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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Tools You Can Use to Day Trade Crude Oil for a Better Win Rate- 90%+ Is Within Reach.

How to Trade Oil Successfully with the Right Strategies: Trade Alerts, Chat Room Signals, Live Trading Room, Conventional Charts, Time Cycle Knowledge and Algorithmic Models.

My position in this post is simple; if you have the technical data needed to make the right trading decisions on all time frames (your oil trading strategy) provided to you (the oil day trader) in the most efficient manner, you can out trade the general market traders and compete with world class machine oil trading firms.

We endeavor to provide such a trading platform for our members. Below I explain how we are doing that.

But first, a trade coaching session for those learning to get on the winning side of their trading… if you are a pro that only needs the technical oil trading strategies included in this post… skip this rant and scroll down. 

Why do I scream from the rooftops that my win oil trading rate is so high?  Why do I scream transparency and documentation of my trading journey and the development of our oil trading systems?

I scream my win rate (that anyone can review our live recorded and time stamped documentation to verify) to drive home that you do not have to accept what the book selling circle jerk crew tries to sell you, “trade price, nobody knows the future and that a 60/40 win rate is acceptable” – this is a flawed process.

You do not have to accept what the book selling circle jerk crew tries to sell you.

Study our oil trading system development and you will find that trading price doesn’t work in oil and that thinking you can’t know the future (future decisions for up, down or sideways trade and the most probable price targets) is foolish thinking.

We know with high probability where price is going to be on any time frame (from a 1 minute chart to a monthly chart and all between) and we know with high probability how to trade the decisions a trader will face on the way to the possible price targets.

We know the natural trading structure of the financial instrument – in other words, we know the playing field. We play the game with the lights on while the majority of our competition is in the dark.

We know the natural trading structure of the financial instrument – in other words, we know the playing field.

A 60/40 win rate is painful, to accept and use that system you have to take a series of significant losing side cuts to only then take advantage of a winning swing trade trend pattern move. In other words, the problem with their process is that you win big when you win but you have to endure pain to get the big win. I do this myself, but only with 10% of my account.

For example I have been DWT short for a number of weeks in preparation for the reversal in oil trade we are now experiencing. But I do it so that I get the move even when I don’t have time to day trade it.

The problem with their process is that you win big when you win but you have to endure pain to get the big win.

Another problem with the 60/40 idea (and there are hundreds of problems with this thinking) is that oil can trade sideways for many weeks, in this scenario you get chopped up and this causes your brain to be confused and you begin questioning yourself.

The method we are developing, perfecting and teaching (that we have documented live in every fashion available for proof) has a much higher rate of return and win side rate, it allows you to be in cash daily, it is much less stressful (the draw downs when you do lose can be next to zero) and it is the equivalent of Wayne Gretzky on the ice (for example).

You can simply “out stick handle” your competition.

To be a 90%+ oil trading winner takes real work to learn, but on the other side you will have much less stress, you win more often, your ROI and ROE increase significantly, your lifestyle freedom increases and the most important part is it keeps your brain in the frame work of being a winner.

Worst case scenario – you add what you can or what you prefer to use of what we have learned and passed on to you so that your oil trading win rate increases.

The bottom line.

It is critical for your brain to know it wins. When it knows you are a winner it won’t accept losses. This is critical (you would have to do a serious psychological study to learn why this is so important – maybe someday I will write about what I’ve learned).

The bottom line is that your brain develops patterns of habit that manifest in reality. Your subconscious is the leader, and it needs to know when it trades crude oil, that you win.

The bottom line is that your brain develops patterns of habit that manifest in reality.

The only way this is possible (your brain knowing that you win so it won’t accept losing which causes your execution to be disciplined) is to be able to “out -trade” your competition.

Sure, you are competing with yourself – but in reality you are competing against the world’s best when you enter the markets everyday.

