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Do you look at backwardation/contango when daytrading CL?
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Do you look at backwardation/contango when daytrading CL?

  #11 (permalink)
Trading Apprentice
Russia, Moscow
 
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Fat Tails, thanks for comments!

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  #12 (permalink)
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Personally I can't see any value in using backwardation/contango for daytrading. The time frame is so tight in a daytrade it is not affected much if any by these things. A daytrade is really an "in the moment" type trade. I think to try an look at backwardation/contango when making in the moment type decision just clouds the process. I think it would also be very difficult to find a real correlation that would give an edge.

I do think in a swing or longer term arb situation backwardation/contango could be a way to trade. So might be worth investing some time looking for correlations in that regard.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Last edited by liquidcci; March 28th, 2012 at 04:01 PM.
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