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The CL Crude-analysis Thread
Started: by tturner86 Views / Replies:140,058 / 1,866
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The CL Crude-analysis Thread

  #441 (permalink)
Market Wizard
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kurlare View Post
SMCJB - You trading the heating oil spreads? I am having a near record day riding Mar/Apr down after it's 30 cent blow up.

nah quiet day here. I tend to stay clear of the front spreads - prefer the back's. Relative Value instead of momentum.
I got kicked by CL yday, but due to bad settlements my PnL was actually flat. So even though not done much today I'm down purely as a consequence of market correcting poor settles.

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  #442 (permalink)
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SMCJB View Post
nah quiet day here. I tend to stay clear of the front spreads - prefer the back's. Relative Value instead of momentum.
I got kicked by CL yday, but due to bad settlements my PnL was actually flat. So even though not done much today I'm down purely as a consequence of market correcting poor settles.

If you don't mind me asking: what kind of size to you use in the distillates (back month spreads) and how long do you hold positions for?

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  #443 (permalink)
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kurlare View Post
If you don't mind me asking: what kind of size to you use in the distillates (back month spreads) and how long do you hold positions for?

https://futures.io/commodities-futures-trading/34800-calendar-spreads.html#post472248

SMCJB View Post
I trade a lot of CL spreads (ie this post) and some NG spreads, but don't currently trade any of the other energies presently. I've traded Brent, NGLs, Electricity a little Gasoil & a little Fuel Oil in the past as well, but never really traded any RB (or HU) or HO. I think you will find most people here that do trade commodity futures mostly trade outrights.

I used to trade CL-NG spreads, on a Btu basis, (ie CL/5.8-NG) a long long time ago. All OTC and all longer dated rather than spot. Thankfully that was before, CL went to $140 and NG to <$5, which would have blown me out!


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  #444 (permalink)
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ziggy123 View Post
I wonder what @mfbreakout is doing today - my guess - sitting on his hands - and rightfully so

Steve


Tried 2 shorts.

#1) Short 49.78 before NY open. CL went to 49.50 area and came back up 49.90 area. Scratched it and waited for NY open.

#2) Short 50.12. Held for 1 hour. Covered some 49.62. Was looking for 49.20 area on rest. US $ got sold off and CL got stuck at ORL. Got out 49.75 on rest.

Since then sitting on hands. This MONKEY business of 30 ticks here and 20 ticks there etc while holding for long period with up and down fast moves without clear trend- is not where i find any edge for myself.

My average HOLD TIME is one hour for both gains and loss. Jerky up and down moves is not good for my trading style.



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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  #445 (permalink)
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Cool stuff. If you don't mind my curiosity, what is your background? You clearly have a lot of knowledge about energy deregulation and a breadth of products, must be nice to be so diversified in the brain!

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  #446 (permalink)
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protokletos View Post
Cool stuff. If you don't mind my curiosity, what is your background? You clearly have a lot of knowledge about energy deregulation and a breadth of products, must be nice to be so diversified in the brain!

Energy trading desks for major energy companies.

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  #447 (permalink)
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throw a coin

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mfbreakout View Post
Tried 2 shorts.

#1) Short 49.78 before NY open. CL went to 49.50 area and came back up 49.90 area. Scratched it and waited for NY open.

#2) Short 50.12. Held for 1 hour. Covered some 49.62. Was looking for 49.20 area on rest. US $ got sold off and CL got stuck at ORL. Got out 49.75 on rest.

Since then sitting on hands. This MONKEY business of 30 ticks here and 20 ticks there etc while holding for long period with up and down fast moves without clear trend- is not where i find any edge for myself.

My average HOLD TIME is one hour for both gains and loss. Jerky up and down moves is not good for my trading style.

Indeed....HFT's at their best

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  #449 (permalink)
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waited for lizard to get out of flat line and short 49.89.



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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  #450 (permalink)
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Time slots are important.



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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