anyone daytrading the QM mini Crude Oil?

Quote from the1:

The QM/CL is a perfectly good instrument for a newb to lose a lot of money very fast. It's a very difficult instrument to trade that requires a lot of study and analysis. It's definitely tradeable but you can't just jump in and expect to start generating coin.
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I won't argue with this, but there's one exception: The Wed crude inventory report

You can test this over time and you will find a pure trading edge:

Sometime during the 10 minutes before the crude inventory report you put on a long or short position. It doesn't matter which. The only important thing is that you DO NOT, under any circumstances, place a protective stop.

You place a limit order to take profit 20-30 ticks from your entry price.

At some point following the report, your profit target will be filled.

I'm pretty sure my record on this strategy is now 16/16 :D
 
Quote from NoDoji:

I won't argue with this, but there's one exception: The Wed crude inventory report

You can test this over time and you will find a pure trading edge:

Sometime during the 10 minutes before the crude inventory report you put on a long or short position. It doesn't matter which. The only important thing is that you DO NOT, under any circumstances, place a protective stop.

You place a limit order to take profit 20-30 ticks from your entry price.

At some point following the report, your profit target will be filled.

I'm pretty sure my record on this strategy is now 16/16 :D
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Eventually the record will be something like 19 wins, 1loss, and you will have lost half of your account.
 
Quote from NoDoji:

I won't argue with this, but there's one exception: The Wed crude inventory report

You can test this over time and you will find a pure trading edge:

Sometime during the 10 minutes before the crude inventory report you put on a long or short position. It doesn't matter which. The only important thing is that you DO NOT, under any circumstances, place a protective stop.

You place a limit order to take profit 20-30 ticks from your entry price.

At some point following the report, your profit target will be filled.

I'm pretty sure my record on this strategy is now 16/16 :D
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you have to be joking? This is perhaps the most risky trade unless you have huge cash in your account? Like 10 to 20 times the margin requirement?
 
Quote from r-in:

Isn't the intraday volume terrible on it?
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Average volume been between 14,000 and 24,000. This is more than adequate to meet your daytrading goals
 
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