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 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.
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
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).
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.
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.
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.
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.
Further Learning:
If you would like to learn more, click here and visit our Crude Oil Trading Academy page for complimentary oil trading knowledge – posts from our top crude oil traders that includes learning systems, blog posts and videos.
Welcome to NYMEX WTI Light Sweet Crude Oil Futures.
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Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States
Article Topics: Day Trading, Crude, Oil, Trade Alerts, Trading, Oil Trading Room, Strategy, Signals, Shorting, Support, Resistance, Reversals, USOIL, WTI, CL_F, USO
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Tools You Can Use to Day Trade Crude Oil for a Better Win Rate- 90%+ Is Within Reach.
How to Trade Oil Successfully with the Right Strategies: Trade Alerts, Chat Room Signals, Live Trading Room, Conventional Charts, Time Cycle Knowledge and Algorithmic Models.
My position in this post is simple; if you have the technical data needed to make the right trading decisions on all time frames (your oil trading strategy) provided to you (the oil day trader) in the most efficient manner, you can out trade the general market traders and compete with world class machine oil trading firms.
We endeavor to provide such a trading platform for our members. Below I explain how we are doing that.
But first, a trade coaching session for those learning to get on the winning side of their trading… if you are a pro that only needs the technical oil trading strategies included in this post… skip this rant and scroll down.
Why do I scream from the rooftops that my win oil trading rate is so high? Why do I scream transparency and documentation of my trading journey and the development of our oil trading systems?
I scream my win rate (that anyone can review our live recorded and time stamped documentation to verify) to drive home that you do not have to accept what the book selling circle jerk crew tries to sell you, “trade price, nobody knows the future and that a 60/40 win rate is acceptable” – this is a flawed process.
You do not have to accept what the book selling circle jerk crew tries to sell you.
Study our oil trading system development and you will find that trading price doesn’t work in oil and that thinking you can’t know the future (future decisions for up, down or sideways trade and the most probable price targets) is foolish thinking.
We know with high probability where price is going to be on any time frame (from a 1 minute chart to a monthly chart and all between) and we know with high probability how to trade the decisions a trader will face on the way to the possible price targets.
We know the natural trading structure of the financial instrument – in other words, we know the playing field. We play the game with the lights on while the majority of our competition is in the dark.
We know the natural trading structure of the financial instrument – in other words, we know the playing field.
A 60/40 win rate is painful, to accept and use that system you have to take a series of significant losing side cuts to only then take advantage of a winning swing trade trend pattern move. In other words, the problem with their process is that you win big when you win but you have to endure pain to get the big win. I do this myself, but only with 10% of my account.
For example I have been DWT short for a number of weeks in preparation for the reversal in oil trade we are now experiencing. But I do it so that I get the move even when I don’t have time to day trade it.
The problem with their process is that you win big when you win but you have to endure pain to get the big win.
Another problem with the 60/40 idea (and there are hundreds of problems with this thinking) is that oil can trade sideways for many weeks, in this scenario you get chopped up and this causes your brain to be confused and you begin questioning yourself.
The method we are developing, perfecting and teaching (that we have documented live in every fashion available for proof) has a much higher rate of return and win side rate, it allows you to be in cash daily, it is much less stressful (the draw downs when you do lose can be next to zero) and it is the equivalent of Wayne Gretzky on the ice (for example).
You can simply “out stick handle” your competition.
To be a 90%+ oil trading winner takes real work to learn, but on the other side you will have much less stress, you win more often, your ROI and ROE increase significantly, your lifestyle freedom increases and the most important part is it keeps your brain in the frame work of being a winner.
Worst case scenario – you add what you can or what you prefer to use of what we have learned and passed on to you so that your oil trading win rate increases.
The bottom line.
It is critical for your brain to know it wins. When it knows you are a winner it won’t accept losses. This is critical (you would have to do a serious psychological study to learn why this is so important – maybe someday I will write about what I’ve learned).
The bottom line is that your brain develops patterns of habit that manifest in reality. Your subconscious is the leader, and it needs to know when it trades crude oil, that you win.
The bottom line is that your brain develops patterns of habit that manifest in reality.
The only way this is possible (your brain knowing that you win so it won’t accept losing which causes your execution to be disciplined) is to be able to “out -trade” your competition.
Sure, you are competing with yourself – but in reality you are competing against the world’s best when you enter the markets everyday.
The only way to out-trade your competition is to have technical market information and tools they simply do not possess and / or do not have “as efficient” access to and they haven’t defined their trading process and skill-set to the same level you have.
This is what causes one to trade win-side at a rate of over 90%. And anyone can do it.
Lets Get on With The Technical Oil Trading Strategies You Can Use to Day Trade Crude Oil for a Better Win Rate.
Oil Trade Signals: The Strategy / Guidance I Provided to Members at Start of Week.
Crude Oil Time Cycles, Area of Trade, Support, Resistance, Trading Channels.
Note: The time stamps on the Private Member Discord Oil Chat Room Server is showing my time in the Dominican Republic (this time of year it is one hour later here in DR than Eastern Time in New York).
For this post (that focuses on examples from Friday Jan 18, 2019 in our oil trading room) I will start with trade signals I provided to our members at the beginning of the week (and some prior) to provide context for the guidance explained.
Below (3rd image down) you will find a private member server screen shot (to start the week of Jan 14, 2018) I shared with the chat room of a test chart our oil machine trade coding technicians are developing for sizing trades.
In addition to using our main oil charting (the EPIC Oil Algorithm model – a proprietary model based on a 30 minute oil chart) we use many other charts (conventional and algorithmic) on many time-frames to determine back tested and correlated probabilities for oil trade resistance, support, channels, reversals, time cycles and more.
In the instance below (at start of last week) I was signaling the possible channel oil would use for weekly trade – specifically if the scenario played out during weekly trade as it related to the previously provided signals to members (that we seen a time cycle ending in crude oil December 20, 2018).
Prior to this, we had provided members (many weeks in advance of Dec 20) that the time cycle peak / conclusion was for approximately Dec 20 (with allowance for a week either way of Dec 20 because the time cycle was so large as it was based on the weekly time cycle charting).
Then on Dec 26, 2018 oil did in fact turn up in trade and hasn’t stopped trading upward since.
Between Dec 20 and Dec 26 there was one last “flash down” in oil trade which is typical at the end or peak of a time cycle on any time frame from the one minute charting to monthly charting (this is typical of the final stops being triggered and shorts covering positions).
