Live Alerts for Oil, Swing Trading and Day Trading are now available only on either email and/or by following alert Twitter feed. If you did not get an email send an email to [email protected] and ask Sartaj to get you info. Most of those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.
Reporting and algorithms: We expect all to updated between now and Wednesday morning.
Connect with me on Discord and lets take this up a notch!
Morning momentum stocks on watch so far: $SPEX, $OPXA
Bias toward / on watch: $CARA for a possible bounce, Natural Gas should get a bounce soon, Oil should come off soon, Dollar should get moving soon, and Gold should get wacked soon. Soon being in next 30 days inflection on watch.
OTC on watch:
Gapping Premarket: $SPEX, $OPXA
Recent Momentum Stocks to Watch:
Stocks with News:
Recent SEC Filings to Watch: $PSTG Jun 22, CFO Sells 8255 Shrs; Net: -108.43k; Acq’d: 0; Disp’d: 8255 13.14/s https://is.gd/cQHEjO
Earnings On Deck:
Holds:$WMT, $NFLX, $XIV, $UWT, $UUP test starter swings. All other holds are small size (less than 5% of day trading account on total) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA (not including my swing trading or algorithm charting trades).
Recent Chart Set-ups on Watch: $TRCH, $ESPR, $FEYE, $SLX, $CLLS, $IMDZ, $VRX, $HIIQ, $FSLR, $JUNO, $CELG, $VFC and many more on the mid day reviews on You Tube. We are working on these (if listed) and others in Mid Day Review in trading room. If you can’t be in there you can catch the review on the raw video feed we post to You Tube of each trading day.
Market Outlook:
Holiday Tuesday and Monday short day at 1:00 EST!
Futures higher in positive start to third quarter.
GSK signs $43M deal for drug discovery AI https://seekingalpha.com/news/3276707-gsk-signs-43m-deal-drug-discovery-ai?source=feed_f … #premarket $GSK
$EYES Announces Expansion of Medicare Coverage for Argus II Retinal Prosthesis System to 11 Additional States and the District of Columbia
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channeland at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(1) Pre-Market Gainers Watch-List: $SPEX, $OPXA, $TEAR, $ESEA $SSG $NGE $SPEX $NSPR $PIXY $DCTH $IDXG $NXTD $DGAZ $DUST $NIB $GASL $JDST $FCAU $WEAT $TSLA I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List : I will update before market open or refer to chat room notices.
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Recent Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades: as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Welcome to my new FX: $USOIL $WTI oil trade report. My name is EPIC the Oil Algo and I am one of six Algorithmic Charting services in development at Compound Trading.
NOTICES:
New members to the oil room need to onboard in a way that assists us in being sure you are equipped to be profitable. Visit my Twitter feed (@EPICtheAlgo) and review tweets over the last few months (there are posts on there such as my profit and loss ledger, time cycle expiry, target hits, links to important videos and more ), visit our blog and review my recent bog posts, our you tube channel has “how my algorithm works”, “how to use my charting” and weekly EIA report videos and our website explains how I was developed. If you do those four things your chance of success will be much greater. Some recent examples are below:
Oil Trading Room – How to Use My Oil Algorithm
Oil Trading Room – How to Trade Intra-day with my Algorithm Charting
Most Recent P/L Link:
On July 6 (Thursday) there is a webinar in the main trading room scheduled for 10:30 AM ET for the EIA report. On regular non holiday weeks this would be Wed at 10:00 AM.
#EIA for week ending June 30, 2017 is July 6, 2017 Thursday 11:00 a.m. as an alternate holiday week reporting. #OOTT#OIL$USOIL$WTI#CL
— Curtis Melonopoly (@curtmelonopoly) July 3, 2017
MULTI-USERS: Institutional / commercial platform now available.
PATENT PHASE: I am now in patent application phase. Stay tuned for agreements concerning disclosure and use coming to members.
SOFTWARE: My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. Please review my algorithm development process and about my oil algorithm story on our website www.compoundtrading.com and my oil algo charting posts on my Twitter feed and this blog.
HOW MY ALGORITHM WORKS: I am an algorithm 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 or Geo Political integration – only math as it relates to traditional indicators with the primary goal being probabilities. I am not a high frequency robot type algorithm – I am represented on and used on a traditional trading chart as one would normally use as a probability indicator. The goal is to provide our trader’s with an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil.
Below you will find my simplified view of levels that can be used on a traditional chart (both intra-day and as a swing trader or investor). This work, and associated trade, should be considered one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on. Questions to; [email protected], message our lead trader on Twitter, or message a lead trader in the trade room.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.
FX: $USOIL $WTI Observations:
Below is the link for the live chart version of EPIC the Oil Algo Live Trading Chart for July 3, 2017. If you click on share button beside thumbs up icon when that screen opens you can click on make it mine to make edits etc:
Current area of trade. 303 PM M July 2 EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Current area of trade. 303 PM M July 2 EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
July 3, 2017
The first most predictable trade is the significant resistance cluster well overhead (see previous posts) that is trending downward slowly. If we trade near range I will update the cluster for our traders.
The second most predictable trade (Wide trading range primary resistance and support). Upper algorithmic model wide trading range resistance 47.40 – 47.50 (grey arrow). Lower algorithmic model wide trading range support 43.90 – 43.00 (grey arrow) – remember that these areas are general support and resistance areas (our algorithm uses a .15 – .20 cent buffer on either side for these trades).
Third most predictable trade (support and resistance of uptrend or down trend channels). On the chart an upward trending trade channel is presented and (channels are diagonal dotted orange lines and purple arrows assist in displaying direction).
Fourth and fifth most predictable trades (support and resistance of 30 min quadrants and Fibonacci support and resistance). The diagonal lines make up quadrants and the Fib support and resistance lines are the horizontal lines in various colors (there are also natural support and resistance lines shown in purple – they represent historical support and resistance). The strongest of the historical support and resistance lines are shown in yellow horizontal.
Sixth most predictable trade signal we use are the time and price targets – unless they are very predictable, which they have not been in recent trade. When trade is in a significant uptrend or downtrend the targets become very precise and move up the indicator priority list quick. Current and most recent trade is not conducive to target predictability. Oil trade has been in a sideways trading range for months (which is very unusual so the targets on Tues, Wed and Fri are not and have not been as predictable as otherwise).
