Tag: Strategy

How to Know & How We Alerted (In Advance) Crude Oil Intra-Day Bottom Price, Day High, Trend (PT 1)

Curt MelonopolyCrude Oil Day Trading, Crude Oil Trade Signals, Crude Oil Trading Alerts, Crude Oil Trading Room, Crude Oil Trading Strategy, Day Trading Crude Oil, , , , , , , , ,

A Reliable Method to Determine in Advance Intra-Day Bottom Price, Day High Price, Trading Trend and Timing for Your Crude Oil Day Trading Strategy (Part 1).

The systematic process below that includes actual time stamped oil trade alerts, live video from our oil trading room and charts from our oil trade chat room is easily identifiable when the right signals of trade are in play on any day that you are trading crude oil.

The method below can be learned and reproduced by any trader that studies the trading set-up and strategy explained.

When a trader knows with high probability the likely range of trade for the day then a trading strategy for daytrading can be put in to place.

If you know the likely high of day, low of day, reversal area, trend of trade for the day and the likely timing of the price target areas / reversals this goes a long way to help you with your day trade strategy for executing trades. You can then execute your trades in accordance to those signals until they are no longer relevant or in play.

Hopefully in sharing what happened today in our oil trading room this will help you with your oil daytrading strategy in future.

Part One of this Article will show you how trade transpired today, what we alerted, the charting as it happened, the models we used to determine the high price of day, low price of day, time cycle peak for price targets, the trend on day and more.

Part Two of this Article will explain how you can use this information (the charts, alerts, trading room, chat etc) to develop your own daytrading strategy for crude oil trade.

June 16 Update – Part Two of this Article is Now Complete and can be viewed by clicking here.

How to Day Trade Crude Oil Low/High Price, Trend, Reversal, Size, Timing (Pt 2 Premium) | Trading Strategy.

Today was the weekly EIA Report at 10:30 AM. There was a substantial build reported. Below is a copy of a tweet from ZeroHedge.

Crude oil +6.77MM, Exp. -0.5MM
Gasoline +3.21MM
Distillate +4.57MM
Cushing +1.79MM

Prior to the EIA report coming out I was concerned about it and let the trading room know right before it was announced (the live video is in this article). Even though I expected the oil price to collapse I didn’t trade it down because we were in the last part of our final coding of our machine trade – so I was doing double duty (I wanted to get done).

So the report comes out and oil starts to collapse (you can see all this on the video from the oil trading room for those learning about how oil trades and what to watch for).

At 10:54 AM I alert the oil trading room (with voice broadcast and charting), the oil chat room (see screen capture image below) and alert to the member Twitter feed (screen shot below) that we are looking at the 50.84 area of FX USOIL WTI for possible long trade (trend reversal) for a possible bottom price area on the day. We trade CL futures but alert on USOIL WTI for consistency between instruments of trade for crude oil.

Looking 50.84 area possible longs (bottom of quad) trading 51.26 intra. Shorting all pops thereafter in to quad area resistance.

oil, trade, alert
Looking 50.84 area possible longs (bottom of quad) trading 51.26 intra. Shorting all pops thereafter in to quad area resistance.

Then at 11:54 the price of oil drops in to the area previously alerts, spikes down with a flash and trade reverses. In the oil chat room screen shot below you can see I alerted our long oil trade (machine trade in this instance) in the 50.70s and then the machine trade closed and fired a few other times. This ended up in fact being the low of day in trade. I had alerted that I was looking at the 50.84 area and price hit 50.70s and reversed.

Software fired in there 50.70 s to closing 50.90 s, I didn’t but we’ll see if it holds the range for a bounce.

oil trading room, alert, bottom price, trend reversal area
Looking 50.84 area possible longs (bottom of quad) trading 51.26 intra. Shorting all pops thereafter in to quad area resistance.

You can also see in the screen shot that I was sharing various chart set-ups to help our traders with their trading strategies for the day so they knew where the structured areas of support, resistance etc were.

Then at 12:07 PM I alerted to the oil trading room by voice broadcast, chat room with charting and on live alert feed that the structure of trade had improved and that we expected that the low of day for trade had in fact been put in confirming a reversal.

improved structure, likely near term low in

oil, trade, alert, price, reversal
Oil trade alert, trading room alert low of day price crude oil reversal trend in play.

Then shortly after 12:00 I alerted (to live trading room, chat room, alert feed) that there was a time cycle peak coming at 2:15 (in other words if you are long on the reversal from the day lows that 2:15 would be the area of time on the day for a high for your price targeting on the trade).

I also gave the resistance levels between where trade was at near the bottom of the trading quad (near the reversal area at bottom) and where we seen the top price target of trade. In other words, if you are long the trade watch for the 20 MA on the 5 minute chart above and the mid quad (mid channel) resistance on the 30 minute EPIC model chart.

2:15 time cycle should be the top on any retrace up on the day
20 MA on 5 min overhead
2:15 PM time cycle most bullish scenario we have is 51.90 (mid channel on EPIC quad) trading 51.32
body of 30 min candle at machine line

Then after the resistance areas are overcome in uptrend trade on the day at 1:20 PM (in advance of the 2:15 time cycle peak) I alert in more detail the various price target areas that represent various model charts on different time-frames so that our traders know exactly what levels to watch as price nears both time and region of trade for our trending price targets for the day trade.

Resistance we are watching intra 51.86 mid channel EPIC, 52.14 5 min, 52.10 on 1 min, 2:15 time cycle peak, just hit 51.81 intra. Nice reversal intra in the EPIC quad from just below support of area we had marked. Also watching for signals for longer term trend reversal possibilities.

oil trading room, trade alert, reversal, price target
Screen shot oil trading room trade alert high of day price target timing for reversal for oil trading strategy.

Image capture below from oil trade chat room shows 1 min crude oil model trend and 5 min chart with oil trade trending in to time cycle peak as alerted.

oil trade alert, trend, price target, time cycle
Image shows 1 min crude oil model trend and 5 min chart with oil trade trending in to time cycle peak as alerted

Image below from oil trading room alerting that price reversal strong structure expect possible trend reversal and possible price targets. The first image is the 30 minute EPIC algorithm chart model showing a strong bounce off the bottom area of the quadrant (the alerted price reversal area).

Strong signal the trend on wider time frame is in reversal mode with action seen in this quad today really clean

And because the bounce is so strong and structured properly in the quad that traders could start possibly looking at larger time frame charting for a possible trend reversal and possible price targets in that scenario.

maybe one quad more down but that would be it if so imo
60.41 would be trend reversal target, trading 51.91, 850 ticks ish
sorry its 59.22

trading room, oil trade alert, price targets, reversal, trend
Image from oil trading room alerting that price reversal strong structure expect possible trend reversal and possible price targets.

Image showing oil trade room signals on 1 minute chart for confirmation of intra day trend from HFT trade action. Normally we would explain or alert this as it was happening live, however, in today’s scenario I was doing double duty coding so I was sure to show our traders where / how they could confirm that the intra-day trend (for in future trading strategy) was still in play.

After two hits to the trend then the HFT programs set their confirmation pivot and continue trend. This confirms that a trade can continue looking in to the trend for the day, the price targets for day high and time cycle peak for the day.

this is where the HFTs hammered down today, after two hits to 1 min channel support and hit to 1 min range they hammered down

oil trading room, signals, HFT, confirmation of trend, alert
Image showing oil trade room signals on 1 minute chart for confirmation of intra day trend from HFT trade action.

Two chart images below of crude oil trade from trading room comparing last week trade action and this week in 30 Minute EPIC model. This week the trade is much more structured confirming signals that I will include in Part 2 of this report.

Last weeks quad action

This week quad action

oil charts, models, signal, confirmations
Two chart images for crude oil trade from trading room comparing last week trade action and this week in model. Confirming signals.

The final two images below show that price did in fact spike in to the time cycle peak for 2:15 PM and did reverse in this area of oil trade for a short opportunity as we had alerted much earlier in the day.

peaking in to time cycle intra

trend reversal, alert, oil, trading room, charts
The final two trading room images below show that price time cycle reversal oil trade short alerted earlier.

Next, in Part Two of this article (sent to premium members) I will explain exactly how you can use this information (the charts, alerts, trading room, chat etc) to develop your own day trading strategy for crude oil trade.

I will explain trade signals such as how to know where the time cycles are, what the expected high of day and low of day is most probable and what the trend on the day should be.

Below is the raw oil trading room video feed, if you are learning to trade oil you can correlate the time stamp you see on the images above to the time stamp on the video so you can scroll through the video to specifically what I was saying in the trading room during each alert period. The video below is only a raw feed and I am not broadcasting on mic all day – only when there are alerts and or trades in play (this is why I mention the time stamps). I only include the video because newer students of trade can utilize the live video (and associated comments and charting) to learn, but it is not packaged in short form so you have to dig a bit.

 

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, Trading, Trading Room, Strategy, Signals, Reversals, Trend, Price Targets, Time Cycle

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Part 2. Deep Dive Day Trading Signals Crude Oil Sell-Off, Reversals, Trend Trade | 1 Min Strategies (Premium)

Curt MelonopolyCrude Oil Day Trading, Crude Oil Trade Signals, Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Strategy, , , , , , , , , , , , , , , ,

Part Two: Deep Dive in to Day-Trading The One Minute Crude Oil Time-Frame. Short Selling Chart Structure, Price Reversal Intra-Day for Up Trend.

Part One of this Article is here Day Trading Signals for Crude Oil Sell-Off Shorting & Bullish Reversal | 1 Minute Chart | Oil Trading Strategies.

For this premium member post we will use this video (from part one) as a guide:

A Quick Explanation of Our Discipline.

We chart financial instruments using both conventional and algorithmic charting methods. Charted on all time-frames, we use up to fifty conventional indicators and back test charting up to sixty months. When complete, the algorithmic models then provide a structure of trade representing primary support and resistance areas, time cycle considerations and more. The process is ongoing with real-world testing and models are updated regularly.

Specific to crude oil, we now utilize eighteen proprietary algorithmic models (representing various time-frames). The models / data are used in our personal trading, distributed to internal members and commercial enterprise clients on regular rotation, broadcast live to our oil trading room, timely set-ups are shared to the private member Discord oil chat room and coded to our machine trading software.

This post deals specifically with one of eighteen models – the one minute time frame. And more specifically the sell off structure and reversal points that signal a trend change intra-day with crude oil trade.

The Structure of a Crude Oil Intra-Day Sell Off.

As explained in Part 1 of this post, crude oil sells off within a structure that is often very precise. Understanding the structure of trade can assist a daytrader in many areas of his/her trade management. This can include trade sizing, working the ebb and flow of trade up and down in price, setting stop orders, determining where, when and why to size in and hold and where to be cautious or not trade at all.

Learn From Our Machine Trade Development Process and Prior Trade Experience.

We, in our own development are dealing with these trade management considerations within intra-day trade. I myself as a day-trader can assess these indications or signals drawing on decades of prior experience, but this process becomes much different when you start coding software to trade crude oil.

When I am trading (as a person mechanically executing trades) I am using what I think is instinct and experience. But what exactly is that process? This is complicated to assess but is required when coding software to trade for you and is also important for any human trader to consider.

What I have learned is that I didn’t know anything about how crude oil really trades. I thought I knew, but I didn’t. And as we continue to develop software we continue to discover areas within trade on various time frames where machine liquidity has or is creating other points of structured trade that can be modeled. It is a very manually intensive process.

When you code software to trade a financial instrument such as crude oil futures it becomes an absolute discipline. It has to have an absolute rules-based system to execute trades (in our case our oil software now has near 4000 rules or instructions that it weighs against to make trade decisions). It is ones and zeros. There is no room for cognitive dissonance – no room for fooling oneself (more on this in a future post).

The main point is this, oil trade is very structured (there are times of day or week when it is loose but for the most part it is structured). It is structured because it is (in large part) machine liquidity that is trading crude oil intra-day – estimated to be well over 80%.

Commodity trading enters the age of digitisation.

Commodities Traders Increasingly Adopt Algorithms.

We are sharing our experience in the development of such software to assist human traders to be able to compete with that machine driven trade in oil (and we are providing data to other enterprise groups).

You will find that crude oil trades like no other and it does not trade the way conventional traders think it trades. The rules are in large part very different than what the average retail trader thinks. 

We have recently completed coding software of the eighteen oil trade algorithm models (and our proprietary IDENT order flow software is fully in the code also). Last week we ran the software in real-world trade and finished cleaning the bugs from the code (we encountered ten and they weren’t nice to deal with – we had some intra-day draw-downs). We are now simply adding set-ups to the software (which equates to small updates vs large model code development) and we are also tweaking the software as we observe it trading real-time.

In other words, our development is largely done because all the models are in the software now and the trading sequences have all run which has allowed us to de-bug the software. Here forward we expect a much smoother ride with the software and I suspect that I as a human trader in crude oil will have a hard time competing with the software’s performance. In fact I would bet my life on it.

Why do I ramble on about this? Because a human trader has no other choice but to accept this reality if they are wanting to compete with the machines. Accepting this reality is step one. Step two is then developing a trading strategy based on what the machines are doing (the structure of the software) to compete and profit off the trade of crude oil.

I suspect that I as a human trader in crude oil that I will have a hard time competing with the software’s performance. In fact I would bet my life on it.

Back to Your Strategy. Lets Look at the Crude Oil Sell-Off Structure, Intra-Day Price Action and How to Trade the Signals Within the One Minute Chart Model.

Be sure you have read part one of this article, many of the intra-day oil trading strategy points of reference are explained in more detail at that post also.

Structure of the Financial Instrument is Key. Knowing the algorithmic structure (and conventional charting) for the time-frame you are trading (and preferably for all time-frames) is key to your success. This structure then becomes your point of reference (map / GPS / playing field) for developing your strategy (it is the structure that the machines are trading within).

The one minute model structure – the support and resistance lines and indicators include;

  • The trading range is shown on the chart as a thick horizontal dotted line with a red dotted line and a blue dotted line on either side of the white. When trade is very predictable this becomes important for support and resistance, especially in a squeeze set-up.
  • The other horizontal white lines are support and resistance points to consider – the thicker the line the more important they are in trade strategy consideration.
  • The down-sloping (down-trending) yellow dotted lines (thin) are the least in consideration, but are often included on the chart for our reference.
  • The up-sloping (up-trending) yellow lines are to be considered as support and resistance during predictable (high volume) trading periods as support and resistance in sell-offs.
  • The up-sloping (up-trending) white lines are decision lines, or you could look at it as indecision areas of trade. When trade is deciding to continue down (the yellow lines) or continue or reverse up (the blue down-trending) lines (see next point below).
  • The down-sloping (down-trending) blue lines are to be used as support and resistance when trade is bullish (again, as with all, these are more predictable in high volume periods of trade).
  • It is important to note that the lines are proprietary algorithmic calculated trend-lines (calculated based on historical trade).
  • And also of note, the lines are hand drawn “on-the-fly” by our lead trader or a staff member as time allows and sent out to clients, be aware that errors are common. We expect to have proprietary software in future for our clients that will minimize these issues.
  • Indicators include the 20 MA, 50 MA, 100 MA, 200 MA, VWAP, price and volume. You can double tap the field area of the chart to access Stochastic RSI, MACD and Squeeze Momentum Indicator.

Below is a screen shot of the one minute crude oil day-trading algorithmic model.

Direct links to the chart models are emailed to members in small group batches or for individual or commercial use. Please let us know if you are using more than one device to access the charting to assist us in dissemination of the model links.

daytrading, chart, crude, oil
One Minute Crude Oil Trading Chart Model for Day-Trader Signals in Developing Intra-Day Trade Strategy.

Other Chart Time-Frame Support and Resistance Matter. You need to be aware of all primary time-frames. You need the conventional charting trade set-ups that are in play at your disposal and the algorithmic structured models. The primary time frames we use are the one minute, 5 minute and 30 minute charting. We also use 15 minute, 60, 240, daily, weekly and monthly – often.

Knowing where the primary support and resistance are on the other time frames will provide clues to possible points of intra-day price reversal and / or points to trim your short or long positions.

Below is a recent example showing a close up of the one month oil model. Trade was recently near an important area of resistance on the one month model. The trader should then to develop a sound strategy look to the weekly, daily, 240 minute, one hour, 30 minute, 15 minute and 5 minute models to confirm price is breaking down at that resistance level and trade it on the one minute time-frame intra-day.

one month, crude, oil, trading, model
Recent example of oil sell off at key point of resistance on one month model, important for trade strategy to know.

And below on the thirty minute chart (as another example) trade was testing key resistance and then systematically sold off through the model. It continued below and a deep sell off ensued.

This resistance area (as shown) as being key could be confirmed as such on all the models.

For us in the back-office this was very frustrating because we had just finished coding the eighteen models to the new version of software and the old version was 20% short crude oil and when we loaded the new software the old was shut down and the positions were closed.

The old software (had we left it to trade the sequence) would have had a considerable gain trading the full range of the sell-off because the full range of the sell off was coded to the prior software. But unfortunately that is how it goes when you are developing. Thankfully the eighteen model version is our last for crude oil and only small tweaks and set-up updates will occur.

30 min, oil, trading, model
Prior to sell off resistance on 30 minute oil trading model had been tested and price systematically sold off.

One other example, and there are many (a simple screen shot from my Trading View account), is a 15 model chart provided to members on May 19 before the massive sell-off started showing the key resistance and the full trading range for their trading strategy – this was a premium set-up.

It wasn’t long after this the sell off took the oil price even lower than key support.

This was also when we loaded the new software (prior to the sell off), frustrating to say the least because we were de-bugging very large new version software instead of enjoying the harvest of the set-up (never again).

crude oil, strategy, chart, trade, 15 min
Screen shot of 15 min oil trading model that shows May 19 members had range of trade ready for sell-off for strategy

Increased Volatility Within Intra-Day Trade Structure. The price action of an intra-day crude oil sell-off is volatile (actually, the price action at certain points within the model has more velocity) and yet price is more precisely structured than at most other areas of trade.

When price falls out of the yellow line support you can short to the next yellow line support. However, the better or preferred method is to short in the sequence of trade as price bounces in to resistance.

