CL Redux

Quote from Swan Noir:

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.
More...

I'm no day trader but it seems to me watching ticks on the CL will make you see aberrations and only make you broker money. Why not 5min? You should get 3 to 6 good trades a day without getting chopped up.

Are you fucking shitting me i've been waiting for 91.30 for like an hour... same shit different day :p
 
Quote from Visaria:

anyone know why this thing has just gone mental?
More...

Stocks lower on anniversary of '87 crash
USA TODAY- -- It's the 25th anniversary of the 1987 stock market crash, and today's trading is bad, but not nearly as grim as 25 years ago. :eek:
 
I read Volman's book on Forex and I'm searching for an instrument that makes sense to scalp off a very short term chart in during EST.

Quote from riskaddict:

I'm no day trader but it seems to me watching ticks on the CL will make you see aberrations and only make you broker money. Why not 5min? You should get 3 to 6 good trades a day without getting chopped up.

Are you fucking shitting me i've been waiting for 91.30 for like an hour... same shit different day :p
More...
 
Quote from jas_in_hbca:

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.

:D
More...

When you placed the first trade in that contract, didn't your broker pop up a message something like, "AND JUST HOW DO YOU PLAN TO TAKE DELIVERY OF THAT 1000 BARRELS OF OIL?"

:D
 
Quote from Swan Noir:

I read Volman's book on Forex and I'm searching for an instrument that makes sense to scalp off a very short term chart in during EST.
More...

the ole' KC is a scalpers paradise. It moves big and clean!
 
You must log in or register to reply here.
Back
Top