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Ahh lol man I am a newbie. Looked up retracement and slippage and I see what you mean. As I said in my example "If I had a crystal ball" the point of the thought process was so that I could understand the transaction process. For the most part it sounds like I understand the process...

Thank you for the replies. I will have to do a little more reading and learning I guess as "slippage" and "retracements" are terms I need to understand and do not... yet. Thank you for the concepts to explore. Sean

Okay another newbie question. I am slowly getting my head around commodities but I am not quite there yet. Any help is most appreciated. In order for me to understand the contracts and profits/losses I have been looking a past contract price data and trying to understand how the process would...

I see so it is continuous for charting and past data representation purposes only. So there is no such thing as a "Continuous Futures Contract" which explains why I could not find the definition lol Thank you for your help. Much appreciated.

This is a newby question as I have just started learning about futures etc... When looking at historic price data on Crude Oil futures I found charts labeled as: NYMEX Crude Oil Futures, Continuous Contract #1 (CL1) (Front Month) I found the defintion for front month but what is the...