Then on Dec 26, 2018 oil did in fact turn up in trade and hasn’t stopped trading upward since.
Oil hit a low of 42.38 on FX USOIL WTI on Dec 24, 2018 and closed Friday Jan 18, 2019 at 52.38 – less than one month later.
Oil hit a low of 42.38 on FX USOIL WTI on Dec 24, 2018 and closed Friday Jan 18, 2019 at 52.38 – less than one month later.
Also of note, we predicted the down turn in oil trade at the time cycle peak – the time cycle turn prior to the Dec 20, 2018 reversal.
See this tweet from EPIC Oil Algorithm Public Twitter feed and the post linked to our blog.
“Dating back to 2002, 13 of 14 major time cycles on weekly crude oil chart structure seen trend reversal to some extent or another #Oil #OOTT #TimeCycles FX USOIL WTI $CL_F $USO $UWT $DWT https://www.tradingview.com/chart/USOIL/F8Z9UE66-Dating-back-to-2002-13-of-14-major-time-cycles-on-weekly-crude/ …
Dating back to 2002, 13 of 14 major time cycles on weekly crude oil chart structure seen trend reversal to some extent or another #Oil #OOTT #TimeCycles FX USOIL WTI $CL_F $USO $UWT $DWT https://t.co/0KBzovjn94 pic.twitter.com/ptq1OvfeSi
— EPIC Crude Oil Algorithm (@EPICtheAlgo) January 13, 2019
Back to Strategic Guidance Provided to Oil Chat Room Last Week:
The oil trade signals I alerted to members to assist in their oil trade strategy focused on the trading range our members could expect for oil the coming week. The alerted signals also gave our traders support and resistance areas on the charting and the most probable channel of trade (this is all in addition to the EPIC Oil Trading Weekly Report).
Curt Melonopoly Last Monday at 8:49 AM (7:49 AM EST)
“It’s a machine coding doodle chart for sizing etc so its a mess, but we are looking for channel highlighted in yellow to hold for trend reversal confirmation in crude oil – use proven EPIC model for confirmation for trading”.
Oil Chat Room – looking for channel highlighted in yellow to hold for trend reversal in crude oil
Below is a screen shot of the live oil alert feed on Twitter providing the following signal to our members for the week:
“Under 52.16 FX USOIL WTI I am short term bearish, over 52.16 bullish to 53.34 and over to 55.65 – main test areas over head on weekly time frame.”
Under 52.16 FX USOIL WTI I am short term bearish, over 52.16 bullish to 53.34 and over to 55.65 – main test areas over head on weekly time frame.
The examples above provide context to the guidance we provided our oil members at recent time cycle turns and at the beginning of the week…
Now lets jump to the specific point of this post that involves trade last Friday December 18, 2019 so we can learn how to day trade the opportunities in crude oil.
At 6:40 AM Friday Jan 19, 2019 I signaled the oil chat room that oil trade looked bullish and that our traders could expect a push toward the 53.40 resistance.
You can see on the chart / screen capture below how trade for the week had maintained the channel and that oil trade was following a trajectory (light blue vertical line) that I had outlined in the chat room earlier in the week as a probable upside strategy.
The strategy for the trajectory of the uptrending blue arrow was based on trajectory of time cycle targets on the short time frame assuming oil was bullish (price targets on our algorithmic charting can be assumed at where important trend lines cross, this is consistent through all time frames on all algorithmic models – this takes some time to learn).
The resistance I was alerting our members was at the top of the trading channel so they were aware of where to be aware of possibly trimming positions or at minimum being on watch for intra-day stall in trade.
“They’re pushing for that 53.40 area today (upside scenario), above could cause a significant squeeze”.
Crude Oil Chat Room Signal – They’re pushing for that 53.40 area today (upside scenario), above could cause a significant squeeze.
On this screen capture from the oil chat room I am showing our members that trade intra day was in the bullish scenario on a 4 hour test chart. Reconfirming the bullish scenario for day trading oil upward in Friday’s trade.
You will also notice at the bottom of the screen capture – the noted alert at the bottom of the screen, “53.50 is top of quad ton EPIC model resistance today, trading 52.83 intra” that this set-up coincided with our proprietary oil algorithm charting (the core oil algorithm charting – the core of our methodology, is not included in this post).
The core oil algorithm charting – the core of our methodology, is not included in this post.
On this screen capture from the oil chat room I am showing our members that trade intra day was in the bullish scenario on a 4 hour test chart
Earlier that morning Jeremy has posted a link in the chat room to the article and video post covering trade from Thursday’s session and explanation of the one minute trading box set-up. You can study the set-up at the link below;
By far one of the most important crude oil trading articles we have posted since our inception.
Protected: How I Day Trade Crude Oil on One Minute Chart | Trading Signals | Alerts (with video)
Password: ********
At 920 AM right before regular market open I provide chat room a crude oil position signal for preferred long entry point.
I also re-confirm my expectation that probability for the top of the quad area of the oil algorithm in trade gets hit and that my entry signal price target (preferred entry is 52.40) so that our traders could make their own decisions for execution.
Also mentioned here, the one minute trading model (the trading box area) as the preferred entry price so that our members know where I derived the 52.40 entry preference from.
At 920 AM right before regular market open I provide chat room a crude oil position signal for preferred long entry point.
Crude oil trade alert in chat room screen shot of long execution in to open and other alerts. Long oil at 52.67 with trims at 52.93 and 53.08.
Crude oil trade alert in chat room screen shot of long execution in to open and other alerts.
Alert in oil chat room that I was closing the oil day trade at 53.03 due to internet issues and reiteration of price target 53.50 for day trade.
Then the price target for the day trade was hit. A 90 tick move so far on the day.
Alert in oil chat room that I was closing the oil day trade due to internet issues and reiteration of price target for day trade.
Below is screen shot capture of crude oil chat room of posted oil chart images of predictability of 1 minute oil day trading strategy in trading box model (as previously posted above – the Thursday featured blog post the day prior) when crude oil squeezes intra-day.
Screen shot of chat room images of predictability of 1 minute oil trade in trading box model when crude oil squeezes intra day.
As the day trading session progressed I provided a number of alerts to impending resistance on all time frames in crude oil trade range expected for the day.
heavy resistance confirming on all time frames, but in a sqz u never know
As the day trading session progressed I provided a number of alerts to impending resistance on all time frames n crude oil trade range expect for the day.