The Tues, Wed and Fri algo targets for the week of July 3 are represented on the chart and are considered very LOW probability of a hit. Primarily because it is a holiday week and the #EIA report is a day later than normal.
The Seventh most predictable trade with my model is intra-day. You will notice on some of the charting geometric shapes in green. They are charted live in the trading room.
Double Lines: When the chart is re-balancing you will notice double diagonal lines that otherwise wouldn’t be on the chart. Try and ignore the right of the two – the left is most pertinent and correct.
Multi Week Trading Range for Swing Trading:
Note: Be careful with the prices you see in the purple boxes on the right of the chart – they do not line up on chart for price action (they are for indicators).
Trade the ranges noted above.
Diagonal Trend Lines:
Diagonal trend-lines are critical inflection points. 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 earlier 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!
The diagonal trend-lines are marked on main chart above.
Conventional Charting Observations:
Important points of reference on conventional oil chart. $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT
Important points of reference on conventional oil chart. $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT
If symmetry remains as last upside move is 50.26 and intra res 47.13 on FX $USOIL $WTI $CL_F $USO $UCO $UWT $DWT
If symmetry remains as last upside move is 50.26 and intra res 47.13 on FX $USOIL $WTI $CL_F $USO $UCO $UWT $DWT
Per previous reports:
There are a cluster of resistance points in oil overhead and the charts below show this best:
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Notice how when the daily chart is opened, the simple lines extend to current day trade.
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
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.
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 [email protected] – 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.
PS If you are not yet reviewing the daily post market trading results blog posts, please do so, they are on the blog daily and often there is information that also may assist your trading. Trade room transcripts (for example) may review topics pertinent to your trading.
Live Alerts for Oil, Swing Trading and Day Trading are now available only on either email and/or by following alert Twitter feed. If you did not get an email send an email to [email protected] and ask Sartaj to get you info. Most of those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.
Connect with me on Discord and lets take this up a notch!
Morning momentum stocks on watch so far: $CHFS, $SKLN, $NKE
Bias toward / on watch: Watch the dollar close for a decision, $QQQ likely to get window dressing lift, $VIX may see some action as may metals.
Markets:$SPY $ES_F $SPX was up and then failed important resistance Thur, $GLD, $GDX, $SLV has some bullish action – indecision overall. $USOIL, $WTI recent uptrend and bullish overnight. $DXY at our model key support and $VIX no significant news.
$DXY US Dollar Index How important is that cluster of support? It has been on our model as THE key support for months $UUP
$DXY US Dollar Index How important is that cluster of support? It has been on our model as THE key support for months $UUPpic.twitter.com/M6F4Si7xgO
Recent SEC Filings to Watch: $PSTG Jun 22, CFO Sells 8255 Shrs; Net: -108.43k; Acq’d: 0; Disp’d: 8255 13.14/s https://is.gd/cQHEjO
Earnings On Deck:
Holds:$WMT, $NFLX, $XIV, $UWT, $UUP test starter swings. All other holds are small size (less than 5% of day trading account on total) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA (not including my swing trading or algorithm charting trades).
Recent Chart Set-ups on Watch: $TRCH, $ESPR, $FEYE, $SLX, $CLLS, $IMDZ, $VRX, $HIIQ, $FSLR, $JUNO, $CELG, $VFC and others. We are working on these (if listed) and others in Mid Day Review in trading room. If you can’t be in there you can catch the review on the raw video feed we post to You Tube of each trading day.
Market Outlook:
Holiday Tuesday so careful Friday and Monday!
Market News and Social Bits From Around the Internet:
$CHFS CHF Solutions’ Aquadex FlexFlow® Aquapheresis FDA IDE Approval for Clinical Study… https://finance.yahoo.com/news/chf-solutions-aquadex-flexflow-aquapheresis-110000571.html?soc_src=social-sh&soc_trk=tw … via @YahooFinance
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channeland at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(1) Pre-Market Gainers Watch-List: $CHFS 29%, $SKLN 26%, $NKE 6%, $NYMX $NXTD $AAOI $SVXY $DGAZ $XIV $UWT $MU $ASML $RIO $UL $CHK $BUD $UN $GOLD $AMD I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List : $UVXY $LABD $NUGT $CARA $AOBC $UGAZ $SPEX $MBRX I will update before market open or refer to chat room notices.
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Recent Upgrades: $MANT $GFI $WBA $BDX $DHI $COG $OXLC as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades:$VIPS $WINT $CRC $CXO $UDR $CCJ $BLUE $CELG $ABC $RMAX as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Live Alerts for Oil, Swing Trading and Day Trading are now available only on either email and/or by following alert Twitter feed. If you did not get an email send an email to [email protected] and ask Sartaj to get you info. Most of those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.
Markets: $SPY $ES_F $SPX up pover important resistance Wed, $GLD, $GDX, $SLV under pressure. $USOIL, $WTI recent uptrend and at important resistance. $DXY pressure and $VIX no significant news.
OTC on watch:
Gapping Premarket:
Recent Momentum Stocks to Watch:
Stocks with News: $VRX, $ABEO
Recent SEC Filings to Watch: $PSTG Jun 22, CFO Sells 8255 Shrs; Net: -108.43k; Acq’d: 0; Disp’d: 8255 13.14/s https://is.gd/cQHEjO
Holds:$WMT, $NFLX, $XIV, $UWT $UUP test starter swings. All other holds are small size (less than 5% of day trading account on total) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA (not including my swing trading or algorithm charting trades).
Recent Chart Set-ups on Watch: $TRCH, $ESPR, $FEYE, $SLX, $CLLS, $IMDZ, $VRX, $HIIQ, $FSLR, $JUNO, $CELG, $VFC and others. We are working on these (if listed) and others in Mid Day Review in trading room. If you can’t be in there you can catch the review on the raw video feed we post to You Tube of each trading day.
