Tag: Crude
Price Increase Mar 4: Oil Trade Services (Bundle, Newsletter, Alerts, Trading Room) w/ Promo Codes
RE: Price Increase Details w/ Promo Codes. EPIC Oil Trade Algorithm March 4, 2019. Applies to Bundle, Newsletter, Oil Trade Alerts and Oil Trading Room.
February 24, 2019
Compound Trading Group recently launched a first generation oil trading algorithm (CL) software with great initial success. January oil trade alerts seen a 63% account build increase. We expect results to continue to trend higher as the software is fine-tuned.
More recently, we distributed an advisory to detail software protocol updates that will execute oil trade alerts at a higher frequency with a mandate for 60 – 100 trade alerts per month with an objective of 80% or higher win rate (the current win rate is consistently higher than 90%). The objective is to provide a higher frequency of alerts to achieve a greater return on equity per month with a moderate decrease in win rate as the trade-off.
Also included on the advisory above is detail concerning our proprietary IDENT software update – IDENT is an order flow identifier that helps our software trigger trades with market leaders. The IDENT program update has provided our oil trading and alerts with an extremely high win rate since introduction.
Also recently announced, Compound Trading Group’s EPIC Oil Machine Trading Software has been selected for the SOVORON™ trading platform. SOVORON™ offers a unique trading service providing clients with technology application based Machine Trade of personal investment accounts along with a fund and robo-trade application in their pipeline. To explore their unique client service structure click here http://sovoron.com/ or call 1-849-861-0697.
And finally, Compound Trading Group will be closing to the general public as of April 30, 2019 and will only be available as a private service going forward – you can view the news release here.
Existing members will be included in the transition. Most of Compound Trading Group’s clientele are serious full time traders, private commercial trading services and institutional clients.
Price Increase Detail, Early Adopter Price Guarantee, Limited Promo Codes:
The main pricing menu on our website is found here.
Existing members (early adopter pricing) remains constant and are not affected by the price increases below as long as the member fees do not lapse.
Oil Trading Bundle – Weekly EPIC Algo Newsletter and Charting, Real Time Twitter Feed Alerts, Main Trading Room Access During Active Trade, Private Oil Trading Room / Chat Discord Server (not screen sharing live broadcast like the main trading room).
Current Pricing: 1 Month 399.00, 3 Months 1099.00, 6 Months 2199.00, 1 Year 3999.00.
New Mar 4, 2019 Prices: 1 Month 799.00, 3 Months 1999.00, 6 Months 3799.00, 1 Year 6999.00.
This works out to about 10.00 per alert but also includes the trading rooms and newsletter. If you calculated 60 – 100 trade alerts per month.
Standalone Oil Algorithm Newsletter – Weekly EPIC Algo Newsletter.
Current Pricing: 1 Month 299.00, 3 Months 807.30, 6 Months 1435.20, 1 Year 2511.60.
New Mar 4, 2019 Prices: 1 Month 399.00, 3 Months 999.00, 6 Months 1899.00, 1 Year 2999.00.
Crude Oil Trade Alerts – Distributed by way of private members Twitter feed and now includes access to private Discord oil chat / trade alert feed (with push notifications).
Current Pricing: 1 Month 199, 3 Months 537.3, 6 Months 955.2, 1 Year 1671.60.
New Mar 4, 2019 Prices: 1 Month 499.00, 3 Months 1399.00, 6 Months 2699.00, 1 Year 4999.00.
Promo Codes are in effect for a limited time “bundle30” at check-out. The promo codes remain in effect until Mar 3, 2019 only.
If you have any questions please email me direct at [email protected].
Warm regards,
Jen
Machine Learning Trade Software Advisory | Crude Oil: (1) Frequency (2) IDENT Program
February 22, 2019
RE: EPIC Crude Oil Algorithm Machine Trading Software Advisory Specific to Trade Frequency Protocol “Throttle” and IDENT Program Description.
We are now near two months of running the machine trading software for crude oil futures contracts (CL).
During the testing phase, which will continue for some time as we adjust code instructions, the execution of trades by the program is “throttled”. Meaning specifically that the frequency of trade was specifically limited to the highest and then was adjusted to a higher win probability threshold.
The result of the initial testing achieved near 100% win side trade accuracy, but less than optimum trade frequency. Increased frequency may (will in our estimation) return a higher ROI – assuming the win rate percentage achieved is high enough. This of course is a complicated calculation within the code that reflects the win side average per trade return vs. loss side average per trade. In short, the loss side is programmed to be less (limited by way of higher frequency executions – tight stop triggers) and when trade is on win side the trade profit is increased via trade size that is progressively trimmed as the trade is in progress. Refer to private Discord oil trade chat server for real-time discussion between developers and traders for more detail.
An article is available at this link that displays some of (actionable by a human trader executing trades manually) the oil machine trading results, much of which was throttled considerably and much of which had human intervention – in other words, had the software been released to execute totally autonomous the returns would have been considerably higher – but we are testing. The highlighted trades returned a 63% increase on the “large account” test for the one month duration. This achievement was specifically to the alerted trades, not the higher frequency machine trades.
The “alerted trades” meaning that which could be considered actionable alerts to our subscribers. The machine software executed many times more trades but our current alert system platform (Twitter private member feed, Discord private chat server, Oil trading room live broadcast) cannot for the most part distribute alerts fast enough for the higher frequency trades to be considered actionable by a human executing trades manually (a trader digital platform is on the team WIP to remedy this). In consideration also is that the higher frequency trade protocols could easily be reverse engineered to expose the proprietary protocols under our IDENT program – this remains a discussion point internally and how the higher frequency trades will be shared is in question (more on that at a later date).
The “throttle” was initially set to approximately 20 x and over the course of fifty days progressively lowered to function near 10 x with less and less human intervention along the way. 20 x for example would result in twenty times less trade frequency than would otherwise be if the software was not “throttled” at all.
Today (Feb 22 at 2:11 AM EST) the code was adjusted considerably to be “throttled” to be less than 10x and will be lowered progressively over the next 7 trade days. The win rate vs. return as it would be calculated over a month is the achievement bar (goal) in focus. More on this objective and other clarification in near future updates.
Market condition will also result in variance of execution frequency as will holiday weeks specific to the model(s) divergence.
The main takeaway: In to next week the frequency of trade will be considerably higher with an objective being to find the most optimum throttle setting to achieve the highest return. The win rate is expected to near 80% and not near 100% and the return on equity on a monthly basis to increase considerably.
The 63% monthly return (monthly return in this instance meaning account equity size increase as it relates to alerted trades only) is a favorable start, however, our team believes 100% + return per month is consistently attainable (on average over a year) and in a perfect machine executed world 300 – 500% being optimally possible. For now our objectives are to achieve consistent wins at higher than 80% with a frequency of about 60 to 120 trades per month with a return averaging 100% per month (the bar).
The IDENT program is a protocol specifically to order flow identification of market participants achieved by way of historical pattern recognition of between 20 – 40 entities that we consider largest and approximately 200 entities that we consider important enough to attempt to track. The entities are prioritized in what we describe as an “alpha” order. The IDENT program is in large part the topic of this recent article at this link that describes the influence of machine trade in the crude oil trade market as experienced by our lead trader and is in large part the reason for the “intuitive like” nature of our software protocol.
The IDENT program seeks to enter trade direction with prioritized alpha order flow and exit in the same fashion. It is a proprietary process and the instruction set within the code architecture will in large part remain private.
For more information on how our development has progressed, refer to this link that will immerse you in a series of articles written from first hand perspective of the day to day trading of our lead trader with crude oil futures.
Thank you.
Strategies for Day Trading and Swing Trading Crude Oil | Premium Member Newsletter
Strategies for Crude Oil Futures Trade February 12, 2019. Includes Rule-Set Instructions.
Below is the oil futures trading battle plan for day trading, swing trading intra-day and longer term swing trading.
This report includes a section that breaks out much of the rule-set for the 1 minute model with an actual trade progression as alerted in the oil trading room and on the Twitter alert feed. The report on whole provides key insight in to the rule-set we are using.