Resistance areas of oil trade for guidance for day traders to consider trimming or closing positions.
Resistance had been hit on two 4 hour charts and the EPIC Oil Algorithm 30 Minute Model at this point of trade intra-day. Other charting time frames had resistance also.
Resistance areas of oil trade and guidance for daytraders to consider trimming or closing positions.
240 Min Test Chart Scenarios posted to oil chat room revising the previous so that day trading signals for oil are updated.
240 Min Test Chart Scenarios posted to oil chat room revising the previous so that day trading signals for oil are updated.
LIVE OIL TRADING ROOM VIDEO | HOW TO DAY TRADE CRUDE OIL – STRATEGIES I USE.
#daytrade #crudeoil
Summary Notes for Video:
Note: Voice broadcast starts at 16:25 on video. When I am trading and on mic is noted below (the location times on video).
At 16:25 on video “I am triggering long 52.67 with tight stops because of test on 240 minute crude oil charting, so I may trigger in and out here, we’ll see. Will probably get in to pressure right in to open here but I didn’t want to miss the move. A little bit of FOMO.”
At 19:50 on video “The one minute candle turn in advance of market open is coming here, get ready for some pressure.”
Keep in mind the strategy guidance provided to members in the oil chat room specific to the preferred by trigger at 52.40 (in other words support on one minute day-trading model).
And Then The Internet Crashes! A Work Crew Down the Street Cut The Line.
At 23:00 mins on video I come on mic to announce the internet problem to the trading room (at which time I didn’t know what the specific problem with the internet was).
At 24:50 on video the pressure in oil trade comes (which made sense to me considering the resistance decision but I decided to hold because oil was so bullish through the time cycle). I could have cut and re-entered which may have yielded a better profit by 10 ticks or so.
And then the internet continues to crash intermittently. Had the internet not been crashing I would have been on mic providing our traders guidance.
At 56:40 I announce we are back up on a cellular network and that I am holding the position.
At 1:10:50 On video I announce I am trimming at 53.08 holding 25% – there was significant resistance on the EPIC Oil Algorithm so I trimmed.
In the trading chat room (not on video due to internet issues) I announce I am closing trade due to internet issues even though price wasn’t to the top of the algorithm quadrant and price target for the day, “closed 53.03 may re enter i had to close due to internet.”
Had the internet been restored timely I would have traded right top of quadrant and price target for the day.
At 1:18:00 on video you can see trade hitting the price target for the day (top of algorithm quadrant).
In a normal scenario I would have been trading the one minute trading chart model in the trading boxes and on mic in the trading room announces my trades. But on this day as fate would have it I couldn’t do it because I couldn’t risk the internet crashing while on the temporary cellular platform we were using.
Important note:
Much of the proprietary charting links, member oil reporting, and proprietary algorithmic charting is not included in this post. In 2019 we have started to limit dissemination of proprietary content due to copy cat trading firms.
Summary Thoughts for Context.
It is important to note that there were many many more trade alerts, charting updates, chat room trades / signals / guidance and trading room live trade coverage for the week.
Our members have much, much more information available to them for crude oil day trading decisions needed every day of the week on all time frames.
Having advanced technical know-how derived from a systematic scientific process that gets fed in to our various oil trading platform services to trading members allows for our members to “out stick handle” the everyday trading community and compete with world class machine trading firms.
My win rate and the oil machine trading win rate was well over 90% for the week and the reason is the combined tools available – available to myself, to our machine trading techs and thus the developed software and also made available to the members in our oil trading service.
If you have any questions send me a note please!
Best and peace!
Curt
PS Remember to protect capital at all cost, cut losers fast and know that when you win you really win. Use the 1 min charting model for entry timing, cut losers fast and re-enter if you have to. Do that until you learn how to be a regular win-side trader.
Further Learning:
If you would like to learn more, click here and visit our Crude Oil Trading Academy page for complimentary oil trading knowledge – posts from our top crude oil traders that includes learning systems, blog posts and videos.
Welcome to NYMEX WTI Light Sweet Crude Oil Futures.
Subscribe to Oil Trading Platform:
Standalone Oil Algorithm Newsletter (member charting sent out weekly).
Real-Time Oil Trading Alerts (Private Twitter feed).
Oil Trading Room / Algorithm Newsletter / Alert Bundle (includes weekly newsletter, trading room, charting and real-time trading alerts on Twitter).
Commercial / Institutional Multi User License (for professional trading groups).
One-on-One Trade Coaching (Via Skype or in person).
Click here to find all information and pricing on Oil Newsletter, Trading Chat Room, Oil Alerts and more.
Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States
Article Topics: Day Trading, Crude, Oil, Trading, Signals, Strategy, Alerts, Trade Room, Chat, Algorithm, USOIL, WTI, CL_F, USO
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This Article Covers a Very Important Trade Signal for Crude Oil Day Traders: How to Day Trade Crude Oil Using One Minute Chart.
Trade Alert Screen Shots and Trading Room Video Included Below.
Voice broadcast starts at 0:20 on video.
This is One of The Most Important Articles We Have Published for Oil Trading Traders Since Starting Our Service.
Thursday was a huge day for our development team for crude oil trading signals required for alerting day trading crude oil.
The patterns in crude oil are very important, especially as it relates to the one minute day trade signals because trading oil can be volatile.
Trade can move very fast in crude oil futures so a trader needs signals on the lower time frame (1 minute charting) that he/she can trigger with confidence. This is a very big development for us at Compound Trading Group.
Be sure to actually listen to the video included in this report because the text version does not explain every important detail required for a day trader to completely understand how the signals work for executing trades with precision.
Crude Oil Trading Rules Based Process
On the video I discuss the importance of the rules based process for trading crude oil with buy and sell triggers (signals / strategies) are reviewed.
Setting Stop Loss When Trading Crude Oil
The above relates (determines) to the stop loss you set for each oil charting time frame for triggering orders. Time frames being the different chart time frames for 1 min, 5, 15, 30, 1 hour, 4 hour, daily, weekly and monthly.
240 Minute (Algorithmic Model Test Chart)
This morning, trade in crude oil held the key support on the 240 min (4 Hr) chart reviewed.
If the chart structure holds the possible move up on the next extension (and the move lower) is also discussed.
Support and resistance is discussed on the chart structure as is price targets and time cycle completions.
The chart is still bullish. The bearish and bullish considerations are discussed.
Crude Oil 4 Hour Chart (we are testing structure) for Buy Sell Signals.
Crude Oil 240 Min Test Chart Jan 18 458 AM FX USOIL WTI CL_F $USO #algorithm #crude #oil
Machine Daytrading Sizing Test Chart Signals for Trade.
Crude Oil Trading 240 Min Test Chart for Sizing Machine Trade Software FX USOIL WTI $CL_F $USO #Oil #Trading
Day Trading Crude Oil Signals on the 1 Minute Chart (Pattern on Chart for Entering Positions)
The trade signal pattern for triggering the 1 minute oil chart trades is reviewed in detail.
When oil was selling off earlier in the day trade lost the mid channel line, came back and tested it and then dumped.
Rich in the Discord crude oil private member server had asked if the software was turned on and Jeremy had responded that order flow was the likely reason why the machine trade software did not trigger on the short.
Oil price sold off it traded in to the bottom of the quadrant on the EPIC Crude Oil Trading Algorithm and over shot the support.
Price bounced off a historical support line on the EPIC model (purple horizontal lines).
The challenge for traders executing trade orders on the oil chart is exactly where to enter your trade and the stops that should be set therein.
The 1 minute day trading chart is reviewed. The technical indicators on the charting discussed are;
- The trading box area on the chart.
- The pivot areas on the chart.
- The pattern of trade that is important for triggering your trade.
The trading channel for oil is reviewed on the video (the chart).
I am convinced we have established the chart pattern in crude oil for the one minute signals on day trading time frame. This is a big deal.
The W Pattern (trade signal) on 1 minute chart for day trading Crude Oil.
Crude Oil Day Trading – Buy Trigger Trade Signal W pattern in chart confirmed on EPIC Crude Oil Algorithm #Crude #Oil #Daytrading
Below is the chart for triggering on the buy signal on EPIC model (30 minute crude oil chart) as it relates to 1 min daytrading signal above.
Crude Oil Day Trading – Buy Trigger Trade Signal W pattern in chart confirmed on EPIC Crude Oil Algorithm #Crude #Oil #Daytrading
Is Over 5,000.00, 10,000.00 or even 20,000.00 In Profit Weekly Possible Day Trading Crude Oil on The EPIC Model With One Contract Sizing?
Trading one contract at a time with six – twelve times per week based on the signals provided on the charting (and eventually on the trade alerts) has the potential of returning massive weekly returns. Can it be done? We’re getting close all the time.
Trading the outside areas of the oil trading model (quadrants), the mid line of the channels and the mid quad support and resistance areas can do that. We may not get to 20,000.00 – it could be 10,000.00 or 5,000.00, it doesn’t matter whether it is 5K or 20K. The point is that if we can get the signals perfected to the best possible degree with a high win probability then it is possible.
Our current win rate is high, very high. Review our alert feed on Twitter or in the private member Discord Oil Trading Chat Room.
This is why the one minute day trading signals are so important, because a trader has to be confident in the entry of trade so they don’t get chopped up.
Crude Oil Trade Alert Signals
Below are the screen shot captured of alerts from the private member oil trading Twitter feed. You will notice that I am signaling day trades for the members AND the machine technician is signaling trades on the feed also.
The First Crude Oil Trade Alert Signaled for The Day – Short at 51.20
Crude Oil Trade Alert (screen shot of alert feed) Selling 51.20 – CURT, will advise #crude #oil #alert #signal
Second Alert (screen shot from Oil Trade Alert Feed) Explains Trade Signal is Based on Support at Bottom of Quadrant on Model.
Trade Signals for Oil Alert by Lead Trader – Tight stops here, test area at bottom of quad. #crude #oil #signals
Then the machine oil trading technician immediately after my alert signals a reversal in oil trade is very possible.
Then the machine oil trading technician immediately after my alert signals a reversal in oil trade is very possible.
Signal to cover 25 percent of trade – Cover 25% 51.03.
Signal to cover 25 percent of trade – Cover 25% 51.03
Here I Signaled on the crude oil trade alert feed that I did in fact reverse the trade – reversed 51.30 tight stops CURT
Here I Signaled on the crude oil trade alert feed that I did in fact reverse the trade – reversed 51.30 tight stops CURT
Immediately after my reversal trade signal oil alert the machine tech alerts a buy signal… M – HFT buys initiated 51.36 will advise.
Immediately after my reversal trade signal oil alert the machine tech alerts a buy signal… M – HFT buys initiated 51.36 will advise
Then my alert signaling to take some profit on winning trade – Trimming 51.53 25% of the position.
Then my alert signaling to take some profit on winning trade – Trimming 51.53 25% #crude #oil #trading #signals
Machine program signals closing trade for profit in advance of regular market open – after other signals alerted on feed. If you look at screen shot below closely (the feed), you will see the other signaled trade guidance. “M – Machine program closed 51.47 for open timing on software and stops triggered. Set at 8 mins either side. Will advise”.
Machine program signals closing trade for profit in advance of regular market open – after other signals alerted on feed.
Next alert in oil trade signaling trims on profit for the day trade. Trim 25% 51.63 CURT.
Next alert in oil trade signaling trims on profit for the day trade. Trim 25% 51.63 CURT.
Alert signaled to close the winning trade. Close 51.66 will re enter if it gains upper area of quad.
Alert signaled to close the winning trade. Close 51.66 will re enter if it gains upper area of quad.
I reiterate that it is critical for oil day traders reviewing this article to really listen to the video. If you want to learn how to day trade crude oil with the best signals we have available be sure to study the video. There is a lot of data covered in this video post.
If you have any questions send me a note please!
Best and peace!
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 lead traders that include learning systems, blog posts and videos.
Welcome to NYMEX WTI Light Sweet Crude Oil Futures.
Subscribe to Oil Trading Platform:
Standalone Oil Algorithm Newsletter (member charting sent out weekly).
Real-Time Oil Trading Alerts (Private Twitter feed).
Oil Trading Room / Algorithm Newsletter / Alert Bundle (includes weekly newsletter, trading room, charting and real-time trading alerts on Twitter).
Commercial / Institutional Multi User License (for professional trading groups).
One-on-One Trade Coaching (Via Skype or in person).
Click here to find all information and pricing on Oil Newsletter, Trading Chat Room, Oil Alerts and more.
Curtis Melonopoly (@curtmelonopoly) is rated Top 250 Stock exchanges authority, covering also Mathematical finance and Economy of the United States
Article Topics: Day Trading, Crude, Oil, Trading, Signals, Alerts, USOIL, WTI, CL_F, USO
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Crude Oil Algorithm Trading Chart Report (EPIC) w/ Machine Trading Sunday Jan 13, 2019.
FX: $USOIL $WTI $USO $CL_F $UWT $DWT $UCO $SCO $ERX $ERY $GUSH $DRIP
Welcome to the oil trading algorithm report. My name is EPIC the Oil Algorithm and I am one of seven primary Algorithmic Chart Models in development at Compound Trading Group (there are over one hundred in total in development at various stages in various markets).
NOTICES:
New members to our oil algorithm charting models, oil trade alerts and oil trading room are encouraged to on-board in a way that equips you as an oil trader for consistent profit.
Visit my public Twitter feed EPIC Oil Algorithm Twitter (@EPICtheAlgo) and review tweets over the last few months, visit our blog and review the recent crude oil trading algorithm blog posts, You Tube channel “how my oil algorithm works”, “how to use my charting”, weekly EIA oil report videos and our website explains how the oil algorithm was developed.
Invaluable are the crude oil trade alerts (available with or without the trading room / weekly report bundle) and the private member crude oil trading chat room on Discord (included in the bundle) and attendance to the live trading room.
The live alerts are important if you are not at your trading screens 24 hours a day and the chat room allows for interactive lead trader oil trade set-ups as each oil trade approaches. All bundle members can access the live oil trading room when active also.
Reviewing important points of reference and engaging the subscription resources will increase your probability of success considerably. This report also includes links to some recent example “how-to” videos.
Oil Trade Coaching – We strongly suggest users of this algorithmic crude oil trading strategy opt for some level of private one-on-one coaching with our lead trader. Our lead trader is maintaining a crude oil trading alert win-rate of over 90% as of Sept 2, 2018 (time-stamped, live alert, recorded).
On our website one-on-one online coaching packages are available (coaching via Skype) or you can request a custom package reflecting the time you wish to invest in learning. To request a custom package suited to your needs email info@compoundtrading.com or click here for standard private trade coaching packages. Other options for coaching include online webinars, trade coaching bootcamps and private on location (in person) coaching sessions.
Oil Trading Room – How to Use the Oil Algorithm
Oil Trading Room – How to Trade Intra-day with my Algorithmic Oil Charting
Oil Trading Alerts. Live Lead Trader Video Trading w EPIC Oil Algorithm
Recent articles / videos from our blog about how to trade crude oil with our oil trading algorithm (if you are a newer member that needs an unlock code for any of the posts below please email compoundtradingofficial@gmail.com):
Crude Oil Trading Strategies | Oil Trading Room | Trade Oil Review
Crude Oil Trading Strategy | Technical Analysis & Guidance.
Crude Oil Trading Strategy: Career Trade Set-Up. Technical Analysis Trading Room w/ Video
Crude Oil Algorithmic Trading: A Simple Strategy That Wins – Real Life Example.
Daytrading Crude Oil: Buy Sell Signals Strategy for Intra-day Sell Off Reversal.
Crude Oil Trading Strategies: This Is It. How To Trade Crude Oil’s Next Move.
Protected: Crude Oil Trading Strategy – How I Will be Trading Oil in to Time Cycles.
Protected: Oil Trading Room – Oil Trading Signals with Lead Trader (plus video).
For the more articles / videos available visit our Crude Oil Trading Academy : Learn to Trade Oil page here.
MULTI-USERS: Institutional / commercial platform now available on our shop page.
SOFTWARE: My algorithmic charting is now also in the coding phase for our trader’s dashboard program. Please review my algorithm development process, about my oil algorithm story on our website www.compoundtrading.com and my oil algo charting posts on Twitter feed and/or this blog.
HOW MY ALGORITHM WORKS: I am an oil algorithmic model in development. My math is based on traditional indicators (up to fifty at any given time each weighted on win ratio merit – all not shown on chart at any given time) – such as simple math calculations relating to price and volume, Fibonacci, simple pivots, moving averages, Gann, Schiff and various other charting, geometric and mathematical factors. I do not yet have AI integration – only math as it relates to traditional indicators with the primary goal being probabilities. I am presented on (and used on) conventional trade charting as one would normally use.
The goal is to provide oil traders with signals for an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil – first with the reporting format as below, then with machine trading functions and an integrated intelligent assisted traders platform that will provide the user with various settings of automation and personal trade execution.
In the weekly report below you will find simplified levels represented on conventional and algorithmic charting for intra-day (day-trading crude oil), swing trading and investing.
This work (and associated trading) should be considered one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on with oil related financial instruments.
Forward questions to info@compoundtrading.com, private message our lead trader on Twitter or in the private Discord oil trading room.
For further information this link explains how our algorithmic charting is done, this YouTube video explains in summary how my algorithm works https://www.youtube.com/watch?v=LUNyxFoXJp8 this link for more information about our algorithmic stock charting models and what makes them different than most.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE SIGNAL (ON EVERY VENUE) IS VIDEO RECORDED, ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.
Oil Algorithm Observations:
Below is a link for the live algorithmic chart of EPIC the Crude Oil Trading Algorithm (Generation 1, Version 5 including black box modeling). The charting is a real-time trading chart represented on FX USOIL WTI published January 13, 2019.
Click on share button (bottom right beside flag) and when that screen opens click on “make it mine” to view real-time, make edits etc:
Crude Oil Trading Algorithm. Gen1.V5 (EPIC). Intra-day crude oil trade. Jan 12 1154 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
Note: The holiday anomalies in the chart model are near totally worked through, some remain, but not significant enough to detail.
Crude Oil Trading Algorithm. Gen1.V5 (EPIC). Intra-day crude oil trade. Jan 12 1154 PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
January 13, 2019
Generation 1 Model Oil Trading Signals
The first most predictable trade are the resistance and support cluster areas formed by long term chart trend lines (see charts that have trend-lines represented in red as made available below near bottom of this report – conventional charting trend-lines).
The second most predictable trade (wide trading range primary resistance and support that become predictable buy and sell triggers). Current algorithmic model wide trading range resistance (grey arrow – grey horizontal line) at approximately 54.45 in the current trading range. Current algorithmic model wide trading range support (grey arrow – grey horizontal line) at approximately 50.80 in the current trading range – these areas are general range support and resistance areas (our algorithm uses a .15 – .20 cent buffer on either side for these trades – if that is exceeded then trading price is likely to use the line as a pivot until a directional trending trade is established).