Either method is okay (the shorting in to resistance is better) and both need to be harnessed in discipline. Discipline to cut your position when you are wrong.

Knowing where / when you are wrong is key – close your position fast and take a small loss.

In the image below of the one minute model during recent sell off trade action you see the following;

  • First trade fell through the blue bullish buy trade signal (top left of screen burgundy arrow) signalling no intra-day reversal in play yet and you can continue in a short selling position.
  • Price of oil then fell through the yellow line support (pink arrow) which is used as support in a sell-off for your trade strategy. So if you did trim your short in to that yellow line support from your previous short you could now add some again (below the yellow line) and look toward the next yellow line as a possible support in the sequence.
  • Price then continued in the trade sequence right through the next blue line (bull buy line signal) and in to the next sell-off sequence support area (signalling time to trim and cover or close), shown with the down trending green arrow on chart.
  • Price then bounced at the yellow line (white arrow) and went straight to the resistance line (just under the previous short confirmation line) and was also a resistance test of the 20 MA (blue arrow) – this was an ideal area to short again. Knowing that you are wrong is if price did not stop there and continued up to breach the previous yellow support / resistance line (pink arrow).
  • Price then sold off again dropping two floors to the 57.30 s – it then over shot the support of the yellow line (which often signals a near term trend reversal). Whenever price over shoots a key resistance or support line during active trade be sure to use caution because this is often a near term reversal point.
  • The area circled in white is the consolidation area of trade (hitting all kind of trend lines) before confirming the reversal in trade intra-day in crude oil.
  • The red arrow shows a clear confirmation bull buy bounce at a buy trigger for uptrend and the yellow arrow shows price breach a bullish part of the sequence for further confirmation that an intra day reversal in price is now in play. Additionally all the moving averages have now been breached by price action.
daytraders, one min, oil, chart
One minute crude oil daytrading model for our traders to assess short and long positions and determine reversal areas.

Precise Support, Resistance and Decision Areas. When the price of oil sells off it drops violently but stops at the next algorithmic support (yellow lines) with near precision almost every time. The opposite is true when it is trading in an intra-day uptrend (the blue lines). When price is indecisive it will use the white trend lines more and also perhaps the other support and resistance lines on the chart model. You can see example of this in the chart above.

Various Decisions at Support in Trade. When the sell-off stops at support it then will possibly bounce testing a variety of resistance points, stall and trade near support or violently drop to the next support in the sell-off sequence.

Determining Trend-Reversal and/or Low of Day Price. At points in the sell-off there are then indications of a near term bottom or trend reversal that may develop.

Some clues for a near term bottom and possible intra-day price reversal include (as noted above) overshooting support with immediate buy programs kicking in sending price higher, inter trend bounces in price that may become higher and higher or price may predictably start firing off (or respecting) decision areas of the model or bullish support and resistance decisions within the model (this is also shown in the oil chart above).

Time of day and time cycle decisions become important (see below) as does order flow volume (and more specifically who is in the trade, the velocity of the volume, when the volume is coming in and where on the model the volume is).

There are other signals to watch for also when expecting that an intra-day low has been put in or a trend reversal in price has occurred (more in a near future post specific to this topic).

Sell-Off Trends, Bullish Trends, Indecision Areas of Trade. The structure in sell-offs intra-day, in bullish trends and during decisions is different. Each use their own area of support and resistance points of structure (as explained above).

Time of Day Considerations and Important Dates. When trading crude oil you need to know when the various global regular market exchange sessions start (how premarket and open price action typically affects the price of oil) and how these various markets affect price action.

For example, during early futures trading, very little machine trade is active. This causes machine trade predictability to be “sloppy” or “loose”. Conventional indicators should be weighted heavier until machine liquidity starts to increase (normally around 3 am Eastern time).

Holidays such as the US Memorial Day holiday is another example of low liquidity in the crude oil futures markets – machine trade and model precision can be less than optimum also.

Machine liquidity will however “kick-in” if there is a news event that causes considerable action in trade. Holidays can be very “loose” also and “slippage” within models is common.

The daily US crude oil settlement at 2:30 Eastern, Tuesday 4:30 crude oil API report, Wednesday API report are also important times of trade to understand. Volatility can be extreme during these events and unless you are sizing your trade minimally or are an expert you may want to close out well before and re-enter any intra-day trading after the event (swing trades and longer term trend trades may not have consideration toward these times of the week).

Regular premarket action and market open action is important if you are daytrading crude oil. Understanding how the regular market price action works, where important support and resistance areas are and where important time cycle decisions are on various time-frames becomes very important for a day trader.

In all scenarios, especially in active trade, the one minute model can be used to assess and deploy your trading strategy minute by minute.

Time Cycles. Time cycles are critical. There are time cycles on all time frames of trade. For example, on the 5 minute model you will notice as trade nears a time cycle peak (represented on the 5 minute chart as a vertical green line) that trade will usually more aggressively trend toward a support or resistance.

crude, oil, time cycles, daytrading, chart
Example of crude oil moving from time cycle to time cycle peak intra day on 5 minute trading chart, follow general trend.

On the 30 minute crude oil EPIC model the time cycles are highlighted as Tuesday 4:30 API, Wednesday 10:30 EIA Report and Friday 1:00 Est Rig Count.

In Part One of this report I highlighted the time cycle on the one minute chart (pointing out where two or more trendlines meet price) and you could see the result of that price target (or time cycle). A time cycle is a commonly used area of price target trade for the machine programming to use in probabilities of crude oil trade.

oil, trading, room, reversal, trade, signal, alert
Image (screen shot oil trading room) oil trade hit price target through resistance confirms uptrend trading signals

There are many, many examples of time cycles in trade (so many I cant include them all in this article). I will endeavor to continue sharing such information as time allows in the oil trading chat room on Discord (as I have for some time, reviewing previous signals and guidance in the chat room is wise for newer members). I will also continue to post what we learn about the time cycles as they apply to crude oil trade on the various models in future articles.

Members / clients can also review previous EPIC Oil Algorithm posts on our website by clicking on the blog section and then selecting the EPIC posts link.

Know When to Trade a Bounce at Support or Resistance. Knowing how to time your entry specific to probability of success is very important. For example, when trade is selling off you would watch each bounce very carefully. How many ticks was the bounce and is the range increasing? Is the volume / order flow increasing at each support? Is there evidence of a final take-out of stop orders? A final slam down of price under the support and a vicious reversal is a common reversal trade set up in crude oil.

Machine Price Targets. Knowing where (and why) the price targets are for machine trade is on each time frame can help with your trading strategy. Where two or meet price.

Moving Averages. We often cover in the live oil trading room how moving averages determine price action during trade each day. Moving averages affect trade action differently on different time frames and at different areas of each structure. Here also more articles coming. For now, the most important consideration is that moving averages should be considered in your trade strategy as support and resistance within the time frame you are trading. You should also be aware of moving average support and resistance on various time frames (more than just the time frame you are trading) so that you are aware of any critical decisions on the near term horizon when daytradingc crude oil.

Trade Sizing. Obviously trade sizing should be more considerable at range area support and resistance. You can leg in to these moves and typically find considerable profit for your annual returns in these areas of trade. Daytrading should find your sizing to be on the low side. I will be writing very detailed articles soon on this topic as we refine our machine trade software. I also intend to share some of this information live in the oil trading room on a regular basis near terms.

Sizing your daytrading orders should be small as I mentioned, however, if you get good at timing the reversals in trend this can allow you to size in to those intr-day trends. I highly encourage daytraders to focus on the reversals. I have written some posts on the topic but intend to focus on reversals and trade sizing in the very near term both in writing and in the main trading room (posting videos etc also).

Daily Trend Signals (Following the Trend Intra-Day).

Intra-day trend for daytraders in crude oil is critical to lock in (it is also for our machine trade coding).

We have recently (as I mentioned) finished coding the 18 models (which was the biggest part of the heavy lifting – we have the structured models designed, tested in real world and coded). Also critical was order flow, we have that done. Next critical are the “set-ups” so that a daytrader or the software then knows what set-up intra-day is in play.

More specifically (for this post) the intra day trend of trade signal is critical. Knowing where the reversals are likely to take place, when they have occurred (confirmation) or even where continuation is taking place and then being able to size in to that trend in a predictable yet low risk way is really, really important for an oil daytrader.

This specifically will be our near term focus for our members, enterprise clients and our software development “tweaks” as one of the primary main focus set ups to be coded. I can’t over-emphasize its importance to your ROI.

You will find our focus specific to this over the coming days in the trading room, on Discord and in articles I provide members.

Below is an image that provides a clear example from today’s trade action in crude oil futures (on the Memorial Day Holiday Monday). The price moved 100 points from 58.22 at 9:00 AM this morning to 59.22 at near 2:30 as of time of writing.

Our machine software did not fire on the trade for numerous reasons (even though the trend was clear, it was confirmed structure on the 30 min EPIC model, it was firing off the blue support and resistance on the one minute model etc).

The software primarily did not fire because the liquidity was not in trade today for the software to confirm the trade.

So this is a clear example of the importance of having the trade set-ups also programmed to the software and giving the set-ups appropriate weight in the code vs. model structure and order flow. This is also very important for the human daytrader executing manual trades.

You will find that most days, at important support and resistance areas of the primary models confirmed at important time of day of trade that a trend for an excellent intra-day trade within your daytrade strategy is not only possible, but we believe highly probable to execute on a high percentage of days.

Trend following intra-day will be (as I’ve said) a very very high focus point for us near term (and the subsequent sizing etc).

daytrading, trend, signals, strategy, crude oil
Daytrading range in crude oil on holiday 58.22 to 59.22 trending strategy signals.

In closing I’ll say that we’ve come a long way, it hasn’t been an easy grind up but we’re doing it one step at a time. I really appreciate you coming along with us on this journey.

If you have any other ideas or things you have learned in your own trading regarding this article please send me an email at [email protected] or shoot me a note if you have any questions etc. As I mentioned earlier in this post I will email the links for models independent of this article and the weekly EPIC reporting (in case you didn’t know) will be out Tuesday due to the Memorial Day Holiday to allow for the chart data to reset for the week before we run the chart models.

Have a great week traders!

Curt

 

Further Learning:

If you would like to learn more, click here and visit our Crude Oil Trading Academy page for complimentary oil trading knowledge – posts from our top crude oil traders that includes learning systems, blog posts and videos.

Welcome to NYMEX WTI Light Sweet Crude Oil Futures.

Subscribe to Oil Trading Platform:

Standalone Oil Algorithm Newsletter (Member Charting Updates Distributed Weekly).

Real-Time Oil Trading Alerts (Oil Trade Alerts via Private Twitter Feed and Discord Private Chat Room).

Oil Trading Room / Algorithm Newsletter / Alert Bundle (Weekly Newsletter, Trading Broadcast Room, Chat Room, Real-Time Trade Alerts).

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, Trading Room, Strategy, Signals, Shorting, Support, Resistance, Reversals, Trend Following, Trending, USOIL, WTI, CL_F, USO

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Day Trading Signals for Crude Oil Sell-Off Shorting & Bullish Reversal | 1 Minute Chart | Oil Trading Strategies

Curt MelonopolyCrude Oil Day Trading, Crude Oil Trade Signals, Crude Oil Trading Alerts, Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Room, Crude Oil Trading Strategy, , , , , , , , , , , , ,

Below You Will Find Proprietary Oil Trading Signals Not Available Elsewhere. 

When Crude Oil Starts Selling Off Intra-Day Volatility Increases Fast. Knowing Where and Having the Signals for Support and Resistance On The One Minute Chart Will Help Your Trading Strategy.

If you day-trade crude oil futures contracts (or if you are learning how to day trade crude oil) the chart models and signals below will help you understand the structure of trade on intra-day charting (like using a GPS or a map).

The trade signals provided below will increase your trading win rate and ROI on each trade (as you learn to trade the set-ups or strategies).

We can also help you with confirming that the trend is actually bearish (selling in downtrend) and when price is likely to reverse intra-day and oil trade is likely to turn bullish. 

This is part one of a two part post (part one is public and part two is premium member only).

How Oil Sells Off Intra-day on Stairs to Support Floors Down.

The structure of oil sell-offs is not the same as when oil trades up. When crude oil trade is bearish intra-day you will find that it has specific areas of support / floors (this is also true when price is bullish but the structure or steps of trade are different).

When oil is trading down the price will often quickly drop to the next support and will then hang around for sometime and possibly test resistance areas for a possible reversal. When the reversal doesn’t happen or work then price drops quickly to the next floor of support.

The price of oil drops quickly to support and then the bulls will try and trade price back up (along with a certain amount of the shorts covering short positions) for a snap back or price reversal trade. At each support you will find this process occurring.

The more support there is on the charting (on various chart time-frames) the more likely a snap-back trade will occur (price reverses intra-day). This is why we have algorithmic models and conventional charting for all time frames that we use in the oil trading room, in member reporting and coded in to our machine trading software.

The goal is to know where each support and resistance point is on the charting so that you can develop a trading strategy for intra day moves in oil price.  

When you know where the support and resistance is you can then day trade the price of oil with more perspective or clarity.

Before you can learn how to trade a financial instrument (such as crude oil futures contracts) it is important to know the structure of the instrument (as it applies to the charting on various time-frames).

Once you know the structure (the playing field or like I refer to it as a GPS or map) then you need to learn how to trade that specific structure (this is where your personal trading style and strategies come in to play).

Knowing where support and resistance is on the charting allows you to set stops properly, it also helps you with sizing the number of contracts you are trading (trimming and adding to your trade size) and more.

There are two reasons we know the chart structure in the trade of oil (every financial instrument has a structure – like your DNA or the rings on a tree).

One reason is that we construct algorithmic charting models and the other is that we are coding for machine trade of oil. Both reasons require us to back test our charting. It isn’t enough to chart conventional trend-lines (or whatever it is you are charting) and it isn’t enough to design an algorithmic chart model – the assumptions for consideration in trade, such as support and resistances areas, need to be back tested so that you have a quantifiable high probability of success.

You need to know that your assumptions provide highly probable set-ups (trade signals) to provide you a trading edge.

When we chart for the purpose of trading signals we first start with conventional charting (on all time frames) and then move to charting algorithmic models of highly probable areas of support and resistance of trade (visual representation of important structure points of the charting) and then we move to coding what we know to be most probable areas of support and resistance in trade. I should note for completeness that our models provide much more than support and resistance, there are other important trade signals such as time cycles, the structure of trade itself on various time-frames and much more.

We use the charting for crude oil on thirteen different time-frames (1 minute charting through to monthly charting), we chart it on conventional charts, work with algorithmic modelling and back test all the various indicators for up to 60 months (such as moving averages, VWAP, MACD, stochastic RSI and more).

When we back test our assumptions we are calculating the probability of that structure in trade re-occurring. When we find a structure with high probability of repeating then we model that structure and code it to our machine trade software.

In this specific area of day-trading (intra-day sell-offs and reversals) we can help you with what structure is in play on the one minute chart as oil sells off and what to watch for so that you know the sell-off is likely done and the price trend is about to change and turn bullish for price reversal.

Support And Resistance On The One Minute Oil Chart in Sell-Offs.

Specific to crude oil, sell-off support and resistance on the charting is VERY PREDICTABLE. You will find that the areas of support are very precise and price will step down in a very structured way on the chart – this is a near exact science.

Why is the trade of oil so precise on the one minute chart when oil sells off? The answer is very likely because the trade of oil is now mostly done by software programmed / coded for machine trade and this machine trade liquidity has caused very specific structures of trade to manifest.

Lets Look at Some Recent Crude Oil Trade From our Oil Trading Room.

Below is a screen shot from our oil trade chat room on Discord (which is not the same as the live broadcast oil trading room) of a comment and a chart of intra day trade in crude oil (this was posted at 1:03 PM last Thursday).

My comment in the trading room reads “perfect structured sell down out of support in to next buy trigger”. What this means is that crude oil sold off intra day, it lost its area of support (the yellow diagonal trend line on the one minute chart model) and then dropped perfectly to the next support decision line on the chart (yellow line again) and then price bounced to test resistance.

By the way, the crude oil trade alerts are both what you see below (the Discord private server screen images below) and alerted on a private member Twitter feed.

This structure (you see below) occurred over and over again daily this week during sell-offs. This is a very predictable structure for knowing where to short oil intra-day, where to trim (cover) size of your short position and where to possibly find support for a reversal trade in your intra-day trading strategy.

Click here for an article that explains what short selling is.

This is by far one of the most predictable signals available for day-trading crude oil you will find. It has one of the highest probabilities of success in oil trade model charting.

The key to success however is learning what the structure is (having the model at your disposal for when you trade) so that you can size your trades properly and set stop orders properly etc – learning how to use the signals for your strategy and knowing when trade is likely to stop selling off so that you can then begin planning for a trend reversal.

This is a very predictable structure for knowing where to short oil intra-day, where to trim (cover) size of your short position and where to possibly find support for a reversal trade in your intra-day trading strategy.

crude, oil, trading, room, chart
Crude oil trading chat room screen capture of day trade in oil selling off using support. #oil #tradingroom #daytrading

And then in the screen shot below from the oil trading room you will see on the next chart posted to the room that oil started to bounce (or trade up) from the support (or buy trigger signal) on the chart. I then asked our software developer Jeremy to note that the software did not trigger a long trade for our coding updates to be done later that night.

Look close at his answer / comment to my request, he knew why the software did not signal a trigger for a long trade (and also why there was no trade alert as such on our member feed to buy)… it was because the order flow program (our proprietary IDENT software) knew that the machine liquidity in the markets was not buying that support and that they were going to sell it off again.

the order flow program (our proprietary IDENT software) knew that the machine liquidity in the markets was not buying that support and that they were going to sell it off again.

oil, trading, day trading, traders, room
Screen shot of oil trading room, price of oil trying to reverse, day trading signals for our strategy and discussion between traders.

And sure enough, if you look at the next image below you see that they sold oil off again shorting it down to the next step in the sequence to the next support on the chart structure (next yellow line down representing next support in a sell off). Again, it was precise trade action.

they sold oil off again shorting it down to the next step in the sequence to the next support on the chart structure

crude, oil, short selling, daytrade, signal
Oil short sell signal for daytrading strategy on the algorithmic chart model for day traders.

