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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,828 / 1,754
Last Reply:December 4th, 2016 (01:02 AM) Attachments:450

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The CL Crude-analysis Thread

Old February 19th, 2015, 01:54 PM   #381 (permalink)
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This will be nice. Hopefully she will come back to VWAP. Will try to go long at prices better than VWAP, ORH etc



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Old February 19th, 2015, 01:55 PM   #382 (permalink)
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Alphachase View Post
Until area 52.50+ is cleared, no shorts for me.

Interesting. What's the reason behind this?

Thx



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Old February 19th, 2015, 02:07 PM   #383 (permalink)
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mfbreakout View Post
Interesting. What's the reason behind this?

Thx

I'm not talking about intraday 50-100 ticks harvesting. There are must be tons of fresh juicy stops all the way to yesterday settlement price. But we'll see how she will trade during settlement today.


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Old February 19th, 2015, 02:18 PM   #384 (permalink)
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mfbreakout View Post
Analysis is one thing execution is another. What a day. Once a trader has traded days like these dozen of times, it gets easier. Never comfortable but easier. Always try to have 2-3 scenarios in mind every trading day= JIM DALTON.

Solid trading!

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Old February 19th, 2015, 02:27 PM   #385 (permalink)
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q for mfbreakout

Futures Edge on FIO

Are you a NinjaTrader user?

 
When you trade crude, do you use limit orders or do you hit the market when you want to get in and out? I have seen some great entries and exits ruined by algos in my time - curious as to how you handle this.

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Old February 19th, 2015, 02:35 PM   #386 (permalink)
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what do you guys say $53.00 a barrel, today? (basis clj)

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Old February 19th, 2015, 02:37 PM   #387 (permalink)
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kurlare View Post
When you trade crude, do you use limit orders or do you hit the market when you want to get in and out? I have seen some great entries and exits ruined by algos in my time - curious as to how you handle this.


1) Most of the trades, i use limit orders.

2) In case of FLUSH UP/ FLUSH DOWNS, market order.

3) News driven PRICE ACTION like yesterday after API, market order. I did not add yesterday to my shorts after API but if i had not been hosed on 30 cars yesterday on FOMC minutes , i would have hit the market order.

I am no longer worried about algos etc. They are mostly designed to capture small 10,20 etc ticks all day long. For example, 1000 cars on 30 ticks is still $300,000. Theyjus do not take any RISK. It's like printing press.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Old February 19th, 2015, 02:40 PM   #388 (permalink)
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tigertrader View Post
what do you guys say $53.00 a barrel, today? (basis clj)

That's what I'm waiting for. Just 18 cents higher yday settle price.

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Old February 19th, 2015, 02:40 PM   #389 (permalink)
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tigertrader View Post
what do you guys say $53.00 a barrel, today? (basis clj)

Nobody expects complete reversal and market like to prove majority of people wrong. The way price is keeping way above VWAP etc. if i go by my experience, it's shaping up to be. In that case i will be surprised if she just stops at 53- provided FORCE shows up at that level. That's why i am listening to Led Zeppelin - Get the Lead Out Album.

Most Importantly for me an A up on DOE report days- shorts better be nimble , be lucky and do not go to the same well twice.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.

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Old February 19th, 2015, 02:50 PM   #390 (permalink)
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bought this stuff at 10:58.38 - figured there was only one way it could go...and that was up

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