Introduce yourself first. Give some background. Otherwise my conversation with you is done, and you may interact with others. You wrote you are participating in a forum actively for the first time. This is basic online forum politesse.
This forum is good natured and full of thoughtful experiences.
Thanks for starting CL Crude-nalysis.
I was just trying to get precise examples of a market event perceived to be a "violent" breakout.
Does anyone feel more surprised by CL moves than moves in other markets?
What are the bar characteristics when these surprises occur?
Compared to other markets, where would you put CL on a surprising, pernicious move scale?
If people have examples, others can decide if they would also have been surprised by the market event, whether they would have been in the market, whether the move would have been bad or good given their position.
I realise this is a forum using real chart examples.
Real chart examples would be great.
If historical charts would be out of place, I shall patiently await fresh charts of surprises.
Simple and substantial.
I believe you may be asking a pointless question. Let me explain:
There will be times where I see a move and even a likely stop hunt before that move. This move will not "surprise" me as you ask, but may "surprise" others. The opposite is also true where I will be surprised, confused, and downright pissed while others are not surprised at all and saw the move coming.
I hope you see what I'm driving at here. We all develop our own ways of seeing and anticipating market moves. I am no more "surprised" by anything that happens in CL than I am the slowest market I know of such as ZN.
All the best.
The following 2 users say Thank You to indextrader7 for this post:
The best way to answer these questions would be to start watching it yourself IMO. Anyone else's experience will be highly subjective, as indextrader said. I trade CL, and love how it trades, it is my favorite market compared to others due to how it trends, the speed at which it moves away from levels, etc.
The following user says Thank You to Futures Operator for this post:
That is the answer I am looking for . . .
I agree with you, except about the pointless bit!
I am no more "surprised" by anything that happens in CL than I am the slowest market I know of such as ZN. Given that, I just wanted to hear from the other poster what I may be missing.
I don't think it's a pointless question because an exchange between you and another may be very helpful to you in the future, when you were surprised by a market event and the other wasn't. If you were surprised you may not be aware of how to see that sort of surprise coming next time. You may not know what you missed or what others knew that keep them out of trouble. Sure, you may figure it out, but some thoughts from people who avoided the event may be very helpful.
So if the unsurprised trader tells you why or how he or she saw it coming, or wasn't and never would be in the market in that situation, if the trader tells you that, you will have learned something that may be very useful to you in the future.
I think that sort of exchange is at least as valuable as sharing good trades.
We all develop our own ways of seeing and anticipating market moves. . . . and we all improve our own ways of seeing and anticipating market moves perhaps more through our "bad" trades than our "good" trades.
The following 2 users say Thank You to oceanbreeze for this post:
I have watched CL myself, traded CL myself, and CL is one of my all time favourites, for the same reasons as you.
You may be right, but I don't think everyone else's experience will be highly subjective, especially when it comes to their reasons, why they stayed out of the market, what factor they had in mind that signalled trouble, what they noticed that may have gone unnoticed by another.
There may be bad trades that no one would have avoided, but I think in most cases other people can help us learn from our mistakes, and learn more quickly as well.
Anyway, I was so interested in getting some real examples from someone with such a different perception of CL because I so thoroughly agree with you and Indextrader7.
Last edited by oceanbreeze; September 8th, 2014 at 03:00 PM.
The following user says Thank You to oceanbreeze for this post: