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CL Crude-nalysis
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CL Crude-nalysis

  #91 (permalink)
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ninjadiluce View Post
I apologize if I'm intruding in the thread, be patient please, I am a colleague of trade and I have a question for you ... why do you trade the CL? which differences has CL with the ES and 6E? I hope you have a minute to answer, as I am very curious to understand your choice of instrument.
take care

For me:

1. Different macro story and drivers. I'm an economist and very macro guy.
2. CL behaves very different than ES and euro. Its much less liquid. Has a tendency for violent breakouts. And its trendier. The last statement I have not tested statistically.

Furthermore, at some point my dream job was to trade oil or oil derivatives physically, but I didn't make it into one of the commodity houses.

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  #92 (permalink)
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CL

CL traders move price knowing there is money to be made. The volume appears to be small compared to the big boys, but prices are matched to keep the market moving. As soon as Australia and Japan open in the eve, the price is on the move. I believe the trends are great compared to the run and stop, turn, run and stop, turn of the es and 6e. CL teetering on 2 major supports. With winter coming at a quickening pace, it could be retesting the 86 level before long.

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  #93 (permalink)
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Oysteryx View Post
For me:

1. Different macro story and drivers. I'm an economist and very macro guy.
2. CL behaves very different than ES and euro. Its much less liquid. Has a tendency for violent breakouts. And its trendier. The last statement I have not tested statistically.

Furthermore, at some point my dream job was to trade oil or oil derivatives physically, but I didn't make it into one of the commodity houses.

Have you tested the former statement statistically?
Are folks here getting caught out, adversely surprised, hammered, mauled by such break outs?
how frequently?
in which time frames?


Last edited by oceanbreeze; September 8th, 2014 at 09:17 AM.
 
  #94 (permalink)
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Looking for a near term trend reversal today - Shake out below the low today - I longed from 92.43 after trying a few times to get on board. Looking for a move higher in this range now

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  #95 (permalink)
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oceanbreeze View Post
Have you tested the former statement statistically?
Are folks here getting caught out, adversely surprised, hammered, mauled by such break outs?
how frequently?
in which time frames?

Former statement is a fact. Nothing to test there.

Of course. Not very often. Don't trade CL often. Last time was in June on the ISIS breakout. Daily chart. Swing trade.

@oceanbreeze: just realized your profile says trading master but your questions are oddly overly basic. What are you looking for?


Last edited by Oysteryx; September 8th, 2014 at 11:43 AM.
 
  #96 (permalink)
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Thank you. :-)

 
  #97 (permalink)
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  #98 (permalink)
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Oysteryx View Post
Former statement is a fact. Nothing to test there.

Of course. Not very often. Don't trade CL often. Last time was in June on the ISIS breakout. Daily chart. Swing trade.

@oceanbreeze: just realized your profile says trading master but your questions are oddly overly basic. What are you looking for?

Simplicity is the ultimate sophistication, Leonardo da Vinci *

the two are not contradictory at all.
perhaps you will realise that someday.
keep it simple ... keep it as simple as possible but no more simple than that!
the questions are may appear basic because I am new and participating in a forum actively (for me anyway) for the first time.
your "violent" breakouts are not a matter of fact but rather a matter of perception and time frame.
what percent of the "violent" breakouts occur against your position or what you imagine would be your position if you were in the market?
on what time frame?
these breakout that you perceive to be violent may occur within one bar of a higher time frame.
please give some dates and times and time frames (more generally, bar type, tick ,volume, etc.)
honestly curious to see what you perceive to be a "violent" breakout that would have mauled you.
kind regards ocean breeze

*thanks Panda


Last edited by oceanbreeze; September 8th, 2014 at 12:47 PM.
 
  #99 (permalink)
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Thanks but no thanks. Just look at relative implieds and you have your answer.

 
  #100 (permalink)
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oceanbreeze View Post
the two are not contradictory at all.
perhaps you will realise that someday.
keep it simple ... keep it as simple as possible but no more simple than that!
the questions are may appear basic because I am new and participating in a forum actively (for me anyway) for the first time.
your "violent" breakouts are not a matter of fact but rather a matter of perception and time frame.
what percent of the "violent" breakouts occur against your position or what you imagine would be your position if you were in the market?
on what time frame?
these breakout that you perceive to be violent may occur within one bar of a higher time frame.
please give some dates and times and time frames (more generally, bar type, tick ,volume, etc.)
honestly curious to see what you perceive to be a "violent" breakout that would have mauled you.
kind regards ocean breeze

Must say you write arrogantly for being anonymous and uninformed about who you are interacting with. At least introduce yourself before patronizing strangers. Already gave you a date and time frame. ISIS breakout.

Done.


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