The only way to out-trade your competition is to have technical market information and tools they simply do not possess and / or do not have “as efficient” access to and they haven’t defined their trading process and skill-set to the same level you have.

This is what causes one to trade win-side at a rate of over 90%. And anyone can do it.

Lets Get on With The Technical Oil Trading Strategies You Can Use to Day Trade Crude Oil for a Better Win Rate.

Oil Trade Signals: The Strategy / Guidance I Provided to Members at Start of Week.

Crude Oil Time Cycles, Area of Trade, Support, Resistance, Trading Channels.

Note: The time stamps on the Private Member Discord Oil Chat Room Server is showing my time in the Dominican Republic (this time of year it is one hour later here in DR than Eastern Time in New York).

For this post (that focuses on examples from Friday Jan 18, 2019 in our oil trading room) I will start with trade signals I provided to our members at the beginning of the week (and some prior) to provide context for the guidance explained.

Below (3rd image down) you will find a private member server screen shot (to start the week of Jan 14, 2018) I shared with the chat room of a test chart our oil machine trade coding technicians are developing for sizing trades.

In addition to using our main oil charting (the EPIC Oil Algorithm model – a proprietary model based on a 30 minute oil chart) we use many other charts (conventional and algorithmic) on many time-frames to determine back tested and correlated probabilities for oil trade resistance, support, channels, reversals, time cycles and more.

In the instance below (at start of last week) I was signaling the possible channel oil would use for weekly trade – specifically if the scenario played out during weekly trade as it related to the previously provided signals to members (that we seen a time cycle ending in crude oil December 20, 2018).

Prior to this, we had provided members (many weeks in advance of Dec 20) that the time cycle peak / conclusion was for approximately Dec 20 (with allowance for a week either way of Dec 20 because the time cycle was so large as it was based on the weekly time cycle charting).

Then on Dec 26, 2018 oil did in fact turn up in trade and hasn’t stopped trading upward since.

Between Dec 20 and Dec 26 there was one last “flash down” in oil trade which is typical at the end or peak of a time cycle on any time frame from the one minute charting to monthly charting (this is typical of the final stops being triggered and shorts covering positions).

Then on Dec 26, 2018 oil did in fact turn up in trade and hasn’t stopped trading upward since.

Oil hit a low of 42.38 on FX USOIL WTI on Dec 24, 2018 and closed Friday Jan 18, 2019 at 52.38 – less than one month later.

crude, oil, chart, reversal, trend

Oil hit a low of 42.38 on FX USOIL WTI on Dec 24, 2018 and closed Friday Jan 18, 2019 at 52.38 – less than one month later.

Also of note, we predicted the down turn in oil trade at the time cycle peak – the time cycle turn prior to the Dec 20, 2018 reversal.

See this tweet from EPIC Oil Algorithm Public Twitter feed and the post linked to our blog.

“Dating back to 2002, 13 of 14 major time cycles on weekly crude oil chart structure seen trend reversal to some extent or another #Oil #OOTT #TimeCycles FX USOIL WTI $CL_F $USO $UWT $DWT https://www.tradingview.com/chart/USOIL/F8Z9UE66-Dating-back-to-2002-13-of-14-major-time-cycles-on-weekly-crude/

Back to Strategic Guidance Provided to Oil Chat Room Last Week:

The oil trade signals I alerted to members to assist in their oil trade strategy focused on the trading range our members could expect for oil the coming week. The alerted signals also gave our traders support and resistance areas on the charting and the most probable channel of trade (this is all in addition to the EPIC Oil Trading Weekly Report).