If you want to learn how we traded for over 63% gains last month, study this report and any recent reporting and videos closely. Our software techs believe 500% is not out of the question. I know it’s lofty, but when you consider the current win rate (over 90%) and that last months trading gains were only as a result of trading less than 10% of the time you can then begin to appreciate the power of a winning systematic oil trading rule-set.
The EPIC Crude Oil Algorithm Reporting below is an alternate format to the regular format – we will be using alternate formats during a period of establishing simplified trading strategies for our members (the trade rule-set).
Links for the 1 minute model and the 30 minute EPIC model are provided separate of this report to members as they are slightly different for different distribution lists (retail, commercial, institutional variations). If you need either please message us preferably at [email protected].
Oil Trading Strategies Below are in Large Part Based on the EPIC Oil Algorithm Charting Model.
We Weigh Trade Probabilities on all time-frames against the EPIC model. This is important to consider when assessing our trade alerts for your own trading plan.
The EPIC Crude Oil Trading Algorithm Model below is by far the most predictable model we use for trade (30 Minute chart model).
The 30 minute EPIC model provides a general trading structure for the day. Important areas of support and resistance should be considered. It is common for the outside quad walls to be tested on the upside and downside. Long trades at the bottom support and short trades at the top of each quad or channel should be considered. Specific points of trade execution should be considered on lower time frame charting models.
On the EPIC Algorithm model a trade in to top of quad range is probable if price is over mid quad.
Refer to historical EPIC reporting and videos on yYouTube for ways to structure trades in the model.
- Trading the Range of the Quadrants and Range of the Channels:
- Respecting the key resistance and support areas of the oil trading model at quadrant walls (orange dotted), channel support and resistance (orange dotted), mid quad horizontal support and resistance (horizontal line that cuts through middle of quad) and the mid channel lines (light gray dotted).
- We are finding that when oil trade is not in an uptrend or downtrend and is trading sideways around a pivot that trade will often test the mid channel lines (gray dotted) of the model. This causes the predictability of the quadrant support and resistance to be less (trade at quad support and resistance can be “sloppy”). This trade action in the model makes logical sense as a trend is not in play for an up or down channel. Another way to describe it would be trade using half quadrant support and resistance. While trade is in a sideways pattern on the daily your intra-day crude oil trading strategy should reflect this scenario. See examples from trade below:
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“the predictability of the quadrant support and resistance to be less #crude #oil #trading #strategies” -
“when oil trade is not in an uptrend or downtrend and is trading sideways around a pivot (as it has the last eight or so trading days) that trade will often test #oil #trade”.
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- Trade Size.
- Sizing should be considered at key support and resistance of the EPIC model structure. The model can be used to determine sizing bias on tighter time frames on one minute below. Sizing can also be a consideration for short term swing trading oil in the model.
Per previous;
Screen capture of trade moving through EPIC Crude Oil Algorithm range Jan 16 – 20. The quadrant walls and mid channel lines are support and resistance.
Timing Trades Using the One Minute Oil Chart Model.
- Volume.
- Wait for volume. Low volume periods have lower predictability in the models. Often early in futures trade and after 2:30 oil settlement daily are commonly low volume periods of trade.
- Trend.
- Determine the intra-day direction (trend) of trade. Strong bias should be considered for long or short positioning based on intra-day trend. Upward trend bias to long positions and down trend intra-day bias to short positions.
- Determine the trend on the daily chart also, some bias should be toward that. Watch the MACD on the daily, although it is a moderately late indicator it does confirm bias / trend.
- Check important timing for key global market open hours (inflections in intra-day trend can occur there, especially going in to New York regular market open).
- Support and Resistance.
- In an uptrend try and execute on support of the range on the one minute trading box (short term pull back) – the opposite is true in a downtrend. Break-up or break-down trades are more risky but can return positive results as long as a trader closes losing positions quickly.
- Trade Size and Positioning.
- In a predictable structure sizing intra-day should be maximum at entry and trims at mid trading box and top or bottom of trading box – specific to the 1 minute chart model. Our software for instance will enter with 10 contracts and release size as trade proves. See example below:
- Our trader in crude oil trading room providing signals for trade alert that went out to members – screen capture.
- “M – Machine sell program initiated. Short 52.44. Stop 52.61 or buy program detected. 1 Min model price targets 52.29 52.11 51.88 51.66. Support 51.73 on recent 30 min model in trading room and 52.50 52.38 52.19 51.75 EPIC. Resistance 52.62 52.75 53.04 53.16 53.51 EPIC.”
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Our trader in crude oil trading room providing signals for trade alert that went out to members – screen capture.
- Our trader in crude oil trading room providing signals for trade alert that went out to members – screen capture.
- Position size and trimming to take profits as you go should also reflect key resistance and support on the EPIC algorithm model.
- Trim positions at mid trading box and top of trading box on the one minute chart model for long positions and the opposite is true in shorting. In a squeeze or sell-off this is more difficult and typically a trader will have to trade the break upside at resistance or downside as support is breached because pull-backs are not as likely in a squeeze.
- In a predictable structure sizing intra-day should be maximum at entry and trims at mid trading box and top or bottom of trading box – specific to the 1 minute chart model. Our software for instance will enter with 10 contracts and release size as trade proves. See example below:
- Using Trade Stops.
- From the example above, you will see the stop was set at 52.61 with allowance for a stop also to be triggered if momentum change was detected. “Stop 52.61 or buy program detected”.
- From the oil trading room see also this comment “M – there is a directional move component of the code (that will be included on rule-set that is in final edit tonight). If a move starts and doesn’t directionally continue with prescribed velocity, program will close at entry or prior.”
- The screen capture of the one minute chart below shows you the determined location for the stop for the trade.
- The stop was set just above VWAP and the resistance on the pivot trading box. Above is important to allow for other stops. Your stop will be a total of about 13 – 19 ticks depending on exact entry point.
- You will also notice that I have drawn the Fibonacci retracements on the chart to determine where the trading box pivot resistance is on the one minute model. If you do not know how to do this, be sure to either watch the videos we have on our You Tube channel, read through recent reporting or obtain some private coaching. We do not include the Fibonacci levels on the model because it makes the chart difficult to load on many machines – especially laptops.
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The stop for the oil trade was set just above the pivot resistance and just above VWAP.
- The stop was moved to the trade entry point in the example below, as trade proved itself below the pivot support. “M – Machine stop at entry”.
- The stop at entry now put us in a no loss position. It was not moved until trade was below the pivot support AND trade hit the first Fibonacci support. Oil trade then bid up to 1 tick under the stop and entry point a number of times before continuing down intra-day.
- To be even more precise about the trade short entry point and the location of the stop you would have to view a fractal of the Fibonacci levels one down. This is not required or reasonable for the day trader executing orders manually to do, it would be too cumbersome for most traders. However, if you want to learn how to do this you can either get in to some trade coaching or ask at our next webinar for oil trading that will be held late February. I am simply pointing out that the precise entry and stop was not coincidental and the fact that trade returned to just under by one tick and ran sideways for nearly 30 minutes was no coincidence. That is machines in the oil trading market.
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Oil trade dropped below pivot trading box support and hit first Fib mark and stop was now set to trade entry point.
- From the example above, you will see the stop was set at 52.61 with allowance for a stop also to be triggered if momentum change was detected. “Stop 52.61 or buy program detected”.
- Timing Trade Entry.
- The main trading box on the one minute is the support and resistance of the range (where the red and blue dotted and white dotted are).
- Below is an example screen shot of oil trade from the oil trading room example above that shows the intra-day trend of oil trade and the entry point short under the support which is now resistance.
- Trade was trending down in futures from open. Oil was now trading under support on 1 minute chart model, now resistance.
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Crude oil trade short example chart shows intra-day trend, breach of support and execution of trade on chart.
- Below is an example screen shot of oil trade from the oil trading room example above that shows the intra-day trend of oil trade and the entry point short under the support which is now resistance.
- To pin point timing to the second you can use the pivot areas (top and bottom of range) and monitor the coil around the main support and resistance areas and use the smaller trading box around the pivots. Recent blog posts / videos discuss this and I will discuss further in near term video / blog posts.