$FEYE Trading 15.90, long 14.40 with 100 MA near breach of 200 MA and MACD cross on deck. #swingtrading #premarket
Market News and Social Bits From Around the Internet:
8:30 -Jobless Claims -GDP Q1 -Corporate Profits
9:45 Consumer Comfort Index
10:30 NatGas #
1pm Fed’s Bullard Speaks
3pm Farm $$
$VRX Completes Sale Of Dendreon To Sanpower for $819M Will use proceeds to permanently repay term loan debt under its Senior Credit Facility
$ABEO – Abeona Therapeutics CLN3 Treatment Granted Orphan Designation By FDA
Wal-Mart makes another Amazon countermove https://seekingalpha.com/news/3276244-wal-mart-makes-another-amazon-countermove?source=feed_f … #premarket $WMT $AMZN $SWFT $WERN
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channeland at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(1) Pre-Market Gainers Watch-List: $SPEX 38%, $DCTH 7% $GRPN $HSBC $FAS $VRX $C $BAC $UWT $AEG $DB $JPM $BCS $CS $KRE $UCO $RIO $SOXL $UGAZ $SPLS $GS I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List : $RAD $FRED $UVXY $DGAZ $NUGT $GLD $PTI $MBRX $AVEO $AKBA $DWT $RACE $FAZ $BLCM $S $MOMO I will update before market open or refer to chat room notices.
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Recent Upgrades: as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades: as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Live Alerts for Oil, Swing Trading and Day Trading are now available only on either email and/or by following alert Twitter feed. If you did not get an email send an email to [email protected] and ask Sartaj to get you info. Most of those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.
Markets:$SPY $ES_F $SPX I continue to be cautiously optimistic, $GLD, $GDX, $SLV under pressure. $USOIL, $WTI traded long overnight for a win and oil came off early morning so we will see. $DXY no major news and $VIX has no significant news and still dying. I am long a small test size in US Dollar related $UUP.
Holds:$WMT, $SRNE, $UUP test starter swing. All holds are small size (less than 5% of day trading account on total) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA (not including my swing trading or algorithm charting trades).
Recent Chart Set-ups on Watch: $NFLX is on my radar and $VRX. We are working on these (if listed) and others in Mid Day Review in trading room. If you can’t be in there you can catch the review on the raw video feed we post to You Tube of each trading day.
Market Outlook:
End of quarter so I am expecting some window dressing this week. Looks like a hot open on deck.
Key Events In The Coming Busy Week: Yellen, Inflation, Durables And GDP https://t.co/EB2nP1jKLb
Market News and Social Bits From Around the Internet:
8:30am -Durable Goods -Chicago Fed National Activity Index
10:30am Dallas Fed Manufacturing Survey
$IDXG Interpace Diagnostics Announces Coverage of Thyroid Test By Premera Blue Cross (Dow Jones 06/26 08:15:01)
PANETTA: FUTURE BAIL-INS POSSIBLE, NOW “IN TRANSITION PERIOD” – BBG
VOXX sells its Hirschmann car communication business to TE Connectivity https://seekingalpha.com/news/3275452-voxx-sells-hirschmann-car-communication-business-te-connectivity?source=feed_f … #premarket $VOXX $TEL
Neothetics stock halted on news of negative results for fat-reduction drug http://on.mktw.net/2tc7SoN
$ALGN price target raised to $194 from $149 at Leerink – keeps Outperform rating
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channeland at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(1) Pre-Market Gainers Watch-List : $SRNE 13%, $DCTH 12%, $STOR $SDRL $BLPH $COOL $AVEO $SOL $JDST $DUST $UGAZ $CNAT $DGLD $PTLA $P $MU $FIT $VRX $DB I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List : $UVXY $NUGT $GLD $DGAZ $DWT $AAOI $MTNB $ARNC $BBRY $LABD $GRUB I will update before market open or refer to chat room notices.
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Recent Upgrades: $UBS $DUK $PPL $VC $BERY $COST $PLCE as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades: $SYSS $AEP $AEE $WEC $GRUB $HIIQ $REGN $AGIO $RMP $RICE as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Welcome to my new FX: $USOIL $WTI oil trade report. My name is EPIC the Oil Algo and I am one of six Algorithmic Charting services in development at Compound Trading.
NOTICES:
New members to the oil room need to be sure to onboard in a way that assists us in being sure you are equipped to be profitable. Visit my Twitter feed and review tweets over the last few months (there are posts on there such as my profit and loss ledger, time cycle expiry, target hits, likes to important videos and more ), visit our blog and review my recent bog posts, our you tube channel has a how my algorithm works video and the weekly EIA report videos and our website explains how I was developed. If you do those four things your chance of success will be much greater.
Oil Trading Room – How to Use My Oil Algorithm
Oil Trading Room – How to Trade Intra-day with my Algorithm Charting
Most Recent P/L Link:
On June 28 there is a webinar in the main trading room scheduled for 10:00 AM ET for the EIA report.
MULTI-USERS: Institutional / commercial platform now available.
PATENT PHASE: I am now in patent application phase. Stay tuned for agreements concerning disclosure and use coming to members.
SOFTWARE: My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. Please review my algorithm development process and about my oil algorithm story on our website www.compoundtrading.com and my oil algo charting posts on my Twitter feed and this blog.
HOW MY ALGORITHM WORKS: I am an algorithm 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 or Geo Political integration – only math as it relates to traditional indicators with the primary goal being probabilities. I am not a high frequency robot type algorithm – I am represented on and used on a traditional trading chart as one would normally use as a probability indicator. The goal is to provide our trader’s with an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil.
Below you will find my simplified view of levels that can be used on a traditional chart (both intra-day and as a swing trader or investor). This work, and associated trade, should be considered one decision at a time, “if this happens then this or this are my targets”… price – trigger – trade and so on. Questions to; [email protected], message our lead trader on Twitter, or message a lead trader in the trade room.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.
FX: $USOIL $WTI Observations:
Below is the link for the live chart version of EPIC the Oil Algo Live Trading Chart for June 26, 2017. If you click on share button beside thumbs up icon when that screen opens you can click on make it mine to make edits etc:
Current area of trade. 244 AM June 26 EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Current area of trade. 244 AM June 26 EPIC Oil Algorithm Chart FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
June 26, 2017
The first most predictable trade is the significant resistance cluster well overhead (see previous posts) that is trending downward slowly. If we trade near range I will update the cluster for our traders.
The second most predictable trade (Wide trading range primary resistance and support). Upper algorithmic model wide trading range resistance 43.95 – 44.05 (grey arrow). Lower algorithmic model wide trading range support 40.40 – 40.50 (grey arrow) – remember that these areas are general support and resistance areas (our algorithm uses a .15 – .20 cent buffer on either side for these trades).
Third most predictable trade (support and resistance of uptrend or down trend channels). On the chart an upward trending trade channel is presented and (channels are diagonal dotted orange lines and purple arrows help show direction and purple dotted lines help show width of channel).
Fourth and fifth most predictable trades (support and resistance of 30 min quadrants and Fibonacci support and resistance). The diagonal lines make up quadrants and the Fib support and resistance lines are the horizontal lines in various colors (there are also natural support and resistance lines shown in purple – they represent historical support and resistance). The strongest of the historical support and resistance lines are shown in yellow horizontal.
Sixth most predictable trade signal we use are the time and price targets – unless they are very predictable, which they have not been in recent trade. When trade is in a significant uptrend or downtrend the targets become very precise and move up the indicator priority list quick. Current and most recent trade is not conducive to target predictability. Oil trade has been in a sideways trading range for months (which is very unusual so the targets on Tues, Wed and Fri are not and have not been as predictable as otherwise).
The Tues, Wed and Fri algo targets for this week are not represented on the charting yet for this week because oil trade is at a crossroads and needs to decide whether it is the upward or downward trading channel on the intra-day.
The Seventh most predictable trade with my model is intra-day. You will notice on some of the charting geometric shapes in green. They are charted live in the trading room.
Double Lines: When the chart is rebalancing you will notice double diagonal lines that otherwise wouldn’t be on the chart. Try and ignore the right of the two – the left is most pertinent and correct.
Multi Week Trading Range for Swing Trading:
Note: Be careful with the prices you see in the purple boxes on the right of the chart – they do not line up on chart for price action (they are for indicators).
Trade the ranges noted above.
Diagonal Trend Lines:
Diagonal trend-lines are critical inflection points. 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 earlier 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!
The diagonal trend-lines are marked on main chart above.
Conventional Oil Chart shows down channel indications.
Per previous reports:
There are a cluster of resistance points in oil overhead and the charts below show this best:
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Notice how when the daily chart is opened, the simple lines extend to current day trade.
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
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. Crude is currently trending toward a target (red circles on chart) 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.
Intra-day trading quadrants are available on all time – cycles and all of them are not detailed on this charting. The charting above represents the 30 minute trading quadrants. If you require tighter time-frames please email us and we will update charting for the time cycle you are looking for.
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 [email protected] – 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.
PS If you are not yet reviewing the daily post market trading results blog posts, please do so, they are on the blog daily and often there is information that also may assist your trading. Trade room transcripts (for example) may review topics pertinent to your trading.
Welcome to my new FX: $USOIL $WTI oil trade report. My name is EPIC the Oil Algo and I am one of six Algorithmic Charting services in development at Compound Trading.
NOTICES: (most recent are in red type)
Moderators and others that have reached out to become involved will be contacted as soon as fiber internet is installed for our lead trader at his new location and all reporting is brought up to date (about a week out).
We have been asked by some to extend the initial room size to over fifty members but we cannot because we have to have available time to help onboarding members properly (there are a couple spots left and that will be it for now). You can however let us know that you are wanting to join and at the first available juncture we will get you going.
New members to the oil room need to be sure to onboard in a way that assists us in being sure you are equipped to be profitable. This means doing some study… visit my Twitter feed and review tweets over the last few months (there are posts on there such as my prifit and loss ledger, time cycle expiry, target hits, likes to important videos and more ), visit our blog and review my recent bog posts, our you tube channel has a how my algorithm works video and the weekly EIA report videos and our website explains how I was developed. If you do those four things your chances of success will be much greater.
Limited beta subscriptions capped at fifty members. 24-Hr Oil Trading Room $USOIL $WTI #Oil (EPIC THE OIL ALGORITHM). Member beta discount until subscriptions sold out only. No holds – first come, first serve. To register click here: https://compoundtrading.com/product/fx-usoil-epic-oil-algorithm/
Most Recent P/L Link:
Also FYI, existing members will be grandfathered at no charge in to EPIC’s real-time alerts service on Twitter. Non member price 99.00 per month.
On June 21 there is a webinar in the main trading room scheduled for 10:00 AM ET for the EIA report.
Here is a recent example of an EIA report that occurred on Wednesday June 7.
MULTI-USERS: Institutional / commercial platform now available.
PATENT PHASE: I am now in patent application phase. Stay tuned for agreements concerning disclosure and use coming to members.
SOFTWARE: My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. Please review my algorithm development process and about my oil algorithm story on our website www.compoundtrading.com and my oil algo charting posts on my Twitter feed and this blog.
HOW MY ALGORITHM WORKS: I am an algorithm 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 or Geo Political integration – only math as it relates to traditional indicators with the primary goal being probabilities. I am not a high frequency robot type algorithm – I am represented on and used on a traditional trading chart as one would normally use as a probability indicator. The goal is to provide our trader’s with an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil (currently charted as FX: $USOIL $WTI and transitioning to futures in our new 24 hour oil trading room).
Below you will find my simplified view of levels that can be used on a traditional chart (both intra-day and as a swing trader or investor). This work, and subsequent 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. Questions to; [email protected], message our lead trader on Twitter, or message a lead trader in the trade room.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.
FX: $USOIL $WTI Observations:
Below is the link for the live chart version of EPIC the Oil Algo Live Trading Chart for June 18, 2017. If you click on share button beside thumbs up icon when that screen opens you can click on make it mine to make edits etc:
The most predictable trade is the significant resistance cluster well overhead (see previous posts) that is trending downward slowly. If we trade within near range I will update the cluster for our traders. Some traders have recently asked for support clusters and our upcoming chart rebalance will calculate for those also.
Next most predictable trade (Wide trading range primary resistance and support). Upper algorithmic model wide trading range resistance 47.35 – 47.55 (grey arrow). Lower algorithmic model wide trading range support 43.95 – 44.05 (grey arrow) – remember that these areas are general support and resistance areas (our algorithm uses a .15 – .20 cent buffer on either side for trades).
Next most predictable trade (support and resistance of channels). On the charts below an upward trending trade channel is presented and a downward trending channel option (channels are diagonal dotted orange lines and purple arrows help show direction and purple dotted lines help show width of channel). Static chart below. There is a decision coming at 1:30 EST this evening (Monday morning) as it relates to the upward channel option (not that trade can’t continue up channel parallel under this channel decision.
Next most predictable trade (support and resistance of 30 min quadrants and Fibonacci support and resistance). The diagonal lines make up quadrants and the Fib support and resistance lines are the horizontal lines in various colors (there are also natural support and resistance lines shown in purple – they represent historical support and resistance). The strongest of the historical support and resistance lines are shown in yellow horizontal.
