Crude intraday

[ThingyMajiggy]

short terms, what MA do you prefer, I have always used EMA under 10 min but I tend to like WMA more. I have read up on em but can't see any real advantages listed in what i have written.

opinions????

Never used an MA for anything so I can't really say. Why do you use them?

 

[>Apocalypto<]

Never used an MA for anything so I can't really say. Why do you use them?

i use them cuz there part of a method I have been using on and off for about 2 years. the MAs give you direction, you trade retracements off them in the cross direction.

this is the method have a look if you want let me know what you think. http://www.trading-naked.com/FloorTraderMethod.htm

I guess by your comment you trade off support and resistance right? still on sim, but another .20 cents up to this point in the evening.

 

[ThingyMajiggy]

i use them cuz there part of a method I have been using on and off for about 2 years. the MAs give you direction, you trade retracements off them in the cross direction.

this is the method have a look if you want let me know what you think. http://www.trading-naked.com/FloorTraderMethod.htm

I guess by your comment you trade off support and resistance right? still on sim, but another .20 cents up to this point in the evening.

Ahh I see, very interesting Will have a read of that.

Yeah I kind of do, have been experimenting with Frank Ds channel system on short term(1m). Also lately I have been looking at the markets overall, gold, oil, currencies, ES etc to see how they react with each other and taking trades off that, charts have been just plain naked.

But....I suck at both haha

Well done on the 20c

 

[Naked shorts]

short terms, what MA do you prefer, I have always used EMA under 10 min but I tend to like WMA more. I have read up on em but can't see any real advantages listed in what i have written.

opinions????

In my general market overview, I just a 100MA on 30min and 1min. I do this so i can get a quick idea of what the market has done without having to scroll back and it allows me to see what is currently correlated to what.

 

[>Apocalypto<]

flying on the 2min!

 

[ThingyMajiggy]

flying on the 2min!

Fark! So glad I'm short right now lol

 

[>Apocalypto<]

Fark! So glad I'm short right now lol

very nice! i caught a short off the decline.

 

[ThingyMajiggy]

very nice! i caught a short off the decline.

Yeah it was Crude Inventories released tonight @ midnight(Adelaide time), I was short because there was some resistance there on the higher timeframes, went short 2 contracts @ 84.40 I think it was(have closed down TWS), exited @ around a $1 less. Pity I'm only on Sim, if it was my live account, it would have spiked the other way lol

 

[>Apocalypto<]

Yeah it was Crude Inventories released tonight @ midnight(Adelaide time), I was short because there was some resistance there on the higher timeframes, went short 2 contracts @ 84.40 I think it was(have closed down TWS), exited @ around a $1 less. Pity I'm only on Sim, if it was my live account, it would have spiked the other way lol

I forgot it was WED night, that's inventories night!

lol, I know what you mean. don't worry i am also on sim. getting closer to go live. $2700 per lot to trade intraday is very good. lower margin then a trade on 100K GBP/USD!

 

[Naked shorts]

LOL u held through oil inventories! hahah, didnt u notice dom liquidity drying up just before hand?

 

[ThingyMajiggy]

LOL u held through oil inventories! hahah, didnt u notice dom liquidity drying up just before hand?

Ahhh the DOM, now lets see, everyone except maybe one guy I have asked about that says its "useless" and there is no point staring at the DOM, so....no I didn't see it dry up just before hand. I had it up but wasn't taking particular notice to it.

DOM, No DOM, someone just cut the BS and tell me if its worth looking at or not.

I went short because there was resistance above so I thought it would come off anyway, Inventories just happened to help it there alot faster than I thought haha

 

[Frank D]

DOM, No DOM, someone just cut the BS and tell me if its worth looking at or not.

I went short because there was resistance

I couldn’t think of anything worse than staring at the screen all day or
night waiting for volume or the DOM to make decisions.

You should already know what you’ll be doing before the day and where
you want to be trading.

If you are not sure of a particular set-up on a day, then the DOM might
give you an edge. But it should be an after thought.

What you did was correct:- trade support & resistance

If you are relying on Crude to meet your daily living expenses (primary income) then by all means use it.

If you are trading crude for extra cash and a few trades per week then
focus on support & resistance.

Note:- I might be bias because I don’t look at Volume.

 

[Naked shorts]

Ahhh the DOM, now lets see, everyone except maybe one guy I have asked about that says its "useless" and there is no point staring at the DOM, so....no I didn't see it dry up just before hand. I had it up but wasn't taking particular notice to it.

DOM, No DOM, someone just cut the BS and tell me if its worth looking at or not.

I went short because there was resistance above so I thought it would come off anyway, Inventories just happened to help it there alot faster than I thought haha

all the professionals with the money look at it. even the funds that that do super long term stuff do because their execution traders play games to get best execution.

 

[ThingyMajiggy]

I couldn’t think of anything worse than staring at the screen all day or
night waiting for volume or the DOM to make decisions.