Then you will notice that I alerted the oil trading room (at 1:12 PM Thursday) that the bulls are starting to buy at each support area of the one minute chart (in other words, be aware that a price reversal in intra-day trade could occur soon).

There were buy programs and/or day-traders starting to buy at supports that are not support areas for a continued sell-off, they are areas of support for either indecision (or a decision is needed) or support for trading bullish (or in an uptrend).

This is key – the fact that buys were coming in at bullish support areas or decision areas on the model (this is an early sign or signal of an imminent reversal). These lines are at the white diagonal (signals a decision area of charting) and the blue diagonal (signals bullish support) on the chart model.

Oil was trading at 57.44 on FX USOIL WTI at the time.

This is key – the fact that buys were coming in at bullish support areas or decision areas on the model (this is an early sign or signal of an imminent reversal).

trade signal, alert, reversal, oil trade room
Screen capture of oil trading room alert signalling for daytraders to watch for trend reversal in day trade action.

And then next trade in crude oil reversed with a bounce and was threatening a confirmation signal for trend reversal. I was explaining to our day traders in the room at the time (this screen shot is taken on the weekend so you don’t see who was in the oil trade room at the time in the image) what to watch for in intra-day trade action for a confirmation of trend reversal. In this example I highlighted an area of the chart model where machines are programmed for a price target.

In this example I highlighted an area of the chart model where machines are programmed for a price target.

trend reversal, bounce, trade, crude oil
And then next trade in crude oil reversed with a bounce and was threatening a confirmation signal for trend reversal.

And then in this image (screen shot from oil trading room) you see that trade hit the price target and got through resistance confirming more that the low of day in trade had been put in and that we were now alerting bias to uptrend trading signals going forward for oil trade on the day.

Note the low of day was in fact 57.33 and I has alerted at 57.44 that the bulls were starting to step in (during the extreme sell-off) at key bullish areas of the algorithm chart model – this is machine trade. Knowing what the large liquidity in machine trade is doing is key now when day trading crude oil. This is very important.

Note the low of day was in fact 57.33 and I has alerted at 57.44 that the bulls were starting to step in (during the extreme sell-off) at key bullish areas of the algorithm chart model.

oil, trading, room, reversal, trade, signal, alert
Image (screen shot oil trading room) oil trade hit price target through resistance confirms uptrend trading signals

Looking at the chart below you can see very clearly how precise the day trading signals are on the daytrading algorithmic crude oil model.

  • The green arrows show three shorting opportunities from yellow diagonal support / resistance to the next yellow diagonal support / resistance (like stairs stepping trade down in the model).
  • You will notice that the last stair down that trade over shot the yellow line a bit, this is a signal that an intra-day bottom is being put in.
  • You can also notice (from the charts shown above) that as buying came in at the decision support / resistance lines (white diagonal lines on chart model) and at the blue decision diagonal support / resistance lines that I alerted a possible trend reversal in trade.
  • Then you will notice (see chart below) that trade got through the yellow resistance after bouncing (yellow arrow on chart) – this is a bullish intra-day signal that a reversal is likely near.
  • And then next in trade you will see that trade bounced at the blue diagonal trend-line (blue arrow) when it pulled back from resistance, a bounce at a blue line is further confirmation that trade is now bullish intra-day. The blue lines are used as support and resistance in an intra-day uptrend.
  • And then the subsequent blue arrows on the chart show how trade breached in to the next bullish area, then pulled back and used the blue line as support (after confirming up after hitting a decision white line) for a bounce and then so on through the bullish trade reversal in the daytrading sequence.
  • Blue is for trading in uptrend, yellow is trading a sell off, white is a reference point for a decision to go up or down in trend on the model.
  • The trend-lines on this algorithm model are not conventional. The trend-lines are algorithmic calculations and therefore proprietary and not available elsewhere.

How powerful is that for an oil daytrader?

Knowing exactly where the support and resistance is during a sell-off and knowing with high probability where the turn is likely to happen for reversal in trade and then knowing exactly where to trade the uptrend.

daytrading, crude, oil, signals, algorithm
Algorithmic chart model for shorting oil, trading a reversal in oil and decision areas of daytrading signals.

Below is the video explanation that accompanies this post (live oil trading room footage included).

In part two (the premium member post) we will take a deeper look at strategies for trading the one minute model (such as trade sizing and seeing the reversals in advance) and I will provide chart links to the proprietary algorithmic models via email to our members.

Protected: Part 2. Deep Dive Day Trading Signals Crude Oil Sell-Off, Reversals, Trend Trade | 1 Min Strategies (Premium).

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 Updates Distributed Weekly).

Real-Time Oil Trading Alerts (Oil Trade Alerts via Private Twitter Feed and Discord Private Chat Room).

Oil Trading Room / Algorithm Newsletter / Alert Bundle (Weekly Newsletter, Trading Broadcast Room, Chat Room, Real-Time Trade Alerts).

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, Trade Alerts, Trading, Oil Trading Room, Strategy, Signals, Shorting, Support, Resistance, Reversals, USOIL, WTI, CL_F, USO

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Crude Oil Trading Strategies | Weekly Updates | Charts, Trades, Signals, Algorithms May 19 | Premium

Curt MelonopolyCrude Oil Day Trading, Crude Oil Trade Signals, Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Strategy, , , , , , , , , ,

Crude Oil Trade Strategy Updates Week of May 19, 2019.

Signals for CL Day Trading, Trend and Swing Trading. Intra-Day, Daily, Weekly, Monthly Time-Frames.

The charts, algorithm models, signals, price targets and guidance included below are suitable for mechanically executed trading and are also the models our coding staff reference for our crude oil machine trade development.

With each chart model we may include trade strategy notes for your consideration.

For perspective review historical reporting on our blog and the various videos we have published to our YouTube channel.

Much of the structured model discipline used is similar in concept as discussed in this video; Mathematician Who Cracked Wall Street.

Crude oil price moves within structured areas (ranges) of charting on various time frames (different time cycles in trade). The structure oil price moves within (the range) can be one minute charting timing through to monthly charting. Time-frame set-ups / strategies are charted as conventional chart set-ups and/ or algorithmic chart set-ups (structures). Understanding and having each time frame at your immediate access (both conventional and algorithmic) will increase the probability of profitable trading.

Sizing your trades appropriate to your trading account and time frame for each set-up is additionally positive strategy.

Using the correct chart time-frame specific to your trading strategy is critical. Generally, the lower (smaller) the time frame the less predictable the support and resistance areas of the chart will be. However, the larger time-frames (monthly, weekly, daily) can also have significant “slippage”.

Generally, the idea is to enter your positions based on the structure for the specific time frame you are wanting to trade referencing the other time frame support and resistance or range within the trend. The basic method is to understand the range of trade and execute trade long bias when price is near support for the appropriate time frame / structure and the opposite is true for short trades.

Our staff use the thirty minute model structures (range within trends) most often for primary areas of support and resistance trading signals referencing all other time-frames in their trading strategy.

Positioning should be significantly biased to the trending range of trade. For more information about trend identification for trading various time-frames refer to this article on Investopedia; Multiple Time Frames Can Multiply Returns.

If you have questions about the models below please email us at [email protected].

Not all charts are updated every week and some concept or test charts are added or deleted on occasion.

Please note, the chart links are now distributed specific to each user or small group of users. If you are using more than one device to access the charting, to avoid disruption of service, please email us a simple / general description of those devices to assist in controlling dissemination.

EPIC Crude Oil Algorithm Model. 30 Minute Oil Chart Structure.

The EPIC algorithm model chart below is a proprietary structure that has been back tested sixty months on thirteen time-frames. The model represents the most probable areas of support and resistance in oil trade within this specific time-frame.

The levels noted on the EPIC model are to be used as important areas of consideration for support and resistance (trade signals) for your trading strategy when using conventional charting set-ups / structures and/or other algorithmic charting.

Resistance and support areas on the thirty minute charting oil trade structure are at each line on the algorithmic chart. The primary areas of support and resistance are;

  • Outer quadrant walls / also used as channel support and resistance (orange dotted diagonal lines), the half way point between each is often an executable buy or sell trigger in trade (not shown on model below),
  • Mid channel line for uptrend and down trend (white dotted diagonal),
  • Mid quad horizontal (not marked but is at the mid point of the quad),
  • Fibonacci levels (various horizontal colored lines),
  • Historical areas of support and resistance (purple horizontal).
  • The intra-week swing trading range is from thick horizontal gray line to the next (commonly becomes a pivot area of trade).
  • Also of note are the price targets for Tuesday 4:30 PM (API), Wednesday 10:30 AM (EIA) and Friday 1:00 PM (Rig Count). The Tuesday and Wednesday targets hit significantly more often than the Friday target (red circles with red or green vertical dotted lines intersecting).
  • At times other indicators are added to the chart such as trend lines and moving averages.

The video at this link explains How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, #OIL, #Trading, #Algorithm, #OOTT as does this video Oil Trading Room – How to Use EPIC the Oil Algorithm Model Chart June 21 #OIL #OOTT and this Webinar 1: EPIC the Oil Algorithm.

When conventional crude oil charting coincides (or agrees) with the EPIC algorithmic model support and resistance this is then considered a significant buy or sell trigger (signal) for crude oil trade.

Remember to be aware of (at minimum) the primary support and resistance areas on the larger time-frames (lower time frames are not as critical) – in this instance (when trading the 30 min time frame) the 1 hour, 4 hour, daily, weekly and monthly charting should be considered when sizing your trades etc.

EPIC 30 Min Crude Oil Trading Algorithm Model May 18 1013 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

May 19 – White trend lines have been added this week for top of recent trade range on watch. Also, in preparation for a possible turn down in range or a break – out above the trend line we have added the moving averages to the charting.

It goes without saying that we are watching the resistance trendline above (white line on algorithm model) and a break down possible under corresponding to price resistance at moving average resistance tests as price bounces and tests each moving average.

https://www.tradingview.com/chart/USOIL/ibaXX4tR-EPIC-30-Min-Crude-Oil-Trading-Algorithm-Model-May-18-1013-PM-FX/

EPIC, crude, oil, algorithm, trading
EPIC 30 Min Crude Oil Trading Algorithm Model May 18 1013 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

EPIC 30 Min Crude Oil Trading Algorithm Model (wide view) May 18 1006 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

May 19 – A wider view is provided in the link and image below.

https://www.tradingview.com/chart/USOIL/WZAX4VrN-EPIC-30-Min-Crude-Oil-Trading-Algorithm-Model-wide-view-May-18/

oil, algorithm, pan view
EPIC 30 Min Crude Oil Trading Algorithm Model (wide view) May 18 1006 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Per recent;

EPIC 30 Min Crude Oil Trading Algorithm Model May 5 423 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

May 5 – After a sell-off last week crude oil trade held the quadrant in chart image below, the mid channel line is the current support / pivot to pay attention to in near term trade.

https://www.tradingview.com/chart/USOIL/DsvzrmXM-EPIC-30-Min-Crude-Oil-Trading-Algorithm-Model-May-5-423-PM-FX-US/

EPIC, crude, oil, algorithm, trading
EPIC 30 Min Crude Oil Trading Algorithm Model May 5 423 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Crude Oil 30 Minute Alternate Chart Models.

30 Min Alternate Trend Lines Crude Oil Trading Model 1229 PM May 19 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/MVEzFhMX-30-Min-Alternate-Trend-Lines-Crude-Oil-Trading-Model-1229-PM-May/

alternate,, crude, oil, model, trend lines
30 Min Alternate Trend Lines Crude Oil Trading Model 1229 PM May 19 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

30 Min Alternate Trend Lines Crude Oil Trading Model 1057 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/qCOdQQeA-30-Min-Alternate-Trend-Lines-Crude-Oil-Trading-Model-1057-PM-May/

30 min, crude, oil, chart
30 Min Alternate Trend Lines Crude Oil Trading Model 1057 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

One Minute Oil Trading Model. Ideal for Intra-day Crude Oil Trade.

The one minute oil trading model provides for pinpoint trade entry, sizing and exit points for daytrading oil. It is also used for squeeze scenarios in oil day trading. The main range is between the red / blue areas with thicker dotted white lines. The range is considerably more predictable in a squeeze scenario.

Per recent;

One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/nDjB9hSd-One-Min-Crude-Oil-Trading-Model-day-trade-April-20-1120-PM-FX/

daytrading, crude, oil, chart
One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Crude Oil Trade Setup Strategy When 20 MA Crosses up 200 MA with Price Above on One Minute Chart.

42 tick move when the 20 MA crossed up through 200 MA with price above on the one minute oil chart. There was some chop after price initially moved above 200 MA with 20 MA so you have to be prepared for this scenario. Often day traders will wait for price to get above the 200 MA and over the next level (the next Fib, the next MA or VWAP or previous / recent high in progression).

day trading, one minute, oil, chart
Crude Oil Trade Setup Strategy When 20 MA Crosses up 200 MA with Price Above on One Minute Chart

Crude Oil Trade Setup Short Strategy When 20 MA Crosses Down 200 MA with Price Below on One Minute Chart.

38 tick move when the 20 MA crossed down through 200 MA with price below on the one minute oil chart. There were a few pops up over 200 MA with price after initially coming under 200 MA so you have to consider that, quite often traders will wait for the confirmation when the 200 MA test fails to upside (which happened in the example below when the 50 MA then crossed down the 200 MA with price under).

Short, trade, strategy, one minute chart, oil
Crude Oil Trade Setup Short Strategy When 20 MA Crosses Down 200 MA with Price Below on One Minute Chart.

Choppy intra day trade in crude oil on one minute chart. Wait for confirmation signals.

The example one minute oil chart below provides charting for choppy intra-day scenario. This is an example of why waiting for confirmation signals is prudent. Also note that this choppy intra-day trade was early in the evening in early futures trade, typically not the best time of day to trade crude oil. 3:00 AM to 3:00 PM Eastern Time is best for trading oil.

Also consider the trend line support and resistance and moving averages on both the 30 minute algorithm chart model and the conventional 30 minute oil charting.

daytrading, choppy, trade, oil
Choppy intra day trade in crude oil on one minute chart. Wait for confirmation signals.

5 Minute Crude Oil Chart Model.

The five minute oil trading strategy chart below includes a Elliot impulse 5 wave component for when oil is trading intra-day on this time frame. The horizontal / diagonal / sloping up-trending green lines can be used as support and resistance decision areas.

5 Min Crude Oil Trading Algorithm Model May 19 953 AM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

https://www.tradingview.com/chart/USOIL/XYFvTCzM-5-Min-Crude-Oil-Trading-Algorithm-Model-May-19-953-AM-FX-USOIL-W/

5 min, crude, oil, chart
5 Min Crude Oil Trading Algorithm Model May 19 953 AM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Per recent;

5 Min Crude Oil Trade Model 1116 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/QcUE41kU-5-Min-Crude-Oil-Trade-Model-1116-PM-May-5-FX-USOIL-WTI-USO-CL/

5 min, crude, oil, chart
5 Min Crude Oil Trade Model 1116 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

15 Minute Crude Oil Trading Structure. 

Crude oil range of trade May 19 927 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/e2Us19Re-Crude-oil-range-of-trade-May-19-927-AM-FX-USOIL-WTI-USO-CL-F/

range of trade, crude, oil, chart
Crude oil range of trade May 19 927 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Crude oil trendlines on watch May 19 1026 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/4qf66sz1-Crude-oil-trendlines-on-watch-May-19-1026-AM-FX-USOIL-WTI-USO/

crude, oil, 15 min, trend lines
Crude oil trendlines on watch May 19 1026 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Simple 15 min crude oil structured chart model April 28 1112 PM FX USOIL WTI CL_F USO

https://www.tradingview.com/chart/USOIL/KUYMAJgq-Simple-15-min-crude-oil-structured-chart-model-May-5-1125-PM-FX/

15 min, crude, oil, chart
Simple 15 min crude oil structured chart model May 5 1125 PM FX USOIL WTI CL_F USO

60 Minute Oil Charting.

60 Min Trend Channel Trade Box Fork (concept chart) May 29 1:10 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/zvQ2QZmJ-60-Min-Trend-Channel-Trade-Box-Fork-concept-chart-May-29-1-10/

60 min, crude, oil, trend, fork, chart
https://www.tradingview.com/chart/USOIL/zvQ2QZmJ-60-Min-Trend-Channel-Trade-Box-Fork-concept-chart-May-29-1-10/

Per recent;

60 Min Crude Oil (concept chart) 1146 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/9tiNBhw3-60-Min-Crude-Oil-concept-chart-1146-PM-May-5-FX-USOIL-WTI-USO/

60 Min, crude,oil, chart
60 Min Crude Oil (concept chart) 1146 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

60 Min Trend Channel Trade Box Fork (concept chart) 1117 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/zMNSt06B-60-Min-Trend-Channel-Trade-Box-Fork-concept-chart-1117-PM-Apri/

60 Min, Crude, oil, channel, chart
60 Min Trend Channel Trade Box Fork (concept chart) 1117 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

60 minute simple crude oil trend-line, trending channel chart.

https://www.tradingview.com/chart/USOIL/wQwHY8Q5-60-minute-simple-crude-oil-trendline-trending-channel-chart/

60 min, oil, chart, trending, channel
60 minute simple crude oil trendline, trending channel chart.