Last trade signal we use are the time and price targets – unless they are very predictable, which they have not been in recent trade. When trade is in a significant uptrend or downtrend the targets become very precise and move up the indicator priority list quick. Current and most recent trade is not conducive to target predictability. Oil trade has been in a sideways trading range for months (which is very unusual so the targets on Tues, Wed and Fri are not and have not been as predictable as otherwise).
The Tues, Wed and Fri algo targets for this week are not represented on the charting yet for this week because oil trade is at a crossroads and needs to decide whether it is the upward or downward trading channel on the intra-day.
Current area of trade with support in 44.00 area (grey lines). EPIC the Oil Algorithm Chart June 18, 2017 243 PM FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Current area of trade with support in 44.00 area (grey lines). EPIC the Oil Algorithm Chart June 18, 2017 243 PM FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Upward trending channel option (direction shown with purple arrows). EPIC the Oil Algorithm Chart June 18, 2017 832 PM FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Upward trending channel option (direction shown with purple arrows). EPIC the Oil Algorithm Chart June 18, 2017 832 PM FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Upper resistance range show (horiztontal grey lines). EPIC the Oil Algorithm Chart June 18, 2017 836 PM FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Upper resistance range show (horizotntal grey lines). EPIC the Oil Algorithm Chart June 18, 2017 836 PM FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Downward channel choice (direction show with purple arrows). EPIC the Oil Algorithm Chart June 18, 2017 843 PM FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Downward channel choice (direction show with purple arrows). EPIC the Oil Algorithm Chart June 18, 2017 843 PM FX $USOIL $WTI #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Multi Week Trading Range for Swing Trading:
Note: Be careful with the prices you see in the purple boxes on the right of the chart – they do not line up on chart for price action (they are for indicators).
Trade the ranges noted above.
Diagonal Trend Lines:
Diagonal trend-lines are critical inflection points. 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 earlier 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!
The diagonal trend-lines are marked on main chart above.
Conventional Charting Observations:
Conventional Oil Chart Shows Downward Channel Indications. 852PM June 18 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT
Conventional Oil Chart Shows Downward Channel Indications. 852PM June 18 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT
KISS Simple Charting MACD is still trending downward. $USOIL $WTI $CL_F $USO $UCO $UWT $DWT #SwingTrading #Commodities
KISS Simple Charting MACD is still trending downward. $USOIL $WTI $CL_F $USO $UCO $UWT $DWT #SwingTrading #Commodities
Per previous reports:
There are a cluster of resistance points in oil overhead and the charts below show this best:
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Notice how when the daily chart is opened, the simple lines extend to current day trade.
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Possible downtrending channel due to trendlines extending from previous time cycles. Crude algo intra work sheet 226 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
If this occurs, the white arrow shows top of downtrending channel forming and lower white arrow show possible support to channel (but not as strong as the others because it is from current time cycle unlike the others) and if price loses lower white arrow the channel downward could continue. Pink arrow shows the end of the pinch should price trade between the two white arrows to end of wedge.
Possible downtrending channel due to trendlines from extending from previous time cycles. Crude algo intra work sheet 226 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
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. Crude is currently trending toward a target (red circles on chart) 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.
Intra-day trading quadrants are available on all time – cycles and all of them are not detailed on this charting. The charting above represents the 30 minute trading quadrants. If you require tighter time-frames please email us and we will update charting for the time cycle you are looking for.
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 [email protected] – 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.
PS If you are not yet reviewing the daily post market trading results blog posts, please do so, they are on the blog daily and often there is information that also may assist your trading. Trade room transcripts (for example) may review topics pertinent to your trading.
Compound Trading Chat Room Stock Trading Plan and Watch list for Monday June 12, 2017; $TROV, $DCTH, $DXTR, $WTI, $GOLD, $SILVER, Financials – $UUP, $SSH, $LGCY, $TRCH, $ESEA, $LIGA – Gold $GLD, Gold Miners $GDX, Silver $SLV, Oil $USOIL $WTI, US Dollar Index $USD/JPY $DXY, S&P 500 $SPY, Volatility $VIX… more.
Welcome to the morning Wall Street trading day session at Compound Trading!
Notes in red text below are new comments entered specifically today.
Notices:
I will be traveling Monday after market through to late Tuesday and will be back in the main trading room for Wednesday.
The Oil trading room will open Wednesday night.
The regular reporting will be vacant between Monday market close and Tuesday evening. The most important reporting will be done Tuesday night as time allows (do not expect any at all Monday night) and regular newsletter reporting etc will recommence Wednesday evening.
Tuesday regular market Sartaj will open room. Any of our regular traders that can be in the room to keep things moving along and/or help newer traders that would be greatly appreciated.
This will happen from time to time with my travel.
Live Alerts for Oil, Swing Trading and Day Trading are now available only on either email and/or by following alert Twitter feed. If you did not get an email send an email to [email protected] and ask Sartaj to get you info. Most of those I spoke to are opting for email only, but the Twitter alert system is available for those that want it.
Post Market Reports:
Sorry we’re running behind on them – we’ll get them caught up soon. Getting the 24 hour oil room ready took a bit more manpower than we expected. But we’re on for June 15 launch (not the 12th due to my amended travel itinerary).
Bias toward / on watch: $GOLD, $SILVER, Financials
Markets:Market sell-off on Friday (Tech focus). $SPY $ES_F $SPX I continue to be cautiously optimistic, $GLD, $GDX, $SLV continue in indecision. $USOIL, $WTI a bit of a morning jump. $DXY and $VIX no significant news. I am long a small test size in US Dollar related $UUP.
Holds:$UUP test starter swing. All holds are small size (less than 5% of day trading account on total) holds in this order according to sizing: $ONTX, $SSH, $LGCY, $TRCH, $ESEA, $LIGA (not including my swing trading or algorithm charting trades).
Recent Chart Set-ups on Watch: We are working on these and others in Mid Day Review in trading room. If you can’t be in there you can catch the review on the raw video feed we post to You Tube of each trading day.
Market Outlook :
It appears this may be taking place….
Watch those large and mega caps – when they stall things could change. And don’t forget our $SPY algo warned about recent highs.
$TROV premarket up 46% on news.