Trading between the resistance / support horizontal grey lines is extremely profitable risk – reward if one is disciplined to the patience required and follows the trend of trade.
More recently (as of September 2018) our back-testing has shown that the support and resistance areas noted are used in trade as a decision pivot – in other words, the price tends to pivot around these decision points on the chart and coil over a period of time and then spring out of the coil in an upward or downward trend.
The lower trading range is 47.14 – 50.79 and upper trading range 54.46 – 58.07.
Third most predictable trade (support and resistance of uptrend or down trend channels). On the chart an upward trending trade channel is presented and a downward option (channel support and resistance / trading range is represented as diagonal dotted orange lines and purple arrows – as made available, assist in displaying directional trade decision areas).
Fourth most predictable trade (support and resistance of 30 min quadrants). The diagonal lines make up quadrants (in this instance on a 30 min chart) and are represented as orange diagonal lines that make up geometric diamond shapes. These lines also assist in intra-day trade.
Fifth most predictable trade (support and resistance of most applicable Fibonacci) the Fib support and resistance lines are the horizontal lines in various colors with the exception of purple and yellow (see below). These horizontal lines become support and resistance for intra-day trade.
Sixth most predictable trade (support and resistance of historical support and resistance) Natural / historical support and resistance lines shown in purple or yellow – they represent historical support and resistance. The strongest of the historical support and resistance lines are shown in yellow horizontal and are typically accompanied by a yellow arrow marker.
Seventh most predictable trade signal we use are the time and price targets (red circles). When trade is in a significant uptrend or downtrend the targets become very precise and move up the indicator priority list quick.
Tues, Wed and Fri targets are most predictable in extended multi week up-trends or down-trends.
The Eighth most predictable trade is intra-day. You will notice on some of the charting geometric shapes in green on some of my charting (at times). They are charted live in the trading room and at times the lead trader will highlight these areas intra with white outlines (typically geometric shapes such as diamonds or triangles).
Intra-day Trading Bias
Intra day bias is up side trade as the MACD is turned up on the daily chart and this indicator is usually a leading indicator for oil trade on this time-frame. However, after the recent run up in price (since Christmas) and the pressure that came in to oil trade last week it is highly probable pressure continues in to this coming trading week.
Wide Trading Range – Buy and Sell Triggers for Swing Trading Crude Oil:
Swing trading bias / forward guidance as of Jan 13 12:01 AM EST is indecisive for the reasons noted above.
Review the charting and stay on top of the structures that play out in the different time frames. It has everything to do with the time frame you are trading.
Trade the ranges noted above between the thick grey lines (grey arrows) for the most predictable swing trades between 47.14 – 50.79, 50.80 – 54.44, 54.45 – 58.06, 58.07 to 61.69, 61.70 to 65.31, 65.32 to 68.92, 68.93 to 72.54, 72.55 to 76.14 and 76.15 to 79.74. This is a highly profitable risk-reward way to trade oil if you can be patient to trigger at only the break of the wide range charting areas and are disciplined to cut a losing trade that does not prove in your anticipated trend.
Or trade the range between the channel diagonal lines at support and resistance in up or down channel (orange dotted diagonals).
Significantly more advanced trading rules will be introduced over the coming weeks with the newer Machine Trading software development in full swing now.
Channel Trading Scenarios for this Week on the Model Shown on Algorithmic Model:
Follow the red circle targets up or down per the charts below.
THIS WEEK is more unclear than most in that channel trade could occur parallel to the channels noted on the charts below.
Crude Oil Trading Algorithm. Gen1.V5 (EPIC). Up channel scenario. Jan 13 1208 AM PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
Crude Oil Trading Algorithm. Gen1.V5 (EPIC). Up channel scenario. Jan 13 1208 AM PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
Crude Oil Trading Algorithm. Gen1.V5 (EPIC). Dwon channel scenario. Jan 13 1210 AM PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
Crude Oil Trading Algorithm. Gen1.V5 (EPIC). Dwon channel scenario. Jan 13 1210 AM PM FX USOIL WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
Gen 1 and Gen 2 Algorithmic Oil Trading Machine Driven Model Development.
Per recent report example:
Crude Oil Trading Algorithm. Gen1.V5 (EPIC). Hidden pivot locations. Oct 25 831 PM FX $USOIL $WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
Crude Oil Trading Algorithm. Gen1.V5 (EPIC). Hidden pivot locations. Oct 25 831 PM FX $USOIL $WTI $USO $CL_F #Crude #Oil #Trading #Algorithm
Per recent example;
Crude Oil Trading Algorithm. Gen2.V2 (EPIC). Machine trading intra-day. Sept 17 552 AM FX $USOIL $WTI $USO $UWT $DWT $CL_F #Crude #Oil #Algorithm #OOTT
This is an alternate machine trading model currently in development.
Crude Oil Trading Algorithm. Gen2.V2 (EPIC). Machine trading intra-day. Sept 17 552 AM FX $USOIL $WTI $USO $UWT $DWT $CL_F #Crude #Oil #Algorithm #OOTT
Per recent example;
Crude Oil Trading Algorithm. Gen2.V1 (EPIC). Machine trading intra-day. Sept 11 1246 AM FX $USOIL $WTI $USO $UWT $DWT $CL_F #Crude #Oil #Algorithm #OOTT
Crude Oil Trading Algorithm. Gen2.V1 (EPIC). Machine trading intra-day. Sept 11 1246 AM FX $USOIL $WTI $USO $UWT $DWT $CL_F #Crude #Oil #Algorithm #OOTT
Generation 1 Day-Trading Crude Oil 1 Minute Chart Signals
The trading box on the 1 min daytrading charting is key. Daytrading updates are often shared in the Discord Oil Chart Room.
Per recent example:
Crude Oil Day-Trading Chart Signals. 1 minute time.
Crude Oil Day-Trading Chart Signals. 1 minute time. Nov 6 1241 AM FX USOIL WTI $USO $CL_F #OIL #Chart
Crude Oil Swing Trade Charting.
Monthly Oil Chart(s):
Crude Oil Monthly Structure Test Chart. Jan 13 859 AM FX USOIL WTI $USO $CL_F #OIL #trading #charting
On the widest time-frame this monthly crude oil chart seems to hold support and resistance zones at diagonal Fibonacci (outside quad) trend lines and horizontal Fibonacci (mid quad) lines. The timing cycle vertical lines (green dotted) seem to be in play especially when you fractal the time frames down.
