Crude Oil (WTI)

Discussion in 'Futures Trading' started by LSS Trading, May 4, 2016.

  1. IchiFutures

    IchiFutures Active Member

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    /cl long 65.66
     
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  2. IchiFutures

    IchiFutures Active Member

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    stopped out overnight 65.55
     
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  3. IchiFutures

    IchiFutures Active Member

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    I use a trend strat. Trying to catch the breakout but price still ranging. Maybe I'll get it now. waiting
     
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  4. OldFart

    OldFart Well-Known Member

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    I was watching SPX all morning instead of /CL....:eek:
     
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  5. IchiFutures

    IchiFutures Active Member

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    @OldFart I'm long again ES 2784 after a 24 point long trade.

    Long /CL 66.22
     
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  6. OldFart

    OldFart Well-Known Member

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    @IchiFutures

    I just rode the /CL short train from 66.10 to 66.04...grocery money...lol
     
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  7. OldFart

    OldFart Well-Known Member

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    looks like SPX 2799 is S3 resistance...I'm holding call options on it @ 2795x...
     
    #47 OldFart, Jun 11, 2018
    Last edited: Jun 11, 2018
  8. OldFart

    OldFart Well-Known Member

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    @IchiFutures

    Good luck man...I'm out for a few hours. Got some things to take care of.
     
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  9. IchiFutures

    IchiFutures Active Member

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    adding 66.12. note - my system expectancy is pretty poor with /cl. I'm trading discretionary here vs my usual system logic that achieves better results in other instruments.
     
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  10. OldFart

    OldFart Well-Known Member

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    I've noticed that /Cl loves S/R trend lines. Almost like a magnet.
     
  11. IchiFutures

    IchiFutures Active Member

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    pinging back and forth. Been up 960 and down 640. still holding.
     
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  12. OldFart

    OldFart Well-Known Member

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    remember -> EIA petro report out tomorrow
     
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  13. IchiFutures

    IchiFutures Active Member

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    thanks oldie. closing based on the action today. really wanted to see more volume at the highs. +8 ticks x2
     
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  14. IchiFutures

    IchiFutures Active Member

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    Still long /ES 2784
     
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  15. OldFart

    OldFart Well-Known Member

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    @IchiFutures stay on your toes brother...fed speak's around 2:00 today, and you know as well as I do -> usually a stop run happens
     
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  16. IchiFutures

    IchiFutures Active Member

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    thanks for the heads-up oldie...although I haven't used news in my trading decisions for a long time now!
     
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  17. OldFart

    OldFart Well-Known Member

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    could be a non event....I'm waiting for it...no trades yet
     
  18. IchiFutures

    IchiFutures Active Member

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    I have a statistical advantage in /ES so I stick to the system.
     
  19. IchiFutures

    IchiFutures Active Member

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    stopped out 2780 (-16 ticks) Current strat on the year has 65% win. 2.77 r/r 1.45 expectancy. On to the next one.
     
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  20. OldFart

    OldFart Well-Known Member

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    caught a bounce earlier...
    in 65.23
    out 65.29

    Still waiting around for the bottom ( since I didn't catch the fall )
     
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