- Indicators on the one minute that I use are the Stochastic RSI, MACD and Squeeze Momentum Indicator. The nature of these indicators on a short time frame like the one minute can be deceiving for even the more advanced trader. Use them with caution.
- The main trading box on the one minute is the support and resistance of the range (where the red and blue dotted and white dotted are).
- Using the Oil Trade Alerts.
- You can utilize our oil trade alerts in three main ways;
- The live trading room provides charting and voice broadcast from our lead trader. This is not a chat room – it is intended for traders to be able to hear our lead trader call trades live and view the charting he is using. Any chat is specifically kept to key signals from traders in attendance. This is primarily used by full time traders, institutional or private trading firms.
- The oil trade chat room (private Discord server) is for chat and oil trade signals etc. You can get push notifications to your phone for quick alerts. This is faster than the Twitter oil alert service provided but not as fast as being in the oil trading room with our lead trader. But the lead trader is not always in the live room so Discord provides fast alerts.
- The Twitter EPIC oil alert feed is also used by some of our traders.
- Trade alerts as shown in oil trading room (specifically the chat room private server on Discord) for trimming the short position as it proves out.
Trade alerts as shown in oil trading room for trimming the short position as it proves out. - Screen image of the oil trade alert feed on Twitter as the trade progressed.
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Screen image of the oil trade alert feed on Twitter as the trade progressed.
- You can utilize our oil trade alerts in three main ways;
- Trimming Positions.
- In the example above (the screen shot of the Discord private member chat room), you see a series of trade alerts from our trader signalling position trimming.
- First Price Target Achieved. “M – first target hit 52.29 trim 10%.”
- The position was trimmed at 52.29 per the original alert signaled as follows “1 Min model price targets 52.29 52.11 51.88 51.66.”
- The amount or size of trim (cover) on the trade was determined to be 10% because this was only the first target in a highly probable trade. The probability rule-set encompasses about 5700 rules so we won’t go in to that here and is not needed for the oil trader to be highly successful using this trading system.
- The first price target alerted was 0.5 retracement on Fibonacci on 1 min oil trading model.
- Notice how trade reversed after the target was hit and was denied at the bottom of the pivot trading box and just under VWAP. Comment from lead trader in the chat room “when it dumped at 52.37 that was a VWAP touch at resistance – boom.”
The first price target alerted was 0.5 retracement on Fibonacci on 1 min oil trading model.
- Price Target 2 Hit. “M – Trim 20% 52.17 at target 2 @ 52.11 short time frame momo reversal”.
- When price misses a target and reverses, which is what it did in this instance (by a fraction), our rule-set in the strategy is to trim the position.
- The size of the trim was in accordance to price target 2 trim size in the rule-set, which is 20%.
- Below is the oil chart model showing the location of the alert to trim size and trade reversing intra-day after meeting price target objective.
Location of price target 2 was the trading box support on oil chart. Trade reversed a fraction before.
- At 30 minute candle expiring trade alert was sent to trim 10% because oil trade held support. In this case pivot trading box support. See chart below that coincides with alert “M – trim 10% 52.03 on timing”.
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At 30 minute candle expiring trade trim 10% because oil trade held support. In this case pivot trading box support. - Remaining oil trade alerts to trim winning trade. Strategy works well. Oil trading room screen image is below.
- Alerts provided were as follows; “M – trim at 51.94 on timing (target 2 @ 51.88), 30%.
M – Correction: target 3 at 51.88
M – trim 10% 51.88 target 3 hit
M – stop on remaining 52.13 or 51.67 if hit.”
- Alerts provided were as follows; “M – trim at 51.94 on timing (target 2 @ 51.88), 30%.
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Remaining oil trade alerts to trim winning trade. Strategy works well. Oil trading room screen image. - Trade alert to close oil trade position. “M – stop activated on remaining position 52.13″.
- Oil chart showing where to trim short trade at next Fibonacci support line.
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Oil chart showing where to trim short trade at next Fibonacci support line. - Oil trade alert produced a 57 point move for an excellent win. Chart shows the trade progression.
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Oil trade alert produced a 57 point move for an excellent win. Chart shows the trade progression.
Per previous;
Day Trading Crude Oil Futures One Minute Strategy Model Jan 27 504 PM FX USOIL WTI $CL_F $WTI $USO #Crude #Oil #Daytrading
Per previous;
The main trading box range is shown in chart below with purple arrows and the pivot at support and resistance trading box is shown with white arrows (for micro timing decisions).
Also Monitor Oil Resistance and Support Levels on the 4 Hour, Daily, Weekly and Monthly Chart Models.
Beyond using the EPIC Oil Algorithm model for weekly / daily trading strategy / structure and the one minute chart model for timing day trades, use the daily, weekly and monthly chart models for important decisions in oil trade.
The longer the charting time-frame the more serious support and resistance areas should be considered. In other words, key resistance on the monthly or weekly charts trump consideration on the daily and 4 hour and so on.
Trading trend, indicators, support and resistance, support and resistance, indicators and more should have bias to your trade sizing and positioning.
Crude oil trading strategy on 4 hour chart model, key areas of support and resistance noted with white arrows.
Although a test chart (for our machine trading), the 4 hour oil chart below has been responding well to the bounce trend in oil trade so I continue to use it. The key areas of support and resistance are noted, however, all lines are support and resistance levels.
Symmetry on 4 hour oil chart model should be considered. Currently trading over 50 MA.
Oil trade met the price target on the 4 hour model perfect to timing. See charts below.
Per previous;
4 Hour Crude Oil Chart – 20 MA seems the most logical support test for a long trade entry test likely 52.90 area on West Texas.
The previously published chart shows primary support areas to watch (per below).
Per previous;
Symmetry on this 4 hour oil chart model should be considered also. There are 3 options for trade trajectory here.
Per previous;
Key resistance and support for day trading crude oil futures on 4 hour test chart for sizing strategy on machine orders.
Symmetry on this chart structure says 55.30 on West Texas Crude is likely near Feb 1 and down to target. #oil #trading #strategy.
Per previous;
And with this chart also, it is responding well but also is a test chart. I’ve been watching it closely as the support and resistance areas on the charting do seem to be in play. Our techs are back testing test charts.
Daily crude chart resistance 54.23, above that holds and 57.32 is in play for Feb 20, 2019 price target.
Per previous;
Daily FX USOIL WTI chart shows 54.14 Feb 1 price target still in play, look for spike or drop in to date. #crude #oil.
A pull back to 20 MA on daily chart is most probable.
Per previous;
Key support and resistance on daily crude oil chart is noted for day trading strategy.
Various points of resistance and support on weekly oil chart. Watch the red trend lines close.
Per previous;
Weekly FX USOIL WTI crude oil chart has been responding well also to market support and resistance areas for trade.
Per previous;
Key support and resistance noted on weekly crude oil chart for futures trade strategy.
Other charts are used in decisions for bias toward trade, some are included below and for others visit the private oil chat room on Discord.
30 minute intra-day crude oil sketch chart from Curtis’ trading desk.
https://www.tradingview.com/chart/USOIL/etSPbOpT-30-minute-doodle-chart/
4 Hour chart structure shows sideways trade in crude oil of late. Also shows timing coming due this candle.
It is also highly recommended that you review recent reporting, discord room chat (regular guidance is posted in the oil chat room private server) and the various videos that are released on a regular basis.
January 2019 Oil Trading Alert Profit / Loss.
Feb 6 – Day Trading Short for a Break to Downside Price Targets (How to with video).
How I Day Trade Crude Oil Short | Downside Break (Waterfall) | Oil Trading Strategies (w/video).
Jan 31 – Day Trade Timing Strategies for Crude Oil Trade Around Time Cycles and EIA.
Jan 28 – Day Trading the Support and Resistance of the Model. How to.
100 Tick Move | Crude Oil Day Trading Strategies | Trade Model Support and Resistance
Jan 27 – Weekly Crude Oil Trading Strategy Guidance Private Post for Premium Members.
Oil Trade Strategies | Day Trading Crude Oil | Premium Member Weekly Guidance.
Jan 23 – Day Trading Crude Oil Futures for Compound Gains.