Trade is currently testing upside of 50 MA on monthly chart.
Crude Oil Monthly Structure Test Chart. Jan 13 859 AM FX USOIL WTI $USO $CL_F #OIL #trading #charting
Crude Oil Monthly Structure Test Chart – added support resistance markers and trading box. Jan 13 922 AM FX USOIL WTI $USO $CL_F #OIL #trading #charting
Lead Trader trading note: If I had this chart in recent trade I would have added to my DWT short when trade touched the lower TL line and trading box support area. I really like this monthly structured charting.
If you are swing trading crude oil I see no reason not to follow the support and resistance areas of this chart for swing trading using appropriate sizing flow at each decision.
Crude Oil Monthly Structure Test Chart – added support resistance markers and trading box. Jan 13 922 AM FX USOIL WTI $USO $CL_F #OIL #trading #charting
Weekly Crude Oil Chart(s):
Dating back to 2002, 13 of 14 major time cycles on weekly crude oil chart structure seen trend reversal to some extent or another #Oil #OOTT #TimeCycles FX USOIL WTI $CL_F $USO $UWT $DWT
Dating back to 2002, 13 of 14 major time cycles on weekly crude oil chart structure seen trend reversal to some extent or another #Oil #OOTT #TimeCycles FX USOIL WTI $CL_F $USO $UWT $DWT
May 13, 2018 chart post with important notes:
Oil retrace probability high, historically #timecycle Notes.
Previous Crude Oil Time Cycle Special Report for Context:
Dating back to 2002, 12 of 13 major time cycles on weekly oil chart have seen trend reversal to some extent or another #OILChart
Crude Oil Weekly Trend Line Chart – Structured support bounce last two weeks. Jan 13 1110 AM FX USOIL WTI $USO $CL_F #OIL #trade #charting
Crude Oil Weekly Trend Line Chart – Structured support bounce last two weeks. Jan 13 1110 AM FX USOIL WTI $USO $CL_F #OIL #trade #charting
Crude Oil Weekly Trend Line Charting – very busy chart Jan 13 958 AM FX USOIL WTI $USO $CL_F #OIL #trade #charting
Crude Oil Weekly Trend Line Charting – very busy chart Jan 13 958 AM FX USOIL WTI $USO $CL_F #OIL #trade #charting
Per recent for perspective:
Crude Oil. Weekly trend-line chart. Dec 17 403 AM FX USOIL WTI $CL_F $USO #OIL #trading
Crude Oil. Weekly trend-line chart. Dec 17 403 AM FX USOIL WTI $CL_F $USO #OIL #trading
Daily Oil Chart(s):
Crude Oil Daily Chart MACD still up with price on support of trading box with 50 MA test above Jan 13 1057 AM FX USOIL WTI $USO $CL_F #OIL #chart
Lots going on with this daily oil charting. Price bounced near that large trend line down-trending from previous time cycle (dotted gray) and near bottom of trading quad. Now testing 50 MA with reconfirmation of MACD. Bullish with an overhead test is the bottom line.
Crude Oil Daily Chart MACD still up with price on support of trading box with 50 MA test above Jan 13 1057 AM FX USOIL WTI $USO $CL_F #OIL #chart
Crude Oil Daily Symmetry Chart Jan 13 1127 AM FX USOIL WTI $CL_F $USO #crude #Oil #Symmetry
Crude Oil Daily Symmetry Chart Jan 13 1127 AM FX USOIL WTI $CL_F $USO #crude #Oil #Symmetry
Per recent for perspective:
Crude Oil Daily Symmetry Chart Suggests 41 area possible. Dec 17 424 AM FX USOIL WTI CL_F
https://www.tradingview.com/chart/USOIL/TcRHKafW-Crude-Oil-Daily-Symmetry-Chart-Suggests-41-area-possible-Dec-17/
240 Minute Crude Oil Chart(s):
Crude Oil 2490 Min Test Chart Jan 13 1132 AM FX USOIL WTI CL_F $USO #algorithm #crude #oil
Crude Oil 2490 Min Test Chart Jan 13 1132 AM FX USOIL WTI CL_F $USO #algorithm #crude #oil
30 Minute Crude Oil Chart(s):
Per recent;
Crude Oil 30 Min Simple Algorithmic Chart Model Nov 19 434 AM FX USOIL WTI $USO $CL_F #OIL #trading
Crude Oil 30 Min Simple Algorithmic Chart Model Nov 19 434 AM FX USOIL WTI $USO $CL_F #OIL #trading
Diagonal Trend Lines:
Diagonal trend-lines are critical inflection points (currently represented in red below on our conventional charting).
Please review many of my recent posts so you can learn about how important these diagonal trend-lines are. If one is breached you can look to pull-back to next diagonal trend line about 90% of the time. Also pay attention to how thick the lines are – the thicker the line the more important because they represent extensions from previous time / price cycles.
Remember you can come in to the chat room to message the trader and REMEMBER I have posted a live chart link in this post so if you can’t see the lines well on this chart above you can go to the live chart link and watch for member live algo chart links through-out the day in your email inbox!
Fibonacci Levels:
Watch the lines for support and resistance. Careful using them as traditional retracement levels with crude because the algo lines etc are more dominant / predictable. But the Fib lines are excellent indicators for intra-day trade support and resistance.
The Fibonacci lines are marked on main chart above.
Horizontal Trend-Lines (purple):
Horizontal trend-lines are not as important as the other indicators reviewed above, however, they do serve as important resistance and support intra-day for tight trading and they are important if thick (in other words they come from previous time / price cycles). WE STARTED TO REPRESENT THE REALLY IMPORTANT LINES IN YELLOW FYI FOR EASE. Refer to chart for current applicable horizontal trend-lines.
Horizontal trend-lines are marked on charts above.
Oil Time / Price Cycles:
Watch your email and / or my Twitter feed for time price cycles they may start to terminate.
Time / price cycles are the single most important indicator and my record calling them is near 100% – since inception seven months ago. The reason they are so important is that a trader does not want to be holding a crude oil instrument at termination of a time cycle if not absolutely sure if price will go up or down. A trade may choose to enter a large position in advance of a time price cycle termination IF THERE IS A HIGH PROBABILITY OF A DIRECTION IN PRICE and if the market is trading at a really important pivot area. In other words, if the market is trading at the bottom of the upward trending channel at a support (yellow lines) and we knew there was a significant probability of a time cycle about to terminate a trader may enter with a long position. The price really spikes or drops significantly when these important time cycles terminate.
