Crude Oil Futres

[ntrader 10]

Prices for oil rose 6.9% last week, the largest weekly percentage gain since late February 2011

[slick60 10]

I recently found OFA FREE and here is a snap of it showing a trade coupled with my standard PLT indicator on the right. This is the free version of OFA software which shows order flow in a bit different manner than all the other ladders. It is great. I bought the paid version and full suite of plug-ins with it but have not had a chance to use it.

This is going to be some pretty exciting times with OFA in the near future.

Anyone interested in order flow I highly recommend going to the OFA FREE site and downloading the program. Working software FREE forever and very meaningful.

 

2013-10-14_0819 - slick60's library

 

http://content.screencast.com/users/slick60/folders/Jing/media/c0030d42-dd4b-4374-ac87-5c83c6a59347/2013-10-12_1309.png

 

slick60

[JamesBrrando 10]

Dead Thread?

 

I looking for Crude to bounce to $100 this week.

[slick60 10]

Dead Thread?

 

I looking for Crude to bounce to $100 this week.

 

Hi James

You are right - 'dead thread' - this is why I abandoned it back in February this year. Lack of interest and input. I thought I would try a couple posts to see if we can generate some interest especially with the OFA software. Order flow is the way to go but nobody was able or willing to help me to try and understand it. The OFA does that.

Crude is like going to Monte Carlo and if one can master it with a reasonable trade strategy it offers up a pot of gold each day. I follow it but have spent more time on the 6E and EURUSD. Now with the OFA I will pay more attention to it and try to harness its' speed.

A low was due on the day of the 24th and it did not disappoint with the double bottom. We will now uptrend for a short while and you may be right with the 100 area.

How do you follow this instrument. Do you have any snaps?

 

slick

 

Marked up a CL chart to show a couple trades showing my normal entry and the paid version of OFA

http://screencast.com/t/NMGAQ1pVVBY

Edited October 28, 2013 by slick60
add snap

[JamesBrrando 10]

Seems pinned between 97.50 and 98

I dont have any special software, just OEC chart with my RSI and Bollinger Bands setup.

[Guest OILFXPRO]

Seems pinned between 97.50 and 98

I dont have any special software, just OEC chart with my RSI and Bollinger Bands setup.

 

98.20 is resistance.Let it become support

[JamesBrrando 10]

once we get above there.....:helloooo:

[slick60 10]

Seems pinned between 97.50 and 98

I dont have any special software, just OEC chart with my RSI and Bollinger Bands setup.

 

James may I suggest you go into the OFA FREE website and download the order flow software that is shown in my attached snap. This is the paid version but the FREE will give you most of what you see here. CL is just great today not blowing itself out of the water and going crazy. It is days like today one can really capitalize. Me - I am outside working on a deck/patio that has to get done before winter.

Here is a snap with a few trade set-ups marrying my indicator software with the OFA.

 

http://content.screencast.com/users/slick60/folders/Jing/media/2622d778-248b-4c0a-b4c4-850634bac55b/2013-10-28_1212.png

 

good trading folks

 

slick60

[Guest OILFXPRO]

once we get above there.....:helloooo:

 

it tested support now long

[Guest OILFXPRO]

it tested support now long

 

 

The blind monkey trading futures is back .:crap:

[slick60 10]

A snap today showing several trade set-ups in the overnight and early morning hours of Oct 29/13. Note how the order flow chart compliments my indicator set-ups and vice versa. Following order flow on OFA is simplified once you have a basic understanding of it. There is all kinds of instruction available in recorded webinars on the OFA site available to anyone all the time. The FREE version of the software is available and support forum to go with it. If you have any interest in order flow "Go get it". costs nothing.

I want to add that I have absolutely nothing to do with OFA except that I bought the paid version and just highly recommend it.

Here is the link for the OFA

OFA/FREE

 

2013-10-29_0544 - slick60's library

 

slick60

[Guest OILFXPRO]

Oil support holding at 98.20 at present.

[JamesBrrando 10]

Waiting for retest of 95.95, either a double bottom is on the horizon, or we will make a higher low. Looking for divergences and watching the USD.

[MightyMouse 12]

There is no bottom here. Efforts are best spend finding a nice place to be short. Expect to see the 80's in a bit.

[JamesBrrando 10]

new lows in crude

 

downside target...no clue

[MightyMouse 12]

I simply love trading.

[JamesBrrando 10]

Crude gettin EOD selloff now

Next target 90-91

next week

[Guest epic research]

Crudeoil trading range for the day is 5983-6081.

[Guest epic research]

Crudeoil trading range for the day is 5613-5815

[slick60 10]

It has been awhile since I posted on this thread. I wanted to show a snap of the Crude Oil June-14 contract for last Friday. Trying to optimize my setups for maximum performance and I thought we are getting pretty close. The European session at times moves pretty well but other times just dogs along. Generally there is lots of time to enter the trade - PATIENCE is paramount in waiting for the proper setup. The setups I show all give you a 10 tick return almost 100% of the time. For scalpers just take the first 5 or whatever you are comfortable with. Running more than 1 contract can garner some handsome profits. I still feel this is "Casino Royale" but the opportunities are immense.

 

2014-05-03_0912 - slick60's library

 

Good trading everyone

slick60