Quote from NoDoji:
My trading roomies told me since I'm currently sim trading CL, I'd be taking delivery of synthetic oil which is more valuable, so it's too bad IB can't handle that for me
LOL
CL Redux
- Thread starter schizo
- Start date
LOL
oil has been very good to me lately and i'm afraid if i start posting trades i'll jinx myself.
(vwap)
(vwap)
Does anyone in here trade the QM besides the CL? I'm just curious if it is a suitable (less-leveraged) equivalent or if it has a mind of its own. I've been following the CL (don't trade live), and it's got some sweet moves, but it's a bit over leveraged for my tastes at the moment, so I was wondering if QM would offer the same great taste, but be less filling (so to speak).
Thanks
Thanks
I occasionally trade the QM whenever I want to use big stops and just let the position ride the big moves. QM is pretty much the same as CL except its half the size, has wider ask/bid and it expires a few days before CL.
I base my technical analysis on CL charts, even when I trade the QM. Arbitrage keeps QM tied to CL so its not a problem for none scalp traders like me. But if you are scalp trader, you should really trade CL because it has better ask/bid spread.
went long QM at 75.90, stop at 75.50. holding until tomorrow. hopefully the up move in the ES and down dollar can pop oil up.
Hope you folks are cleaning house although the current moves look too damn artificial in my view. The inventory shot up from last week but I figure the price spiked higher for a reason (Thanksgiving effect?). I'm sure there are plenty to be thankful about.
Personally, I'm itching to go short on any weakness come next week. Until then, rest up and have a nice thanksgiving.
Personally, I'm itching to go short on any weakness come next week. Until then, rest up and have a nice thanksgiving.
Anybody think volatility is going to pick up? I'm thinking about going long some jan and feb straddles.