Oil (CL) Live Intraday trading

[Overnight]

Excellent thread indeed!

My call for the next few days is Long (now at $44), due to market expectancy and actual outcome of upcoming election result - Probability: 75% Up; 25% Down.

Yes, but what about a possible news spike down on some blah blah about the Saudis and Iran/Iraq still not agreeing on production cuts before the end of November meeting, and the news of the North sea area ramping-up their push to global inventory increase?

I mean, the Fibbo retrace is absolutely huge from 2 months ago for the long side...Just can't be sure on what to do and many indicators are failing to give direction at this point. What would your target exit be on the long side if entered now?

 

[OddTrader]

That's true! We'll see.

 

[stasbz]

exit 45.07

 

[stasbz]

long 45.10 11/08/16

 

[algofy]

I will give a bit of credit here, at least this guy is calling his entries relatively timely.

 

[Overnight]

Up in the long term. Smells right. By long term, I mean in a year, maybe two. But what the hell, we're trading futures, yes? Trade the future.

 

[stasbz]

exit 11/22/16

 

[Overnight]

So you've been in the trade for two weeks?

 

[OddTrader]

So you've been in the trade for two weeks?

This trade was an excellent one indeed - picture perfect!

Switching from intraday trading, using 15d 5m chart (post #2), to intramonth trading, using 180d 1h chart (post #47), would require very special skills!

Just unsure whether options is required for how to manage overnight/weekend gap risk.

 

[stasbz]

So you've been in the trade for two weeks?

Switching from intraday trading, using 15d 5m chart (post #2), to intramonth trading, using 180d 1h chart (post #47), would require very special skills!

no difference.
on bigger timeframe you hold trade longer. stop is bigger, position is smaller, target is bigger.
there were very good intraday oppotunities on 15d 5m chart.