4 Hour Trending Channel Chart.

4 Hour Oil Trending Channel Chart with Trading Boxes Moving Averages 123 PM May 19 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/OryQDlVj-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Boxes-Moving-Aver/

4 hr, crude, oil, chart, trending channel
https://www.tradingview.com/chart/USOIL/OryQDlVj-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Boxes-Moving-Aver/

Per recent;

4 Hour Oil Trending Channel Chart with Trading Box and Fibs 1159 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/12BCBBzS-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Box-1159-PM-May-5/

4 hr, trendline, crude, oil , chart
4 Hour Oil Trending Channel Chart with Trading Box 1159 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

4 Hour Oil Trending Channel Chart with Trading Box and Fibs 1121 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/fKZ1lWMu-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Box-1121-PM-April/

4 hour, trending, channel, oil , chart
https://www.tradingview.com/chart/USOIL/fKZ1lWMu-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Box-1121-PM-April/

4 Hour Symmetry Chart Model.

4 Hour Symmetry Chart, Needs to be Cleaned Up May 19 134 PM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/CjULpMlK-4-Hour-Symmetry-Chart-Needs-to-be-Cleaned-Up-May-19-134-PM-FX-U/

4 hr, crude, oil, symmetry , chart
4 Hour Symmetry Chart, Needs to be Cleaned Up May 19 134 PM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

4 Hour Symmetry Chart, Symmetry divergence, watching only 1236 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/18tCeP6g-4-Hour-Symmetry-Chart-Symmetry-divergence-watching-only-1236-A/

4 hour, symmetry, crude, oil, chart
4 Hour Symmetry Chart, Symmetry divergence, watching only 1236 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

April 28, 2019 – In recent trade the 4 hour symmetry price targets in oil trade have been divergent to the bullish side. At this point we are watching for a new symmetrical pattern to develop or the previous to re-continue.

See previous link below.

Per recent;

4 Hour Symmetry Chart, Previous Resistance Now Support 1220 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/Q5bMztVz-4-Hour-Symmetry-Chart-Previous-Resistance-Now-Support-1220-AM-A/

4 hour, oil symmetry, chart
4 Hour Symmetry Chart, Previous Resistance Now Support 1220 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Trade in crude oil has recently jumped up over the channel resistance and now trades above the channel top (now support).

https://www.tradingview.com/chart/WTICOUSD/h6IcZDg3-4-Hour-Symmetry-Crude-Oil-Trading-Model-146-AM-April-17-FX-USOIL/

oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 146 AM April 17 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Crude oil has been trading in the channel on this algorithmic model since an 7, 2019. The white dotted lines at the top and bottom of this structure are support and resistance in the trending channel. The targets are historical hits.

https://www.tradingview.com/chart/WTICOUSD/In9ecRYl-4-Hour-Symmetry-Crude-Oil-Trading-Model-546-PM-April-7-FX-USOIL/

4 hour, crude, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 546 PM April 7 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

The white targets are showing a possible divergence to trade either up or down in to either of the white targets in this time cycle.

https://www.tradingview.com/chart/WTICOUSD/Z6GiJd5a-4-Hour-Symmetry-Crude-Oil-Trading-Model-1118-PM-Mar-31-FX-USOIL/

4 hour, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 1118 PM Mar 31 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

4 Hour Oil Concept Trading Model.

The 4 hour crude oil concept model below has trend-lines, Fibonacci support and resistance horizontal lines (pay close attention to the gray horizontal lines) and diagonal algorithmic Fib trend lines (orange dotted).

4 Hour Concept Crude Oil Trading Model May 19 154 PM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies.

https://www.tradingview.com/chart/WTICOUSD/NsZhL9MR-4-Hour-Concept-Crude-Oil-Trading-Model-May-19-154-PM-FX-USOIL-WT/

4 hr, concept, chart, crude, oil
4 Hour Concept Crude Oil Trading Model May 19 154 PM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies.

Per recent;

4 Hour Concept Crude Oil Trading Model May 6 1216 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies.

https://www.tradingview.com/chart/WTICOUSD/UIK74UEj-4-Hour-Concept-Crude-Oil-Trading-Model-May-6-1216-AM-FX-USOIL-WT/

4 hr, crude , oil, chart
4 Hour Concept Crude Oil Trading Model May 6 1216 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Daily Chart Trading Model.

The daily time frame provides a larger structure to consider. The diagonal Fib lines are important as are the mid quad horizontal lines. The moving averages (especially the 200 MA) should be considered in your trade strategy. The MACD is a common indicator on the daily oil chart for forward positioning and trend bias.

Per recent;

Daily Crude Oil, MACD turned down, first price target ext lower met 1249 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ZV34H2MD-Daily-Crude-Oil-MACD-turned-down-first-price-target-ext-lower/

Daily, crude, oil, chart
Daily Crude Oil, MACD turned down, first price target ext lower met 1249 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

April 28, 2019 Trading Strategy / Set-Up Based on Symmetry in the Trend on the Daily Chart.

A sell off in exact place in structure of daily chart model did occur once previous in this trend (see two circled areas on daily chart below).

The two instances of selling pressure in the bullish daily trend in oil trade happens to be a perfect symmetrical measured extension in the progression.

IF crude oil trades up the same measured extension as the low to the first sell off in the symmetry, this would imply a high in this trend for crude oil on FX USOIL WTI to approximately 69.00 – if symmetry continues.

Before a pull back, or about 600 ticks from where oil is currently trading at 62.96.

See chart below;

Daily Crude Oil Chart with Symmetry of Previous Sell Off and Price Target of 69.00 if Symmetry Continues 1154 PM April 28 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/jATfXaXD-Daily-Crude-Oil-Chart-with-Symmetry-of-Previous-Sell-Off-and-Pri/

Oil, Chart, Daily, Symmetry
https://www.tradingview.com/chart/USOIL/jATfXaXD-Daily-Crude-Oil-Chart-with-Symmetry-of-Previous-Sell-Off-and-Pri/

Daily Crude Oil Chart Golden Cross 200 PM May 19 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/YQqAuPhh-Daily-Crude-Oil-Chart-Golden-Cross-200-PM-May-19-FX-USOIL-WTI-U/

daily, crude, oil, chart, golden cross
https://www.tradingview.com/chart/USOIL/YQqAuPhh-Daily-Crude-Oil-Chart-Golden-Cross-200-PM-May-19-FX-USOIL-WTI-U/

Pre recent;

Daily Crude Oil Chart Golden Cross Set Up Still In Play Despite Sell Off 1255 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/yCiGcZBL-Daily-Crude-Oil-Chart-Golden-Cross-Set-Up-Still-In-Play-Despite/

daily, crude, oil, chart, golden cross
Daily Crude Oil Chart Golden Cross Set Up Still In Play Despite Sell Off 1255 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Weekly Oil Trading Model.

Weekly crude oil chart perspective May 19 1036 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/VvOHyD82-Weekly-crude-oil-chart-perspective-May-19-1036-AM-FX-USOIL-WTI/

weekly, oil, chart, perspective
Weekly crude oil chart perspective May 19 1036 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

The most important signals on the weekly chart model are the red historical trend lines. Pay very close attention to them. There are other common indicators included on the model also.

Per recent;

Weekly Trendline Crude Oil Trading Model May 6 118 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

May 6 – price nearing an important trend line support (red line on chart below).

https://www.tradingview.com/chart/USOIL/hCwxU92o-Weekly-Trendline-Crude-Oil-Trading-Model-May-6-118-AM-FX-USOIL-W/

Weekly, crude, oil, chart, trend lines
Weekly Trendline Crude Oil Trading Model May 6 118 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Weekly Trendline Crude Oil Trading Model April 29 1203 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/u0HrK9TA-Weekly-Trendline-Crude-Oil-Trading-Model-April-29-1203-AM-FX-USO/

Crude, oil, weekly
Weekly Trendline Crude Oil Trading Model April 29 1203 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Oil Time Cycle comes in June 10, can it reverse prior FX USOIL $WTI $CL_F $UWT $DWT #timecycles #Oil #OOTT

https://www.tradingview.com/chart/USOIL/LBLJTba7-Oil-Time-Cycle-comes-in-June-10-can-it-reverse-prior-See-notes/

Crude, oil, time cycle, chart, model
Oil Time Cycle comes in June 10, can it reverse prior FX USOIL $WTI $CL_F $UWT $DWT #timecycles #Oil #OOTT

There is a potential price target of 74s in to early June on this Weekly Oil Chart Model on FX USOIL. Trading 62.95 intra-day.

https://www.tradingview.com/chart/USOIL/WulSA08l-There-is-a-potential-price-target-of-74s-in-to-early-June-on-thi/

crude, oil, weekly, chart, model
The is a potential price target of 74s in to early June on this Weekly Oil Chart Model.

Monthly Oil Trading Model.

Monthly Structure Crude Oil Trading Model 209 PM May19 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ih0o30Tj-Monthly-Structure-Crude-Oil-Trading-Model-209-PM-May-19-FX-USOIL/

monthly, oil, chart
https://www.tradingview.com/chart/USOIL/ih0o30Tj-Monthly-Structure-Crude-Oil-Trading-Model-209-PM-May-19-FX-USOIL/

Per recent;

Monthly Structure Crude Oil Trading Model 126 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Weekly trend line resistance area holding so far.

https://www.tradingview.com/chart/USOIL/19KquYtJ-Monthly-Structure-Crude-Oil-Trading-Model-126-AM-May-6-FX-USOIL/

monthly, crude, oil, chart, structure
Monthly Structure Crude Oil Trading Model 126 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/sttZx83M-Monthly-200-MA-Crude-Oil-Trading-Chart-April-8-1247-AM-FX-USOIL/

monthly, oil , chart
Monthly 200 MA Crude Oil Trading Chart April 8 1247 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

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, Futures, Strategy, Signals, USOIL, WTI, CL_F, USO

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Day Trading Crude Oil – Regular USA Market Open Momentum | Oil Trading Strategies | Part 1

Curt MelonopolyCrude Oil Day Trading, Crude Oil Trading Strategy, General Complimentary Newsletters, , , , , ,

Mastering Crude Oil Intra-Day Moves – The Regular USA Market Open Provides Significant Range of Trade and Opportunity for Profitable Day Trades.

This in depth article series looks closer at trade strategies oil traders can use to gain an edge. We are currently coding these specific set-ups to our machine trading software.

Mechanical (human) traders can also learn from this process and use the methods in day trading, trend following and swing trade planning.

We hope to produce one article per week in this series.

Article Structure (Part 1, 2, 3…).

Each article will cover a specific oil trading strategy (set-up) and will include at least 3 parts.

  • Part 1 – Public facing unlocked post that outlines the general trade set-up and generally how the set-up can be traded (in most instances this will include some conventional charting, the chart links for live chart sharing are included in Part 2).
  • Part 2 – Premium member post (locked) that will explain in detail the technical set-up on conventional and algorithmic chart models and how to specifically execute each trade to gain an edge (timing each trade entry, sizing, trimming and adding to positions, technical indicators and more). We will also look at the week to come and how to plan your trading.
  • Part 3 – Each trading strategy will include at least one follow-up article to review real world trading examples from our live oil trading room (live video examples with voice broadcast from our lead trader, chat room logs, live alert screen shots, order sizing, profit and loss and more).

Specifically in this article we look closely at the regular USA equity market open and how to day trade momentum during this important time in crude oil trade.

A List of Common Strategies Used to Day-Trade Crude Oil (Point Form).

There are a number of ways (strategies, methods) a trader can use and refine to gain an edge when trading crude oil. Some examples include and are not limited to;

  • Trend Following / Swing Trading within trending price of oil on various charting time-frames within trading channels. For example, the price of oil has followed a channel on larger time frames (4 hour, daily, weekly etc) since December 24, 2018. The price of oil followed the channel from lows of 42.44 on December 24, 2018 to highs of 66.64 on April 23, 2019 (charted on FX USOIL WTI below). On Friday oil closed 61.69 to end the week. Price has been consolidating / moving sideways over the last week.
  • Price Range Trading. Be prepared to take long trades near oil chart time-frame lows and shorting near the price range highs.
  • Price Reversal Trades (Snap-Back Trades). Crude Oil Intra-Day Sell-offs offer a great opportunity for a reversal day trade long (with significant opportunity for gains intra-day, as do intra-day tops in price). The key is knowing how to trade this set-up.
  • Technical Chart Trading – Conventional and Algorithmic Models. This may include trading Fibonacci levels, VWAP, MACD, Stochastic, Candle Stick Patterns, structured Algorithmic Models and much more.
  • Day Trading Time-of-Day Trend Inflections during market event timing such as when regular equity markets open around the world. Specifically in this article we look at the USA regular equity day market open. There are other examples such as other global market openings, EIA at 10:30 AM Eastern on Wednesday (the crude oil inventory report), API report at 4:30 PM Tuesday, daily 2:30 EST settlement, 6:00 PM futures open and more.

    • crude, oil, sell off, market open, trade
      Tues May 7 crude oil price sells off at regular market open over 80 points to reverse more than 100 points intraday.
  • There are many other examples such as; inventory levels, summer driving season, tanker movement, Geo Political events, market sentiment and more.

Example – Day Trading the Regular Market Open Momentum Strategy. Lets Start with Reviewing Oil Trade From Last Week.

On Monday May 6 (to start the week) crude oil market open momentum set-up sees crude oil trade from 61.24 at 9:27 AM – 61.90 at 10:17 AM, a progressive increase in price from overnight futures session after a late week sell off the week prior. A 66 tick early day move in price.

The opportunity was a 66 tick move on a long side trade at open and then the retrace was as big of a move and then price ran after that through the rest of the regular trading session.

Just the open momentum trade and retrace (lasting just over an hour) was an opportunity for over 100 ticks. That’s a serious opportunity, and it isn’t unusual. In real dollar terms with one contract in CL that equates to a 1,000.00 USD (approximate) gain at market open (if you can learn to trade it predictably).

The one minute oil chart below shows the trade action at market open.

daytrading, crude, oil, strategy, market open
Monday May 6 to start the week crude oil market open momentum has crude oil trade 61.24 – 61.90.

Monday morning was a long trade until 10:17 AM, the momentum started right before open at 9:27 AM, it was (in general on an intra-day time-frame) a follow-through momentum trade from overnight futures the night prior. Sunday night trade melted up after a sell-off late the week prior.

The overnight trend trade strategy will be dealt with in detail in a near future post. For now, the main takeaway here is to follow the intra-day trend until it breaks (generally speaking your bias should be toward trend).

In this instance, price then (after the overnight move and the market open move) went on to trend up through the regular day session for significant gains.

market open, trade, strategy, trend
Monday morning was long crude oil trade follow-through momentum from futures the night before.

How to Trade It – Indications to Confirm Trading Crude Oil Long at Regular Session Open.

Lets look at some conventional charting indicators and then in the follow up Part 2 of this article we will take a close look at our algorithmic model indications that can help confirm direction of trade, sizing, range and more.

  1. Trade In Direction of Intra-day Trend. As above, intra-day trend was for a long bias in oil trade in to open.
  2. Chart Indicators. Conventional chart indicators for day-trading crude oil – Stochastic RSI, MACD, SQZ MOM, Volume, Momentum, Moving Averages, Candle Stick Patterns etc. The one minute chart provides perspective / confirmation of how difficult it is to day trade crude oil with only conventional indicators and conventional charting. The indicators and charting can help, but the indicators (such as Stochastic RSI, MACD, SQZ MOM) can also hinder bias. You’ll notice the selling retrace prior to open that started around 7:00 AM that the Stochastic, MACD and SQZ MOM all confirmed properly that price was selling off (albeit they are trailing indicators) but when price started to trade up they were at best indecisive. And when the regular market open came and price continued to trade up the SQZMOM was turning down, the MACD was indecisive and the Stochastic RSI moved up. Bottom line, it is not easy to use these simple charting indicators. Volume came in progressively in to open – that was a bullish signal and price was upside of all the moving averages (a positive sign for a short term bullish bias in a momentum scenario). All-in-all bias should have been to the long side, but it was no easy trade. Structured charting (conventional and algorithmic) provides a better road map with detailed support and resistance levels so that you can direct your trade accordingly. You can weigh important support and resistance against intra-day trade, sizing and various other decisions. Also of note, the candle sticks did provide some clue, like the long wick prior to selling, the double bottom and top candlesticks and so on. But they only provide clues and should carry little weight on a one minute time-frame.
  3. The Psychology of Round Numbers and Time of Day Trading. When price turned down at around 7:40 AM (nearing that time of day when traders start looking toward the US regular market open) oil was trading at 61.62 (which is just north of 61.50 and doesn’t provide for optimum range at open), optimum range is a full 100 ticks, 40 ticks isn’t consider a great open range and 50 ticks isn’t ideal so “lets sell off to 61.00 for a move to 62.00” is the general mentality of the mass. Yes, it can be this simple. Simple, yet difficult to execute. Then as 9:00 AM nears the price is now nearing 61.00 as it slowly sells down (trading at 61.09) and like magic you get two solid candles and the sell down stops. Trade then struggled with the 200 MA and also as it neared the previous premarket highs as the regular market open neared and then at regular session open price and volume drove the price of oil from 61.41 to 61.89. 61.89 is nearing 62.00 and selling pressure starts. Then price sells off and returns to the session open range once again. This is not an easy premarket, run in to regular market open, market open momentum and topping trade. Experts can trade it (especially with sophisticated models), but not easy even for an expert.

    conventional, crude, oil, daytrading, chart, market open
    Conventional chart indicators for daytrading crude oil, Stochastic, MACD, SQZ MOM, volume, moving averages, candle sticks etc.
  4. Sentiment. After a brief pull back, crude oil then trades from 61.40 – 62.90 on short term geo political and market sentiment. 150 tick move.

    crude oil, daytrading, sentiment
    After a brief pull back, crude oil then trades from 61.40 – 62.90 on trade war sentiment and optimism. 150 tick move.
  5. Range of Trade. Be aware of the near term historical range of trade. You can see on the 30 min chart below that crude oil trade found support at a key horizontal historical support and diagonal trend-line. and ran to a key price range resistance.The chart used is derived from the long term trend line chart shown below this one.

    crude, oil, trading, range
    Crude oil trade found support at a key horizontal historical support and diagonal trend-line. and ran to a key price range resistance.
  6. Trading Price Channels. Below is the long term chart trending channel that has been consistently trading since Dec 24, 2017 and more recently come under pressure.
    crude oil, channel, trend, swing trade
    Swing trading channel trends, price of oil has followed a channel since December 24, 2018. FX USOIL WTI CL_F USO UWT DWT

    Another example is this simple 15 minute channel trend chart. This 15 min oil chart shows the move in Monday trade from the channel support to just over channel resistance.

    crude, oil, channel, chart, trading
    This 15 min oil chart shows the move in Monday trade from the channel support to just over channel resistance.
  7. Chart Structures. All of the various charting provides trading structure clues for range of trade to weigh trade risk sizing against various support and resistance. In Part 2 of this article we look at the algorithmic chart models and other conventional charting for last week and the week to come.

