Today's volume on the electronic CL is around 176,500 right now. QM is around 13,600.
Big C.L. - or - Mini QM ? ?
- Thread starter Torontoymtrader
- Start date
Today's volume on the electronic CL is around 176,500 right now. QM is around 13,600.
start with the QM and work your way up to CL...if you aint making money with the QM...you aint gonna make cash with the CL...my borker offers $1,200 daytrade margin on the QM and $2,800 daytrade margin on the CL...
I trade mostly stocks,SPY ,IWM options.
Correlating to oil, I trade 3 distinct different oil sub group stocks.
Integrated/refiners/gassy stocks/Drillers/OSX service providers etc
Because XOI/OSX does diverge with crude movement,recently strted trading USO to mimic CL. (same way GLD /gold futures)
Even though I have CL in my screen, I trade USO ( it lags very badly to CL front month because of management costs & roll over costs)
I can trade USO in 100 share increments (even 50 shares some times). works only with low cost broker like IB.
Averaging in to a say $ 2 down move is risky.But works most of the time!I will go up to 1000 shares on a 2 day down trend.
Nibbling small quantities initially & when indicator is strong I buy larger lot.
Volume is decent in USO. For every $1 movement in CL, you may get around 0.60 to 0.70 in USO. latest gas fund is UNG .
Correlating to oil, I trade 3 distinct different oil sub group stocks.
Integrated/refiners/gassy stocks/Drillers/OSX service providers etc
Because XOI/OSX does diverge with crude movement,recently strted trading USO to mimic CL. (same way GLD /gold futures)
Even though I have CL in my screen, I trade USO ( it lags very badly to CL front month because of management costs & roll over costs)
I can trade USO in 100 share increments (even 50 shares some times). works only with low cost broker like IB.
Averaging in to a say $ 2 down move is risky.But works most of the time!I will go up to 1000 shares on a 2 day down trend.
Nibbling small quantities initially & when indicator is strong I buy larger lot.
Volume is decent in USO. For every $1 movement in CL, you may get around 0.60 to 0.70 in USO. latest gas fund is UNG .
I have been charting USO along with CL because on some ID time frames the 24 hr charts are not as clear as the regular session charts.
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