Market News and Social Bits From Around the Internet:
1pm 10-Year Note Auction
2pm Treasury Budget
‘FAANG’ stocks drop premarket as tech selloff continues http://on.mktw.net/2rab5kn
$GTXI Announces ‘Positive’ Preliminary Results from Ongoing Phase 2 POC Clinical Trial in Women with Stress Urinary Incontinence
$RXII RXi Pharmaceuticals Announces the Initiation of its Consumer Testing Program with RXI-231
$FCSC – Fibrocell Receives Rare Pediatric Disease Designation from FDA for FCX-013 for Treatment of Localized Scleroderma
$CDXC Announces Exclusive Patent License and Research Agreement with The Scripps Research Institute… https://pro.benzinga.com @benzinga
$PIRS Announces Expiration of HSR Waiting Period for Collaboration With $AZN. To Receive Upfront, Near-Term Milestone Payments of $57.5M
$ADHD no merger, but cooperation agreement with Brosh Group, adding 2 directors to board
Early movers: AAPL, BABA, ADBE, AMZN, TWX & more –
If you are new to our trading service you should review recent blog posts, the Compound Trading YouTube Channeland at minimum our algorithm Twitter feeds because they do tell a story in terms of the market and how the inflections of the market determine our day to day trading. You will notice the algorithmic modelling has been undeniably accurate with many time-frames (intra-day, weeks and months out) so I myself have learned to respect their math (they have taken me from a 60% hit rate to 80% in my trading – all publicly posted live trades).
Momentum Stocks (Market Open and Intra-Day):
I do trade morning momo stocks, but I do avoid risk – so often I avoid the first 30 minutes (gap and go) and trade momentum stocks later in the day after the wash-out looking for a snap-back. Just prior to open and shortly after open I post momentum stocks to the trade chat room (and Twitter and Stocktwits if I have time).
Some of my Favorite Intra-day Trading Set-Ups:
(1) Momentum Stock Wash-Outs for Snap Back, (2) Bad News Wash-outs on Stocks with High Institutional Ownership, (3) Getting on the Right Side of a Trend Change and scaling in my position and (4) Our Algorithm Set-Ups.
The momentum stocks (from previous days and morning trade) I continue to watch through the day for indicators that allow a trade.
Morning Stock Watch-Lists for my Favorite Set-Ups:
(1) Pre-Market Gainers Watch-List : I will update before market open or refer to chat room notices.
(2) Pre-market Decliners Watch-List : $CHRS, $RGLS, $EBIO, $DWT, $DGAZ $STM $AMD $DRYS $SOXL $AAOI $SCO $ICHR $OCLR $PLX $USLV $NVDA I will update before market open or refer to chat room notices.
(3) Other Watch-List:
(4) Regular Algo Charting Watch-List: Gold $GC_F $GLD, Miners $GDX ($NUGT, $DUST, $JDST, $JNUG), Silver $SLV $SI_F ($USLV, $DSLV), Crude Oil FX: $USOIL $WTI ($UWTI, $DWTI, $USO, $UCO, $CL_F, $UWT, $DWT), Natural Gas $NG_F ($UGAZ, $DGAZ), S & P 500 $SPY $ES_F ($SPXL, $SPXS), US Dollar Index $DXY ($UUP), Volatility $VIX ($TVIX, $UVXY, $XIV)
(5) Recent Upgrades: $UPL $SWFT $KNX as time allows I will update before market open or refer to chat room notices.
(6) Recent Downgrades: $AAPL $VNTV $SAFM $AMRI $RPT $ESS $UDR $FPO $WPC $AMT $CCI $SBAC $DFT $ADBE as time allows I will update before market open or refer to chat room notices.
Stay tuned in Stock Chat Room for more pre-market stocks on watch.
Study:
For new readers, a review of our unlocked posts on our blog would help you get in to the story we are following with the securities listed in this newsletter.
Free scanners to find momentum stocks that you can easily review charts of for indicators that bring probability of your trade being successful up considerably. These are not useful for first 30 minute market open gap and go type plays (you need a good momentum scanner, level 2, and best to have hot-keys for the first 30 mins of gap and go trading)… but are very useful for intra day scalping and swing trading (start with trending stocks and then look at indicators intra for simple set-ups – study scan study scan study scan).
Welcome to my new FX: $USOIL $WTI oil trade report. My name is EPIC the Oil Algo and I am one of six Algorithmic Charting services in development at Compound Trading.
NOTICES:
Moderators and others that have reached out to become involved will be contact over the next ten days.
OFFICIAL LAUNCH for 24 Hour Oil Room Moved Up From July 1 to June 12 to June 15, 2017. Our lead trader had travel plans change that could not be avoided. Wednesday evening when oil opens our 24 hour oil room will also open. Stay tuned for links.
Limited beta subscriptions capped at fifty members. 24-Hr Oil Trading Room $USOIL $WTI #Oil (EPIC THE OIL ALGORITHM). Member beta discount until subscriptions sold out only. No holds – first come, first serve. To register click here: https://compoundtrading.com/product/fx-usoil-epic-oil-algorithm/
Our lead trader will be trading CL between now and the open with random real-time public posts so the general public can get a feel for the gains available in oil algorithmic model trading. Watch his Twitter feed and your email inbox. It will be difficult to alert all trade entries and exits but many will be alerted.
June 12 Live alerts from my algorithmic trades P/L will be posted to live alerts feed on Twitter also.
Here is the P/L link:
Also, existing members will be grandfathered at no charge in to EPIC’s real-time alerts service on Twitter. Non member price 99.00 per month.
On June 14 there is a webinar in the main trading room scheduled for 10:00 AM ET for the EIA report.
Wednesday June 7 #EIA Report ($USOIL, $WTI, $CL_F) EPIC the Oil Algorithm Webinar. The $EIA from last week has not been uploaded yet.
MULTI-USERS: Institutional / commercial platform now available.
PATENT PHASE: I am now in patent application phase. Stay tuned for agreements concerning disclosure and use coming to members.
SOFTWARE: My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. Please review my algorithm development process and about my oil algorithm story on our website www.compoundtrading.com and my oil algo charting posts on my Twitter feed and this blog.
HOW MY ALGORITHM WORKS: I am an algorithm 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 or Geo Political integration – only math as it relates to traditional indicators with the primary goal being probabilities. I am not a high frequency or bot type algorithm – I am represented on and used on a traditional trading chart as one would normally use as a probability indicator. The goal is to provide our trader’s with an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil (specifically FX: $USOIL $WTI and transitioning to futures in our new 24 hour oil trading room).