Curt Melonopoly Last Monday at 8:49 AM (7:49 AM EST)
“It’s a machine coding doodle chart for sizing etc so its a mess, but we are looking for channel highlighted in yellow to hold for trend reversal confirmation in crude oil – use proven EPIC model for confirmation for trading”.

oil, chat , room, signals

Oil Chat Room – looking for channel highlighted in yellow to hold for trend reversal in crude oil

Below is a screen shot of the live oil alert feed on Twitter providing the following signal to our members for the week:

“Under 52.16 FX USOIL WTI I am short term bearish, over 52.16 bullish to 53.34 and over to 55.65 – main test areas over head on weekly time frame.”

crude, oil, alert, signal, guidance

Under 52.16 FX USOIL WTI I am short term bearish, over 52.16 bullish to 53.34 and over to 55.65 – main test areas over head on weekly time frame.

The examples above provide context to the guidance we provided our oil members at recent time cycle turns and at the beginning of the week…

Now lets jump to the specific point of this post that involves trade last Friday December 18, 2019 so we can learn how to day trade the opportunities in crude oil.

At 6:40 AM Friday Jan 19, 2019 I signaled the oil chat room that oil trade looked bullish and that our traders could expect a push toward the 53.40 resistance.

You can see on the chart / screen capture below how trade for the week had maintained the channel and that oil trade was following a trajectory (light blue vertical line) that I had outlined in the chat room earlier in the week as a probable upside strategy.

The strategy for the trajectory of the uptrending blue arrow was based on trajectory of time cycle targets on the short time frame assuming oil was bullish (price targets on our algorithmic charting can be assumed at where important trend lines cross, this is consistent through all time frames on all algorithmic models – this takes some time to learn).

The resistance I was alerting our members was at the top of the trading channel so they were aware of where to be aware of possibly trimming positions or at minimum being on watch for intra-day stall in trade.

“They’re pushing for that 53.40 area today (upside scenario), above could cause a significant squeeze”.

Trade, room, signal, alert, crude, oil

Crude Oil Chat Room Signal – They’re pushing for that 53.40 area today (upside scenario), above could cause a significant squeeze.

On this screen capture from the oil chat room I am showing our members that trade intra day was in the bullish scenario on a 4 hour test chart. Reconfirming the bullish scenario for day trading oil upward in Friday’s trade.

You will also notice at the bottom of the screen capture – the noted alert at the bottom of the screen, “53.50 is top of quad ton EPIC model resistance today, trading 52.83 intra” that this set-up coincided with our proprietary oil algorithm charting (the core oil algorithm charting – the core of our methodology, is not included in this post).

The core oil algorithm charting – the core of our methodology, is not included in this post.

crude, oil, chat, room, signals, chart

On this screen capture from the oil chat room I am showing our members that trade intra day was in the bullish scenario on a 4 hour test chart

Earlier that morning Jeremy has posted a link in the chat room to the article and video post covering trade from Thursday’s session and explanation of the one minute trading box set-up. You can study the set-up at the link below;

By far one of the most important crude oil trading articles we have posted since our inception.

Protected: How I Day Trade Crude Oil on One Minute Chart | Trading Signals | Alerts (with video)

Link: https://compoundtrading.com/how-i-day-trade-crude-oil-on-one-minute-chart-trading-signals-alerts-with-video/

Password: ********

At 920 AM right before regular market open I provide chat room a crude oil position signal for preferred long entry point.

I also re-confirm my expectation that probability for the top of the quad area of the oil algorithm in trade gets hit and that my entry signal price target (preferred entry is 52.40) so that our traders could make their own decisions for execution.

Also mentioned here, the one minute trading model (the trading box area) as the preferred entry price so that our members know where I derived the 52.40 entry preference from.

oil, trade, signals, premarket

At 920 AM right before regular market open I provide chat room a crude oil position signal for preferred long entry point.

Crude oil trade alert in chat room screen shot of long execution in to open and other alerts. Long oil at 52.67 with trims at 52.93 and 53.08.

trade, alert, chat, room, long, oil

Crude oil trade alert in chat room screen shot of long execution in to open and other alerts.

Alert in oil chat room that I was closing the oil day trade at 53.03 due to internet issues and reiteration of price target 53.50 for day trade.

