts (Private Twitter feed and Discord Private Server Chat Room).
Oil Trading Room Bundle (includes Weekly Newsletter, Trading Room, Charting and real-time Trading Alerts on Twitter and private Discord Chat Room Server).
Commercial / Institutional Multi User License (for professional trading groups).
One-on-One Trade Coaching (Via Skype or in person).
Article Topics; day trading, crude oil, 200 MA, 1 minute time frame, strategy, chart, symmetry, oil trading room, oil trading alerts, simple, intraday, trading strategy