brownsfan019

That's a lot of implying going on there Gabe... I move to another market when the current one is no longer working and/or another market is providing better profits. Currently the CL is providing the best opportunities for how I trade - even though I could easily be trading this across a mix of markets. I'm just choosing to trade the CL.

I go with what is working at the time. Right now, focus on the CL is proving very profitable. Until that changes, I will keep my focus here. Trading is about adapting to your surroundings and doing what works best for you. I think that's why some methods can't survive - b/c they become hard and fast in their ways and ignore what's going on around them.

Just CL for me currently. Can't beat the price action. And for the record, I was the first one saying that people should be looking at the CL.

I guess EB would be more appropriate. I just grabbed the E and the J I saw in your name. Easier than typing the full thing out.

EJ - do you have an EL code you can post for the vwap bands?

When I have another update, I will post here. Till then I'm not interested in debating about the OEC timestamping since it's pretty obvious how it is handled.

Sounds like you've made your concerns known to OEC; therefore I shall let it be. You can't make everyone happy. Ergo a) wait to see if OEC can do what you need or 2) use a software that will meet your needs or iii) deal with the 1 minute off thing. If you understand how it's timestamped, then this is a moot point. PS You are welcome for the update too!

EJ - can you explain how you enter b/c I'm not sure how your entry level is identified on that chart. Are you anticipating the candle pattern to form or do you wait for some sort of confirmation? Thanks.

So to clarify - your OEC chart shows a time of 16:23 and MC shows 16:24 and we know that OEC shows the START time of the candle and MC shows the END time of the candle... but there is another problem here? Please explain how OEC's chart is incorrect with their timestamping knowing that they show the START of the candle. I run OEC charts daily and I rarely have any bars missing. When it does happen it usually backfills when it comes back online - whether it's my outage or theirs.

1-26-10: +$230 1-27-10: +$1809.99 Tue was a dig yourself out of a hole day. I started w/ a nice win and then kept fighting the up move. Eventually recovered. Today was much easier, much like Monday. If every day could be this easy, I could trade stress free. lol

You do realize that OEC is showing the start of the bar; whereas some charting platforms show the close, right? Could that explain the 1 min difference on a 1 minute chart? If you hit refresh is that 1 min bar still not there?

You'll need to provide examples of the timestamp and missing bars issue b/c I have not seen those.

So you used pirated software to trade from and now it's not working... Surprise. Reformat the computer immediately.

Ask your broker, that's what you pay them for.

Post away EJ! If you want, feel free to start a thread in the candlestick corner on this too. I'm sure you will get some interest.

Thales - I think you will like oil, at least in it's current shape and form. As I've posted all along, I watch quite a few markets and as you saw, it's hard to beat the action in oil right now. Typically find out fairly quickly if you are right or wrong. There's plenty of liquidity and mainly trades from 9am-230pm EST. So I can have a shorter day, while having more opportunities than the indexes or currencies.

1-27-10 Update I haven't forgotten about you guys, just wanted to get the information together. The first issue apparently is how all of this is reported from the CME. This is from their website: FOR PRODUCTS THAT ARE TRADED IN BOTH REGULAR TRADING HOURS (RTH) AND ELECTRONIC TRADING HOURS (ETH) THE INFORMATION REPRESENTED ON THIS PAGE FOR OPENING RANGE, HIGH, LOW, CLOSING RANGE, SETTLEMENT PRICE AND VOLUME REPRESENTS RTH ACTIVITY ONLY. NOTE: LIFE OF CONTRACT HIGH AND LOW REPRESENTS BOTH RTH AND ETH. RTH VOLUME REFLECTS PIT TRADING, BLOCK TRADES AND CASH-FOR-FUTURES ONLY. ETH REPRESENTS GLOBEX VOLUME TRANSACTIONS FROM THE GLOBEX® ELECTRONIC SESSION ONLY. VOLUME OR OPEN INTEREST (BOTH BEFORE AND AFTER THE LAST DAY OF TRADING) MAY BE AFFECTED BY: CASH FOR FUTURES, SPREADS, AND PRIOR DAYS’ CLEARED TRADES (OUT-TRADES), POSITION ADJUSTMENTS, OPTION EXERCISES, POSITIONS IN DELIVERY, OR POSITIONS IN A CASH SETTLEMENT CYCLE. PRODUCT LISTINGS REPRESENT CONTRACTS WITH PRICE/VOLUME ACTIVITY AND/OR HAVE ESTABLISHED OPEN INTEREST. PRODUCTS THAT ARE ELIGIBLE TO TRADE, BUT ARE INACTIVE, DO NOT APPEAR IN THIS REPORT. LEGEND: B=BID, A=ASK, N=NOMINAL, P=POST SETTLEMENT SESSION, #=NEW CONTRACT HIGH PRICE, *=NEW CONTRACT LOW PRICE, R=RECORD VOLUME OR OPEN INTEREST. SETTLEMENT PRICES ARE DETERMINED BY CME RULE 813. So issue #1 is how the CME is handling all of this. You would think this would be simple and easy, but I'm guessing there's some neat reason why they do this... Now, back to OEC - here is what I was told directly from the source: From our CME data connection we are using ticks to build Histograms and Charts, but a different source from the quote feed to update our Quotes. We are close to a decision point as to which number we want to standardize on. API and SIM have the most up-to-date changes. PROD will be next once we have made a final decision on what we standardize on. The issue there appears to be that OEC is using 2 sources and b/c those sources view and handle the data from the CME a bit differently, which we can see has some issues, you are seeing the end result. I'm assuming (and this is my opinion) that once OEC decides to use 1 source, then your issue presented here will go away. With all that said, this all comes down to how the CME is reporting the data. In the simplest form, it's not crisp and clean. And unfortunately the data vendors go out and get the data, do whatever they do and then pass it on to us. And apparently there is not a standard on how to do this part either. It would be much easier on everyone if 1) the CME made this an easy process and/or 2) there was a standardized way to gather this data across the board.

