years ago, I used to do such a thing;
short it the price hit resistance level.
of course, I had to top up my account numerous times.
Would you short QM now or wait till it's reached $86?
- Thread starter Arni
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years ago, I used to do such a thing;
short it the price hit resistance level.
of course, I had to top up my account numerous times.
Haha, but you made the necessary adjustments, care to share those adjustments? I'm all ears
have any advice for a younger you?
Haha, but you made the necessary adjustments, care to share those adjustments? I'm all ears
have any advice for a younger you?
Timing is very important.
WHEN to enter is important.
your timing was wrong.
I am sure you have done lots of reading.
Unfortunately, many trading books don't really focus on when to enter.
I don't have any trading books to recommend to you as most of
the trading books were written by professional writers.
Do focus on the WHEN.
Gonna keep coming back to this page for a good week, please feel free to leave as many tips as you'd like, I have a lot to learn
A good future contract to trade? Well, they are all good, if they are liquid.
As for the fundamentals of CL? Nah, I wouldn't know the best source for them. Some 4 years ago I started looking at the Eikon terminal data on where ships were heading, the whole Cushing flyover thing each week for inventory levels (But then there's something those guys don't tell you...The EIA forecasters take data from all PAADs, not just Cushing).
It all became gelled into a ball of bullshit. The basics of an instrument like CL and the upstream/downstream flows were too much for me.
You can attempt all the TA you want in CL, but I feel that it is a mostly fundamentally-driven instrument, with a caveat...You must consider OPEC+JMMC+Biden+travel demand+++++.
It's nuts.
My instinct tells me we are at a peak, and we will NOT see $100 oil again in the next few years. But that is IMHO totally. Keep an eye on it and trade accordingly if you wish to pursue it.
My timing was off by merely 2 candles, each candle one hour
If I trade the 1min it would reduce my timing problem by a huge margin, don't you think
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Wow, brilliant food for thought, thank you.
Initially I picked /QM as its one of the most affordable even though the volume barely exceeds 20k/day. /ES and /GC make my top 3 futures, but the capital inflows and outflows aren't related, at least that's what I assume
Wow, brilliant food for thought, thank you.
Initially I picked /QM as its one of the most affordable even though the volume barely exceeds 20k/day. /ES and /GC make my top 3 futures, but the capital inflows and outflows aren't related, at least that's what I assume
If I were you, I would take a peek at the micro CL futures, not the QM mini crap, which seems awful. Low volume, cash-settled nonsense with the weird 12.50 per tick thing, if I remember correctly?
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My timing was off by merely 2 candles, each candle one hour
If I trade the 1min it would reduce my timing problem by a huge margin, don't you think
are you doing day or swing trading?
as of now, chances of success in shorting it are < 20%.
It will go down sooner or later.
Just that as of now, there is no indication /confirmation it is going down.
so if you short it now,
you are anticipating /predicting that it will go down when there is no
indication / confirmation that it is going down.
Timing (When to enter) is very important so as to
improve success rate to say 60%.
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