The problem with time / price cycle terminations is they change from minute to minute (depending on where price is on the chart) so you have to be in the trade room to get the alert. Our lead traders will do everything they can in future to send these on SMS but we have to be careful because it can be difficult with so much going on in the room. The reason they (time cycles) change is because they are actually represented by or are geometric shapes in the chart – I know it sounds odd but I have (as I mentioned) hit these calls just shy of 100%. The oil political people know the same algorithmic modeling principles and they ALWAYS TIME THEIR BIG ANNOUNCEMENTS AROUND THE TIME PRICE CYCLE TERMINATIONS.
So if you can picture a triangle on the chart – and price is trading in the triangle – and price is going to come to the edge of the triangle and there is a significant support or resistance or an algo line terminating there too or a target (those type of indications)… then we know there is a high probability of a time and price change. In other words, it is where there are clusters of algorithm points that cross and when price is going to cross over that cluster is where they are. And these are represented on all the different time frames – the larger the time frame – the larger the time price cycle termination – the larger the spike or downdraft. This is where we establish our intra-day quadrants from for sniping trades (which we will put in to the room soon because it looks like the geo political rhetoric is over for a while making them more predictable). Difficult to explain in short. So we will do our best to SMS alert these in future.
Also, the real large or important time / price cycle terminations we know far in advance and they can be put in these newsletters.
If you review my Epic the Oil Algo Twitter feed, my blog posts and my story on our website you will get a feel for how accurate these calls are.
Alpha Algo Trading Trend-Lines (Primary – Red dotted lines. Secondary – White dotted lines):
To determine which algo line is most alpha (or probable) intra day, it is the nearest line to price action. This can also help you determine the trend of trade. If the algo line is trending up the price will follow it up until price is tested at an algorithm indicator (the main tests are diagonal trendlines, horizontal trendlines, time / price cycles etc – as I have shared with you). This is why it is important to watch all the lines because they are all support and resistance. To keep it simple trade the range (yellow lines) as I’ve mentioned but keep an eye on these indicators.
Current Alpha Algo Targets (Red circles):
Your closest target that crude is trending toward is always the most probable.Then, your second most probable is the one that is up or down trend depending on whether general price is in an upward or downtrend for the most recent week or so and what your other indicators look like (such as the MA’s I explained above).
The other way to determine which targets are in play is actually quite simple, you will notice that crude trades between the channel lines up and down and up and down and there are various support and resistance along the way. If it hits a target at the top of the channel you can bet most times (unless the next day like today) that the next target hit will be at the bottom of the channel.
Wait for the price to trend toward a target and take your position and watch as price gets closer and closer to the target. Remember, that the machines trade from decision to decision – or in other words from support to next resistance or resistance to next support or when the times come each week on Tuesday Wednesday and Friday they will trend toward the target that market price action determines they go to.
Our lead trader will explain more in the room and do not hesitate to ask our lead trader in the room by private message or on twitter to explain intra day decisions.
Recent Live Crude Oil Trade Alerts (sample signals):
See recent special oil reports, private alert Twitter feed and/or Discord private member oil chat room for many more examples.
Jan 13 – Recent trade alerts will be updated soon in more detail.
Machine trading crude oil with EPIC Oil Algorithm at open #Oil #TradingAlerts $CL_F FX USOIL WTI $USO #OOTT
Personal scalp trade when futures opened Tues night in crude oil $CL_F $USO #OOTT #OilTradeAlerts
Short $DWT (inverse Oil ETN) 13.55 starter Curt #Oil #Trade #Alert
We are short DWT (short oil ETN) from last week $USOIL $WTI $CL_F $USO $UWT #oil #trade #alerts
Machine trading screen shots from oil alert feed tonight. FX USOIL WTI $CL_F $USO #Oil #Trading #Alerts #OOTT #machinetrading
Recent Oil Algorithm Price Target Hits:
Jan 13 – Price Target Reporting will be updated soon.
Oil Intra-Day Algo Trading Quadrants (white dotted lines):
Trading quadrants are simply support and resistance lines that can assist your intra-day trading – they are not alpha or primary support and resistance by any measure. Price action does however typically move more assertively when leaving a trading quadrant.
Indicator Methods:
As explained above, my algorithm is a consideration of up to fifty traditional indicators at any one time – each one given its own weight in accordance to its accuracy (win rate). This is how we establish the probability of specific targets hitting (we call them alpha algo targets).
Alpha Algo Targets, Algo Trend-lines, Algo Timing, Quadrants for Intra Snipes
Algo targets are the red circles – they correspond with important times each week in oil reporting land. Tuesday 4:30 PM, Wednesday 10:30 AM and Friday at 1:00 PM. The red dotted diagonal lines are the algo trend-lines. And the vertical dotted (red or green) are marking the important times each week. You will find that the price of crude will hit one of the alpha algo targets about 90% of the time. In the absence of market direction the machines take price to the next algo line and/or target. Understanding how the price of crude reacts to the algos and how they move price from target to target is critical for intra-day and swing trading crude oil and associated instruments.
You will notice that price action of crude will use these algo trend-lines and act as support and resistance, and that price also often violently moves when an alpha algo line is breached either upward or downward.
We cover this in much more detail in the member updates, trading room. A review of my Twitter feed and previous blog posts will help you understand the relation of these indicators. We will start posting video blogs (for my subscribers) on YouTube (in addition to my daily blog posts) for swing traders that work during regular trading hours.
Also… we will cover how to establish algo trend-lines and price targets future forward (as you have seen me do on my Twitter feed for some time now).
Conclusion:
See you in the live trade room! And again, if you struggle to know how to use these indicators as a trader’s edge, it is recommended (if you have earnestly reviewed all of our documentation first) that you obtain private coaching prior to trading a real account with real money – we recommend you use a paper trading account at first.
You can also send specific questions to our email inbox at info@compoundtrading.com – if you do this be sure to ask a specific question so it can be answered specifically. When the 24 hour oil trading room opens you will have ample opportunity in that 24 hour room to ask questions also.
Watch my EPIC the Oil Algo Twitter feed for intra day notices and your email in box for member only material intra day also.
EPIC the Oil Algo
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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: EPIC, Crude, Oil, Algorithm, Trade, Alerts, Trading Room, Chat, Charts, Signals, Time Cycles, $USOIL, $WTI, $USO, $CL_F