I think that's a ton of trading in 1 day, esp when you consider that oil is open 9am-230pm basically. The good news is that you did get back on the day, the bad news is that it took quite a bit to get there. And today was a day where it did give you a chance to get back as there wasn't a clear, one way direction trend to fight. My biggest concern would be what if it was a straight shot, look out below trend and you kept fighting it over and over? Could you come back the next day and fight again? It's good that you are aware that you do not like trading this much and want to do something about it. That's a big deal as many would ignore it. Keep using this thread to keep you on track and if you know you want to be at 10 trades or under, make that the goal!

Is that 30 individual trades or is that cumulative and trading multiple contracts? If that's the # of trades being done, that's a lot IMO. I'm shooting for around 5 per day to give you an idea. Not saying it's bad, just is quite a bit of trading.

1-21-10: +$1730 1-25-10: +$1860 Some nice trading the CL here lately. You'll notice that today's screenshot includes a ninjatrader recap as I was doing some testing with it today. Good idea to have more than 1 broker account open should something happen to your main one.

1: Sounds good if the entry method is refined enough for you to be able to say that 2 shots is enough. 2: If you are planning to trade the CL and stop when your day loss reaches $200 = 20 ticks. Depends on your entry and stop loss as to whether or not that makes sense.

New year update -- I will try to get my p/l up from last week and caught up later today but I wanted to just put a little post up that might help Dinero (and any others in the same situation of having this huge basket to trade from and feeling like you are thinned out) - the last week or so I've just been focusing on the CL to trade. The moves and profit potential is unmatched for me and my trading, so all effort is now being directed there. I have a CL chart up with 3 different timeframes and that's it. I'm still looking for the setups that I prefer the most, but using 3 different (albeit close) timeframes to get into trades. The CL is just providing too many opportunities that I can miss staring at other charts at this point in time. I have no idea how long it will continue like this, but for now, I'm just trading the CL.

So when you said on 10/20 that you would fix that, what exactly did you mean? Maybe quarterly is what you meant to say and not weekly? I really don't see the point of saying to expect this weekly and then you just randomly (and I stress randomly) appear with some text.

This should help. You do realize you are posting on a TRADING forum about LTC, right? Maybe find a LTC dedicated forum.

Part of my reason for being busy lately was working on this. I got my renewal from Anthem and I had enough. It was time for a change b/c they just kept jacking my rates up and the plan I was on was not the great. I have an application in to SuperMed One from Medical Mutual of Ohio. I was able to do everything online (which is what I wanted) and you are able to pick and choose from a variety of options. I also added dental and vision through them. Assuming I get approved and get the price quoted on their website, I will be paying 26% less per month for better health insurance and dental and vision. I did not have dental/vision on my old plan, just self paid those. This looks like an OH based plan, but it could just be branded that way. I have no idea. I also was strongly considering Assurant. They also have the ability to customize the plan to what you want. It appears this is available in all/most states, so this might be an option for those not in OH to consider. Assurant is my backup plan if something falls through with SuperMed One.