Conclusion.

Having a good handle on the charting for the specific time-frame you are trading is important. Conventional and algorithmic charting can be used. Also having a good understanding of market sentiment, general trade trend direction, market timing and more can help you win.

In Part 2 we dive deeper in to how to day-trade the regular session market open momentum. It will be sent to premium Oil trading bundle and stand alone newsletter members before regular session open Monday morning!

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, Futures, Strategy, Signals, USOIL, WTI, CL_F, USO, Market Open, Momentum

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Crude Oil Trading Strategies | Weekly Updates | Charts, Trades, Signals, Algorithms May 6 | Premium

Curt MelonopolyCrude Oil Trade Signals, Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Strategy, , , , , , , , , ,

Weekly Crude Oil Trading Updates for the week of May 5, 2019 to be used as signals for trading strategies (day trading, intra-day swing trading or swing trading weekly and monthly time frames).

The charts, algorithm models and guidance are suitable for mechanically executed trading and are also the models our coding staff are using for our crude oil machine trade.

With each chart model there are trade strategy notes included for consideration.

For clarity, please review historical reporting on our blog and videos on YouTube for your study.

Much of the structured model discipline used is similar to concepts discussed in this video; Mathematician Who Cracked Wall Street.

Crude oil price moves within structured areas (or the range) of charting on various time frames at different times in trade. The structure oil price moves within (the range) can be one minute charting timing through to monthly charting time-frames and can be conventional charting set-ups or algorithmic chart set-ups (structures). Understanding and having each time frame at your disposal for both conventional and algorithmic charting will go a long way to increasing your probability of profitable trading.

Sizing your trades appropriate to your trading account and time frame for each set-up is also sound strategy.

Using the correct charting time-frame specifically for your trading strategy is critical. Generally, the lower (smaller) the time frame the less predictable the support and resistance areas of the charting will be. However, the larger time-frames (monthly, weekly, daily) can also have significant “slippage”.

Generally, the idea is to enter your positions based on the structure for the specific time frame you are wanting to trade referencing the other time frame support and resistance or range within the trend. The basic method is to understand the range of trade and execute trade long bias when price is near support for the appropriate time frame / structure and the opposite is true for short trades.

Our staff use the thirty minute model structures (range within trends) most often for primary areas of support and resistance trading signals referencing all other time-frames in their trading strategy.

Positioning should be significantly biased to the trending range of trade. For more information about trend identification for trading various time-frames refer to this article on Investopedia; Multiple Time Frames Can Multiply Returns.

If you have any questions about the models below please email us at [email protected].

Not all charts are updated every week and some concept or test charts are added or deleted on occasion.

Please note, the chart links are now distributed specific to each user or small group of users. If you are using more than one device to access the charting, to avoid disruption of service, please email us a simple / general description of those devices to assist in controlling dissemination.

EPIC Crude Oil Algorithm Model. 30 Minute Oil Chart Structure.

May 5 – Important note: Due to the Good Friday market holiday, the EPIC model divergence will be minimal but continue in to end of week (albeit nominal). This issue occurs after every market holiday and remains in effect for approximately two weeks after each holiday.

The EPIC algorithm model chart below is a proprietary structure that has been back tested sixty months on thirteen time-frames. The model represents the most probable areas of support and resistance in oil trade on this specific time-frame.

Therefore, the levels noted on the EPIC model are to be used as important areas of consideration for support and resistance (trade signals) for your trading strategy when using conventional charting set-ups / structures and/or other algorithmic charting.

Resistance and support areas on the thirty minute charting oil trade structure are at each line on the algorithmic chart below. The primary areas of support and resistance are;

  • Outer quadrant walls / also used as channel support and resistance (orange dotted diagonal), the half way point between each is often a buy or sell trigger in trade (not shown on model below),
  • Mid channel line for uptrend and down trend (white dotted diagonal),
  • Mid quad horizontal (not marked but is at the mid point of the quad),
  • Fibonacci levels (various horizontal colored lines),
  • Historical areas of support and resistance (purple horizontal).
  • The intra-week swing trading range is from thick horizontal gray line to the next (commonly becomes a pivot area of trade).
  • Also of note are the price targets for Tuesday 4:30 PM (API), Wednesday 10:30 AM (EIA) and Friday 1:00 PM (Rig Count). The Tuesday and Wednesday targets hit significantly more often than the Friday target (red circles with red or green vertical dotted lines intersecting).

This video explains How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, #OIL, #Trading, #Algorithm, #OOTT as does this video Oil Trading Room – How to Use EPIC the Oil Algorithm Model Chart June 21 #OIL #OOTT and this Webinar 1: EPIC the Oil Algorithm.

When the conventional crude oil charting set-up coincides (or agrees) with the EPIC algorithmic model support and resistance this is then considered a significant buy or sell trigger (signal) for crude oil trade.

Remember to be aware of (at minimum) the primary support and resistance areas on the larger time-frames (lower time frames are not as critical) – in this instance the 1 hour, 4 hour, daily, weekly and monthly charting should be considered when sizing your trades etc.

EPIC 30 Min Crude Oil Trading Algorithm Model May 5 423 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

May 5 – After a sell-off last week crude oil trade held the quadrant in chart image below, the mid channel line is the current support / pivot to pay attention to in near term trade.

https://www.tradingview.com/chart/USOIL/DsvzrmXM-EPIC-30-Min-Crude-Oil-Trading-Algorithm-Model-May-5-423-PM-FX-US/

EPIC, crude, oil, algorithm, trading
EPIC 30 Min Crude Oil Trading Algorithm Model May 5 423 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Per recent;

EPIC 30 Min Crude Oil Trading Algorithm Model April 28 946 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

https://www.tradingview.com/chart/USOIL/DoytlFTC-EPIC-30-Min-Crude-Oil-Trading-Algorithm-Model-April-28-946-PM-FX/

EPIC, algorithm, oil, crude, trade
EPIC 30 Min Crude Oil Trading Algorithm Model April 28 946 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Crude Oil 30 Minute Simple Alternate Algorithm Model.

The simple alternate model below has Fibonacci support and resistance horizontal lines and diagonal Fib trend lines. However, trending channels and other conventional set-ups and the associated range of each should be a more primary consideration for your trading strategy.

Conventional trend lines and trending set-ups are noted in yellow on the chart.

Pay special attention to the relation between the intra-day price of crude oil and the 20 MA and 200 MA on the 30 minute chart. When price is above both the 20 and 200 moving averages (with 20 MA breaching through 200 MA upward) there is a significant probability of bullish continuance.

Also pay close attention to when the important support and resistance on the alternate model coincides with conventional chart signals and the EPIC Oil Algorithm model. This is key to your trading strategy and trade bias to bullish or bearish positioning should be relative to the structures agreeing.

30 Min Alternate Trend Lines Crude Oil Trading Model 1057 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/qCOdQQeA-30-Min-Alternate-Trend-Lines-Crude-Oil-Trading-Model-1057-PM-May/

30 min, crude, oil, chart
30 Min Alternate Trend Lines Crude Oil Trading Model 1057 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

30 Min Alternate Trend Lines (wide view) Crude Oil Trading Model 1042 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/Y6ftxa1F-30-Min-Trend-Lines/

30 min, crude, oil , chart, trendlines
30 Min Alternate Trend Lines (wide view) Crude Oil Trading Model 1042 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

One Minute Oil Trading Model. Ideal for Intra-day Crude Oil Trade.

The one minute oil trading model provides for pinpoint trade entry, sizing and exit points for daytrading oil. It is also used for squeeze scenarios in oil day trading. The main range is between the red / blue areas with thicker dotted white lines. The range is considerably more predictable in a squeeze scenario.

Per recent;

One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/nDjB9hSd-One-Min-Crude-Oil-Trading-Model-day-trade-April-20-1120-PM-FX/

daytrading, crude, oil, chart
One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Crude Oil Trade Setup Strategy When 20 MA Crosses up 200 MA with Price Above on One Minute Chart.

42 tick move when the 20 MA crossed up through 200 MA with price above on the one minute oil chart. There was some chop after price initially moved above 200 MA with 20 MA so you have to be prepared for this scenario. Often day traders will wait for price to get above the 200 MA and over the next level (the next Fib, the next MA or VWAP or previous / recent high in progression).

day trading, one minute, oil, chart
Crude Oil Trade Setup Strategy When 20 MA Crosses up 200 MA with Price Above on One Minute Chart

Crude Oil Trade Setup Short Strategy When 20 MA Crosses Down 200 MA with Price Below on One Minute Chart.

38 tick move when the 20 MA crossed down through 200 MA with price below on the one minute oil chart. There were a few pops up over 200 MA with price after initially coming under 200 MA so you have to consider that, quite often traders will wait for the confirmation when the 200 MA test fails to upside (which happened in the example below when the 50 MA then crossed down the 200 MA with price under).

Short, trade, strategy, one minute chart, oil
Crude Oil Trade Setup Short Strategy When 20 MA Crosses Down 200 MA with Price Below on One Minute Chart.

Choppy intra day trade in crude oil on one minute chart. Wait for confirmation signals.

The example one minute oil chart below provides charting for choppy intra-day scenario. This is an example of why waiting for confirmation signals is prudent. Also note that this choppy intra-day trade was early in the evening in early futures trade, typically not the best time of day to trade crude oil. 3:00 AM to 3:00 PM Eastern Time is best for trading oil.

Also consider the trend line support and resistance and moving averages on both the 30 minute algorithm chart model and the conventional 30 minute oil charting.

daytrading, choppy, trade, oil
Choppy intra day trade in crude oil on one minute chart. Wait for confirmation signals.

5 Minute Crude Oil Chart Model.

The five minute oil trading strategy chart below includes a Elliot impulse 5 wave component for when oil is trading intra-day on this time frame. The horizontal / diagonal / sloping up-trending green lines can be used as support and resistance decision areas.

5 Min Crude Oil Trade Model 1116 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/QcUE41kU-5-Min-Crude-Oil-Trade-Model-1116-PM-May-5-FX-USOIL-WTI-USO-CL/

5 min, crude, oil, chart
5 Min Crude Oil Trade Model 1116 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

5 Min Crude Oil Trade Model 1055 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/qzitNqDN-5-Min-Crude-Oil-Trade-Model-1055-PM-April-28-FX-USOIL-WTI-USO/

5 min, crude, oil. chart
https://www.tradingview.com/chart/USOIL/qzitNqDN-5-Min-Crude-Oil-Trade-Model-1055-PM-April-28-FX-USOIL-WTI-USO/

15 Minute Crude Oil Trading Structure. 

Simple 15 min crude oil structured chart model April 28 1112 PM FX USOIL WTI CL_F USO

https://www.tradingview.com/chart/USOIL/KUYMAJgq-Simple-15-min-crude-oil-structured-chart-model-May-5-1125-PM-FX/

15 min, crude, oil, chart
Simple 15 min crude oil structured chart model May 5 1125 PM FX USOIL WTI CL_F USO

The previous structured test model from a previous report we are not updating this week, however, the support and resistance pivots are included below;

15 Min support and resistance marks on chart (without model structure). Crude Oil. April 28 1109 PM.

https://www.tradingview.com/chart/USOIL/tNVngoj8-15-Min-Support-and-Resistance-Marks/

15 min, crude, oil, chart
15 Min support and resistance marks on chart (without model structure). Crude Oil. April 28 1109 PM.

Per recent;

Below is an untested and non back tested 15 minute chart for oil trade.

15 Min Crude Oil Trade Model (test concept chart) 1207 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ChJy7H8k-15-Min-Crude-Oil-Trade-Model-test-concept-chart-1207-AM-April/

15 min, oil, chart, test
15 Min Crude Oil Trade Model (test concept chart) 1207 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

60 Minute Oil Charting.

60 Min Crude Oil (concept chart) 1146 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/9tiNBhw3-60-Min-Crude-Oil-concept-chart-1146-PM-May-5-FX-USOIL-WTI-USO/

60 Min, crude,oil, chart
60 Min Crude Oil (concept chart) 1146 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

60 Min Trend Channel Trade Box Fork (concept chart) 1117 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/zMNSt06B-60-Min-Trend-Channel-Trade-Box-Fork-concept-chart-1117-PM-Apri/

60 Min, Crude, oil, channel, chart
60 Min Trend Channel Trade Box Fork (concept chart) 1117 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

60 minute simple crude oil trend-line, trending channel chart.

https://www.tradingview.com/chart/USOIL/wQwHY8Q5-60-minute-simple-crude-oil-trendline-trending-channel-chart/

60 min, oil, chart, trending, channel
60 minute simple crude oil trendline, trending channel chart.

4 Hour Trending Channel Chart.

4 Hour Oil Trending Channel Chart with Trading Box and Fibs 1159 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/12BCBBzS-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Box-1159-PM-May-5/

4 hr, trendline, crude, oil , chart
4 Hour Oil Trending Channel Chart with Trading Box 1159 PM May 5 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

4 Hour Oil Trending Channel Chart with Trading Box and Fibs 1121 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/fKZ1lWMu-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Box-1121-PM-April/

4 hour, trending, channel, oil , chart
https://www.tradingview.com/chart/USOIL/fKZ1lWMu-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Box-1121-PM-April/

4 Hour Symmetry Chart Model.

4 Hour Symmetry Chart, Symmetry divergence, watching only 1236 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/18tCeP6g-4-Hour-Symmetry-Chart-Symmetry-divergence-watching-only-1236-A/

4 hour, symmetry, crude, oil, chart
4 Hour Symmetry Chart, Symmetry divergence, watching only 1236 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

April 28, 2019 – In recent trade the 4 hour symmetry price targets in oil trade have been divergent to the bullish side. At this point we are watching for a new symmetrical pattern to develop or the previous to re-continue.

See previous link below.

Per recent;

4 Hour Symmetry Chart, Previous Resistance Now Support 1220 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/Q5bMztVz-4-Hour-Symmetry-Chart-Previous-Resistance-Now-Support-1220-AM-A/

4 hour, oil symmetry, chart
4 Hour Symmetry Chart, Previous Resistance Now Support 1220 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Trade in crude oil has recently jumped up over the channel resistance and now trades above the channel top (now support).

https://www.tradingview.com/chart/WTICOUSD/h6IcZDg3-4-Hour-Symmetry-Crude-Oil-Trading-Model-146-AM-April-17-FX-USOIL/

oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 146 AM April 17 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Crude oil has been trading in the channel on this algorithmic model since an 7, 2019. The white dotted lines at the top and bottom of this structure are support and resistance in the trending channel. The targets are historical hits.

https://www.tradingview.com/chart/WTICOUSD/In9ecRYl-4-Hour-Symmetry-Crude-Oil-Trading-Model-546-PM-April-7-FX-USOIL/

4 hour, crude, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 546 PM April 7 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

The white targets are showing a possible divergence to trade either up or down in to either of the white targets in this time cycle.

https://www.tradingview.com/chart/WTICOUSD/Z6GiJd5a-4-Hour-Symmetry-Crude-Oil-Trading-Model-1118-PM-Mar-31-FX-USOIL/

4 hour, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 1118 PM Mar 31 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

4 Hour Oil Concept Trading Model.

The 4 hour crude oil concept model below has trend-lines, Fibonacci support and resistance horizontal lines (pay close attention to the gray horizontal lines) and diagonal algorithmic Fib trend lines (orange dotted).

4 Hour Concept Crude Oil Trading Model May 6 1216 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies.

https://www.tradingview.com/chart/WTICOUSD/UIK74UEj-4-Hour-Concept-Crude-Oil-Trading-Model-May-6-1216-AM-FX-USOIL-WT/

4 hr, crude , oil, chart
4 Hour Concept Crude Oil Trading Model May 6 1216 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

4 Hour Concept Crude Oil Trading Model April 28 1113 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/bLLpIOIV-4-Hour-Concept-Crude-Oil-Trading-Model-April-28-1113-AM-FX-USOIL/

crude, oil, 4 hour, algorithmic model
4 Hour Concept Crude Oil Trading Model April 28 1113 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Daily Chart Trading Model.

The daily time frame provides a larger structure to consider. The diagonal Fib lines are important as are the mid quad horizontal lines. The moving averages (especially the 200 MA) should be considered in your trade strategy. The MACD is a common indicator on the daily oil chart for forward positioning and trend bias.

Daily Crude Oil, MACD turned down, first price target ext lower met 1249 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ZV34H2MD-Daily-Crude-Oil-MACD-turned-down-first-price-target-ext-lower/

Daily, crude, oil, chart
Daily Crude Oil, MACD turned down, first price target ext lower met 1249 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

April 28, 2019 Trading Strategy / Set-Up Based on Symmetry in the Trend on the Daily Chart.

A sell off in exact place in structure of daily chart model did occur once previous in this trend (see two circled areas on daily chart below).

The two instances of selling pressure in the bullish daily trend in oil trade happens to be a perfect symmetrical measured extension in the progression.

IF crude oil trades up the same measured extension as the low to the first sell off in the symmetry, this would imply a high in this trend for crude oil on FX USOIL WTI to approximately 69.00 – if symmetry continues.

Before a pull back, or about 600 ticks from where oil is currently trading at 62.96.

See chart below;

Daily Crude Oil Chart with Symmetry of Previous Sell Off and Price Target of 69.00 if Symmetry Continues 1154 PM April 28 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/jATfXaXD-Daily-Crude-Oil-Chart-with-Symmetry-of-Previous-Sell-Off-and-Pri/

Oil, Chart, Daily, Symmetry
https://www.tradingview.com/chart/USOIL/jATfXaXD-Daily-Crude-Oil-Chart-with-Symmetry-of-Previous-Sell-Off-and-Pri/

Daily Crude Oil Chart Golden Cross Set Up Still In Play Despite Sell Off 1255 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/yCiGcZBL-Daily-Crude-Oil-Chart-Golden-Cross-Set-Up-Still-In-Play-Despite/

daily, crude, oil, chart, golden cross
Daily Crude Oil Chart Golden Cross Set Up Still In Play Despite Sell Off 1255 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Weekly Oil Trading Model.

The most important signals on the weekly chart model are the red historical trend lines. Pay very close attention to them. There are other common indicators included on the model also.

