CL Redux
- Thread starter schizo
- Start date
that whole a.m. drop looked very elliot abc corrective. if we hold 91.70 thn looking for a close back near 93.00.
break 1.70 then 91.30
just making conversation. flat at the moment and wasn't quick enough to catch the drop
break 1.70 then 91.30
just making conversation. flat at the moment and wasn't quick enough to catch the drop
I tend to agree... I'd be a buyer ~91.65 w/ 10-15c stop.
Perhaps i should have mentioned this is only my second week trading CL.
and i've been trading November. Just realized awhile ago all the volume is in Dec. wonder when that happened.
Consider this my disclaimer for all future posts. Rookie trader- For entertainment purposes only.
Just posted this in the Trading Forum. Any input will be appreciated.
10-19-12 01:49 PM
Currently trading a 5 min ES chart and hoping to transition to a fast tick chart on either CL or GC. I'm in NYC and would trade 6E but the real action there is clearly in the London session nearer there open. and I just can't imagine doing the 3AM gig. I would like to trade a 70 or 90 or whatever tick chart in CL or GC but I'm concerned about slippage and spending time in sim won't tell me much about that reality.
Any comments, advice etc. will be greatly appreciated. I'm a New Yorker. No need to be all that polite just tell me straight if I am barking up the wrong tree here. Not interested in reinventing the wheel but before I do the work to figure out MAE, stops etc. I want to have some input. Not trying to duck slogging through the hard, tedious work needed to understand reality in these instruments but trying to figure out if others have been down this road and what they think.
Thanks in advance.
10-19-12 01:49 PM
Currently trading a 5 min ES chart and hoping to transition to a fast tick chart on either CL or GC. I'm in NYC and would trade 6E but the real action there is clearly in the London session nearer there open. and I just can't imagine doing the 3AM gig. I would like to trade a 70 or 90 or whatever tick chart in CL or GC but I'm concerned about slippage and spending time in sim won't tell me much about that reality.
Any comments, advice etc. will be greatly appreciated. I'm a New Yorker. No need to be all that polite just tell me straight if I am barking up the wrong tree here. Not interested in reinventing the wheel but before I do the work to figure out MAE, stops etc. I want to have some input. Not trying to duck slogging through the hard, tedious work needed to understand reality in these instruments but trying to figure out if others have been down this road and what they think.
Thanks in advance.