{"id":41899,"date":"2015-08-05T07:00:55","date_gmt":"2015-08-05T11:00:55","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=41899"},"modified":"2015-10-03T20:07:30","modified_gmt":"2015-10-04T00:07:30","slug":"inside-the-trading-vault-a-look-at-cl_f","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/inside-the-trading-vault-a-look-at-cl_f","title":{"rendered":"Inside The Trading Vault &#8211; A look at CL_F"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Trading Vault Concept &#8211;<\/strong><\/p>\n<p><em>&#8220;When charts are in a trend, we are often tempted to pick bottoms or tops because we FEEL a chart has reversed enough. \u00a0The slightest drift over or under a level, we trigger our trades to initiate a trade in the direction of the move, but in these markets breakout and breakdown levels are part of a wave retracement event, not an isolated event. \u00a0If the chart does not hold its retracement, the move is failed. This can keep me out of bad trades and failed moves. \u00a0 Learning to implement a strategy that uses this market behavior is essential to consistent trading results&#8221;<\/em><\/p>\n<p>Let&#8217;s take a look at the WTI crude chart &#8211; August&#8217;s contract in particular<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/08\/CL_F.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-41901\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/08\/CL_F-300x163.png\" alt=\"CL_F\" width=\"300\" height=\"163\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/08\/CL_F-300x163.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/08\/CL_F-1024x556.png 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Buyers are\u00a0trying to find a bottom in the face of extremely negative momentum, only to keep\u00a0getting rejected. \u00a0The price failure is\u00a0trapping longs (buyers in the wrong direction) in the downward motion controlled by the sellers. \u00a0I like to use the 4hour chart to strategize my trades and using the <em>Trading Vault<\/em> concept above, I am looking today at 46.12 as a breach point for another upside press into resistance into 46.8 and perhaps 47.30&#8230;.. This move should not hold and as momentum is negative as mentioned, we should retrace to our initial breach point.<\/p>\n<p>On the down side, we haven&#8217;t seen these levels in oil since 2009 ( outside\u00a0our last drift down in March), so in order to find support, we have to look at the cumulative contract for WTI. \u00a0I&#8217;m looking at 45.77 to open up further downside and a retest of 45.45. \u00a0A loss of 45.2 and we&#8217;re likely to see 44.74, 44.3, 43.65, 42.6 and may settle in at 41.6.<\/p>\n<p>* no relevant positions<\/p>\n<p><a href=\"https:\/\/www.dropbox.com\/s\/rfphz0ec0vz2iji\/Options%20Risk%20Disclosure.pdf?dl=0\">CBOE Options Risk Disclosure<\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2015\/09\/Risk-Disclosure-Statement.pdf\">Risk Disclosure Statement<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; &nbsp; &nbsp; Trading Vault Concept &#8211; &#8220;When charts are in a trend, we are often tempted to pick bottoms or tops because we FEEL a chart has reversed enough. \u00a0The slightest drift over or under a level, we trigger our trades to initiate a trade in the direction of the move, but in these markets breakout and breakdown levels &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/inside-the-trading-vault-a-look-at-cl_f\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1102,"featured_media":41901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,14,1366,3,456,453,1373,15],"tags":[3004,38,4567],"class_list":["post-41899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","category-intraday-levels","category-market-structure","category-technical_plays","category-trader_development","category-trading_ideas","category-trading-lesson","category-trading_theory","tag-clf","tag-trading","tag-vault"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inside The Trading Vault - A look at CL_F | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/inside-the-trading-vault-a-look-at-cl_f\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inside The Trading Vault - A look at CL_F | SMB Training\" \/>\n<meta property=\"og:description\" content=\"&nbsp; &nbsp; &nbsp; Trading Vault Concept &#8211; &#8220;When charts are in a trend, we are often tempted to pick bottoms or tops because we FEEL a chart has reversed enough. \u00a0The slightest drift over or under a level, we trigger our trades to initiate a trade in the direction of the move, but in these markets breakout and breakdown levels ... 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