Then the price target for the day trade was hit. A 90 tick move so far on the day.

oil, daytrade, close, alert, signal

Alert in oil chat room that I was closing the oil day trade due to internet issues and reiteration of price target for day trade.

Below is screen shot capture of crude oil chat room of posted oil chart images of predictability of 1 minute oil day trading strategy in trading box model (as previously posted above – the Thursday featured blog post the day prior) when crude oil squeezes intra-day.

trading box, day trade, crude oil, strategy

Screen shot of chat room images of predictability of 1 minute oil trade in trading box model when crude oil squeezes intra day.

As the day trading session progressed I provided a number of alerts to impending resistance on all time frames in crude oil trade range expected for the day.

heavy resistance confirming on all time frames, but in a sqz u never know

daytrading, signals, alerts, chat room, resistance, oil,

As the day trading session progressed I provided a number of alerts to impending resistance on all time frames n crude oil trade range expect for the day.

Resistance areas of oil trade for guidance for day traders to consider trimming or closing positions.

Resistance had been hit on two 4 hour charts and the EPIC Oil Algorithm 30 Minute Model at this point of trade intra-day. Other charting time frames had resistance also.

daytrader, crude, oil, alerts, resistance,

Resistance areas of oil trade and guidance for daytraders to consider trimming or closing positions.

240 Min Test Chart Scenarios posted to oil chat room revising the previous so that day trading signals for oil are updated.

signals, daytrade, updated, chat room, crude, oil

240 Min Test Chart Scenarios posted to oil chat room revising the previous so that day trading signals for oil are updated.

LIVE OIL TRADING ROOM VIDEO | HOW TO DAY TRADE CRUDE OIL – STRATEGIES I USE.

#daytrade #crudeoil

Summary Notes for Video:

Note: Voice broadcast starts at 16:25 on video. When I am trading and on mic is noted below (the location times on video).

At 16:25 on video “I am triggering long 52.67 with tight stops because of test on 240 minute crude oil charting, so I may trigger in and out here, we’ll see. Will probably get in to pressure right in to open here but I didn’t want to miss the move. A little bit of FOMO.”

At 19:50 on video “The one minute candle turn in advance of market open is coming here, get ready for some pressure.”

Keep in mind the strategy guidance provided to members in the oil chat room specific to the preferred by trigger at 52.40 (in other words support on one minute day-trading model).

And Then The Internet Crashes! A Work Crew Down the Street Cut The Line.

At 23:00 mins on video I come on mic to announce the internet problem to the trading room (at which time I didn’t know what the specific problem with the internet was).

At 24:50 on video the pressure in oil trade comes (which made sense to me considering the resistance decision but I decided to hold because oil was so bullish through the time cycle). I could have cut and re-entered which may have yielded a better profit by 10 ticks or so.

And then the internet continues to crash intermittently. Had the internet not been crashing I would have been on mic providing our traders guidance.

At 56:40 I announce we are back up on a cellular network and that I am holding the position.

At 1:10:50 On video I announce I am trimming at 53.08 holding 25% – there was significant resistance on the EPIC Oil Algorithm so I trimmed.

In the trading chat room (not on video due to internet issues) I announce I am closing trade due to internet issues even though price wasn’t to the top of the algorithm quadrant and price target for the day, “closed 53.03 may re enter i had to close due to internet.”

Had the internet been restored timely I would have traded right top of quadrant and price target for the day.

At 1:18:00 on video you can see trade hitting the price target for the day (top of algorithm quadrant).

In a normal scenario I would have been trading the one minute trading chart model in the trading boxes and on mic in the trading room announces my trades. But on this day as fate would have it I couldn’t do it because I couldn’t risk the internet crashing while on the temporary cellular platform we were using.

Important note:

Much of the proprietary charting links, member oil reporting, and proprietary algorithmic charting is not included in this post. In 2019 we have started to limit dissemination of proprietary content due to copy cat trading firms. 

Summary Thoughts for Context.

