CL Redux
- Thread starter schizo
- Start date
@riskaddict Thanks for taking time to explain your views.
As you mentioned, I too noticed low volatility time to time in WTI , but this is the first time I noticed the 'At the money CALL/PUT options with 30 day expiry priced around $1.75', The least I recall in the PAST is around $2.50 . I could be wrong , I might have missed noticing PAST low CALL/PUT prices .
In one aspect these LOW Volatility is helping, as a Position/Swing Trader , Nowadays I can easily Enter LONG/SHORT ( to keep for the DAY) on the Days when extreme High/Low are established earlier ( like TOday 94.05 LOW ) with out worrying about STOPS as majority of the DAY RANGE is around 100 - 125 Ticks .
As I am Learning more about this LOW Volatility Behavior , It is helping with more Predictable Price Range ONCE you WAIT and Let OIL establish HIGH or LOW of the day (sort of. not 100% for sure ,but good enough ..)
One issue is, I need to Unwind all the OLD 250 Tick range Day kind of anxieties and take advantage of this LOW Volatility Period .
As you mentioned, I too noticed low volatility time to time in WTI , but this is the first time I noticed the 'At the money CALL/PUT options with 30 day expiry priced around $1.75', The least I recall in the PAST is around $2.50 . I could be wrong , I might have missed noticing PAST low CALL/PUT prices .
In one aspect these LOW Volatility is helping, as a Position/Swing Trader , Nowadays I can easily Enter LONG/SHORT ( to keep for the DAY) on the Days when extreme High/Low are established earlier ( like TOday 94.05 LOW ) with out worrying about STOPS as majority of the DAY RANGE is around 100 - 125 Ticks .
As I am Learning more about this LOW Volatility Behavior , It is helping with more Predictable Price Range ONCE you WAIT and Let OIL establish HIGH or LOW of the day (sort of. not 100% for sure ,but good enough ..)
One issue is, I need to Unwind all the OLD 250 Tick range Day kind of anxieties and take advantage of this LOW Volatility Period .
<b>Iran Talks in Balance Amid Disagreements Over Nuclear Work</b>
http://www.bloomberg.com/news/2013-...nce-amid-disagreements-over-nuclear-work.html
1/ Diplomats seeking to end a decade-long standoff with Iran haggled over language to rein in the Islamic Republicâs nuclear activities, as U.S. Secretary of State John Kerry headed to Geneva in a bid for a breakthrough accord.
2/ Theyâre seeking a first-step accord that would freeze Iranâs activities in exchange for limited sanctions relief
-- easing curbs on trade in gold, petrochemicals, cars and aircraft parts.
That would allow six months to seek a comprehensive deal intended to reassure other countries that Iranâs nuclear work is solely for peaceful purposes.
<b>Adding to pressure for a deal this weekend is concern that opponents of the plan in both Washington and Tehran will seek to undermine an accord if one isnât reached now.</b> The current round of talks is the third in six weeks.
3/ Differences remain over the extent to which a right for Iran to enrich uranium can be recognized. The United Nations Security Council has ordered such work to be stopped. A Western diplomat who spoke on condition of not being identified said the U.S. has taken a tough position over Iranâs heavy-water reactor, which is under construction, and that thereâs no agreement on how to word a reference to enrichment.
3/ âThey understand that if no agreement is reached this time, it will be hard to maintain momentum,â Ali Vaez, an Iran analyst at the International Crisis Group, said in an interview in Geneva. âIt will be difficult recreating the favorable circumstances that exist for an accord if they cannot agree by the end of the year.â
4/ Senate will be prepared to push for âa bill that would broaden the scopeâ of sanctions when lawmakers return in December from a Thanksgiving holiday break.
A group of 14 senators from both U.S. parties issued a statement yesterday pledging to âpass bipartisan Iran sanctions legislation as soon as possible.â
5/ The U.S. public backs an interim agreement along the lines being considered in Geneva, <b>with 56 percent in favor to 39 percent against</b>, according to a poll carried out by ORC International for CNN television and published yesterday.
http://www.bloomberg.com/news/2013-...nce-amid-disagreements-over-nuclear-work.html
1/ Diplomats seeking to end a decade-long standoff with Iran haggled over language to rein in the Islamic Republicâs nuclear activities, as U.S. Secretary of State John Kerry headed to Geneva in a bid for a breakthrough accord.
2/ Theyâre seeking a first-step accord that would freeze Iranâs activities in exchange for limited sanctions relief
-- easing curbs on trade in gold, petrochemicals, cars and aircraft parts.
That would allow six months to seek a comprehensive deal intended to reassure other countries that Iranâs nuclear work is solely for peaceful purposes.
<b>Adding to pressure for a deal this weekend is concern that opponents of the plan in both Washington and Tehran will seek to undermine an accord if one isnât reached now.</b> The current round of talks is the third in six weeks.
3/ Differences remain over the extent to which a right for Iran to enrich uranium can be recognized. The United Nations Security Council has ordered such work to be stopped. A Western diplomat who spoke on condition of not being identified said the U.S. has taken a tough position over Iranâs heavy-water reactor, which is under construction, and that thereâs no agreement on how to word a reference to enrichment.
3/ âThey understand that if no agreement is reached this time, it will be hard to maintain momentum,â Ali Vaez, an Iran analyst at the International Crisis Group, said in an interview in Geneva. âIt will be difficult recreating the favorable circumstances that exist for an accord if they cannot agree by the end of the year.â
4/ Senate will be prepared to push for âa bill that would broaden the scopeâ of sanctions when lawmakers return in December from a Thanksgiving holiday break.
A group of 14 senators from both U.S. parties issued a statement yesterday pledging to âpass bipartisan Iran sanctions legislation as soon as possible.â
5/ The U.S. public backs an interim agreement along the lines being considered in Geneva, <b>with 56 percent in favor to 39 percent against</b>, according to a poll carried out by ORC International for CNN television and published yesterday.
FUN Chart: Here is "Could have, Should have" ( after that fact ) fun chart for Today OIL.
After-the-fact analyses like yours can turn out to be the basis for real-time consistent success. Define things that occur around significant price swings and apply those definitions to previous days' charts to see which ones produce consistent profitability over time. That's how I developed my trading methods.
Big Mike's is like some kind of magnet for CL journals. There's a lot of technical information there, probably information overload. You don't want to end up on an eternal quest for the Holy Grail when the simplicity of technical price action trading is right in front of you.
One guy actually commented on someone's journal once something to effect of "Anyone who uses X charts or Y charts (I think it was range or renko) will lose money!" And he was posting on the journal of someone who was successfully demonstrating the use of such charts
