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The Crude Dude Oil Trading System
Started: by lancelottrader Views / Replies:109,610 / 831
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The Crude Dude Oil Trading System

  #481 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
Thanks: 611 given, 2,324 received

Re-entered at 41.58

Failure is not an option
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The Crude Dude Oil Trading System-cl-11-23-v2.png  
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  #482 (permalink)
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lancelottrader View Post
Hi..While it doesn't happen every day, it is fairly common to see CL suddenly run up 200 + ticks and then quickly reverse almost the entire move. I've mentioned that in some of my posts on this thread..If one is flexible and can think in both directions..these moves provide some great opportunities.

I think this news this morning had something to do with the move.
Oil rises after Saudi Arabia reiterates willing to work with non-OPEC | Reuters

" Speculators now hold more positions that are betting on a drop in the oil price than at any time since at least 2009, according to Reuters data. "

if OPEC decide to cut production on 4 Dec, we will have a huge pop in oil price

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  #483 (permalink)
Elite Member
west palm beach florida usa
 
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Platform: ninja trader
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jonc View Post
" Speculators now hold more positions that are betting on a drop in the oil price than at any time since at least 2009, according to Reuters data. "

if OPEC decide to cut production on 4 Dec, we will have a huge pop in oil price

Honestly..I don't really care much about these news bits.. I just trade what is happening in the moment.

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  #484 (permalink)
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lancelottrader View Post
Re-entered at 41.58

Got out at 41.68 with 10 more ticks

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  #485 (permalink)
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jonc View Post
Just saw it. Thanks

are there also sites or twitter accounts which are good for real time oil specific news?

@jonc

I don't use Twitter, but there will undoubtedly be Oil related feeds.

Most sites that quote news are not going to be 'real-time' unless you pay for it ie the move in oil will be well underway before the news site relays it.

But having said that, this one is only a few minutes delayed and amalgamates several sources:

Stock Market News & Blogs

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  #486 (permalink)
Elite Member
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Back in

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  #487 (permalink)
Elite Member
west palm beach florida usa
 
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Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
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Had to settle for 10 again...

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  #488 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
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Posts: 696 since Oct 2011
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Long again..this is getting silly lol

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  #489 (permalink)
Elite Member
west palm beach florida usa
 
Futures Experience: Advanced
Platform: ninja trader
Broker/Data: Optimus Futures/ Rithmic
Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
Thanks: 611 given, 2,324 received

Took 10 again..Oh well...these little bites add up

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  #490 (permalink)
Elite Member
west palm beach florida usa
 
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Favorite Futures: Cl, TF
 
Posts: 696 since Oct 2011
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Now..it decides to take off!! Damn

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