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The Beast Slayer, Lance's NQ Trading Journal


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The Beast Slayer, Lance's NQ Trading Journal

  #481 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Re-entered at 41.58

Failure is not an option
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Can you help answer these questions
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  #482 (permalink)
 jonc 
australia
 
Experience: Beginner
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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-[AUTOLINK]OPEC[/AUTOLINK] | 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)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386



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.

Failure is not an option
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  #484 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386


lancelottrader View Post
Re-entered at 41.58

Got out at 41.68 with 10 more ticks

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  #485 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
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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)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Back in

Failure is not an option
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  #487 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Had to settle for 10 again...

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  #488 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

Long again..this is getting silly lol

Failure is not an option
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  #489 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386

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

Failure is not an option
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  #490 (permalink)
 lancelottrader 
west palm beach florida usa
Market Wizard
 
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386


Now..it decides to take off!! Damn

Failure is not an option
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Last Updated on April 11, 2023


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