You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
CL Redux
- Thread starter schizo
- Start date
Quote from austinp:
CL had been my preferred market until recently, but current price action does not permit scaling into multiple contracts positions. Nor can I really feel comfortable about placing numerous contracts outside of congestion breaks and/or pullbacks the way price just violently explodes.
I can see trading maybe 1 or 2 contracts trying to game the price bursts, but as for me I need to trade something where I can methodically enter & exit with scaled size. That has not been CL for quite some time on a consistent basis, and definitely not the past few months.
Would love to see it return to historical price behavior of the decade-plus past, but it's a long ways from there right now. To my understanding, most if not all of the former futures prop shops in Chicago and elsewhere are downsized or gone mostly from the contraction in CL.
The government wanted less volatility in the crude oil - gasoline prices for sake of consumer confidence, so they made that happen. Back in 1990s and 2000s, any discussion of government meddling with markets got scoffed at by the masses. Ten years later, the same government openly discusses financial markets manipulation.
Totally agree. CL used to be my highest volume market by far but it's been terrible the past 3-4 years...too much HFT for sustainable moves and the slippage has gotten ridiculous. Just my two cents...
http://www.cnn.com/2013/10/15/politics/shutdown-showdown/index.html?hpt=hp_t1
House Speaker John Boehner was "struggling" to come up with enough votes to pass a GOP counter-proposal to the Senate plan, a House Republican leadership aide and other sources told CNN's Dana Bash and Deirdre Walsh.
After a two-hour meeting with his caucus that lasted twice as long as scheduled, Boehner told reporters there was no final decision on what the GOP-led House would do.
Reid: I'm very disappointed in Boehner Pelosi: GOP 'sabotaging' bipartisan deal Obama 'pleased' with progress in Senate What's at stake in the budget debate?
"There are a lot of opinions about what direction to go. There have been no decisions about what exactly we will do," he said.
In a possible signal that he would proceed on a plan opposed by the GOP tea party conservative wing, Boehner declared that "the idea of default is wrong and we shouldn't get anywhere close to it."
House Speaker John Boehner was "struggling" to come up with enough votes to pass a GOP counter-proposal to the Senate plan, a House Republican leadership aide and other sources told CNN's Dana Bash and Deirdre Walsh.
After a two-hour meeting with his caucus that lasted twice as long as scheduled, Boehner told reporters there was no final decision on what the GOP-led House would do.
Reid: I'm very disappointed in Boehner Pelosi: GOP 'sabotaging' bipartisan deal Obama 'pleased' with progress in Senate What's at stake in the budget debate?
"There are a lot of opinions about what direction to go. There have been no decisions about what exactly we will do," he said.
In a possible signal that he would proceed on a plan opposed by the GOP tea party conservative wing, Boehner declared that "the idea of default is wrong and we shouldn't get anywhere close to it."
good summary
------------------
http://politicalticker.blogs.cnn.co...wdown-day-15-what-you-need-to-know/?hpt=po_c1
------------------
http://politicalticker.blogs.cnn.co...wdown-day-15-what-you-need-to-know/?hpt=po_c1