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The CL Crude-analysis Thread


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  #561 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
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Master Chart H1 full view of current contract




Next lower time frame




Micro time frame M1

Spike down bar 0625amET with no follow through to the downside. The first micro long (not shown) is from 5060 to 0645am (white dots after green squares - the red/ white dots, green squares are time marks.) The chart is showing a series of micro long pulls using the previous 50% as anchor for the next pull. Keep pulling long until the long is no longer there. Typically it will go two, three or four micro pulls and then come back into a traditional measured move long (ie a 50% on a larger pull or higher time frame.)




Pulled back into a larger 50% MM or a higher time frame






The other thing I like to look for is price action at time (reference last chart above to you current chart at 0800amET

-Bill

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  #562 (permalink)
 
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 WilleeMac 
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It's hard to see this with all the numbers and % on the fib pull (BTW, I've been told that it is actually a reverse Fib pull.)

Pull(s)

0625amET to 0641, 5060 to 5074
0643 to 0652, 5067 to 5079
0658 to 0709, 5071 to 5082 (not only is the micro 50% in there but also the Vpoc 5075)
0713 to 0722, 5076 to 5097

-Bill




EDIT

Does /CL hit the 50% retrace, HWB, MM long or short to the tick every time? Sure, what the hell, what doesn't?

Max front run is 6, most common 4-6



EDIT2

Bread and butter play - Globex low to high or high to low (works every time, 100% guaranteed pure bull shit.)


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  #563 (permalink)
 
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 WilleeMac 
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Will this work, will Lucy stay in the long mode?

Very simple premise - Low to High, High to Low. Wash, rinse, repeat.

Some might call it looking for a pullback,,,,,,,,

Yadda, yadda

-Bill



EDIT

What I like about this particular view, it has H1 windows overlaid on an M5 chart. For ToS users if interested, the code is available in a previous post




EDIT2

For those that don't believe in all of the Circus Magic that I've put forth, I'll go with hard core numbers (brought to you by @Cashish)

/CL just came right off of yesterday's CME settlement price (I don't think there's much magic in that, other than it doesn't happen enough.)

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  #564 (permalink)
 
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 mfbreakout 
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Happy today with 40-50 ticks till DOE report and $ settling down. Holding small longs and will flatten before DOE report. Based off consolidation at highs, some may say DOE report is already priced in and will CL make new highs for the week. May be but i am not willing to trade in front of 100 ticks spike down ( just as an example) and then rip up etc.



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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  #565 (permalink)
 
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 WilleeMac 
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VSA

Stuck

First Magenta spike down bar, no new low
Fourth Cyan spike up bar, no new high
Subsequent spike up bar, no new high
Last spike down, bar no new low (so far)

That's all I have, I can't do this shit and keep up with that

Hope some of it was helpful

-Bill


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  #566 (permalink)
 
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 WilleeMac 
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Ok last go at it

This shows KISS of Yday low to Tday high. Will it hold? How the hell do I know, does low volume nodes, does pivot, does settlement price, does Vpoc?

EDIT - I think the whole point of all of this (all the input from everybody here), you need to be aware of these numbers. Especially with /CL, she can have price action (participation) ay any of these levels. What has the highest probability? That's where screen time and Excel spreadsheets come in play etc etc.

Next area of interest would be week low to high,,,,,,,,, and then, and then, and then...........

Round and round Lucy goes, where she stops NOBODY knows

-Bill


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  #567 (permalink)
 
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 trendwaves 
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30 Minute chart ahead of the weekly petroleum status report


Be Patient and Trade Smart
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  #568 (permalink)
 
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 WilleeMac 
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Ok, waiting for the monster to calm down

She traded the contract low to most recent high (half-way-back, 50% retrace, measured move, pullback, price action)

-Bill

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  #569 (permalink)
 
WilleeMac's Avatar
 WilleeMac 
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Everybody is giddy over the 2009 FED info/ stuff being out for your viewing pleasure.

What in the hell does six year old data have to do with the price of tea in China?

Never mind, they most likely don't trade /CL or trade at all.

-Bill_M

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  #570 (permalink)
 
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 mfbreakout 
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I am surprised at CL not getting sold. Well i gave her hour and a half. $ at new highs and massive inventory build up but no meaningful sell off.



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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