Weekly Trendline Crude Oil Trading Model May 6 118 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

May 6 – price nearing an important trend line support (red line on chart below).

https://www.tradingview.com/chart/USOIL/hCwxU92o-Weekly-Trendline-Crude-Oil-Trading-Model-May-6-118-AM-FX-USOIL-W/

Weekly, crude, oil, chart, trend lines
Weekly Trendline Crude Oil Trading Model May 6 118 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Weekly Trendline Crude Oil Trading Model April 29 1203 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/u0HrK9TA-Weekly-Trendline-Crude-Oil-Trading-Model-April-29-1203-AM-FX-USO/

Crude, oil, weekly
Weekly Trendline Crude Oil Trading Model April 29 1203 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Oil Time Cycle comes in June 10, can it reverse prior FX USOIL $WTI $CL_F $UWT $DWT #timecycles #Oil #OOTT

https://www.tradingview.com/chart/USOIL/LBLJTba7-Oil-Time-Cycle-comes-in-June-10-can-it-reverse-prior-See-notes/

Crude, oil, time cycle, chart, model
Oil Time Cycle comes in June 10, can it reverse prior FX USOIL $WTI $CL_F $UWT $DWT #timecycles #Oil #OOTT

There is a potential price target of 74s in to early June on this Weekly Oil Chart Model on FX USOIL. Trading 62.95 intra-day.

https://www.tradingview.com/chart/USOIL/WulSA08l-There-is-a-potential-price-target-of-74s-in-to-early-June-on-thi/

crude, oil, weekly, chart, model
The is a potential price target of 74s in to early June on this Weekly Oil Chart Model.

Monthly Oil Trading Model.

Monthly Structure Crude Oil Trading Model 126 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Weekly trend line resistance area holding so far.

https://www.tradingview.com/chart/USOIL/19KquYtJ-Monthly-Structure-Crude-Oil-Trading-Model-126-AM-May-6-FX-USOIL/

monthly, crude, oil, chart, structure
Monthly Structure Crude Oil Trading Model 126 AM May 6 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Monthly Structure Crude Oil Trading Model April 29 1217 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ajRYhgca-Monthly-Structure-Crude-Oil-Trading-Model-April-29-1217-AM-FX-US/

Monthly, oil, chart
Monthly Structure Crude Oil Trading Model April 29 1217 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/sttZx83M-Monthly-200-MA-Crude-Oil-Trading-Chart-April-8-1247-AM-FX-USOIL/

monthly, oil , chart
Monthly 200 MA Crude Oil Trading Chart April 8 1247 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

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, Trading, Futures, Strategy, Signals, USOIL, WTI, CL_F, USO

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Crude Oil Trading Strategies | Weekly Chart Updates, Price Targets, Algorithms April 29 | Premium

Curt MelonopolyCrude Oil Trade Signals, Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Strategy, , , , , , , , , ,

Below are the updated crude oil trading chart models in for the week of April 28, 2019 to be used as signals for your trading strategy (day trading, intra-day swing trading or swing trading weekly and monthly time frames).

The charts are suitable for mechanically executed trading and are also the models our coding staff are using for our crude oil machine trade.

With each chart model there are trade strategy notes included for consideration.

For clarity, please review historical reporting on our blog and videos on YouTube for your study.

Much of the structured model discipline used is similar to concepts discussed in this video; Mathematician Who Cracked Wall Street.

Crude oil price moves within structured areas (or the range) of charting on various time frames at different times in trade. The structure oil price moves within (the range) can be one minute charting timing through to monthly charting time-frames and can be conventional charting set-ups or algorithmic chart set-ups (structures). Understanding and having each time frame at your disposal for both conventional and algorithmic charting will go a long way to increasing your probability of profitable trading.

Sizing your trades appropriate to your trading account and time frame for each set-up is also sound strategy.

Using the correct charting time-frame specifically for your trading strategy is critical. Generally, the lower (smaller) the time frame the less predictable the support and resistance areas of the charting will be. However, the larger time-frames (monthly, weekly, daily) can also have significant “slippage”.

Generally, the idea is to enter your positions based on the structure for the specific time frame you are wanting to trade referencing the other time frame support and resistance or range within the trend. The basic method is to understand the range of trade and execute trade long bias when price is near support for the appropriate time frame / structure and the opposite is true for short trades.

Our staff use the thirty minute model structures (range within trends) most often for primary areas of support and resistance trading signals referencing all other time-frames in their trading strategy.

Positioning should be significantly biased to the trending range of trade. For more information about trend identification for trading various time-frames refer to this article on Investopedia; Multiple Time Frames Can Multiply Returns.

If you have any questions about the models below please email us at [email protected].

Not all charts are updated every week and some concept or test charts are added or deleted on occasion.

Please note, the chart links are now distributed specific to each user or small group of users. If you are using more than one device to access the charting, to avoid disruption of service, please email us a simple / general description of those devices to assist in controlling dissemination.

EPIC Crude Oil Algorithm Model. 30 Minute Oil Chart Structure.

April 28 – Important note: Due to the Good Friday market holiday, the EPIC model will be divergent (or out) somewhat so please use the diagonal support and resistance lines cautiously until next week. This issue occurs after every market holiday and remains in effect for two weeks after each holiday.

The EPIC algorithm model chart below is a proprietary structure that has been back tested sixty months on thirteen time-frames. The model represents the most probable areas of support and resistance in oil trade on this specific time-frame.

Therefore, the levels noted on the EPIC model are to be used as important areas of consideration for support and resistance (trade signals) for your trading strategy when using conventional charting set-ups / structures and/or other algorithmic charting.

Resistance and support areas on the thirty minute charting oil trade structure are at each line on the algorithmic chart below. The primary areas of support and resistance are;

  • Outer quadrant walls / also used as channel support and resistance (orange dotted diagonal), the half way point between each is often a buy or sell trigger in trade (not shown on model below),
  • Mid channel line for uptrend and down trend (white dotted diagonal),
  • Mid quad horizontal (not marked but is at the mid point of the quad),
  • Fibonacci levels (various horizontal colored lines),
  • Historical areas of support and resistance (purple horizontal).
  • The intra-week swing trading range is from thick horizontal gray line to the next (commonly becomes a pivot area of trade).
  • Also of note are the price targets for Tuesday 4:30 PM (API), Wednesday 10:30 AM (EIA) and Friday 1:00 PM (Rig Count). The Tuesday and Wednesday targets hit significantly more often than the Friday target (red circles with red or green vertical dotted lines intersecting).

This video explains How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, #OIL, #Trading, #Algorithm, #OOTT as does this video Oil Trading Room – How to Use EPIC the Oil Algorithm Model Chart June 21 #OIL #OOTT and this Webinar 1: EPIC the Oil Algorithm.

When the conventional crude oil charting set-up coincides (or agrees) with the EPIC algorithmic model support and resistance this is then considered a significant buy or sell trigger (signal) for crude oil trade.

Remember to be aware of (at minimum) the primary support and resistance areas on the larger time-frames (lower time frames are not as critical) – in this instance the 1 hour, 4 hour, daily, weekly and monthly charting should be considered when sizing your trades etc.

EPIC 30 Min Crude Oil Trading Algorithm Model April 28 946 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

https://www.tradingview.com/chart/USOIL/DoytlFTC-EPIC-30-Min-Crude-Oil-Trading-Algorithm-Model-April-28-946-PM-FX/

EPIC, algorithm, oil, crude, trade
EPIC 30 Min Crude Oil Trading Algorithm Model April 28 946 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Per recent;

EPIC 30 Min Crude Oil Trading Algorithm Model April 20 817 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

https://www.tradingview.com/chart/USOIL/GLhgHpAN-EPIC-30-Min-Crude-Oil-Trading-Algorithm-Model-Apr-20-817-PM-FX/

crude, oil, algorithm, trading
EPIC 30 Min Crude Oil Trading Algorithm Model April 20 817 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Crude Oil 30 Minute Simple Alternate Algorithm Model.

The simple alternate model below has Fibonacci support and resistance horizontal lines and diagonal Fib trend lines. However, trending channels and other conventional set-ups and the associated range of each should be a more primary consideration for your trading strategy.

Conventional trend lines and trending set-ups are noted in yellow on the chart.

Pay special attention to the relation between the intra-day price of crude oil and the 20 MA and 200 MA on the 30 minute chart. When price is above both the 20 and 200 moving averages (with 20 MA breaching through 200 MA upward) there is a significant probability of bullish continuance.

Also pay close attention to when the important support and resistance on the alternate model coincides with conventional chart signals and the EPIC Oil Algorithm model. This is key to your trading strategy and trade bias to bullish or bearish positioning should be relative to the structures agreeing.

30 Min Alternate Trend Lines (wide view) Crude Oil Trading Model 1042 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/Y6ftxa1F-30-Min-Trend-Lines/

30 min, crude, oil , chart, trendlines
30 Min Alternate Trend Lines (wide view) Crude Oil Trading Model 1042 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

30 Min Alternate (wide view) Crude Oil Trading Model 902 PM April 20 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/36QhgygF-30-Min-Alternate-wide-view-Crude-Oil-Trading-Model-902-PM-Apri/

crude, oil, 30 min, trade, model
30 Min Alternate (wide view) Crude Oil Trading Model 902 PM April 20 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/crpw7J0u-30-Min-Alternate-wide-view-Crude-Oil-Trading-Model-120-AM-Apri/

30 min, crude, oil, chart
30 Min Alternate (wide view) Crude Oil Trading Model 120 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

30 Minute Oil Day Trading Structure.

Per recent;

Daytrading Fibonacci levels are added to the 30 minute chart structure below. There are also some timing notations (in white) that you can ignore, they are timing points of note I am watching.

30 Min Alternate Crude Oil Day Trading Model 1031 PM April 20 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/5UTfLRzW-30-Min-Alternate-Crude-Oil-Day-Trading-Model-1031-PM-April-20-FX/

30 min, oil, algorithm, chart
30 Min Alternate Crude Oil Day Trading Model 1031 PM April 20 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

One Minute Oil Trading Model. Ideal for Intra-day Crude Oil Trade.

The one minute oil trading model provides for pinpoint trade entry, sizing and exit points for daytrading oil. It is also used for squeeze scenarios in oil day trading. The main range is between the red / blue areas with thicker dotted white lines. The range is considerably more predictable in a squeeze scenario.

Per recent;

One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/nDjB9hSd-One-Min-Crude-Oil-Trading-Model-day-trade-April-20-1120-PM-FX/

daytrading, crude, oil, chart
One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Crude Oil Trade Setup Strategy When 20 MA Crosses up 200 MA with Price Above on One Minute Chart.

42 tick move when the 20 MA crossed up through 200 MA with price above on the one minute oil chart. There was some chop after price initially moved above 200 MA with 20 MA so you have to be prepared for this scenario. Often day traders will wait for price to get above the 200 MA and over the next level (the next Fib, the next MA or VWAP or previous / recent high in progression).

day trading, one minute, oil, chart
Crude Oil Trade Setup Strategy When 20 MA Crosses up 200 MA with Price Above on One Minute Chart

Crude Oil Trade Setup Short Strategy When 20 MA Crosses Down 200 MA with Price Below on One Minute Chart.

38 tick move when the 20 MA crossed down through 200 MA with price below on the one minute oil chart. There were a few pops up over 200 MA with price after initially coming under 200 MA so you have to consider that, quite often traders will wait for the confirmation when the 200 MA test fails to upside (which happened in the example below when the 50 MA then crossed down the 200 MA with price under).

Short, trade, strategy, one minute chart, oil
Crude Oil Trade Setup Short Strategy When 20 MA Crosses Down 200 MA with Price Below on One Minute Chart.

Choppy intra day trade in crude oil on one minute chart. Wait for confirmation signals.

The example one minute oil chart below provides charting for choppy intra-day scenario. This is an example of why waiting for confirmation signals is prudent. Also note that this choppy intra-day trade was early in the evening in early futures trade, typically not the best time of day to trade crude oil. 3:00 AM to 3:00 PM Eastern Time is best for trading oil.

Also consider the trend line support and resistance and moving averages on both the 30 minute algorithm chart model and the conventional 30 minute oil charting.

daytrading, choppy, trade, oil
Choppy intra day trade in crude oil on one minute chart. Wait for confirmation signals.

5 Minute Crude Oil Chart Model.

The five minute oil trading strategy chart below includes a Elliot impulse 5 wave component for when oil is trading intra-day on this time frame. The horizontal / diagonal / sloping up-trending green lines can be used as support and resistance decision areas.

5 Min Crude Oil Trade Model 1055 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/qzitNqDN-5-Min-Crude-Oil-Trade-Model-1055-PM-April-28-FX-USOIL-WTI-USO/

5 min, crude, oil. chart
https://www.tradingview.com/chart/USOIL/qzitNqDN-5-Min-Crude-Oil-Trade-Model-1055-PM-April-28-FX-USOIL-WTI-USO/

Per recent;

5 Min Crude Oil Trade Model (concept chart) 1201 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/I9827zr5-5-Min-Crude-Oil-Trade-Model-concept-chart-1201-AM-April-21-FX/

crude, oil, 5 min chart
5 Min Crude Oil Trade Model (concept chart) 1201 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

15 Minute Crude Oil Trading Structure. 

Simple 15 min crude oil structured chart model April 28 1112 PM FX USOIL WTI CL_F USO

https://www.tradingview.com/chart/USOIL/TKF08XJg-Simple-15-min-crude-oil-structured-chart-model-April-28-1112-PM/

crude, oil, 15 min, algorithmic, model
Simple 15 min crude oil structured chart model April 28 1112 PM FX USOIL WTI CL_F USO

The previous structured test model from the previous report we are not updating this week, however, the support and resistance pivots are included below;

15 Min support and resistance marks on chart (without model structure). Crude Oil. April 28 1109 PM.

https://www.tradingview.com/chart/USOIL/tNVngoj8-15-Min-Support-and-Resistance-Marks/

15 min, crude, oil, chart
15 Min support and resistance marks on chart (without model structure). Crude Oil. April 28 1109 PM.

Per recent;

Below is an untested and non back tested 15 minute chart for oil trade.

15 Min Crude Oil Trade Model (test concept chart) 1207 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ChJy7H8k-15-Min-Crude-Oil-Trade-Model-test-concept-chart-1207-AM-April/

15 min, oil, chart, test
15 Min Crude Oil Trade Model (test concept chart) 1207 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

60 Minute Oil Charting.

60 Min Trend Channel Trade Box Fork (concept chart) 1117 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/zMNSt06B-60-Min-Trend-Channel-Trade-Box-Fork-concept-chart-1117-PM-Apri/

60 Min, Crude, oil, channel, chart
60 Min Trend Channel Trade Box Fork (concept chart) 1117 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

60 minute simple crude oil trend-line, trending channel chart.

https://www.tradingview.com/chart/USOIL/wQwHY8Q5-60-minute-simple-crude-oil-trendline-trending-channel-chart/

60 min, oil, chart, trending, channel
60 minute simple crude oil trendline, trending channel chart.

4 Hour Trending Channel Chart.

4 Hour Oil Trending Channel Chart with Trading Box 1121 PM April 28 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/fKZ1lWMu-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Box-1121-PM-April/

4 hour, trending, channel, oil , chart
https://www.tradingview.com/chart/USOIL/fKZ1lWMu-4-Hour-Oil-Trending-Channel-Chart-with-Trading-Box-1121-PM-April/

4 Hour Symmetry Chart Model.

April 28, 2019 – In recent trade the 4 hour symmetry price targets in oil trade have been divergent to the bullish side. At this point we are watching for a new symmetrical pattern to develop or the previous to re-continue.

See previous link below.

Per recent;

4 Hour Symmetry Chart, Previous Resistance Now Support 1220 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/Q5bMztVz-4-Hour-Symmetry-Chart-Previous-Resistance-Now-Support-1220-AM-A/

4 hour, oil symmetry, chart
4 Hour Symmetry Chart, Previous Resistance Now Support 1220 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Trade in crude oil has recently jumped up over the channel resistance and now trades above the channel top (now support).

https://www.tradingview.com/chart/WTICOUSD/h6IcZDg3-4-Hour-Symmetry-Crude-Oil-Trading-Model-146-AM-April-17-FX-USOIL/

oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 146 AM April 17 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Crude oil has been trading in the channel on this algorithmic model since an 7, 2019. The white dotted lines at the top and bottom of this structure are support and resistance in the trending channel. The targets are historical hits.

https://www.tradingview.com/chart/WTICOUSD/In9ecRYl-4-Hour-Symmetry-Crude-Oil-Trading-Model-546-PM-April-7-FX-USOIL/

4 hour, crude, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 546 PM April 7 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

The white targets are showing a possible divergence to trade either up or down in to either of the white targets in this time cycle.

https://www.tradingview.com/chart/WTICOUSD/Z6GiJd5a-4-Hour-Symmetry-Crude-Oil-Trading-Model-1118-PM-Mar-31-FX-USOIL/

4 hour, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 1118 PM Mar 31 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

4 Hour Oil Concept Trading Model.

The 4 hour crude oil concept model below has trend-lines, Fibonacci support and resistance horizontal lines (pay close attention to the gray horizontal lines) and diagonal algorithmic Fib trend lines (orange dotted).

4 Hour Concept Crude Oil Trading Model April 28 1113 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/bLLpIOIV-4-Hour-Concept-Crude-Oil-Trading-Model-April-28-1113-AM-FX-USOIL/

crude, oil, 4 hour, algorithmic model
4 Hour Concept Crude Oil Trading Model April 28 1113 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

4 Hour Concept Crude Oil Trading Model April 21 1241 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/LDEQiuCh-4-Hour-Concept-Crude-Oil-Trading-Model-April-21-1241AM-FX-USOIL/

4 hour,oil, concept, chart
4 Hour Concept Crude Oil Trading Model April 21 1241AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Daily Chart Trading Model.

The daily time frame provides a larger structure to consider. The diagonal Fib lines are important as are the mid quad horizontal lines. The moving averages (especially the 200 MA) should be considered in your trade strategy. The MACD is a common indicator on the daily oil chart for forward positioning and trend bias.

April 28, 2019 Trading Strategy / Set-Up Based on Symmetry in the Trend on the Daily Chart.