Not Just Concept: Day Trading Crude Oil 10K – 1 Million in 24 Mos at 10 Ticks Day (Compound Gains).
Jan 20 – Weekly Crude Oil Trading Strategy Guidance Private Post for Premium Members.
Oil Trade Strategy | Day Trading Crude Oil Futures | Premium Weekly Guidance.
Jan 19 – A detailed inside look at our day traders’ strategies in crude oil day trading room.
How I Day Trade Crude Oil +90% Win Rate | Friday’s 158 Tick Move | The Strategy We Used To Trade It.
Jan 18 – By far one of the most important videos for day trading crude oil since our inception;
How I Day Trade Crude Oil on One Minute Chart | Trading Signals | Alerts (with video).
If you have any questions send me a note please!
Best and peace!
Curt
PS Remember to protect capital at all cost, cut losers fast and know that when you win you really win. Use the 1 min charting model for entry timing, cut losers fast and re-enter if you have to. Do that until you learn how to be a regular win-side trader.
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 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: Day Trading, Crude, Oil, Futures, Strategy, USOIL, WTI, CL_F, USO
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How I Day Trade Crude Oil Short | Downside Break (Waterfall) | Oil Trading Strategies (w/video)
Crude Oil Day Trading Session From Oil Trading Room – Trading Set-up Short Waterfall Strategy.
If you want to learn how to day trade crude oil, or if you want to win more often and already are an oil day trader this post with live video from our oil trading room will provide you with insight to how I day trade crude oil.
The planning and preparation I perform prior to every trade (such as reviewing support and resistance on all time frames and charting), the signals I watch for and what the water-fall short trade set-up looks like and specifically how to day trade the price action.
This is a very detailed video and I highly recommend oil traders study it for maximum consistency to your trading gains.
Voice broadcast starts at 1:23 on video.
At start of this video there are announcements about what we are doing (our staff work in progress) and general view of markets and how the trade of equities (swing trades) is affected by nearby resistance on oil charting.
Topics of announcements include the coding updates for the machine trading, status of algorithm reports, the huge month in our oil trading last month (up 63% in one month), trade alerts, digital platform for our clients to watch machine trade real-time, swing trade timing for equity and various algorithm model swing trade positioning in this time cycle, why the machine trading can beat my overall return performance by 10 times, coding of other algorithm models, the publishing of the rule-set modules for oil trading (mechanical human executed & machine traded, intra-day swings, longer term swings and daytrading).
The Pull Back In Oil Trade.
At 9:20 I discuss the trade action in oil as we trade near key resistance in oil. We should see 53 and possibly 52’s and even more down.
Trade Signals to Watch For Positioning Swing Trades, Intra-Day Swings and Day Trading..
When trade hits support for a proper bounce we know when machines are in trade because the trade action becomes really clean within the models. This predictable trade action provides a signal for when to start longer swing trade entries, helps us with intra day swing trades within the EPIC trading model and provides for precise day trading on the one minute model.
Trend Line Support on Watch.
At 10:30 on video the basing trend-line on the 4 hour chart is reviewed as support. Conclusion of this pull back in oil should come soon. I am expecting at latest Monday or Tuesday of next week.
Watch for violent trade up / down (stops taken out), most likely down first so I am positioning my bias for that scenario first. Likely a sharp down and then sharp up and then the mid point between the two points should be the decision area.
Tomorrow is EIA so this could be your timing or likely before end of week is likely for the spike up and down and then the pivot decision goes in to Sunday night futures.
https://www.tradingview.com/chart/WTICOUSD/kn9o1TRw-4-hr-concept/
One Minute Crude Oil Day Trading Model.
At 12:48 I discuss trade on the one minute day trading model. The problem in trade as we get close to key resistance decision is trade becomes sloppy. So I show you how to trade the model if you need to trade and you don’t want to wait for the decision on oil trade trend direction.
The indicators are late so you have to act on price prior.
How to Trade a Key Intra-Day Break to Down Side (Waterfall) or Upside. The Oil Day Trade Starts Live on Video Here.
At 14:00 the intra-day possible break to downside in trade is discussed.
Planning and Preparation for Your Day Trade – Know Your Key Support Area on Charting Prior to Entering a Trade.
- When trade on the one minute charting looks like a break to downside (or upside) is possible I first go to the EPIC model for key support or resistance. 53.52 is at mid quad on model, so that is support to watch.
- At 16:24 on video 53.00 is a support on the daily chart (a Fibonacci support on the oil daily chart and the 20 MA support).
- 51.13 is next support and 57.31 for Feb 20 is the upside scenario.
- My bias is pull back and then go again.
- 53.00 – 55.50 is a likely pivot area until a conclusion occurs in this trade area.
-
Oil trading room screen shot shows 53.00 support daily chart Fibonacci oil daily chart and 20 MA - At 18:00 on the video the weekly oil chart is reviewed.
- The price extension support and resistance, the 20 MA 57.00 and 200 MA 52.30 (as your broad trading range) and trend lines on the weekly charting is reviewed. 53.26 price extension is serious support and price under that is an obvious short.
Know Where the Price Targets Are for the Machines.
- Discussed is the end of week and EIA price targets on the EPIC algorithm model. The algorithmic channel and quad support and resistance areas.
Preparing My Short Order Day Trade in Oil Live on Trading Room Video.
- At 20:00 on video I get my trading execution ready.
The Trade Pattern Set-up (Signal).
At 20:30 on video – When you see this pattern (trade signal) on the one minute charting model be very careful to cut your trade fast if the machines kick in the other direction (long).
Trade When Signals Are Most Predictable.
I prefer trading oil when the trend is clear and the machines are in it. Reports say over 80% of oil traders lose. This is largely why. Trade gets sloppy and then frustrates the trader.
Money in crude oil trading is made in the trend. Near resistance trading can mind mess you.
This is why I close my DWT short swing trade when we got near key resistance.
Winning is Important.
Not only is losing bad for your account but it is even more important for your mind. Your subconscious needs to know it wins. The subconscious is powerful.
Day Trading Model.
Location of trading boxes around three pivot areas of the one minute crude oil day trading chart model.
24:00 on video pivot resistance is discussed.
I am short bias to 53, 52.75 then 51.20 is possible.
Indicator Signals.
At 24:45 on the one minute you have stochastic RSI increasing and price that is basing, typically that means down next or even a possible waterfall short trade set-up.
The Risk-Reward (the Math of the Trade) On a Down-Side Break Set-up.
At 25:20 I start to discuss the math of the trade. You can take the short side trade and if price turns on you then you take a maximum cut of 16 ticks on the trade, but if price gets you on the right side and continues to confirm short then your win will be much bigger return.
Short Trade Executed – Play by Play.
At 25:42 on the video at 53.77 my short trade execution is done live.
Location on crude oil chart of short trade entry for day trade on chart below.
Short crude oil trade alert screen shot of member Twitter alert feed is shown below at 53.77.
At 26.42 on video the buys came in at the Fibonacci support on the one minute model shown (red arrow).
At 26.50 buy side trades are testing the 20 MA resistance on 1 minute chart.
At 28:34 on video trade is over the 20 MA trading 53.83 hit resistance on the pivot on the 1 min just under 50 MA.
Indicators are turning up now. Started to look like a reversal trade but I stayed with the plan because trend on the day was down and I didn’t want to be chopped up.
Trade hit 53.87 before it turned back down (so I was 10 ticks off side at that point). Technically trade got a penny or two over trading box resistance but I held because the bulls needed to have big buys and momentum to kick in to fight the daily trend which was pressure in trade.
At 32.35 the 4 hour chart is reviewed and my target for the risk reward to down side. The reward potential was much better in my thinking.
The EPIC model confirms also.
At 33:40 the weekly chart shows a good risk reward also.
Protecting you capital is key and trading for risk reward on trend for the time frame.
30 minute candle turn timing is discussed.
The pivot test continues.
At 39:13 on the video the technical area of key support for the day trade is reviewed. 53.58 is the next Fib down so you want trade to break under that and hold under 53.58 and if it doesn’t you’re best closing the trade for a scalp. This is purely a math play. You will win 50% and win you do win you’ll either get a decent scalp or a larger 5 x risk reward win.