It is important to note that there were many many more trade alerts, charting updates, chat room trades / signals / guidance and trading room live trade coverage for the week.

Our members have much, much more information available to them for crude oil day trading decisions needed every day of the week on all time frames.

Having advanced technical know-how derived from a systematic scientific process that gets fed in to our various oil trading platform services to trading members allows for our members to “out stick handle” the everyday trading community and compete with world class machine trading firms.

My win rate and the oil machine trading win rate was well over 90% for the week and the reason is the combined tools available – available to myself, to our machine trading techs and thus the developed software and also made available to the members in our oil trading service.

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, Trading, Signals, Strategy, Alerts, Trade Room, Chat, Algorithm, USOIL, WTI, CL_F, USO

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Crude Oil Day Trade Strategies Session With Our Lead Trader Jan 14, 2019 for Intra-Day Trading and Forward Guidance for Week of Jan 13, 2019. Video.

Video starts at 00:45.

1:00 I will look at crude oil trade first and then cover the other algorithm models and equities we follow.

1:38 Time cycles. Last week was first full week post holiday and time cycle completion week. This week we expect oil time cycle to start to form out.

If you consider where oil recently peaked, this could be the short term top per previous guidance (for retrace down).

At 2:30 is a sizing chart we are using for our machine trading software development (a doodle chart).

The downward channel in a reversal explained on this chart and the upward channel in continuation of recent trend from daily chart bottom is explained on this chart.

Support and resistance for uptrend and downtrending trade for daytrading and sizing swing trades is explained here on this chart.

At 5:55 I explain two areas of daytrading crude oil strategeis (setups) that I missed and how. It’s a learning lesson for chart setup strategies in crude oil.

At 7:20 the weekly crude oil trading chart is reviewed. The weekly Fibonacci support and resistance areas are reviewed. This is very important for swing trading range in this area of oil trade. There is resistance at 200 MA, diagonal Fib line and trading box over head resistance. The trading zone is highlighted here for visual understanding.

I am short term bearish now at resistance on this chart and bullish at support on this chart. Very, very important chart if you’re trading crude oil.

At 10:15 the daily chart diagonal Fib decision area is important as outlined as its a time cycle completion (small), 50 MA resistance also. 48.80 is a target and 54.17 up top both for Feb 1 depending on direction here forward.

At 11;15 on weekly Trend Line resistance is a little higher and support makes sense on daily quadrant lower support outlined on vid.

12:28 240 minute chart, 20 MA was touched and price backed off. It didn’t get to its upper price target and that was a signal of a pull back in play.

At 14:30 on the 1 minute daytrading chart the structure, support and resistance, trading box areas are reviewed. Trade intraday has been sloppy. Time frame sizing is the point of this modeling.

Machine trading has been coming back in to market but still quite vacant post holiday and model anomalies.

At 17:10 the algorithm model is reviewed. Resistance and support of the trading channel in an uptrend or downtrend on the weekly time frame is discussed.

There are a number of price targets and trade action guidance for day trading and swing trading the weekly trade in crude oil on this part of this video.

#crudeoil #daytrading #strategy

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 lead traders that include learning systems, blog posts and videos.

Welcome to NYMEX WTI Light Sweet Crude Oil Futures.

Subscribe to Our Oil Trading Platform:

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

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

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

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

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

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

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

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

Follow:


Crude Oil Trading Strategy for Jan 6, 2019 – Jan 15, 2019.

One plausible scenario I am watching.

Crude oil resistance points, trade technically should come under pressure in to the 10th and then possibly bounce to target. 

If bullish scenario plays out then a timed long at a bounce over the trading box noted would yield an excellent return over next ten days or so.

https://www.tradingview.com/chart/WTICOUSD/QChcQJ4v-Crude-oil-resistance-points-trade-technically-should-come-under/

crude, oil, trading, strategy

Crude oil resistance points, trade technically should come under pressure in to the 10th and then possibly bounce to target.