A sell off in exact place in structure of daily chart model did occur once previous in this trend (see two circled areas on daily chart below).

The two instances of selling pressure in the bullish daily trend in oil trade happens to be a perfect symmetrical measured extension in the progression.

IF crude oil trades up the same measured extension as the low to the first sell off in the symmetry, this would imply a high in this trend for crude oil on FX USOIL WTI to approximately 69.00 – if symmetry continues.

Before a pull back, or about 600 ticks from where oil is currently trading at 62.96.

See chart below;

Daily Crude Oil Chart with Symmetry of Previous Sell Off and Price Target of 69.00 if Symmetry Continues 1154 PM April 28 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/jATfXaXD-Daily-Crude-Oil-Chart-with-Symmetry-of-Previous-Sell-Off-and-Pri/

Oil, Chart, Daily, Symmetry
https://www.tradingview.com/chart/USOIL/jATfXaXD-Daily-Crude-Oil-Chart-with-Symmetry-of-Previous-Sell-Off-and-Pri/

Per recent;

Daily Chart Structure Crude Oil Trading Model. MACD turned down. 1248 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/i1bnKqcZ-Daily-Chart-Structure-Crude-Oil-Trading-Model-MACD-turned-down/

daily, oil, chart, MACD
Daily Chart Structure Crude Oil Trading Model. MACD turned down. 1248 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Conventional Daily Crude Oil Chart with Support and Resistance 1157 PM April 28 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ejSpwHHL-Convention-Daily-Crude-Oil-Chart-with-Support-and-Resistance-115/

oil, chart, support, resistance
Convention Daily Crude Oil Chart with Support and Resistance 1157 PM April 28 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Weekly Oil Trading Model.

The most important signals on the weekly chart model are the red historical trend lines. Pay very close attention to them. There are other common indicators included on the model also.

Weekly Trendline Crude Oil Trading Model April 29 1203 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/u0HrK9TA-Weekly-Trendline-Crude-Oil-Trading-Model-April-29-1203-AM-FX-USO/

Crude, oil, weekly
Weekly Trendline Crude Oil Trading Model April 29 1203 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Weekly Trend line Crude Oil Trading Model `155 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/iL99s2gC-Weekly-Trendline-Crude-Oil-Trading-Model-155-AM-April-21-FX-USO/

weekly, oil, trend line, chart
Weekly Trendline Crude Oil Trading Model `155 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

There is a potential price target of 74s in to early June on this Weekly Oil Chart Model on FX USOIL. Trading 62.95 intra-day.

https://www.tradingview.com/chart/USOIL/WulSA08l-There-is-a-potential-price-target-of-74s-in-to-early-June-on-thi/

crude, oil, weekly, chart, model
The is a potential price target of 74s in to early June on this Weekly Oil Chart Model.

Monthly Oil Trading Model.

Monthly Structure Crude Oil Trading Model April 29 1217 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ajRYhgca-Monthly-Structure-Crude-Oil-Trading-Model-April-29-1217-AM-FX-US/

Monthly, oil, chart
Monthly Structure Crude Oil Trading Model April 29 1217 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Monthly Structure Crude Oil Trading Model April 21 100 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/t5uxWcxn-Monthly-Structure-Crude-Oil-Trading-Model-April-21-100-AM-FX-USO/

monthly, oil, chart, structure
Monthly Structure Crude Oil Trading Model April 21 100 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/sttZx83M-Monthly-200-MA-Crude-Oil-Trading-Chart-April-8-1247-AM-FX-USOIL/

monthly, oil , chart
Monthly 200 MA Crude Oil Trading Chart April 8 1247 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

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:

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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, Futures, Strategy, Signals, USOIL, WTI, CL_F, USO

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Crude Oil Trading Strategies | Weekly Chart Updates April 21 | Premium

Curt MelonopolyCrude Oil Trade Signals, Crude Oil Trading Algorithm (EPIC), Crude Oil Trading Strategy, , , , , , , , , ,

Below are the updated crude oil trading models in chart form for the week of April 21, 2019 to be used as signals when forming trading strategies for day trading, intra-day swing trading and swing trading weekly and monthly time frames.

The charts are suitable for mechanically executed trading and are also the models our coding staff are using for our crude oil machine trade.

With each chart model there are trade strategy notes included for consideration.

For clarity, please review historical reporting on our blog and videos on YouTube for your study.

Much of the structured model discipline used below are similar to concepts discussed in this video; Mathematician Who Cracked Wall Street.

Crude oil price moves within structured areas (or the range) of charting on various time frames at different times in trade. The structure oil price moves within (the range) can be one minute charting timing through to monthly charting time-frames and can be conventional charting set-ups or algorithmic chart set-ups (structures). Understanding and having each time frame at your disposal for both conventional and algorithmic charting will go a long way to increasing your probability of profitable trading.

Using the correct charting time-frame specifically for your trading strategy time-frame is critical. Generally, the lower (smaller) the time frame the less predictable the support and resistance areas of the charting will be. However, the larger time-frames (monthly, weekly, daily) can also have significant “slippage”.

Generally, the idea is to enter your positions based on the structure for the specific time frame you are wanting to trade referencing the other time frame support and resistance or range within the trend. The basic method is to understand the range of trade and execute trade long bias when price is near support for the appropriate time frame / structure and the opposite is true for short trades.

Our staff use the thirty minute model structures (range within trends) most often for primary areas of support and resistance trading signals referencing all other time-frames in their trading strategy.

Positioning should be significantly biased to the trending range of trade. For more information about trend identification for trading various time-frames refer to this article on Investopedia; Multiple Time Frames Can Multiply Returns.

If you have any questions about the models below please email us at [email protected].

Please note, the chart links are now distributed specific to each user or small group of users. If you are using more than one device to access the charting, to avoid disruption of service, please email us a simple / general description of those devices to assist in controlling dissemination.

EPIC Crude Oil Algorithm Model. 30 Minute Oil Chart Structure.

The EPIC algorithm model chart below is a proprietary structure that has been back tested sixty months on thirteen time-frames. The model represents the most probable areas of support and resistance in oil trade on this specific time-frame.

Therefore, the levels noted on the EPIC model are to be used as important areas of consideration for support and resistance (trade signals) for your trading strategy when using conventional charting set-ups / structures and/or other algorithmic charting.

Resistance and support areas on the thirty minute charting oil trade structure are at each line on the algorithmic chart below. The primary areas of support and resistance are;

  • Outer quadrant walls / also used as channel support and resistance (orange dotted diagonal), the half way point between each is often a buy or sell trigger in trade (not shown on model below),
  • Mid channel line for uptrend and down trend (white dotted diagonal),
  • Mid quad horizontal (not marked but is at the mid point of the quad),
  • Fibonacci levels (various horizontal colored lines),
  • Historical areas of support and resistance (purple horizontal).
  • The intra-week swing trading range is from thick horizontal gray line to the next (commonly becomes a pivot area of trade).
  • Also of note are the price targets for Tuesday 4:30 PM (API), Wednesday 10:30 AM (EIA) and Friday 1:00 PM (Rig Count). The Tuesday and Wednesday targets hit significantly more often than the Friday target (red circles with red or green vertical dotted lines intersecting).

This video explains How to Use EPIC Oil Algorithm: $USOIL, $WTI, $CL_F, $USO, #OIL, #Trading, #Algorithm, #OOTT as does this video Oil Trading Room – How to Use EPIC the Oil Algorithm Model Chart June 21 #OIL #OOTT and this Webinar 1: EPIC the Oil Algorithm.

When the conventional crude oil charting set-up coincides (or agrees) with the EPIC algorithmic model support and resistance this is then considered a significant buy or sell trigger (signal) for crude oil trade.

Remember to be aware of (at minimum) the primary support and resistance areas on the larger time-frames (lower time frames are not as critical) – in this instance the 1 hour, 4 hour, daily, weekly and monthly charting should be considered when sizing your trades etc.

Please note, the algorithmic model below is likely to need considerable adjustment when futures open Sunday evening due to Good Friday holiday this past week.

EPIC 30 Min Crude Oil Trading Algorithm Model April 20 817 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

https://www.tradingview.com/chart/USOIL/GLhgHpAN-EPIC-30-Min-Crude-Oil-Trading-Algorithm-Model-Apr-20-817-PM-FX/

crude, oil, algorithm, trading
EPIC 30 Min Crude Oil Trading Algorithm Model April 20 817 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Per recent;

https://www.tradingview.com/chart/USOIL/FTduGqsw-EPIC-30-Min-Crude-Oil-Trading-Model-Intra-day-crude-oil-trade-A/

crude, oil, algorithm, chart, EPIC
EPIC 30 Min Crude Oil Trading Model Intra-day crude oil trade. April 17 1255 AM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Crude Oil 30 Minute Simple Alternate Algorithm Model.

The simple alternate model below has Fibonacci support and resistance horizontal lines and diagonal Fib trend lines. However, trending channels and other conventional set-ups and the associated range of each should be a more primary consideration for your trading strategy.

Conventional trend lines and trending set-ups are noted in yellow on the chart.

Pay special attention to the relation between the intra-day price of crude oil and the 20 MA and 200 MA on the 30 minute chart. When price is above both the 20 and 200 moving averages (with 20 MA breaching through 200 MA upward) there is a significant probability of bullish continuance.

Also pay close attention to when the important support and resistance on the alternate model coincides with conventional chart signals and the EPIC Oil Algorithm model. This is key to your trading strategy and trade bias to bullish or bearish positioning should be relative to the structures agreeing.

30 Min Alternate (wide view) Crude Oil Trading Model 902 PM April 20 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/36QhgygF-30-Min-Alternate-wide-view-Crude-Oil-Trading-Model-902-PM-Apri/

crude, oil, 30 min, trade, model
30 Min Alternate (wide view) Crude Oil Trading Model 902 PM April 20 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/crpw7J0u-30-Min-Alternate-wide-view-Crude-Oil-Trading-Model-120-AM-Apri/

30 min, crude, oil, chart
30 Min Alternate (wide view) Crude Oil Trading Model 120 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

30 Minute Oil Day Trading Structure.

Daytrading Fibonacci levels are added to the 30 minute chart structure below. There are also some timing notations (in white) that you can ignore, they are timing points of note I am watching.

30 Min Alternate Crude Oil Day Trading Model 1031 PM April 20 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/5UTfLRzW-30-Min-Alternate-Crude-Oil-Day-Trading-Model-1031-PM-April-20-FX/

30 min, oil, algorithm, chart
30 Min Alternate Crude Oil Day Trading Model 1031 PM April 20 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/0jtYp6Hi-30-Min-Alternate-micro-view-Crude-Oil-Trading-Model-134-AM-Apr/

30 min, micro, oil, chart, daytrade
30 Min Alternate (micro view) Crude Oil Trading Model 134 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Conventional 30 Minute Oil Trade Charting.

Crude Oil Conventional 30 Minute Chart Trend Lines to Watch for Support and Resistance.

https://www.tradingview.com/chart/USOIL/sSHCuQ0I-Crude-Oil-Conventional-30-Minute-Chart-Trend-Lines-to-Watch-for/

30 minute, oil, chart
Crude Oil Conventional 30 Minute Chart Trend Lines to Watch for Support and Resistance

One Minute Oil Trading Model. Ideal for Intra-day Crude Oil Trade.

The one minute oil trading model provides for pinpoint trade entry, sizing and exit points for daytrading oil. It is also used for squeeze scenarios in oil day trading. The main range is between the red / blue areas with thicker dotted white lines. The range is considerably more predictable in a squeeze scenario.

One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/nDjB9hSd-One-Min-Crude-Oil-Trading-Model-day-trade-April-20-1120-PM-FX/

daytrading, crude, oil, chart
One Min Crude Oil Trading Model (day trade) April 20 1120 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Crude Oil Trade Setup Strategy When 20 MA Crosses up 200 MA with Price Above on One Minute Chart.

42 tick move when the 20 MA crossed up through 200 MA with price above on the one minute oil chart. There was some chop after price initially moved above 200 MA with 20 MA so you have to be prepared for this scenario. Often day traders will wait for price to get above the 200 MA and over the next level (the next Fib, the next MA or VWAP or previous / recent high in progression).

day trading, one minute, oil, chart
Crude Oil Trade Setup Strategy When 20 MA Crosses up 200 MA with Price Above on One Minute Chart

Crude Oil Trade Setup Short Strategy When 20 MA Crosses Down 200 MA with Price Below on One Minute Chart.

38 tick move when the 20 MA crossed down through 200 MA with price below on the one minute oil chart. There were a few pops up over 200 MA with price after initially coming under 200 MA so you have to consider that, quite often traders will wait for the confirmation when the 200 MA test fails to upside (which happened in the example below when the 50 MA then crossed down the 200 MA with price under).

Short, trade, strategy, one minute chart, oil
Crude Oil Trade Setup Short Strategy When 20 MA Crosses Down 200 MA with Price Below on One Minute Chart.

Choppy intra day trade in crude oil on one minute chart. Wait for confirmation signals.

The example one minute oil chart below provides charting for choppy intra-day scenario. This is an example of why waiting for confirmation signals is prudent. Also note that this choppy intra-day trade was early in the evening in early futures trade, typically not the best time of day to trade crude oil. 3:00 AM to 3:00 PM Eastern Time is best for trading oil.

Also consider the trend line support and resistance and moving averages on both the 30 minute algorithm chart model and the conventional 30 minute oil charting.

daytrading, choppy, trade, oil
Choppy intra day trade in crude oil on one minute chart. Wait for confirmation signals.

5 Minute Crude Oil Chart Model.

The five minute oil trading strategy chart below includes a Elliot impulse 5 wave component for when oil is trading intra-day on this time frame. The horizontal / diagonal / sloping up-trending green lines can be used as support and resistance decision areas.

5 Min Crude Oil Trade Model (concept chart) 1201 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/I9827zr5-5-Min-Crude-Oil-Trade-Model-concept-chart-1201-AM-April-21-FX/

crude, oil, 5 min chart
5 Min Crude Oil Trade Model (concept chart) 1201 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

15 Minute Crude Oil Trading Structure. Test Chart.

Below is an untested and non back tested 15 minute chart for oil trade.

15 Min Crude Oil Trade Model (test concept chart) 1207 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/ChJy7H8k-15-Min-Crude-Oil-Trade-Model-test-concept-chart-1207-AM-April/

15 min, oil, chart, test
15 Min Crude Oil Trade Model (test concept chart) 1207 AM April 21 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

This is more a doodle chart than anything at this point, we are looking for a structured chart for the 15 minute time frame.

https://www.tradingview.com/chart/USOIL/Y45duTii-15-Min-Crude-Oil-Trade-Model-doodle-chart-110-AM-April-17-FX-U/

15 min, crude oil, chart
15 Min Crude Oil Trade Model (doodle chart) 110 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

60 Minute Charting.

60 minute simple crude oil trend-line, trending channel chart.

https://www.tradingview.com/chart/USOIL/wQwHY8Q5-60-minute-simple-crude-oil-trendline-trending-channel-chart/

60 min, oil, chart, trending, channel
60 minute simple crude oil trendline, trending channel chart.

4 Hour Symmetry Chart Model.

4 Hour Symmetry Chart, Previous Resistance Now Support 1220 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/Q5bMztVz-4-Hour-Symmetry-Chart-Previous-Resistance-Now-Support-1220-AM-A/

4 hour, oil symmetry, chart
4 Hour Symmetry Chart, Previous Resistance Now Support 1220 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Trade in crude oil has recently jumped up over the channel resistance and now trades above the channel top (now support).

https://www.tradingview.com/chart/WTICOUSD/h6IcZDg3-4-Hour-Symmetry-Crude-Oil-Trading-Model-146-AM-April-17-FX-USOIL/

oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 146 AM April 17 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Crude oil has been trading in the channel on this algorithmic model since an 7, 2019. The white dotted lines at the top and bottom of this structure are support and resistance in the trending channel. The targets are historical hits.

https://www.tradingview.com/chart/WTICOUSD/In9ecRYl-4-Hour-Symmetry-Crude-Oil-Trading-Model-546-PM-April-7-FX-USOIL/

4 hour, crude, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 546 PM April 7 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

The white targets are showing a possible divergence to trade either up or down in to either of the white targets in this time cycle.

https://www.tradingview.com/chart/WTICOUSD/Z6GiJd5a-4-Hour-Symmetry-Crude-Oil-Trading-Model-1118-PM-Mar-31-FX-USOIL/

4 hour, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 1118 PM Mar 31 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

4 Hour Oil Concept Trading Model.

The 4 hour crude oil concept model below has trend-lines, Fibonacci support and resistance horizontal lines (pay close attention to the gray horizontal lines) and diagonal algorithmic Fib trend lines (orange dotted).

4 Hour Concept Crude Oil Trading Model April 21 1241 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/LDEQiuCh-4-Hour-Concept-Crude-Oil-Trading-Model-April-21-1241AM-FX-USOIL/

4 hour,oil, concept, chart
4 Hour Concept Crude Oil Trading Model April 21 1241AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Daily Trading Model.

The daily time frame provides a larger structure to consider. The diagonal Fib lines are important as are the mid quad horizontal lines. The moving averages (especially the 200 MA) should be considered in your trade strategy. The MACD is a common indicator on the daily oil chart for forward positioning and trend bias.

Daily Chart Structure Crude Oil Trading Model. MACD turned down. 1248 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/i1bnKqcZ-Daily-Chart-Structure-Crude-Oil-Trading-Model-MACD-turned-down/

daily, oil, chart, MACD
Daily Chart Structure Crude Oil Trading Model. MACD turned down. 1248 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/JjxJWS35-Daily-Chart-Structure-Crude-Oil-Trading-Model-156-AM-April-7-FX/

daily, chart, oil
Daily Chart Structure Crude Oil Trading Model 156 AM April 17 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Weekly Oil Trading Model.

The most important signals on the weekly chart model are the red historical trend lines. Pay very close attention to them. There are other common indicators included on the model also.