This is purely a math play. You will win 50% and win you do win you’ll either get a decent scalp or a larger 5 x risk reward win.
At 42:47 volatility VIX is reviewed and how I want volatility to start rising intra-day.
At 45:28 the importance of trading in a zen state vs. frustration is discussed.
At 46:00 trading on bias based on technical set-ups and protecting your capital (accepting it quickly when you are wrong) is key to trading success.
At 48.00 the inverse head and shoulders that technicians on Twitter were talking about is discussed relative to the risk reward on the 30 minute chart price target.
The price target for the short oil trade is shared in the oil trading chat room private server.
How I Knew Where to Close the Short Oil Trade for a Win.
At 53:15 on the video is top of the hour with price falling and trade was under the key support resistance 54.59 and we needed it to hold under for staying in the trade short.
The price action here on the video is important to watch close here if you want to learn how to do this.
At 57:00 on video I explain that you could short again here, I didn’t, but price did come off and it would have been a decent short trade.
Trade did not stay under resistance at pivot so I closed the oil short trade for a win.
If You Want a Win Rate 90%+ DayTrading Crude Oil – I Highly Recommend Listening to this Part of The Video – IT IS KEY.
I continue to comment on how the trade continues to set up discussing the technical areas to watch.
If you want to learn about specifically where your support and resistance areas are on the one middle model BE SURE TO WATCH THE VIDEO HERE (from 57:00 minutes on video forward).
If you watch the price action and my commentary you will see how precise the machines trade the one minute model – THIS WILL HELP YOU TIME YOUR ENTRIES AND WHEN TO CLOSE. VERY IMPORTANT.
Below is a screen shot of the oil trade alert feed – closing the trade for a win.
Below is the Trade Executed Live in Oil Trading Room.
Peace and best,
Curt
Email me with any questions you may have [email protected].
Recent Learning Posts and Videos (most are premium member locked posts).
Feb 4 – January 2019 Oil Trading Alert P/L.
Jan 31 – Day Trade Timing Strategies for Crude Oil Trade Around Time Cycles and EIA.
Jan 29 – Trading the Main Support and Resistance on EPIC Algorithm Model. How to Post.
100 Tick Move | Crude Oil Day Trading Strategies | Trade Model Support and Resistance.
Jan 27 – Premium Member Private Post (Weekly Reporting & Guidance).
Oil Trade Strategies | Day Trading Crude Oil | Premium Member Weekly Guidance.
Jan 22 – Compounding Gains Day Trading Crude Oil.
Not Just Concept: Day Trading Crude Oil 10K – 1 Million in 24 Mos at 10 Ticks Day (Compound Gains).
Jan 20 – Weekly Crude Oil Trading Strategy Guidance Private Post for Premium Members.
Oil Trade Strategy | Day Trading Crude Oil Futures | Premium Weekly Guidance.
Jan 19 – A detailed inside look at our day traders’ strategies in crude oil day trading room.
How I Day Trade Crude Oil +90% Win Rate | Friday’s 158 Tick Move | The Strategy We Used To Trade It.
If you have any questions send me a note please!
Best and peace!
Curt
PS Remember to protect capital at all cost, cut losers fast and know that when you win you really win. Use the 1 min charting model for entry timing, cut losers fast and re-enter if you have to. Do that until you learn how to be a regular win-side trader.
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 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: Day Trading, Crude, Oil, How To, Trade, Oil Trading Room, Strategy, USOIL, WTI, CL_F, USO
Follow:
Trading Strategy for Crude Oil Futures | Video | Intra-Day Timing, EIA, Time Cycle, Model Resistance & Support
Crude Oil Day Trade Strategies (Live Video from Oil Trading Room with Alerts) for EIA, Market Open, Model Resistance, Time Cycles.
This video does not have any high flying trades, what it does have is important lessons for day trading crude oil and understanding how to use the oil trading models to your advantage. It also discusses in detail the time cycles and what to expect in trade action.
#oil #trading #strategies
Voice broadcast starts at 13:30 on oil trading room video.
January 30, 2019 Oil Trading Room Live Session Summary Notes.
13:30 premarket for regular market open comments about important resistance on EPIC Algorithm model and where trade should settle intra-day (at top of quad or mid quad) in advance of EIA petroleum report at 10:30.
14:30 comment to not buying the “pop” in price as I expected crude oil trade to calm in advance of EIA report timing. The resistance hidden pivot (yellow horizontal line on chart) is discussed.
15:00 Comments toward time cycle inflection on global markets (including crude oil) over next 3 or 4 days is discussed. We could inflect up or down on other side of time cycle peak. 55s is very possible (even a blow off in to 56 is possible) as an inflection up over next few days and a double extension up could happen. Time cycle in to mid May 2019 is the main pocket of trade sizing timing. See special report guidance in to May 2019 for crude oil.
Time cycle from end of Dec to now was difficult to trade with swing trade sizing but the next time cycle I can’t miss (the one starting in next few days in to mid May).
18:40 looking for whether price trade can get above pivot and structure a base for a trade on the model.
At 37:37 I comment to stagnant trade not being a surprise in to EIA and that I was looking for a slight short 20 to 30 points in to EIA. Trading 54.00 intra-day.
By 1:13:37 on oil trading room video you can see price did come off as expected.
At 1:17:30 EIA is in just under a minute. The model support and resistance is explained.
1:18:40 the one minute model has resistance in trade just over-head (chart not shown).
1:19:20 I announce the EIA petroleum report results and comment that generally trade should be bullish. At 1:20:00 price hits near top of quad.
For a number of weeks we’ve been targeting 55s Jan 31 to Feb 3 so this could be what finishes the trajectory on that time cycle peak.
Screen capture of oil trading room… “could be final move in to 55s if open is strong.”
1:21:40 I am long at 54.24 for a trade above 1 minute support and EPIC model support. Test size trade long crude oil.
EPIC Crude Oil Trade Alert feed screen capture showing trade alerts for trade on the day. You can see that earlier in the day in overnight futures trade that I was actively trading for decent profit.
Resistance 54.32 is noted as key resistance for the trade and the top of the quad and a comment to not getting to excited because of the various resistance points nearby.
1:23:27 we get a touch to the resistance. The test of resistance is commented to. 54.59 upside price target discussed if resistance is breached. Price did in fact hit that on the day later.
Resistance at mid point of trading box on the 1 minute model is discussed. At 1:26:00 on video I close the trade for a small gain at 54.29. Wasn’t interested in dealing with the resistance.
Remember at this point I am still holding DWT short from a number of days ago. The entry short was 13.57 and it hit 8s intra-day. Hoping for 7s before closing.
1:28:15 I show on the model the upside scenario and channel resistance being likely.
1:28:40 I discuss the recent sell off in crude oil in to 41s and our call to 55s in to this time cycle peak is discussed and why this area of trade is low risk reward. Also discussed is the type of trade action to expect in to the peak of the cycle in to Jan 31 – Feb 3.
Later in day I reiterate the time cycle peak in crude oil with price target guidance and visual representation of the time cycle and price target on oil chart model for our member strategy.
Time cycle conclusion near term on oil is 55.40 price target from previous reports last number of weeks (could spike in to 56.00) expiring on about Jan 31 – Feb 3. HOD was 54.90. We expect at min a small pull back. FX USOIL WTI
Likely close short DWT (long oil) soon for short term only.
Curt Melonopoly Yesterday at 11:37 PM
Visual representation of the crude oil time cycle
Screen capture from oil trading chat room discussing trading strategies for time cycle peak and price target.
THE TAKEAWAYS – Main Oil Trading Strategies Learned on Video:
Just because oil was bullish in to the market open and normally that would mean a buy trigger – it doesn’t always mean buy.
– In this instance it was Wednesday and the timing of EIA coming in one hour after open had me hold off my long trade because trade normally softens in advance of EIA. Bulls and bears stand-off. Also, there was a key pivot resistance on the oil chart model in play. For these reasons and more the trade set-up was not ideal for risk reward. It wasn’t a high probability long trade.
