CL Redux
- Thread starter schizo
- Start date
I hope you are properly accounting for slippage, in this type of high frequency trading, slippage can create havoc in the sim vs actual trading. I am also a tradestation user, slippage can be easily defined for strategy trading, not sure for sim discretionary trading.
also please keep in mind your next step, from sim would you go directly to CL or start with QM. I trade the QM, a thinly traded market, limit orders are not easy to fill and wide slippage. good luck.
BearMountain makes a good point about slippage (also, find a way to change the commission in TS - can't help you there, I use Ninja).
Today was a bit choppy, but if you're entering as many trades as per your plan (that is, if the reason you're putting on "so many" trades is not that you're jumpy/afraid), consider being more selective on the hours you trade (see attached chart) or trading from a 10' or 15' chart.
From your lips to god's ear! I just got home to see this mess and there was no breakout to the upside before the carnage took place. The one day I wanted to lose money and it goes the way of my net position
And the problem with Cl options is liquidity it's not like I can just book my profits for the day and start fresh tomorrow. The good news is we are now back below the TL i've been obsessing over so if tomorrow goes as planed I can just leave everything alone and make this week worth while. The 5ooo dollar question is.. is 80 the base for the DX??? Afraid not.... Good news is dx and cL down on the same day and ovx is breaking out. You ever have one of those weeks where you say wow if I just did nothing I would have made ...... I'm going to do nothingThanks for listening to me think out loud.
Hope I'm not too off topic here - Trying to reconnect to markets. Looking at long term charts in energy complex. NG is showing almost a $5 higher off set from pre-top pricing ('07), from present prices. In the same time frame pre-top CL pricing is showing about $15 offset below CLZ0. Yes - I know there are a lot of factors at work (weather, supply, storage, international vs domestic market, political risks, etc). This does seem odd.
Figuring out DX - Good luck - Looked at long term chart and got a head ache.
Yeah, I know none of this means a fig to day trading CL. But I'm interested in any arm chair analysis
BR/
FMR
(How long have I been away? I forgot my brokers acct log in / pswd - LOL)
Figuring out DX - Good luck - Looked at long term chart and got a head ache.
Yeah, I know none of this means a fig to day trading CL. But I'm interested in any arm chair analysis
BR/
FMR
(How long have I been away? I forgot my brokers acct log in / pswd - LOL)
Quote from FreeMarketRider:
Hope I'm not too off topic here - Trying to reconnect to markets. Looking at long term charts in energy complex. NG is showing almost a $5 higher off set from pre-top pricing ('07), from present prices. In the same time frame pre-top CL pricing is showing about $15 offset below CLZ0. Yes - I know there are a lot of factors at work (weather, supply, storage, international vs domestic market, political risks, etc). This does seem odd.
Figuring out DX - Good luck - Looked at long term chart and got a head ache.
Yeah, I know none of this means a fig to day trading CL. But I'm interested in any arm chair analysis
BR/
FMR
(How long have I been away? I forgot my brokers acct log in / pswd - LOL)
It depends on how the charts have been adjusted for each contract, I'm still unsure what is the correct method.
Compare to these charts
http://stockcharts.com/charts/gallery.html?$WTIC
http://stockcharts.com/charts/gallery.html?$NATGAS
The crude low in March 09 was in the low 30's
Both of those graphics are Z0 (Dec 2010) contracts - No adjustments required. I'm not a fan of roll over adjustments. I used to look at currency adjusted charts - That gets interesting
I need to review fundamentals / internals on this situation. NG has a pretty strong seasonal component. This is really off topic for this thread, but though there may be some insights from folks close to the markets. I'm still re-constructing my "information" system. Weekly supply figures have one of the most consistant impact on markets (or at least they used to).
BR/
FMR
I need to review fundamentals / internals on this situation. NG has a pretty strong seasonal component. This is really off topic for this thread, but though there may be some insights from folks close to the markets. I'm still re-constructing my "information" system. Weekly supply figures have one of the most consistant impact on markets (or at least they used to).
BR/
FMR