Light Crude Oil Futures
Updated

Hedge dynasty

274
Here is a place that I update my daily trades on oil and gas. It is like a work book (or trading diary!).
Note
I opened 3 long positions on oil and one long position for NG.
Note
TP1 for oil is hit. I will wait for TP2 and TP3, or if the oil price dropped, I will buy again.
Note
The ROR for the first day was 19%. Amazing.
Note
TP2 is hit. Waiting for TP3 now. I’ll also look for opportunities to scalp it upward.
Note
My TP3 was missed buy 1 pip from ask price! If it comes back, it probably breaks the previous high, so I increased my TP3 a bit more.
Note
My buy order (for scalping) triggered and immediately reached to its 35 pips target over night.
Note
Just placed the second scalping order. And I am still waiting for the TP3 on the main order.
Note
Just bought one more NG unit. This unit is going to be a scalper unit, and I will sell it a little bit of gain.
Note
TP3 for oil is hit. Now I am just looking for scalping opportunities until I get a bearish signal.
Note
The long scalp NG unit hit its TP. Now I have one main NG unit waiting for its TP.
Note
I am bullish for NG as we are approaching to the cold months. So, I placed another scalping unit around 2.2 area, in case we retreat to that level again.
Note
The long scalp positions are deleted as the criteria is not valid at the moment. And short limit positions are placed.
Note
Just placed a long scalp too as the primary trend is still valid. But it is below the line. So it is a bit risky.
Note
The long scalp is in play. However, the signal turned bearish now. So, the short positions hedge the long scalp, amd I am net shprt. The long scalp will be oit in the pop.
Note
TP1 is hit.
Note
The long scalp hedge is out. Sold it on retracement. Now the hedge short acts as the main unit and assigned TP1.
Note
TP1 and TP2 are hit. Placed a sell scalping unit as well.
Note
Sell scalp is activated.
Note
Sell scalp hit its TP.
Note
Increased the NG TP because we are close to the TP right now, while the primary signal is about to happen. So it can go higher
Note
The NG long position hit its TP. However, it should be the beginning of a longer term bullish trend. However, I have negative swaps, and I prefer to get out before the swaps get accumulated.
Note
The only trade open at the moment is one oil unit waiting for TP3. Also, a scalp unit is waiting to be activated if the price pops.
Note
I have increased the limit sell price for the scalper unit as the price is pretty close to the line. The new limit price is inside the line, which is risky.
Note
Placed a buy limit order for NG 50 pips below where I sold today.
Note
Closed my third short position manually in profit.
Note
Added a nimble long
Note
I am bullish now.
Note
Added a long scalping unit.
Note
The long scalping unit hit its TP.
Note
TP1 is hit.
Note
I opened up 1 long position for NG.
Note
Added a long scalp for NG.
Note
Entered a long scalp for oil.
Note
The second scalping positions for oil and NG are in place. Both are bullish at the moment.
Note
The second long scalp unit for oil is activated.
Note
I closed the second oil scalp unit manually in profit. The code may signal bearish soon.
Note
The second NG scalp unit hit its TP.
Note
I am bearish for oil now.
Note
Bullish again. Was a false signal
Note
TP1 is reached.
Note
TP2 is hit.
Note
TP3 is hit. The NG scalping unit is activated.
Note
NG scalping unit hit its TP. Added a long position for oil and TP3 is assigned to it.
Note
I am bearish for oil now.
Note
I shorted the spike with a scalper unit. It reached its TP.
Note
TP1 is hit.
Note
Added two long NG positions.
Note
Bought one more NG unit.
Note
I added another short unit for oil.
Note
One of thw NG scalpers hit its TP.
Note
Another NG scalping unit hit its TP.
Note
I am bullish for oil now.
Note
TP1 for oil is hit.
Note
Added a long scalping unit for oil.
Note
I am bearish for oil now.
Note
bearish again.
Note
Turned bullish
Note
Closed 3 of the long positions with a little profit.
Note
Closed all long positions and added a nimble short position.
Note
TP1 and TP2 are hit.
Note
Hi TP3 is hit.
Note
Added a short scalping unit.
Note
Closed the two scalping units. Looking for another short entry again (for scalping).
Note
Added another short scalping unit.
Note
Manually closed the scalping unit in profit.
Note
Bullish for oil now.
Note
Turned bearish

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.