– Know your resistance and support when trading and get out quick when resistance becomes real like with my EIA trade on this video.
It is highly recommended you review recent reporting, discord room chat (regular guidance is posted in the oil chat room private server) and the various videos that are released on a regular basis.
Recent Learning Posts and Videos (most are premium member locked posts).
Jan 29 – Trading the Main Support and Resistance on EPIC Algorithm Model. How to Post.
100 Tick Move | Crude Oil Day Trading Strategies | Trade Model Support and Resistance.
Jan 27 – Premium Member Private Post (Weekly Reporting & Guidance).
Oil Trade Strategies | Day Trading Crude Oil | Premium Member Weekly Guidance.
Jan 22 – Compounding Gains Day trading Crude Oil.
Not Just Concept: Day Trading Crude Oil 10K – 1 Million in 24 Mos at 10 Ticks Day (Compound Gains).
Jan 20 – Weekly Crude Oil Trading Strategy Guidance Private Post for Premium Members.
Oil Trade Strategy | Day Trading Crude Oil Futures | Premium Weekly Guidance.
Jan 19 – A detailed inside look at our day traders’ strategies in crude oil day trading room.
How I Day Trade Crude Oil +90% Win Rate | Friday’s 158 Tick Move | The Strategy We Used To Trade It.
Jan 18 – By far one of the most important videos for day trading crude oil since our inception;
How I Day Trade Crude Oil on One Minute Chart | Trading Signals | Alerts (with video).
Jan 14 – Oil day traders need to see this article;
Crude Oil Day Trading Strategy | Oil Trading Room Video | Lead Trader Guidance.
If you have any questions send me a note please!
Best and peace!
Curt
PS Remember to protect capital at all cost, cut losers fast and know that when you win you really win. Use the 1 min charting model for entry timing, cut losers fast and re-enter if you have to. Do that until you learn how to be a regular win-side trader.
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 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: Day Trading, Crude, Oil, Futures, Oil Trading Room, Strategy, Price Targets, Time Cycles, USOIL, WTI, CL_F, USO
Follow:
100 Tick Move | Crude Oil Day Trading Strategies | Trade Model Support and Resistance
Day Trading Crude Oil Strategy – Trading the Model Support and Resistance.
Monday we seen a one hundred point move in crude oil (a snap-back reversal intra-day) after a sell-off that started in futures Sunday night.
Below is a detailed description of how to trade the signals for this re-occurring pattern in crude oil intra-day trade.
Voice broadcast starts at 1:40 on video.
The Oil Day Trade Set-Up
Oil was selling off through the day. Intra day price is very near a lower price target and has bounced.
We didn’t catch the sell-off because our team took a 5 hour break in futures.
The trading box example is reviewed at 3:00. Trade action on the 1 minute model (trading box). Trading patterns are reviewed.
Price targets on the EPIC Algorithm Model are reviewed at 4:35 on video. This is an important part of the video to watch. The upper and lower price targets on the model are reviewed. Twelve hours later as I write both targets (up and down price targets) have been in fact hit. The range of the trading quads are reviewed.
Price targets on the EPIC Algorithm Model are reviewed at 4:35 on video. This is an important part of the video to watch.
The price targets in the quad area of the crude oil trading model are shown below. The price target to lower support is shown (trade hit near the price target early) and then bounced to upper price target and resistance on the model.
At 6:20 on the video the 4 hour oil chart is reviewed. We were looking for a little lower on the day in this specific range, support was at 50.89 trading 51.57 on West Texas Oil. The timing at the time this video was recording looked short and it wasn’t likely it would hit (it didn’t). The symmetrical move to the upside and a sling shot move to the downside (opposite) is also reviewed as a scenario. In this down scenario that would bring price to down side of EPIC Algorithm quad trade is in (even lower to a point).
At 9:20 is the 4 hour oil test chart. Support 50.90 on West Texas or 51.10 on FX USOIL WTI.
At 10:20 on the video the weekly oil chart is reviewed. The weekly pivot at top and bottom of weekly candles previous are reviewed. Trade held the area intra-day and bounced.
At 19:00 on the video I review the one minute oil trading chart. A coil is in play which is usually a sign of an intra day turn. Price did in fact turn and run up to the top side quad resistance after this video ended through the rest of the afternoon.
Here, like the sell-off in overnight trade Sunday night, we didn’t catch the move because we were on break for the day. Two missed trades.
The four hour candle expiry is commented to also.
I explained that at the expiry of the 4 hour if it traded to upside that I would trade it, but I didn’t. Should have.
It is highly recommended you review recent reporting, discord room chat (regular guidance is posted in the oil chat room private server) and the various videos that are released on a regular basis.
Jan 27 – Premium Member Private Post (Weekly Reporting & Guidance).
Oil Trade Strategies | Day Trading Crude Oil | Premium Member Weekly Guidance.
Jan 22 – Compounding Gains Day trading Crude Oil.
Not Just Concept: Day Trading Crude Oil 10K – 1 Million in 24 Mos at 10 Ticks Day (Compound Gains).
Jan 20 – Weekly Crude Oil Trading Strategy Guidance Private Post for Premium Members.
Oil Trade Strategy | Day Trading Crude Oil Futures | Premium Weekly Guidance.
Jan 19 – A detailed inside look at our day traders’ strategies in crude oil day trading room.
How I Day Trade Crude Oil +90% Win Rate | Friday’s 158 Tick Move | The Strategy We Used To Trade It.
Jan 18 – By far one of the most important videos for day trading crude oil since our inception;
How I Day Trade Crude Oil on One Minute Chart | Trading Signals | Alerts (with video).
Jan 14 – Oil day traders need to see this article;
Crude Oil Day Trading Strategy | Oil Trading Room Video | Lead Trader Guidance.
If you have any questions send me a note please!
Best and peace!
Curt
PS Remember to protect capital at all cost, cut losers fast and know that when you win you really win. Use the 1 min charting model for entry timing, cut losers fast and re-enter if you have to. Do that until you learn how to be a regular win-side trader.
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 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: Day Trading, Crude, Oil, Futures, Strategy, USOIL, WTI, CL_F, USO
Follow:
Oil Trade Strategies | Day Trading Crude Oil | Premium Member Weekly Guidance
Day Trading Strategy for Crude Oil Futures Trade for Week of January 27, 2019.
Oil futures trade opens tonight at 6:00 Eastern, below is my battle plan for this week.
The regular EPIC Crude Oil Algorithm Weekly Reporting below is an alternate format to the regular format – we will be using alternate formats during a period of establishing simplified trading strategies for our members (the trade rule-set).
My strategy this week for my oil trading is primarily based on the EPIC Oil Algorithm charting model.
The EPIC Crude Oil Trading Algorithm Model below is by far the most predictable model we use for trade (30 Minute chart model).
The model is now normalized as we are past the charting anomalies from the holiday period.
The model link will be emailed direct to members of the bundle and / or newsletter separate from this report.
- Trading the Range of the Quadrants and Range of the Channels:
- Respecting the key resistance and support areas of the oil trading model at quadrant walls (orange dotted), channel support and resistance (orange dotted), mid quad horizontal support and resistance (horizontal line that cuts through middle of quad) and the mid channel lines (light gray dotted).
- We are finding that when oil trade is not in an uptrend or downtrend and is trading sideways around a pivot (as it has the last eight or so trading days) that trade will often test the mid channel lines (gray dotted) of the model. This causes the predictability of the quadrant support and resistance to be less (trade at quad support and resistance can be “sloppy”). This trade action in the model makes logical sense as a trend is not in play for an up or down channel. Another way to describe it would be trade uses half quadrant support and resistance. While trade is in a sideways pattern on the daily your intra-day crude oil trading strategy should reflect this scenario. See examples from trade last week below:
-
“the predictability of the quadrant support and resistance to be less #crude #oil #trading #strategies” -
“when oil trade is not in an uptrend or downtrend and is trading sideways around a pivot (as it has the last eight or so trading days) that trade will often test #oil #trade”.
-
- Trade Size –
- Sizing should be considered at key support and resistance of the EPIC model structure. The model can be used to determine sizing bias on tighter time frames on one minute below. Sizing can also be a consideration for short term swing trading oil in the model.
