CL Redux
- Thread starter schizo
- Start date
Here is what I see
If S&P holds 1040 line this week we see OIL at 75 level , if it drops to 1000 level then we see 68 level by week end.
If S&P holds 1040 line this week we see OIL at 75 level , if it drops to 1000 level then we see 68 level by week end.
Quote from cstfx:
Whenever you have this urge to step away from the computer again, resist the urge! Setup a human version of the invisible fence and put it around you work area. Nothing works better for behavioral modification like a little electro-shock therapy.
This was Week 1 of the beta version mini-me CL trading ATS. It's doing what it's supposed to do when the order management works right. Still bugs to work out there, but I'm pretty sure it will easily out-trade me once it goes live, because it never takes a break
IMHO, the market finally discounted the hurricane premium once it was clear that the storms were going to miss the Gulf:
http://www.nhc.noaa.gov/
Quote from NoDoji:
This was Week 1 of the beta version mini-me CL trading ATS. It's doing what it's supposed to do when the order management works right. Still bugs to work out there, but I'm pretty sure it will easily out-trade me once it goes live, because it never takes a break
Which platform will you be using for the auto-pilot? Have you considered utilizing Neural Net in your system? (Check out RapidMiner.) Now that you can run your shop in the clouds (eg. cloud computing), I'm thinking of migrating to ATS as well. Hopefully soon.
I dunno which leads which. As far as I know, it don't matter one bit. Back in 2008, they moved in the opposite direction. Apparently, the morons running the equity market thought the high oil prices would kill the stocks. In 2009, the idiots in the oil market belatedly realized that oil prices are directly tied to consumer spending. Hence the ensuing "you scratch my back, I'll scratch yours" routine.
Now we're on the verge of falling into depression. So my feeling is that these two dumbass don't get along very well. They seem to be saying, who the hell cares? Like I said, it don't matter one bit.
Keep in mind, that we might have those numbers price in already. For the ones that like to trade before 10:30 report, I will suggest to wait at least 15 min after 10:30, to see how the market react. Usually it takes a bounce to the opposite direction after 15 min.
Almost forgot:
VAlue Area for today:
VAH 74.32
VAL 72.29
This morning it show a lot of support in VAL, as for now we are inside the Value Area which suggest we are in balance.
Good luck to everyone.