Weekly Trend line Crude Oil Trading Model `155 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/iL99s2gC-Weekly-Trendline-Crude-Oil-Trading-Model-155-AM-April-21-FX-USO/

weekly, oil, trend line, chart
Weekly Trendline Crude Oil Trading Model `155 AM April 21 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;weekly, chart, oil

Weekly Trendline Crude Oil Trading Model April 17 201 AM FX USOIL WTI $USO $CL_F #Oil #Trading #StrategiesMonthly Oil Trading Model.

Monthly Structure Crude Oil Trading Model April 21 100 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/t5uxWcxn-Monthly-Structure-Crude-Oil-Trading-Model-April-21-100-AM-FX-USO/

monthly, oil, chart, structure
Monthly Structure Crude Oil Trading Model April 21 100 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Price currently testing quad diagonal Fib trend line resistance.

https://www.tradingview.com/chart/USOIL/a17rpOL5-Monthly-Structure-Crude-Oil-Trading-Model-April-17-205-AM-FX-USO/

monthly, chart, structure
Monthly Structure Crude Oil Trading Model April 17 205 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/sttZx83M-Monthly-200-MA-Crude-Oil-Trading-Chart-April-8-1247-AM-FX-USOIL/

monthly, oil , chart
Monthly 200 MA Crude Oil Trading Chart April 8 1247 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

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:

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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, Trading, Futures, Strategy, Signals, USOIL, WTI, CL_F, USO

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Crude Oil Trading Strategies | Premium Member Publication

Curt MelonopolyCrude Oil Trading Strategy, , , , , , , , ,

April 18, 2019: Below are the updated crude oil trading models in chart form to be used in forming trading strategies for day trading, intra-day swing trading and swing trading weekly and monthly time frames.

The charts are suitable for human mechanically executed trading and are also the models our coding staff are using for our crude oil machine trade coding.

With each chart model there are trade strategy notes included for consideration.

If you have any questions about the models below please email us at [email protected].

Please note, the charts are distributed to various groups and individuals with various url’s. If you are using more than one device to access the charting please email us a general description of those devices to assist us in controlling dissemination.

EPIC Crude Oil Algorithm Model.

Resistance and support is at each line on the algorithmic oil model chart. The primary areas are quad walls / channel support and resistance (orange dotted diagonal), mid channel line (white dotted diagonal), Fibonacci (various horizontal colored lines), historical support and resistance (purple horizontal). The swing trading range is from thick horizontal gray line to the next.

https://www.tradingview.com/chart/USOIL/FTduGqsw-EPIC-30-Min-Crude-Oil-Trading-Model-Intra-day-crude-oil-trade-A/

crude, oil, algorithm, chart, EPIC
EPIC 30 Min Crude Oil Trading Model Intra-day crude oil trade. April 17 1255 AM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Per previous;

https://www.tradingview.com/chart/USOIL/56XUg9W5-EPIC-30-Min-Crude-Oil-Trading-Model-Intra-day-crude-oil-trade-A/

30 Min, algorithm, EPIC, crude, oil, trade
EPIC 30 Min Crude Oil Trading Model Intra-day crude oil trade. April 8 1229 AM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

Per previous;

https://www.tradingview.com/chart/USOIL/0ENSoplS-One-Min-Crude-Oil-Trading-Model-521-PM-Mar-31-FX-USOIL-WTI-USO/

EPIC, crude, oil, model, algorithm
EPIC 30 Min Crude Oil Trading Model Intra-day crude oil trade. Mar 31 500 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

One Minute Oil Trading Model.

The one minute oil trading model provides for pinpoint trade entry, sizing and exit points. It is also used for squeeze scenarios in oil day trading. The main range is between the red / blue areas with thicker dotted white lines. The range is considerably more predictable in a squeeze scenario.

https://www.tradingview.com/chart/USOIL/0ecJFSUm-One-Min-Crude-Oil-Trading-Model-104-AM-April-17-FX-USOIL-WTI-US/

daytrading, crude, oil, chart
One Min Crude Oil Trading Model 104 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/itdJTAWN-One-Min-Crude-Oil-Trading-Model-404-PM1-April-7-FX-USOIL-WTI-US/

one, minute, oil, trading, chart, day trade
One Min Crude Oil Trading Model 404 PM1 April 7 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/0ENSoplS-One-Min-Crude-Oil-Trading-Model-521-PM-Mar-31-FX-USOIL-WTI-USO/

1 minute, oil, chart
One Min Crude Oil Trading Model 521 PM Mar 31 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

5 Minute Crude Oil Chart Model.

The five minute oil trading strategy chart below includes a Elliot impulse 5 wave component for when oil is trading intraday on this time frame. The horizontal uptrending green lines can be used as support and resistance decision areas.

https://www.tradingview.com/chart/USOIL/xHXDvdga-5-Min-Crude-Oil-Trade-Model-concept-chart-107-AM-April-17-FX-U/

crude, oil, 5 min, chart
5 Min Crude Oil Trade Model (concept chart) 107 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/3FB0mls7-5-Min-Crude-Oil-Trade-Model-concept-chart-114-AM-April-8-FX-US/

5 min, crude, oil , chart
5 Min Crude Oil Trade Model (concept chart) 416 PM April 7 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/VizqJrPf-5-Min-Crude-Oil-Trade-Model-concept-chart-456-PM-Mar-31-FX-USO/

5 min, oil chart
5 Min Crude Oil Trade Model (concept chart) 456 PM Mar 31 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

15 Minute Crude Oil Trading Structure.

This is more a doodle chart than anything at this point, we are looking for a structured chart for the 15 minute time frame.

https://www.tradingview.com/chart/USOIL/Y45duTii-15-Min-Crude-Oil-Trade-Model-doodle-chart-110-AM-April-17-FX-U/

15 min, crude oil, chart
15 Min Crude Oil Trade Model (doodle chart) 110 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

30 Minute Crude Oil Trading Structure.

The 30 minute structure primarily uses the Fibonacci trend-lines that for the diamond shapes (quads) and the mid / top / bottom of quads marked in white dotted horizontal lines (key support and resistance areas).

Pay special attention to the relation between the intra-day price of crude oil and the 20 MA and 200 MA on the 30 minute chart.

https://www.tradingview.com/chart/USOIL/crpw7J0u-30-Min-Alternate-wide-view-Crude-Oil-Trading-Model-120-AM-Apri/

30 min, crude, oil, chart
30 Min Alternate (wide view) Crude Oil Trading Model 120 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/H0slVqc5-30-Min-Alternate-wide-view-Crude-Oil-Trading-Model-549-PM-Apri/

30 min, oil, chart
30 Min Alternate (wide view) Crude Oil Trading Model 549 PM April 7 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/su8pnCYm-30-Min-Alternate-wide-view-Crude-Oil-Trading-Model-906-PM-Mar/

30 min, oil, chart,micro
30 Min Alternate (wide view) Crude Oil Trading Model 906 PM Mar 31 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

30 Minute Micro Oil Trading Structure.

Daytrading levels added to the 30 minute chart structure.

https://www.tradingview.com/chart/USOIL/0jtYp6Hi-30-Min-Alternate-micro-view-Crude-Oil-Trading-Model-134-AM-Apr/

30 min, micro, oil, chart, daytrade
30 Min Alternate (micro view) Crude Oil Trading Model 134 AM April 17 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/UBNkt8RA-30-Min-Alternate-micro-view-Crude-Oil-Trading-Model-444-PM-Apr/

30 min, crude, oil , chart
30 Min Alternate (micro view) Crude Oil Trading Model 444 PM April 7 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/jrmZ8InZ-30-Min-Alternate-micro-view-Crude-Oil-Trading-Model-1013-PM-Ma/

30 minute, oil, chart
30 Min Alternate (micro view) Crude Oil Trading Model 1013 PM Mar 31 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

4 Hour Symmetry Chart Model.

Trade in crude oil has recently jumped up over the channel resistance and now trades above the channel top (now support).

https://www.tradingview.com/chart/WTICOUSD/h6IcZDg3-4-Hour-Symmetry-Crude-Oil-Trading-Model-146-AM-April-17-FX-USOIL/

oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 146 AM April 17 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

Crude oil has been trading in the channel on this algorithmic model since an 7, 2019. The white dotted lines at the top and bottom of this structure are support and resistance in the trending channel. The targets are historical hits.

https://www.tradingview.com/chart/WTICOUSD/In9ecRYl-4-Hour-Symmetry-Crude-Oil-Trading-Model-546-PM-April-7-FX-USOIL/

4 hour, crude, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 546 PM April 7 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

The white targets are showing a possible divergence to trade either up or down in to either of the white targets in this time cycle.

https://www.tradingview.com/chart/WTICOUSD/Z6GiJd5a-4-Hour-Symmetry-Crude-Oil-Trading-Model-1118-PM-Mar-31-FX-USOIL/

4 hour, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 1118 PM Mar 31 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

4 Hour Oil Concept Trading Model.

The 4 hour crude oil concept model below has trendlines, Fibonacci support and resistance horizontal lines (pay close attention to the gray horizontal lines) and diagonal algorithmic Fib trend lines (orange dotted).

https://www.tradingview.com/chart/WTICOUSD/socuKeZL-4-Hour-Concept-Crude-Oil-Trading-Model-April-17-153-AM-FX-USOIL/

4 hr, crude, oil, concept, chart
4 Hour Concept Crude Oil Trading Model April 17 153 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/WTICOUSD/uFUea6H8-4-Hour-Concept-Crude-Oil-Trading-Model-April-7-429-PM-FX-USOIL-W/

4 hour, oil , chart
4 Hour Concept Crude Oil Trading Model April 7 429 PM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/WTICOUSD/ZcpM2Fqk-4-Hour-Concept-Crude-Oil-Trading-Model-1202-April-1-FX-USOIL-WTI/

4 hour, oil, chart, concept
4 Hour Concept Crude Oil Trading Model 1202 April 1 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Daily Trading Model.

The daily time frame provides a larger structure to consider. The diagonal Fib lines are important as are the mid quad horizontal lines. The moving averages (especially the 200 MA) should be considered in your trade strategy.

https://www.tradingview.com/chart/USOIL/JjxJWS35-Daily-Chart-Structure-Crude-Oil-Trading-Model-156-AM-April-7-FX/

daily, chart, oil
Daily Chart Structure Crude Oil Trading Model 156 AM April 17 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

https://www.tradingview.com/chart/USOIL/MlBUsY50-Daily-Chart-Structure-Crude-Oil-Trading-Model-510-PM-April-7-FX/

Daily, crude, oil, strategy, chart
Daily Chart Structure Crude Oil Trading Model 510 PM April 7 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/XU1qo0wA-Daily-Chart-Structure-Crude-Oil-Trading-Model-1226-April-1-FX-US/

daily, oil, chart
Daily Chart Structure Crude Oil Trading Model 1226 April 1 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Weekly Oil Trading Model.

The most important signals on the weekly chart model below are the red historical trend lines. Pay very close attention to them. There are other common indicators on the model also.

weekly, chart, oil
Weekly Trendline Crude Oil Trading Model April 17 201 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/6QQ9NQDr-Weekly-Trendline-Crude-Oil-Trading-Model-April-7-534-PM-FX-USOIL/

crude, oil, trading ,strategies, weekly
Weekly Trendline Crude Oil Trading Model April 7 534 PM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous;

https://www.tradingview.com/chart/USOIL/hZ7LN7Y2-Weekly-Trendline-Crude-Oil-Trading-Model-1219-April-1-FX-USOIL-W/

oil, weekly, chart
Weekly Trendline Crude Oil Trading Model 1219 April 1 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Monthly Oil Trading Model.

Price currently testing quad diagonal Fib trend line resistance.

https://www.tradingview.com/chart/USOIL/a17rpOL5-Monthly-Structure-Crude-Oil-Trading-Model-April-17-205-AM-FX-USO/

monthly, chart, structure
Monthly Structure Crude Oil Trading Model April 17 205 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per recent;

https://www.tradingview.com/chart/USOIL/QswfAw7E-Monthly-Structure-Crude-Oil-Trading-Model-April-8-1244-AM-FX-USO/

Monthly Structure Crude Oil Trading Model April 8 1244 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies
Monthly Structure Crude Oil Trading Model April 8 1244 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Per previous

https://www.tradingview.com/chart/USOIL/sttZx83M-Monthly-200-MA-Crude-Oil-Trading-Chart-April-8-1247-AM-FX-USOIL/

monthly, oil , chart
Monthly 200 MA Crude Oil Trading Chart April 8 1247 AM FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

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, Futures, Strategy, USOIL, WTI, CL_F, USO

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Crude Oil Trading Strategies | Private Client Member Premium Publication

Curt MelonopolyCrude Oil Trading Strategy, , , , ,

Below are the updated crude oil trading models in chart form to be used in forming trading strategies for day trading, intra-day swing trading and swing trading weekly and monthly time frames.

The charts are suitable for  human mechanically executed trading and are also the models our coding staff are using for our crude oil machine trading.

With each chart model there are trade strategy notes of consideration.

If you have any questions about the models below please email us at [email protected].

Please note, the charts are distributed to various groups and individuals with various url’s. If you are using more than one device to access the charting please email us a general description of those devices to assist us in controlling dissemination.

EPIC Crude Oil Algorithm Model.

Resistance and support is at each line on the algorithmic oil model chart. The primary areas are quad walls and channel support and resistance (orange dotted), mid channel line (white dotted), Fibonacci (various horizontal colors), historical support and resistance (purple), The swing trading range is from thick horizontal gray line to the next.

https://www.tradingview.com/chart/USOIL/0ENSoplS-One-Min-Crude-Oil-Trading-Model-521-PM-Mar-31-FX-USOIL-WTI-USO/

EPIC, crude, oil, model, algorithm
EPIC 30 Min Crude Oil Trading Model Intra-day crude oil trade. Mar 31 500 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

EPIC Oil Algorithm Up Channel Scenario with Price Targets.

crude, oil, algorithm
EPIC 30 Min Crude Oil Trading Model. Weekly uptrending scenario. Mar 31 501 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

EPIC Oil Algorithm Down Trending Scenario with Price Targets

EPIC, crude, oil, algorithm, down channel
EPIC 30 Min Crude Oil Trading Model. Weekly down trending scenario. Mar 31 502 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm

One Minute Oil Trading Model.

The one minute oil trading model provides for pinpoint trade entry, sizing and exit points. It is also used for squeeze scenarios in oil daytrading. The main range is between the red / blue areas with thicker dotted white lines.

https://www.tradingview.com/chart/USOIL/0ENSoplS-One-Min-Crude-Oil-Trading-Model-521-PM-Mar-31-FX-USOIL-WTI-USO/

1 minute, oil, chart
One Min Crude Oil Trading Model 521 PM Mar 31 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

5 Minute Crude Oil Chart Model.

The five minute oil trading strategy chart below includes a Elliot impulse 5 wave component for when oil is trading intraday on this time frame. The horizontal uptrending green lines can be used as support and resistance decision areas.

https://www.tradingview.com/chart/USOIL/VizqJrPf-5-Min-Crude-Oil-Trade-Model-concept-chart-456-PM-Mar-31-FX-USO/

5 min, oil chart
5 Min Crude Oil Trade Model (concept chart) 456 PM Mar 31 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

30 Minute Crude Oil Trading Structure.

The 30 minute structure primarily uses the Fibonacci trendlines that for the diamond shapes (quads) and the mid / top / bottom of quads marked in white dotted horizontal lines (key support and resistance areas).

Pay special attention to the relation between the intra-day price of crude oil and the 20 MA and 200 MA on the 30 minute chart.

https://www.tradingview.com/chart/USOIL/su8pnCYm-30-Min-Alternate-wide-view-Crude-Oil-Trading-Model-906-PM-Mar/

30 min, oil, chart,micro
30 Min Alternate (wide view) Crude Oil Trading Model 906 PM Mar 31 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

30 Minute Micro Oil Trading Structure 

https://www.tradingview.com/chart/USOIL/jrmZ8InZ-30-Min-Alternate-micro-view-Crude-Oil-Trading-Model-1013-PM-Ma/

30 minute, oil, chart
30 Min Alternate (micro view) Crude Oil Trading Model 1013 PM Mar 31 FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Strategies

4 Hour Symmetry Chart Model.

Crude oil has been trading in the channel on this algorithmic model since an 7, 2019. The white dotted lines at the top and bottom of this structure are support and resistance in the trending channel. The targets are historical hits. The white targets are showing a possble divergence to trade either up or down in to either of the white targets in this time cycle.

https://www.tradingview.com/chart/WTICOUSD/Z6GiJd5a-4-Hour-Symmetry-Crude-Oil-Trading-Model-1118-PM-Mar-31-FX-USOIL/

4 hour, oil, symmetry, chart
4 Hour Symmetry Crude Oil Trading Model 1118 PM Mar 31 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

4 Hour Oil Concept Trading Model.

The 4 hour crude oil concept model below has trendlines, Fibonacci support and resistance horizontal lines (pay close attention to the gray horizontal lines) and diagonal algorithmic Fib trend lines (orange dotted).

https://www.tradingview.com/chart/WTICOUSD/ZcpM2Fqk-4-Hour-Concept-Crude-Oil-Trading-Model-1202-April-1-FX-USOIL-WTI/

4 hour, oil, chart, concept
4 Hour Concept Crude Oil Trading Model 1202 April 1 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Daily Trading Model.

The daily time frame provides a larger structure to consider. The diagonal Fib lines are important as are the mid quad horizontal lines. The moving averages (especially the 200 MA) should be considered in your trade strategy.

https://www.tradingview.com/chart/USOIL/XU1qo0wA-Daily-Chart-Structure-Crude-Oil-Trading-Model-1226-April-1-FX-US/

daily, oil, chart
Daily Chart Structure Crude Oil Trading Model 1226 April 1 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

Weekly Oil Trading Model.

The most important signals on the weekly chart model below are the red historical trend lines. Pay very close attention to them. There are other common indicators on the model also.

https://www.tradingview.com/chart/USOIL/hZ7LN7Y2-Weekly-Trendline-Crude-Oil-Trading-Model-1219-April-1-FX-USOIL-W/

oil, weekly, chart
Weekly Trendline Crude Oil Trading Model 1219 April 1 FX USOIL WTI $USO $CL_F #Oil #Trading #Strategies

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, Futures, Strategy, USOIL, WTI, CL_F, USO

Follow:

 

Read More