Per previous;
Screen capture of trade moving through EPIC Crude Oil Algorithm range a few weeks ago (Jan 16 – 20).
Timing of Trades is Based on the One Minute Oil Chart Model.
- Volume.
- Wait for volume. Low volume periods have lower predictability in the models.
- Trend.
- Determine the intra-day direction (trend) of trade. Strong bias should be considered for long or short positioning based on intra-day trend. Upward trend I will be bias to long positions and down trend intra-day I will be bias to short positions.
- Determine the trend on the daily chart, some bias should be toward that. Watch the MACD on the daily, although it is a moderately late indicator it does confirm bias / trend.
- Check important timing for key global market open hours (inflections in day trend can occur here, especially with New York).
- Support and Resistance.
- In an uptrend try and execute on support of the range on the one minute trading box (short term pull back) – the opposite is true in a downtrend.
- Trade Sizing and Positioning
- In a predictable structure sizing intra-day should be maximum at entry and trims at mid trading box and top or bottom of trading box – specific to the 1 minute chart model. On the EPIC algorithm model at key support and resistance I often test first and then add in size as the test proves itself and coincides with one minute chart.
- Trim positions at mid trading box and top of trading box for long positions and the opposite is true in shorting. In a squeeze or sell-off this is more difficult. Typically I trade the break upside at resistance or downside at support breached.
- Timing Entry.
- The main trading box on the one minute is the support and resistance of the range (where the red and blue dotted and white dotted are), however, to pin point timing to the second you can use the pivot areas (top and bottom of range) and monitor the coil around the main support and resistance areas and use the smaller trading box around the pivots. Recent blog posts / videos discuss this and I will discuss further in near term video / blog posts.
- Indicators on the one minute that I use are the Stochastic RSI, MACD and Squeeze Momentum Indicator. The nature of these indicators on a short time frame like the one minute can be deceiving for even the more advanced trader. Use them with caution.
Day Trading Crude Oil Futures One Minute Strategy Model Jan 27 504 PM FX USOIL WTI $CL_F $WTI $USO #Crude #Oil #Daytrading
https://www.tradingview.com/chart/USOIL/dMZimFfV-1-min/
Per previous;
The main trading box range is shown in chart below with purple arrows and the pivot at support and resistance trading box is shown with white arrows (for micro timing decisions).
Also Monitor Oil Resistance and Support Levels on the 4 Hour, Daily, Weekly and Monthly Chart Models.
Beyond using the EPIC Oil Algorithm model for weekly / daily trading strategy / structure and the one minute chart model for timing day trades, use the daily, weekly and monthly chart models for important decisions in oil trade.
The longer the charting time-frame the more serious support and resistance areas should be considered. In other words, key resistance on the monthly or weekly charts trump consideration on the daily and 4 hour and so on.
Trading trend, indicators, support and resistance, support and resistance, indicators and more should have bias to your trade sizing and positioning.
Crude oil trading strategy on 4 hour chart model, key areas of support and resistance noted with white arrows.
Although a test chart (for our machine trading), the 4 hour oil chart below has been responding well to the bounce trend in oil trade so I continue to use it. The key areas of support and resistance are noted, however, all lines are support and resistance levels.
4 Hour Crude Oil Chart – 20 MA seems the most logical support test for a long trade entry test likely 52.90 area on West Texas.
The previously published chart shows primary support areas to watch (per below).
Per previous;
Key resistance and support for day trading crude oil futures on 4 hour test chart for sizing strategy on machine orders.
Symmetry on this chart structure says 55.30 on West Texas Crude is likely near Feb 1 and down to target. #oil #trading #strategy.
Per previous;
And with this chart also, it is responding well but also is a test chart. I’ve been watching it closely as the support and resistance areas on the charting do seem to be in play. Our techs are back testing test charts.
Daily FX USOIL WTI chart shows 54.14 Feb 1 price target still in play, look for spike or drop in to date. #crude #oil.
A pull back to 20 MA on daily chart is most probable.
Per previous;
Key support and resistance on daily crude oil chart is noted for day trading strategy.
Weekly FX USOIL WTI crude oil chart has been responding well also to market support and resistance areas for trade.
Per previous;
Key support and resistance noted on weekly crude oil chart for futures trade strategy.
Other charts are used in decisions for bias toward trade, refer to the most recent Crude Oil Member EPIC Algorithm reporting and private member discord oil trading room for other charting and guidance.
It is also highly recommended that you review recent reporting, discord room chat (regular guidance is posted in the oil chat room private server) and the various videos that are released on a regular basis.
Jan 22 – Compounding Gains Day trading Crude Oil.
Not Just Concept: Day Trading Crude Oil 10K – 1 Million in 24 Mos at 10 Ticks Day (Compound Gains).
Jan 20 – Weekly Crude Oil Trading Strategy Guidance Private Post for Premium Members.
Oil Trade Strategy | Day Trading Crude Oil Futures | Premium Weekly Guidance.
Jan 19 – A detailed inside look at our day traders’ strategies in crude oil day trading room.
How I Day Trade Crude Oil +90% Win Rate | Friday’s 158 Tick Move | The Strategy We Used To Trade It.
Jan 18 – By far one of the most important videos for day trading crude oil since our inception;
How I Day Trade Crude Oil on One Minute Chart | Trading Signals | Alerts (with video).
Jan 14 – Oil day traders need to see this article;
Crude Oil Day Trading Strategy | Oil Trading Room Video | Lead Trader Guidance.
If you have any questions send me a note please!
Best and peace!
Curt
PS Remember to protect capital at all cost, cut losers fast and know that when you win you really win. Use the 1 min charting model for entry timing, cut losers fast and re-enter if you have to. Do that until you learn how to be a regular win-side trader.
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 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: Day Trading, Crude, Oil, Futures, Strategy, USOIL, WTI, CL_F, USO
Follow:
Not Just Concept: Day Trading Crude Oil 10K – 1 Million in 24 Mos at 10 Ticks Day (Compound Gains)
Our Live Documented Journey to Compound Day Trading Crude Oil Futures for Gains That 99% Would Only Dream Possible…
And one of the best parts of our mad journey; we’re now beyond Concept and Theory…
and we’re proving it LIVE (well on our way to… Fact).
We are now Trading Crude Oil to Over 1% Per Day Returns, Live.
We have many other trades that are not live also because we are testing many models).
It’s been a bit of a petri dish. So far.
But as of late we’ve stopped the petri. It was unavoidable (the petri part).
Side thought – In all fairness, only we know what the petri part is (well not completely true because members do know the rules for the most part). The important point being… we’re done petri.
We are now trading crude oil in our process with consistency and ease, real-time live and we’re recording it, we are alerting the crude oil trades on a private Twitter member feed and sharing our work process (including all rules sets, thoughts, charts and more) in chat, and we’re even trading crude oil live in our oil trading room with screen share of our charts and voice broadcast from myself alerting the trades.
0.
The probabilities that our rule-set fails now after hundreds of trades, especially now that we are in minimal discovery and quickly moving to refinement and consolidation phases is… well, near 0.
Maybe.
Oh, and even more reason … our software runs trades near 24 hours a day now (non-alerted at this point), and nearly never loses. When it does, it’s for pennies. Soon we’ll unleash him/her (it) live.
Maybe.
For all intents and purpose, we don’t lose when manually executing trades either. Sure, we do lose sometimes, but very small if we do – very small. And even our manual executions are getting better all the time. And we (I) suck as traders.
Here’s an even better part; 3%, not 1% sees 10,000.00 to 2 Million Dollars in 180 days. And we’re going to do it.
Nobody knows the future! I know, I know.
1 – 3 Hours a Day.
A cool part… we do 1% or more with 1 – 3 hours a day of trade focus. Usually closer to an hour or so. We’re kind of busy with something I never thought I’d be doing…. code, machine learning, science, quantum thingys and other mind places.
Anybody Does Do It.
And better yet; anybody can do it. Why? Because we’re refining the process to its most simplest form. Quantum mind things to simple.
But there’s too many lines! I know, I know.
