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The CL Crude-analysis Thread


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  #551 (permalink)
 wirechild 
Arkansas
 
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e4williams View Post
I wish that there were more swing traders out there. These day trading posts are very confusing to me.

Let's say an investor had 500.000 dollars to play with. And this is not me but let's just say an investor has 500,000 to play with.

Why would a person as such fool around with day-trading.

I think that such a person would be more interested in major trend changes.

Making serious money, rather than playing around. T. Boone Pickens - How I made my first billion. George Soros, the euro dollar trade, I think it was.

All this day trading seems like crap to me, why don't people look at the larger picture on the charts.

If you are trading a 10 grand account to avoid working at McDonald's, I could see that

But as to the day traders. I think you are throwing up crap up in the air and playing with it.

If you think your methods are better then by all means educate us. I do swing trade and don't see any major fundamental changes in oil in the last week or two so what is there to post? What has changed?

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  #552 (permalink)
 tradermark2009 
Concord, CA
 
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@ewilliams, I can see you are only here to jerk peoples chain. As a so-called day trader, I trade into/and out of areas based on HTF charts, and volume including S/R on entry levels. I do not like to take over night risk, I like to be flat at end of the day. It fits who I am, and what I like, if you like something else and can make a living at it then good for you. Your 2 cent rant serves no one any purpose since you show no point in your statements or a different way to think but your inexperience shows in your statements.
@Bigmike, this thread should be moved to an elite, just for this reason.

If people ask a question thats great, but to make an open statement and be a hater, that just kills me. Glad we have an ignore button. Sorry off my soap box. I love what has been going on here, you all rock.



e4williams View Post
I wish that there were more swing traders out there. These day trading posts are very confusing to me.

Let's say an investor had 500.000 dollars to play with. And this is not me but let's just say an investor has 500,000 to play with.

Why would a person as such fool around with day-trading.

I think that such a person would be more interested in major trend changes.

Making serious money, rather than playing around. T. Boone Pickens - How I made my first billion. George Soros, the euro dollar trade, I think it was.

All this day trading seems like crap to me, why don't people look at the larger picture on the charts.

If you are trading a 10 grand account to avoid working at McDonald's, I could see that

But as to the day traders. I think you are throwing up crap up in the air and playing with it.


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  #553 (permalink)
 e4williams 
Amarillo Texas/USA
 
Posts: 63 since Dec 2014


wirechild View Post
If you think your methods are better then by all means educate us. I do swing trade and don't see any major fundamental changes in oil in the last week or two so what is there to post? What has changed?

I respect a blunt opinion, And I would respect any blunt opinion thrown my way.

As long as it's an honest opinion that I could learn something from.

I think day trading is throwing up crap in the air and playing with it.

Are you here to have fun with the action or you here to make a profit Or to perhaps, support a wife and a family.

Go to Las Vegas or Atlantic City, the odds are in favor of the house.

I'll throw my shot out there. I think day trading oil is throwing crap up in the air and playing with it and having fun with the action. Fun with the action don't cut it with me.


The larger picture. Rather than just some talk about grabbing a few ticks.

Some smarts to the board and a little common sense would be a good add.

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  #554 (permalink)
 
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 tturner86 
Portland, Oregon
 
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e4williams View Post
I respect a blunt opinion, And I would respect any blunt opinion thrown my way.

As long as it's an honest opinion that I could learn something from.

I think day trading is throwing up crap in the air and playing with it.

Are you here to have fun with the action or you here to make a profit Or to perhaps, support a wife and a family.

Go to Las Vegas or Atlantic City, the odds are in favor of the house.

I'll throw my shot out there. I think day trading oil is throwing crap up in the air and playing with it and having fun with the action. Fun with the action don't cut it with me.


The larger picture. Rather than just some talk about grabbing a few ticks.

Some smarts to the board and a little common sense would be a good add.

To be absolutely honest the only difference between a day trade and a swing trade is the duration of the trade. So you can easy throw shit in the air and be swing trading. There is no real fundamental difference. The market is no more stable or less random at one time frame then another.

The key to any profitable trading is to create a process that gives you the best info about the market and allows you to create an actionable trade idea from. Whether that is on a day, swing or position basis is irrelevant.