Below you will find my simplified view of levels that can be used on a traditional chart (both intra-day and as a swing trader or investor). This work, and subsequent 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. Questions to; [email protected], message our lead trader on Twitter, or message a lead trader privately in the trade room.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.
FX: $USOIL $WTI Observations:
Below is the link for the live chart version of EPIC the Oil Algo Live Trading Chart for June 12, 2017. If you click on share button beside thumbs up icon when that screen opens you can click on make it mine to make edits etc:
The most highly predictable trade is the significant resistance cluster well overhead (see previous posts) that is trending downward slowly. If we trade within near range I will update the cluster for our traders.
Next most predictable trade (Wide trading range primary resistance and support). Upper algorithmic model wide trading range resistance 47.35 – 47.55 (grey arrow). Lower algorithmic model wide trading range support 43.95 – 44.05 (grey arrow) – remember that these areas are general support and resistance areas (our algorithm uses a .15 – .20 cent buffer on either side for trades).
Next most predictable trade (support and resistance of channels). On the charts below an upward trending trade channel is presented and a downward trending channel option (channels are diagonal dotted orange lines and purple arrows help show direction and purple dotted lines help show width of channel). Static chart below.
Next most predictable trade (support and resistance of 30 min quadrants and Fibonacci support and resistance). The diagonal lines make up quadrants and the Fib support and resistance lines are the horizontal lines in various colors (there are also natural support and resistance lines shown in purple – they represent historical support and resistance).
Last trade signal we use are the time and price targets – unless they are very predictable, which they have not been in recent trade. When trade is in a significant uptrend or downtrend the targets become very precise and move up the indicator priority list quick. Current and most recent trade is not conducive to target predictability. Oil trade has been in a sideways trading range for months (which is very unusual so the targets on Tues, Wed and Fri are not and have not been as predictable as otherwise).
The Tues, Wed and Fri algo targets for this week are not represented on the charting yet because oil trade is at a crossroads and needs to decide whether it is the upward or downward trading channel on the intra-day.
Up channel option shown. EPIC Oil Algorithm. 123 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Up channel option shown. EPIC Oil Algorithm. 123 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Down channel option shown. EPIC Oil Algorithm. 140 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Down channel option shown. EPIC Oil Algorithm. 140 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Lower algorithmic model wide trading range support 43.95 – 44.05. EPIC Oil Algorithm. 141 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F
Lower algorithmic model wide trading range support 43.95 – 44.05. EPIC Oil Algorithm. 141 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Upper algorithmic model wide trading range resistance 47.35 – 47.55. EPIC Oil Algorithm. 146 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Upper algorithmic model wide trading range resistance 47.35 – 47.55. EPIC Oil Algorithm. 146 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Current trade with Tues and Wed upper algo targets in view. EPIC Oil Algorithm. 147 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Current trade with Tues and Wed upper algo targets in view. EPIC Oil Algorithm. 147 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Multi Week Trading Range for Swing Trading:
Note: Be careful with the prices you see in the purple boxes on the right of the chart – they do not line up on chart for price action (they are for indicators).
Trade the ranges noted above.
Diagonal Trend Lines:
Diagonal trend-lines are critical inflection points. 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 earlier 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!
The diagonal trend-lines are marked on main chart above.
Conventional Charting Observations:
Conventional Oil Chart Shows Downward Channel Indications. 159 AM June 12 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT
There are a cluster of resistance points in oil overhead and the charts below show this best:
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Notice how when the daily chart is opened, the simple lines extend to current day trade.
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Possible downtrending channel due to trendlines extending from previous time cycles. Crude algo intra work sheet 226 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
If this occurs, the white arrow shows top of downtrending channel forming and lower white arrow show possible support to channel (but not as strong as the others because it is from current time cycle unlike the others) and if price loses lower white arrow the channel downward could continue. Pink arrow shows the end of the pinch should price trade between the two white arrows to end of wedge.
Possible downtrending channel due to trendlines from extending from previous time cycles. Crude algo intra work sheet 226 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
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. Crude is currently trending toward a target (red circles on chart) 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.
Intra-day trading quadrants are available on all time – cycles and all of them are not detailed on this charting. The charting above represents the 30 minute trading quadrants. If you require tighter time-frames please email us and we will update charting for the time cycle you are looking for.
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 [email protected] – 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.
PS If you are not yet reviewing the daily post market trading results blog posts, please do so, they are on the blog daily and often there is information that also may assist your trading. Trade room transcripts (for example) may review topics pertinent to your trading.
Welcome to my new FX: $USOIL $WTI oil trade report. My name is EPIC the Oil Algo and I am one of six Algorithmic Charting services in development at Compound Trading.
NOTICES:
OFFICIAL LAUNCH for 24 Hour Oil Room Moved Up From July 1 to June 12, 2017
Limited beta subscriptions capped at fifty members. 24-Hr Oil Trading Room $USOIL $WTI #Oil (EPIC THE OIL ALGORITHM). Member beta discount until subscriptions sold out only. No holds – first come, first serve. To register click here: https://compoundtrading.com/product/fx-usoil-epic-oil-algorithm/
Our lead trader will be trading CL between now and the open with random real-time public posts so the general public can get a feel for the gains available in oil algorithmic model trading. Watch his Twitter feed and your email inbox. It will be difficult to alert all trade entries and exits but many will be alerted.
June 12 Live alerts from my algorithmic trades P/L will be posted to live alerts feed on Twitter also.
Also, existing members will be grandfathered at no charge in to EPIC’s real-time alerts service on Twitter. Non member price 99.00 per month.
On June 7 there is a webinar in the main trading room scheduled for 10:00 AM ET for the EIA report.
Wednesday May 24 #EIA Report ($USOIL, $WTI, $CL_F) EPIC the Oil Algorithm Webinar. The $EIA from last week has not been uploaded yet.
MULTI-USERS: Institutional / commercial platform now available.
PATENT PHASE: I am now in patent application phase. Stay tuned for agreements concerning disclosure and use coming to members.
SOFTWARE: My algorithmic charting is going to developer coding phase early 2017 for our trader’s dashboard program. Please review my algorithm development process and about my oil algorithm story on our website www.compoundtrading.com and my oil algo charting posts on my Twitter feed and this blog.
