CL Redux
- Thread starter schizo
- Start date
i pop back in after being away for a couple of days and i can't figure out whats going on here? :eek:
yes, i saw that...i just "bought the dip" across several markets, including crude. we'll see...that play has been paying dividends for me for the last few weeks. my luck will run out eventually.
but thats ok.
but thats ok.
Quote from NoDoji:
I sim traded ZS a little while back. My friend was talking about it and of course I immediately had to check out its tick size, so I brought up a DOM window and, being a hardcore vegetarian, I wanted to play it long.
Do you only day trade it?
fwiw I only day-trade anything right now. When the indexes begin trending again, I'll do some ES swing trading. Everything else is intraday only for now by personal choice.
ZS is great for straightline $250 to $500 per contract moves... few times per day on average. Not quite as violent as CL but spunky enough
My forte' is trading more than one symbol at a time. I get really bored watching one market when it's dull, and they all take turns chopping at times. For me the basket of TF-ZS-CL-ES in that order of personal preference is ideal. Others prefer to fixate on a single symbol. Individual choice.
Huggie, just chatting about various markets other than CL, which has been challenging to trade since FOMC. Not impossible, but more of a challenge than before. Just business as usual
I hear you...i have not been trading CL as much since it broke out above 85 and really 77 before that. I just don't do well in these hard core trending markets...i do better when there is more of an ebb and flow.
Too bad since catching these crazy trends is obviously the easier way to go...but it just doesn't suit my personality i guess.
Too bad since catching these crazy trends is obviously the easier way to go...but it just doesn't suit my personality i guess.
I was just thinking about you and here you are!
I had a very fine short trade with the break of 87.40. The price action was as clean as it gets in CL, the least it could do after the pathetic excuse for a 5-min chart that it left behind today.
Earlier today I was predicting a with-trend pullback to at least 84.97 over the next week. What is signaling your buying at this particular level?
I would feel more comfortable loading up at 86.30 (200 bar on hourly) I think I might just limp in. Things get weird this time of year correlations break down and trends end. Seems like around the last three Thanksgivings something comes out of nowhere. Last year was the abu dabi bullshit or where ever it was the year before it was the carry trade that broke down. I can't remember 3 years ago but I know I lost about 10K on some aussie dollar futures in like 3 mins and then made it back 2x's with the Cad. Basically in my opinion it's best to trade small in Nov.