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  #555 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
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Having reviewed e4williams posts I have decided to ignore him and block him from this thread. He seems more interested in antagonizing posters here instead of providing any real input.

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  #556 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
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e4williams said


Quoting 
Go to Las Vegas or Atlantic City, the odds are in favor of the house

@tturner86

Yes sir, with that kind of attitude fuck him

I'm guessing he doesn't understand statistics, trying to put odds in your favor. Even if you can put the "numbers" in your favor by 3-5-8%, that's an edge (the latter would be awesome.)

Something that I believe. You go to Las Vegas, the local boat - whatever. You slap fifty clams on red five and they hit the go button - you are done, that's it, finished, do or die. I go and slap one contract on red five and I can add, move, or take it off - it's not done until the fat lady sings.

-Bill_M

PS and that quote just get's under my fu******* skin. 98% of the people who "invest" in the market want it to go one way and one way only. I don't give a damn, just go.

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  #557 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
Prospect, KY. USA
 
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Ughhhhh

Days like this

We're above pivot, settlement price, Vpoc 5075 (profile start 0200amET) and this, that, the other.

I'm currently looking at Frankfurt low to London high 50% long at 5068.

Looks like London FR 5100 by 5

Any better ideas are very much welcome

-Bill

EDIT

Ok making a little more sense now

We're at current contract High to Low. Yesterday we came off the 50% long contract Low to most recent High - so far for the week Lucy is long,,,,,,

Currently she's in a micro half-way-back long.

Pick a side - current contract high to low, low to high or both

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  #558 (permalink)
 
mfbreakout's Avatar
 mfbreakout 
BOSTON, MA
Legendary Market Wizard
 
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WilleeMac View Post
Ughhhhh

Days like this

We're above pivot, settlement price, Vpoc 5075 (profile start 0200amET) and this, that, the other.

I'm currently looking at Frankfurt low to London high 50% long at 5068.

Looks like London FR 5100 by 5

Any better ideas are very much welcome

-Bill

EDIT

Ok making a little more sense now

We're at current contract High to low

So Lucy came half-way-back short and we're currently in a micro half-way-back long.

Pick a side


I have been long since yesterday after API report came from 50.44. Took some off around 50.71, held during Globex session took some more off around 50.82 and holding now small position.

Long, long hold time for 40 ticks. I hope i am mentally alert and prepared when DOE report comes out today at 10.30 am. I have been waiting with longs since yesterday Globex session with longs but nothing beyond 40 ticks.

My mistake was that i kept waiting for CL to test 52 etc and kept adding 50.30, 50.54 etc To figure out when the move only has 40 ticks and when 100+ ticks is the hardest thing for me right now. Sooner or later i will figure out a workable startegy to add to a psoition.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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  #559 (permalink)
Pedro40
Pittsburgh, Pennsylvania
 
Posts: 564 since Jan 2013
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I think ewilliams brought up a valid question, even though his style was a little bit offending. And I didn't see anybody answering it, so let me try it. I see 2 reasons why a guy with a big account would choose day trading over swingtrading:

1. A generally flat market. If you took a position (long or short) 3 weeks ago when price was around 51 and waited for a bigger move, well, 3 weeks passed by and the price is still there. So you made zero profits. But in that time period playing the daily fluctuations and capturing a little profit here and there, you could have made good money. So in a mostly flat market a daytrader can make money while a swingtrader won't.

2. Most people over trade. It is very hard to sit on your hands and stay in a position waiting for an exit signal. It is much easier to second guess yourself and click and even reverse positions. It is just the nature of humans. So most people prefer to be more active, even though under certain market conditions staying in position is more profitable...

Anyway, that is my take on it....

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  #560 (permalink)
 
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 WilleeMac 
Prospect, KY. USA
 
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We all have our own trading style for many valid reasons (you being most important.)

What I'm looking at now is

50% long held Globex

We had a spike down bar that the low could not be taken out 0625amET M1 bar (that 0630 time thing)

I started drawing/ pulling micro longs with anchors continuously originating at the 50% mark

Low to high, 50%. Prior 50% low to high, keep repeating until it starts on high to low etc

BTW nice spike/ breakout (as I type)

-Bill

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