HOW MY ALGORITHM WORKS: I am an algorithm 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 or Geo Political integration – only math as it relates to traditional indicators with the primary goal being probabilities. I am not a high frequency or bot type algorithm – I am represented on and used on a traditional trading chart as one would normally use as a probability indicator. The goal is to provide our trader’s with an edge when triggering entries and exits on trades with instruments that rely on the price of crude oil (specifically FX: $USOIL $WTI and transitioning to futures in our new 24 hour oil trading room).
Below you will find my simplified view of levels that can be used on a traditional chart (both intra-day and as a swing trader or investor). This work, and subsequent 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. Questions to; [email protected], message our lead trader on Twitter, or message a lead trader privately in the trade room.
EVERY CALL WE MAKE, EVERY PUBLIC INTERACTION, REPRESENTATION OF TRADE (ON EVERY VENUE) IS VIDEO RECORDED (TRADING ROOM), ON SOCIAL MEDIA OR ON BLOG / WEBSITE TIME-STAMPED FOR PERMANENT RECORD AND ABSOLUTE TRANSPARENCY. PLEASE ALSO REFER TO OUR PUBLIC DISCLOSURE https://compoundtrading.com/disclosure-disclaimer/.
FX: $USOIL $WTI Observations:
Below is the link for the live chart version of EPIC the Oil Algo Live Trading Chart for June 5, 2017. If you click on share button beside thumbs up icon when that screen opens you can click on make it mine to make edits etc:
The most highly predictable trade is the significant resistance cluster well overhead (see previous posts) that is trending downward slowly. If we trade within near range I will update the cluster for our traders.
Next most predictable trade (Wide trading range primary resistance and support). Upper resistance at 50.98 (grey arrow) lower resistance 47.50 (grey arrow) – remember that these areas are general support and resistance areas (our algorithm uses a .15 – .20 cent buffer on either side for trades).
Next most predictable trade (support and resistance of channels). On the charts below an upward trending trade channel is presented and a downward trending channel option (channels are diagonal dotted orange lines and purple arrows help show direction and purple dotted lines help show width of channel).
Next most predictable trade (support and resistance of 30 min quadrants and Fibonacci support and resistance). The diagonal lines make up quadrants and the Fib support and resistance lines are the horizontal lines in various colors (there are also natural support and resistance lines shown in purple – they represent historical support and resistance).
Last trade signal we use are the time and price targets – unless they are very predictable, which they have not been in recent trade. When trade is in a significant uptrend or downtrend the targets become very precise and move up the indicator priority list quick. Current and most recent trade is not conducive to target predictability. Oil chart has been in a sideways trading range for months (which is very unusual so the targets on Tues, Wed and Fri are not and have not been as predictable as otherwise).
The Tues, Wed and Fri algo targets for this week are not represented on the charting yet because oil trade is at a crossroads and needs to decide whether it is the upward or downward trading channel on the intra-day.
Current trade with Fri target hit and support at gray line and upward channel option shown (purple arrows). EPIC Oil Algorithm. 118 AM June 5 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Current trade with Fri traget hit and support at gray line and upward channel option shown (purple arrows). EPIC Oil Algorithm. 118 AM June 5 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT #Algo
Current trade with Fri target hit, support at gray line, horiz support (yellow arrow) downward channel option shown (purple arrows). EPIC Oil Algorithm. 120 AM June 5 FX $USOIL $WTIC
Current trade with Fri target hit, support at gray line, horiz support (yellow arrow) downward channel option shown (purple arrows). EPIC Oil Algorithm. 120 AM June 5 FX $USOIL $WTIC
Multi Week Trading Range for Swing Trading:
Note: Be careful with the prices you see in the purple boxes on the right of the chart – they do not line up on chart for price action (they are for indicators).
Trade the ranges noted above.
Diagonal Trend Lines:
Diagonal trend-lines (blue). Diagonal trend-lines are critical inflection points. 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 blue 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 earlier 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!
The diagonal trend-lines are marked on main chart above.
Conventional Charting Observations:
Chart Daily Price Under MA’s under trendline MACD trend down Stoch RSI at bottom SQZMOM down. 148 AM June 5 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT
Coventional Oil Chart Daily Price Under MA’s under trendline MACD trend down Stoch RSI at bottom SQZMOM down. 148 AM June 5 FX $USOIL $WTIC #OIL $USO $UWT $DWT $CL_F #OOTT
Per recent reports:
There are a cluster of resistance points in oil overhead and the charts below show this best:
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Simple lines show expose clusters of resistance. Crude algo intra work sheet 201 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Notice how when the daily chart is opened, the simple lines extend to current day trade.
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view. Simple lines show expose clusters of resistance. Crude algo intra work sheet 213 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Daily chart view magnified. Simple lines show expose clusters of resistance. Crude algo intra work sheet 217 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Possible downtrending channel due to trendlines extending from previous time cycles. Crude algo intra work sheet 226 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
If this occurs, the white arrow shows top of downtrending channel forming and lower white arrow show possible support to channel (but not as strong as the others because it is from current time cycle unlike the others) and if price loses lower white arrow the channel downward could continue. Pink arrow shows the end of the pinch should price trade between the two white arrows to end of wedge.
Possible downtrending channel due to trendlines from extending from previous time cycles. Crude algo intra work sheet 226 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Careful 50 MA pinch on 100 MA. SQZMOM up as is MACD but Stock RSI at top. Crude algo intra work sheet 233 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
Careful with that 50 MA crosses the 100 MA – you want those opposite to be bullish. Careful price stays above them also. Price above 200 MA. Stoch RSI at top so it would make sense for it to come off soon.
Careful 50 MA pinch on 100 MA. SQZMOM up as is MACD but Stock RSI at top. Crude algo intra work sheet 233 AM Apr 10 FX $USOIL $WTIC #OIL $CL_F CL $USO $UCO $SCO $UWT $DWT #OOTT
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. Crude is currently trending toward a target (red circles on chart) 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.
Intra-day trading quadrants are available on all time – cycles and all of them are not detailed on this charting. The charting above represents the 30 minute trading quadrants. If you require tighter time-frames please email us and we will update charting for the time cycle you are looking for.
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 [email protected] – 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.
PS If you are not yet reviewing the daily post market trading results blog posts, please do so, they are on the blog daily and often there is information that also may assist your trading. Trade room transcripts (for example) may review topics pertinent to your trading.