You should already know what you’ll be doing before the day and where
you want to be trading.

If you are not sure of a particular set-up on a day, then the DOM might
give you an edge. But it should be an after thought.

What you did was correct:- trade support & resistance

If you are relying on Crude to meet your daily living expenses (primary income) then by all means use it.

If you are trading crude for extra cash and a few trades per week then
focus on support & resistance.

Note:- I might be bias because I don’t look at Volume.

Yeah, thanks Frank. That is what I did, I saw where the market could turn and went short there, I was short a little while before the Inventories came out. No matter which way I trade, someone, somewhere thinks its stupid so I dunno

all the professionals with the money look at it. even the funds that that do super long term stuff do because their execution traders play games to get best execution.

It really matters that much, even though the position is super long term??

 

[MRC & Co]

No matter which way I trade, someone, somewhere thinks its stupid so I dunno

This comment, after your comment about someone "someone just cut the BS and tell me if its worth looking at or not.".

Have you ever worked before Sam? Have you ever heard of a thing called autonomy or how about initiative?

Fark me, your rants are becoming very annoying.

Your quoted comment above is because everything works and everything doesn't.

Work out what you think works, then practice that. If the results aren't there, work out why......and on goes the loop. This is trading, it's continuous evolution.

 

[ThingyMajiggy]

This comment, after your comment about someone "someone just cut the BS and tell me if its worth looking at or not.".

Have you ever worked before Sam? Have you ever heard of a thing called autonomy or how about initiative?

Fark me, your rants are becoming very annoying.

Your quoted comment above is because everything works and everything doesn't.

Work out what you think works, then practice that. If the results aren't there, work out why......and on goes the loop. This is trading, it's continuous evolution.

Right, I had a large post about this sort of **** around here but its not worth it. I know what the response will be.

Enough from me around here then. Thanks to those that have helped me. Good luck in trading everyone

 

[MRC & Co]

Right, I had a large post about this sort of **** around here but its not worth it. I know what the response will be.

Enough from me around here then. Thanks to those that have helped me. Good luck in trading everyone

No problems.

Unfortunately, your not going to be spoon fed the holy grail anywhere in the world, inclusive of the virtual world, because there is no such thing.

I've given you ideas plenty of professional traders use, yet, it obviously isn't enough. You become frustrated and just want more and more and more, to the point that nobody can help you but yourself.

 

[ThingyMajiggy]

No problems.

Unfortunately, your not going to be spoon fed the holy grail anywhere in the world, inclusive of the virtual world, because there is no such thing.

I've given you ideas plenty of professional traders use, yet, it obviously isn't enough. You become frustrated and just want more and more and more, to the point that nobody can help you but yourself.

MRC,

I know that.

I'm using your ideas. I have been ever since you shared them with me.

My "rant" was merely to do with the DOM, of which you mentioned nothing in your ideas, its something that seems to be rarely talked about, some use it solely by itself, others think its a waste of time and I thought you of all people would know that no matter what way you trade, someone is going to think its not right, especially around here, everyones dick is bigger than the next guy's.

I would hardly call that wanting to be "spoon fed".

But anyway, I have appreciated the help I have gotten from yourself and others, I know there is more work to be done, as there always is. Heads down. I'll be sure to keep my farking annoying ranting voice down from now on.

 

[>Apocalypto<]

MRC,

I know that.

I'm using your ideas. I have been ever since you shared them with me.

My "rant" was merely to do with the DOM, of which you mentioned nothing in your ideas, its something that seems to be rarely talked about, some use it solely by itself, others think its a waste of time and I thought you of all people would know that no matter what way you trade, someone is going to think its not right, especially around here, everyones dick is bigger than the next guy's.

I would hardly call that wanting to be "spoon fed".

But anyway, I have appreciated the help I have gotten from yourself and others, I know there is more work to be done, as there always is. Heads down. I'll be sure to keep my farking annoying ranting voice down from now on.

SC,

I enjoy having you around the Crude thread and enjoy your posts so stick around.

cheers

 

[MRC & Co]

Sam,

DOM works for those who can use it. It doesn't for those who don't know how.

I traded oil nearly daily and mostly many times a day for over a year and consistently made money using nearly just the DOM, most probably couldn't use the same strategy.

You said this: "No matter which way I trade, someone, somewhere thinks its stupid so I dunno" with eyes rolling. I completely understand someone is going to critisize the way you trade, you need to learn that also and just keep doing what your doing. I don't read forums a lot or most blogs a lot these days except from those I really trust (i.e. agree with their logic) and they are few and far between, as I don't want to be swayed from my own style and opinion which works for me.

Just practice what seems logical to you, and keep improving upon that. Not really that hard, just have to realise the path is slow, curvy and frustrating. You are going to have great periods, followed by sh*t periods. Work out why, keep trying to improve and adapt.