Advanced Trading Strategies Overview
Advanced Trading Strategies Overview
A CL tracking sheet likely refers to a document used to monitor and record the trading activities and performance metrics related to crude oil (CL) futures. This sheet would be a part of or supplement to a comprehensive oil trading strategy, providing traders with a structured method to track key performance indicators, positions, risk assessments, and possibly correlate those with crude oil market movements and trades placed according to specific trading strategies .
The News Strangle strategy involves using ForexFactory.com to identify high-impact economic news. Traders use a five-minute chart with 21.8.5 exponential moving averages and calculate the WATR13 (Wilder's Average True Range) for the instrument. Five minutes before the news announcement, place a long and short order (strangle) at the WATR13 distance from the current market value, utilizing an OCO (Order Cancels Order). Set an Automated Trade Management (ATM) strategy as a Trailing Stop (TS) or a trailing stop with reversal, which varies per instrument. Cancel the orders if no significant movement occurs within the first 2-3 minutes, and exit when the move violates the 5ema or the TS stops out .
When implementing an Earnings Strangle strategy on NQ, use a service like EarningsWhispers.com to determine the date and time of earnings reports. Preferably, choose earnings announced after 4 pm. Check if multiple companies report earnings on the same day, as this can influence the impact of the news. On a five-minute chart, establish a long and short order (strangle) using WATR13 distance from the current market value, 5 minutes before the announcement, with an OCO order type. A Trailing Stop (TS) must be set to capture profits and manage risk. Use different exit strategies, such as 4-3-2-1 or 2-1-1, or allow the TS to manage the exit per instrument risk comfort, tested with the ATR .
To confirm a bullish or bearish move using Parabolic SAR and ROC indicators, observe a five-minute chart with Parabolic SAR dots and two Rate of Change (ROC) values set at 8 and 13. For a bullish move confirmation, the ROC should be above zero, and for a bearish move, it should be below zero. When candles reach and pass through the Parabolic SAR dots, wait for new parabolic dots to appear in the opposite direction before executing a trade on breakout or retesting .
The Moving Average Cross strategy uses a daily chart with an 8ema and 21ema to evaluate market support, resistance, and direction. On a five-minute intraday chart, the strategy requires monitoring for when the 8ema crosses above or below the 21ema after a trend persists for at least 13 candles. A trade in the new direction can be taken after the candle retests the 8ema. Alternatively, a more aggressive entry involves taking the breakout candle of the moving average cross .