CL Redux

[EON Kid]

Quote from Laissez Faire:

Now, I`m enlightened.

I`m pretty good at spotting levels and potential reversals on ES, but I`m fairly clueless with crude. I typically only look at the swings.

Do you guys watch equities to make trading decisions in crude oil?

sometimes it gives some confirmation, 6E is also an instrument to watch, relative strength etc. I think it only gives a very small edge with crude, but every small edge counts.


A good trade would be if CL forms a bull flag on index/6E weakness, also helps to time the waves.

 

[ammo]

Quote from Laissez Faire:

Why 96-96,50?

Managed to grab a nice piece of this drop on my first day of live day trading crude oil.

May have to take the rest of the day off to ensure that my first day is nice and green.

cl is a much thinner market ,moves huge and 100 times faster than es, keep that in mind,stops are mandatory

 

[Zr1Trader]

CL and GC move together pretty well sometimes too. ***sometimes key word. all correlations can come unhinged at any time.

 

[Laissez Faire]

Quote from EON Kid:

sometimes it gives some confirmation, 6E is also an instrument to watch, relative strength etc. I think it only gives a very small edge with crude, but every small edge counts.

A good trade would be if CL forms a bull flag on index/6E weakness, also helps to time the waves.

Thanks for the input, kid.

Still looking for 96 for the day or satsified with 96,40?

Nice call.

 

[Laissez Faire]

Quote from ammo:

cl is a much thinner market ,moves huge and 100 times faster than es, keep that in mind,stops are mandatory

No doubt.

I`m starting to notice some differences and for the first time in my life I experience actual slippage. Definitely a tougher instrument when it comes to execution, but in many ways a much easier instrument for actual short-term day trading.

 

[EON Kid]

Quote from Laissez Faire:

Thanks for the input, kid.

Still looking for 96 for the day or satsified with 96,40?

Nice call.

that didn't unfold to plan.

trying more cautious longs from this 9650 base

 

[EON Kid]

Quote from EON Kid:

I'll say, 100 by Tuesday

Tuesday or Wednesday this will explode

hmm full moon 6th May

 

[Laissez Faire]

Still learning the rhythm of this beautiful and cunning instrument.

Got out of a long at breakeven at 96,85, but managed to get back in and still catch a little piece.

You mentioned tick charts, Kid.

What settings do you use?

My current set-up is the 1-minute chart with a 13 tick chart to "look inside".

Did not find any particular value in volume charts or range charts. Maybe I need to tweak them more.

 

[Laissez Faire]

Current range 1,43.

Average RTH range for the last 25 days is 1,68. Median 1,58.

New highs by the close?

 

[EON Kid]

Quote from Laissez Faire:

Still learning the rhythm of this beautiful and cunning instrument.

Got out of a long at breakeven at 96,85, but managed to get back in and still catch a little piece.

You mentioned tick charts, Kid.

What settings do you use?

My current set-up is the 1-minute chart with a 13 tick chart to "look inside".

Did not find any particular value in volume charts or range charts. Maybe I need to tweak them more.

I use the 6s, Only because it's what I used before on stocks. Stick to a time frame or tick size and you'll in time see the same repeating price action