We have non traders (on staff) starting to use the rule-set and even starting to alert their trades. And the coolest part, they may be better at executing the trading rule-set than the experienced oil traders (initial indications are this could be very plausible).
We Like Tents… Almost as Much as We Love Beaches.
And the near best part (in my little world)… the money ain’t the motivator – I’d be equally happy living in a tent on a beach. Oh wait, I almost do. The shiny floors at the Hard Rock in Punta Cana were never my thing anyway.
And the best part; freedom is near (unless the world ends or something). Not only is freedom near for our staff (that have worked tirelessly day and night) but for our clients and members and their families and their families. Get the drift? This is why I’m so excited.
The Dream Realized. Next!
And we’re near done the first of many (instrument trading processes) we are developing. We’re in the final phases with our oil trading platform, soon it will simply be maintenance updates to the manual trading and machine trading parts of our oil trading services.
Yes, the other algorithm models and swing trading are next.
The Point?
Sharing our journey. I did promise when we started all this. That I would share.
Selling you on it. So you can join the movement to freedom. So you can help. So maybe you can be a part of it. Maybe you’ll take the next steps? Maybe anything is possible.
Maybe you will be our next donor when our software development needs a few million for the app.
Or maybe we’ll just boot strap that too.
Maybe I’ll inspire you. That would be novel.
Promises.
I also promised our sharing will end soon. It will be this year.
We’ll still be around to chat.
We’ll still have our enterprise.
We just won’t share.
It’s tiring. I just made a promise to share, to a point:)
How is it Done? … the trading up 1% gains or better in crude oil a day.
Members stay tuned for Part 2 of this post. Until then study the most recent report here:
Protected: Oil Trade Strategy | Day Trading Crude Oil Futures | Premium Weekly Guidance.
Non members can visit our unlocked posts here:
Crude Oil Trading Academy : Learn to Trade Oil.
Non members could also get off their ass and subscribe and learn live. Just sayin.
How Does 10,000.00 turn in to over 1 Million at a Compound Rate in Less than Two Years?
When we first started this crazy venture I posted the post, it has a link to the calculator,
Come to think of it, I wrote it around the time that everyone told me I was nuts.
Fuel.
How $10,000 Turns in to 1 Million in 24 Mths @ 1% Per Day Compound Stock Trading.
Is There a Process in the Madness?
We have tried to explain it in the few moments of rest between days of no sleep and falling asleep in very strange places randomly the last two years.
We Weren’t Smart Enough to Think This Up.
We suspect we’re using similar ideas…
The mathematician who cracked Wall Street.
There’s my share of the month.
Now go spin it up.
And give EPIC Crude Oil Algorithm a follow.
Best and peace.
Curt
PS
Members stay tuned for Part 2 of this post.
Follow the Madness:
Oil Trade Strategy | Day Trading Crude Oil Futures | Premium Weekly Guidance
Day Trading Strategy for Crude Oil Futures Trade the Week of January 20, 2019.
Oil futures open tonight at 6:00 Eastern, below is my battle plan for this week. The regular EPIC Crude Oil Weekly Reporting is taking on a different format this week per below.
My strategy this week for my oil trading is primarily based on the EPIC Oil Algorithm charting model.
The EPIC model is by far the best model we use. This week the model will be completely normalized as we are past the charting anomalies from the holiday period. The updated EPIC charting will be emailed to members after futures open and after the techs have renewed the model to new data (post open).
- Trading the range of the quadrants and range of the channels.
- Respecting the key resistance and support areas of the model at quadrant walls (orange dotted), channel support and resistance (orange dotted), mid quad horizontal support and resistance (horizontal line that cuts through mid quad) and the mid channel lines (light gray dotted).
- Sizing should be considered at key support and resistance of the EPIC model structure. The model can be used to determine sizing bias on tighter time frames on one minute below. Sizing can also be a consideration for short term swing trading the model.
Screen capture of trade moving through EPIC Crude Oil Algorithm range in trade last week.
The timing of my trades will be based on the one minute chart model.
- Volume.
- Wait for volume. Low volume periods have lower predictability in the models.
- Trend.
- Determine the intra-day direction (trend) of trade. Strong bias should be considered for long or short positioning based on intra-day trend. Upward trend I will be bias to long positions and down trend intra-day I will be bias to short positions.
- Determine the trend on the daily chart, some bias should be toward that. Watch the MACD on the daily, although it is a moderately late indicator it does confirm your bias.
- Check important timing for key global market open hours (inflections in day trend can occur here, especially with New York).
- Support and Resistance.
- In an uptrend try and execute on support of the range on the one minute trading box (short term pull back) – the opposite is true in a downtrend.
- Trade Sizing and Positioning
- In a predictable structure sizing intra-day should be maximum at entry and trims at mid trading box and top or bottom of trading box – specific to the 1 minute chart model.
- Trim positions at mid trading box and top of trading box for long positions and the opposite is true in shorting. In a squeeze or sell-off this is more difficult. Typically I trade the break upside at resistance or downside at support breached.
- Timing Entry.
- The main trading box on the one minute is the support and resistance of the range (where the red and blue dotted and white dotted are), however, to pin point timing to the second you can use the pivot areas (top and bottom of range) and monitor the coil around the main support and resistance areas and use the smaller trading box around the pivots. Recent blog posts / videos discuss this and I will discuss further in near term video / blog posts.
- Indicators on the one minute that I use are the Stochastic RSI, MACD and Squeeze Momentum Indicator. The nature of these indicators on a short time frame like the one minute can be deceiving for even the more advanced trader. Use them with caution.
One Minute Model for Day Trading Crude Oil Futures Jan 20 236 PM FX USOIL WTI $CL_F $WTI $USO #CrudeOil #Daytrading
The main trading box range is shown in chart below with purple arrows and the pivot at support and resistance trading box is shown with white arrows (for micro timing decisions).
I will also watch resistance and support levels on the 4 hour, daily, weekly and monthly chart models.
Beyond using the EPIC Oil Algorithm model for your weekly / daily trading structure and the one minute chart model for timing day trades I also use the daily, weekly and monthly chart models.
The longer the charting time-frame the more seriously support and resistance areas should be considered. In other words, key resistance on the monthly or weekly charts should trump consideration on the daily and 4 hour and so on.
Trading trend, indicators, support and resistance, support and resistance, indicators and more should have bias to your trade sizing and positioning.
Crude oil trading strategy on 4 hour chart model, key areas of support and resistance noted with white arrows.
Although a test chart (for our machine trading), this chart has been responding well to the bounce trend in oil trade so I continue to use it. The key areas of support and resistance are noted, however, all lines are support and resistance levels.
Key resistance and support for day trading crude oil futures on 4 hour test chart for sizing strategy on machine orders.
And with this chart also, it is responding well but also is a test chart. I’ve been watching it closely as the support and resistance areas on the charting do seem to be in play. Our techs are back testing test charts.
Key support and resistance on daily crude oil chart is noted for day trading strategy.
Key support and resistance noted on weekly crude oil chart for futures trade strategy.
Other charts are used in decisions for bias toward trade, refer to the most recent Crude Oil Member EPIC Algorithm reporting and private member discord oil trading room for other charting and guidance.
It is also highly recommended that you review recent reporting and videos released.
Jan 19 – A detailed inside look at our day traders’ strategies in crude oil day trading room.
How I Day Trade Crude Oil +90% Win Rate | Friday’s 158 Tick Move | The Strategy We Used To Trade It.
Jan 18 – By far one of the most important videos for day trading crude oil since our inception;
How I Day Trade Crude Oil on One Minute Chart | Trading Signals | Alerts (with video).
Jan 14 – Oil day traders need to see this article;
Crude Oil Day Trading Strategy | Oil Trading Room Video | Lead Trader Guidance.
If you have any questions send me a note please!
Best and peace!
Curt
PS Remember to protect capital at all cost, cut losers fast and know that when you win you really win. Use the 1 min charting model for entry timing, cut losers fast and re-enter if you have to. Do that until you learn how to be a regular win-side trader.
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.
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Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States
Article Topics: Day Trading, Crude, Oil, Futures, Strategy, USOIL, WTI, CL_F, USO
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