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I am a scalping Crude and ER2. While IB's TWS is simple and sturdy the charting component is substandard. Having looked at the links provided above it seems that the chart trader function of some of those systems may suit me. The question to experienced traders is: Was switching to a...

CL was not mean reverting yesterday :) but watching the June/July spread kept me out of major trouble. GC

I have also noticed that CL becomes range bound for a few minutes around 9:30 ET when the stock markets open. I have seen very few decisive moves in that time bracket. GC

yesterday's trades: CLM07 63 lots - 1159.30 net ER2M07 21 lots 719.72 net today: CLN07 39 lots 294.64 net ER2M07 44 lots -738.42 net GC

decent morning, quitting early CLM07 21 lots 275.20 net ER2M07 19 lots 637.60 net GC

My trades today, I have to stop because I was out of control and I will give it back if I don't walk away from it. CLM07 45 lots 529.70 net ER2M07 38 lots 72.44 YMM07 14 lots 130.76 net

Many thanks for the above info. Tonight I'll play with it. GC

Please, I need help with copying IB's TWS blotter so that I can insert attachments into my posts. Alt+printscreen does not do a thing when I click on the blotter. Thanks in advance. GC

lolo24ca, Thanks for posting your ideas. Your trade triggered and very likely it will reach the relatively close target. Since I am scalping I don't look at daily charts every day but I did tonight and without considering the economics behind it it looks like it is poised for a drop...

I am also waiting with anticipation the online trading of Oil Complex options. I wonder if it makes a difference in gearing up for electronic trading of options that the price structure in the oil complex is not linear. In bonds or indices any MM can whip up a quote on a butterfly or other...

calling it a day CLM07 21 lots 460.96 net QMM07 5 lots 56.30 net ER2M97 10 lots 223.80 net GC

The answer to the original question is rather complex but to put it simply the combination of phasing of underlying cycles determine if the price is going to advance or bounce around or decline in a particular time segment. I use the term cycle in a broad sense if it bothers you use the...

Your focus should not be on specific daily P/L but rather on doing the right thing, on how close you are able to duplicate your simulated trades in real time, on monitoring yourself to make sure you are not gun shy or get carried away. Take the setup that has been the most promising of the...

Starting on Monday I will daily post the results of my scalping on the "Trader P/L2007" thread. GC

I am so glad to have checked into this thread. I scalp Crude (I started a thread titled "Some observations on scalping Crude" over at the Energy Futures Forum), sometimes ER2 and I have swing and scale trades on in stocks and in currency futures. Monday I will start posting my daily Crude...

Thanks again, I have been keeping my eye on the June/July spread for the past few days (I have it charted in TS) I am not talking about broad swings just small intraday wiggles. The spread came in from -200 to about -150 on Wednesday but it did not budge much yesterday. Today it was...

If you set up a number of different length MACD indicators and volatility bands it will help you to see when prices are accelerating or losing steam or approaching support and resistance. I use this setup to scalp Crude. It helps me to assess when not to fade a move. Regards, GC

Crude has been a great scalping market in the past two days. Because of increased volatility I have increased my targets from 3-4 to 4-5 ticks. On Tuesday on the way up the June/July spread strengthened but on the decline yesterday it did not loose much. We'll see if this has any...

cashmoney69 "I think we'd all be better traders if we actually saw the 100 dollar bills being burned in front of our faces ." I agree, an occasional reality check is useful. I actually have $20 bills littering my apartment floor to remind me not to throw away money on silly trades. :) GC

PJKII, Thanks for that info. Quite amazing. If I understand this correctly someone could build storage facilities near the delivery point and earn big bucks storing Crude. I imagine when the discount widens beyond the carry, like now, at some point the overstrung rubber band effect...