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.”

oil, trading, room, alert, chart

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.

crude, oil, trade, alerts

EPIC Crude Oil Trade Alert feed screen capture showing trade alerts for trade on the day.

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.

oil, trading, room, price target, time cycle, strategy

Later I reiterate time cycle crude oil price target and visual representation of time cycle 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

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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.

crude, oil, strategy, price, targets, model, chart

Crude oil trading strategy on model shows sell-off in to price target and reversal in to price target and other price targets.

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:


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:
      • crude, oil, trading, strategy

        “the predictability of the quadrant support and resistance to be less #crude #oil #trading #strategies”

      • crude, oil, trade, mid channel

        “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).

EPIC, Oil, crude, algorithm, trading, strategy

Screen capture of trade moving through EPIC Crude Oil Algorithm range in trade last week. #crude #oil #trading

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/

daytrading, crude, oil, model, 1 min

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).

trading, strategy, crude, oil, futures, one minute, model

Trade support and resistance shown on one minute chart model for crude oil futures day trading strategy.

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.

https://www.tradingview.com/chart/WTICOUSD/yXtctNNT-4-Hour-Crude-Oil-Chart-20-MA-seems-the-most-logical-support-te/

4 hour, crude, oil, chart

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;

https://www.tradingview.com/chart/WTICOUSD/HSlDUao0-Crude-oil-trading-strategy-on-4-hour-chart-model-key-areas-of-s/

Crude, oil, 4 hour, chart

Crude oil trading strategy on 4 hour chart model, key areas of support and resistance noted with white arrows.

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.

https://www.tradingview.com/chart/WTICOUSD/iAGb6fPu-Symmetry-on-this-chart-structure-says-55-30-on-West-Texas-Crude/

oil, trading, strategy, symmetry

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.

https://www.tradingview.com/chart/WTICOUSD/mxzmX1jP-Key-resistance-and-support-for-daytrading-crude-oil-futures-on-4/

4 hour, resistance, support, chart, crude, oil

Key resistance and support for day trading crude oil futures on 4 hour test chart for sizing strategy on machine orders.

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.

https://www.tradingview.com/chart/USOIL/Bqus0DSF-Daily-FX-USOIL-WTI-chart-shows-54-14-Feb-1-price-target-still-in/

crude, oil, daily, chart

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

Per previous;

Key support and resistance on daily crude oil chart is noted for day trading strategy.

https://www.tradingview.com/chart/USOIL/GLKLdhlh-Key-support-and-resistance-on-daily-crude-oil-chart-is-noted-for/

Crude, oil, daily, chart, trading, strategy

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.

https://www.tradingview.com/chart/USOIL/uXawcdzo-Weekly-FX-USOIL-WTI-crude-oil-chart-has-been-responding-well-als/

weekly, crude, oil , chart

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.

https://www.tradingview.com/chart/USOIL/9tWNwSap-Key-support-and-resistance-noted-on-weekly-crude-oil-chart-for-f/

weekly, crude, oil, chart, futures, 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, 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:


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.

EPIC, Oil, crude, algorithm, trading, strategy

Screen capture of trade moving through EPIC Crude Oil Algorithm range in trade last week. #crude #oil #trading

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).

https://www.tradingview.com/chart/USOIL/lZwOxUBj-One-Minute-Model-for-Day-Trading-Crude-Oil-Futures-Jan-20-236-PM/

trading, strategy, crude, oil, futures, one minute, model

Trade support and resistance shown on one minute chart model for crude oil futures day trading strategy.

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.

https://www.tradingview.com/chart/WTICOUSD/HSlDUao0-Crude-oil-trading-strategy-on-4-hour-chart-model-key-areas-of-s/

Crude, oil, 4 hour, chart

Crude oil trading strategy on 4 hour chart model, key areas of support and resistance noted with white arrows.

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.

https://www.tradingview.com/chart/WTICOUSD/mxzmX1jP-Key-resistance-and-support-for-daytrading-crude-oil-futures-on-4/

4 hour, resistance, support, chart, crude, oil

Key resistance and support for day trading crude oil futures on 4 hour test chart for sizing strategy on machine orders.

Key support and resistance on daily crude oil chart is noted for day trading strategy.

https://www.tradingview.com/chart/USOIL/GLKLdhlh-Key-support-and-resistance-on-daily-crude-oil-chart-is-noted-for/

Crude, oil, daily, chart, trading, strategy

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.

https://www.tradingview.com/chart/USOIL/9tWNwSap-Key-support-and-resistance-noted-on-weekly-crude-oil-chart-for-f/

weekly, crude, oil, chart, futures, 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.

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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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