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I think certain commodity markets differ quite a bit from stock index futures and other markets, since you have gigantic commercial hedgers involved, constantly building huge shorts on and leaving them, even if they go against them. Plus since crude is so controlled by OPEC, they have interest...

well, that 5min barely gave us any lift. No momo behind since pit closed. Kind of interesting CL didn't selloff near as much as the euro today. I tend watch eur/usd charts when I should be watch DX charts, as every now and then I get a false divergence in the contracts since its more of the...

Ah I see. I've been distracted today so have missed quite a few good trades. had a few pinbars, tweesers, and doji's on the 5m which would have worked well had I been around to grab them. Oh well. We'll see how this current 5min pinbar turns out, looks weak because we've been chopping around...

Cool, would be interested to know what opportunities you saw if you feel like sharing, if not totally understandable. :)

Ya, pretty quiet in here today indeed. Not much action yet for me today in CL.

I never pass up women for trading, even though it breaks the cardinal rule of trading = preservation of capital. Each to his own. ;)

Hey, you guys know any good resources/sites where people do fundamental analysis of the crude market? It would be interesting to see fundy rationale for longs/shorts. I'm would assume they would have the same general long term outlook, but short term geopolitical risk would make me think there...

hourly looks like crap. 5min couldnt hold a close below 91.06, with just long tails pointing down... see if it gives some boost up.. I imagine CL could react suddenly and violently to any kind of news in the middle east right now. Lots of fingers on the trigger and eyes on the TV I would...

nice entry. looks like they sucked up inventory below your level on that 1min pinbar.

Hey guys. Will hopefully be posting here a bit during February. Quite like the volatility and exact level touches in CL as opposed to SIFs and currencies. Nod, really enjoyed the chart with trades. Very cool to see what you look at, thanks.

I was just tossing about the idea of moving to Eastern Europe for a while, and was hoping Brent would make for better trading hours than CL. :) I'll look into it more, thanks for the input guys. Might be harder to get a deal on commissions on Brent from a US broker too.

Hey guys, I did a search on ET, but didn't come up with anything satisfactory, so thought I would ask here if anyone has tried their hand trading Brent, and what their impression of it versus CL is. I know they have a few Brent derivative products at nymex, and at least that main one on ICE...

those numbers arent exact, i just eyeballed it plus or minus a few ticks. good luck. :)

some guys looking for a measured move bottom around 77.87 i reckon. 82.70 to 80.08 81.76 to 79.15 80.48 to 77.87? About a 2.62 between. Coincidence this is a fib number? Dunno. Just an observation.

It all depends on strategy and type of trading being done IMHO. People should understand the fat tailed distribution found in all mkt price data across all timeframes, and realize those fat tails is what makes averaging down dangerous if done improperly. If mkt data conformed to standard...

Sounds good nod, thanks. :) Ya, I moved to S. America for a while, and was trading from down there (was two hours ahead of NYC, so quite nice). Back on the west coast now, and not wanting to keep london session hours for trading euro anymore, so moving to CL. Haven't been on ET in...

hey guys, never posted on this thread before, but saw all the talk about slippage in CL which has been an issue for me. Not really sure how much I can size up on my current timeframe without too much impact. Fairly new to CL, so haven't experimented with it too much, but any info would be...

Hi, I've been considering a temporary move to South America, most likely Argentina (Buenos Aires), and perhaps Brazil (Florianopolis). I'm just wondering what other's experiences are with internet access in these places, and what kind of ping times they have seen to exchanges like NYSE, CME...

hey guys. MSCI index rebalancing today, and 200day SMA touched on daily. big magnet imho.

I'm late twenties, trade for a living, and have had the fortune to live, work, and travel through a few continents. If you decide to go the trading route, you live in Chicago which is a great trading town, and could provide you with the possibility of finding a real mentor, at least moreso...