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Trading CL (Crude Oil futures) #2
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Trading CL (Crude Oil futures) #2

  #81 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: AMP
Favorite Futures: CL, TF
 
Posts: 41 since Jul 2012
Thanks: 18 given, 42 received


TickedOff View Post
Hello oil traders, Ive been trading the past couple of days with poor results, is anyone else having trouble? I think I keep
expecting big moves but the market recently is more choppy and Ive failed to adapt.

Big change in volatility and liquidity in all the markets that I'm following. I'm taking more stop outs, but I'm also getting bigger moves when it does go.

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  #82 (permalink)
Elite Member
Sydney / Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP
Favorite Futures: Oil
 
Posts: 116 since Jun 2009
Thanks: 125 given, 103 received


TickedOff View Post
Hello oil traders, Ive been trading the past couple of days with poor results, is anyone else having trouble? I think I keep
expecting big moves but the market recently is more choppy and Ive failed to adapt.

Hey @TickedOff,

I am from Sydney as well. Good to see another Aussie trader.
Just be careful with oil at the moment, especially with US holiday.
I am just trading within the range of it.
Remember early close today.

Let me know if I can help.

Thanks

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  #83 (permalink)
Trading Apprentice
Bocas Del Toro, Panama
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL & NG
 
Posts: 32 since Sep 2012
Thanks: 44 given, 32 received


Also been having a little trouble trading oil of late.. Been getting chopped most the month except for Thursday last week where I managed to make back losses.. I trade oil exclusively so probably won't step back unless I hit my monthly drawdown.

Another Ozie trader here! Geez we have it bad on the trading hours front.. Do any other Ozie traders struggle to focus at 3 or 4 in the morning or is it just me?
Moving back to Panama in a few weeks so looking forward to the change in trading hours

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  #84 (permalink)
Elite Member
Sydney / Australia
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: AMP
Favorite Futures: Oil
 
Posts: 116 since Jun 2009
Thanks: 125 given, 103 received

Yes very hard to trade during Commodity Open at 9 am. (1am Sydney time) Just gotta do it I guess.
Only watch till about 3 am. By the end of the week I am stuffed.
However due to Crude's volatility as of late, I am finding decent opportunities during the Asian market sessions.
Oil is a good market you can exclusively trade. All depends on your personality.

I love it!

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  #85 (permalink)
Normal Wizard
Sydney, NSW, Australia
 
Futures Experience: Intermediate
Platform: NinjaTrader with Jigsaw DOM
Favorite Futures: CL, 6E, ES, Piano
 
TickedOff's Avatar
 
Posts: 191 since Nov 2014
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Skinchin View Post
Also been having a little trouble trading oil of late.. Been getting chopped most the month except for Thursday last week where I managed to make back losses.. I trade oil exclusively so probably won't step back unless I hit my monthly drawdown.

Another Ozie trader here! Geez we have it bad on the trading hours front.. Do any other Ozie traders struggle to focus at 3 or 4 in the morning or is it just me?
Moving back to Panama in a few weeks so looking forward to the change in trading hours

I trade till 1am tops then its bed, Im still on sim tho so less incentive for me. If I go pro then Id probs move out to somewhere in Europe as its just a lot more convenient to trade there. Quick question about Panama, are traders taxed at the 25% income tax there? How do you find living there?

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  #86 (permalink)
Trading Apprentice
Bocas Del Toro, Panama
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL & NG
 
Posts: 32 since Sep 2012
Thanks: 44 given, 32 received

Started trading full time in November so at least I can catch up on sleep and don't have to go work a 9-5. Love everything about trading CL.. Will eventually trade a second instrument once I can split my account with enough capital.
Usually trade from 10pm - 2.30am but will hold a position to the close if required. Fallen asleep several times while trailing positions!

Living in Panama is like living the dream for me! Lived on the caribbean side for over 3 years as my wife is from there and loved every moment.. Its relatively cheap, has great waves, decent diving, safe and plenty of islands to explore so has it all in my eyes..
Didn't trade when I was living there last but from the research I have done foreign income is tax free so shouldn't have to pay any tax. So ticks all the boxes for me! Been back in oz for a couple of years and have been stinging to get back since day one! PM me if you want any info.

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  #87 (permalink)
Elite Member
San Diego, California
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NinjaTrader/Continuum
Favorite Futures: ES, 6E, CL
 
Posts: 10 since Jul 2013
Thanks: 14 given, 6 received

I have been trying price action trading on CL but not had success till now.
Can anyone share trading journals/Trading hideouts where futures.io (formerly BMT) users post their daily CL trades??

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  #88 (permalink)
Trading Apprentice
Philadelphia, PA, USA
 
Futures Experience: Advanced
Platform: TT(X_Trader), CTS (T4)
Favorite Futures: RBOB Gasoline Futures
 
Posts: 28 since Feb 2015
Thanks: 35 given, 15 received

Go to the thread that is stickied in this sub-forum.

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  #89 (permalink)
Elite Member
Dallas/Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: CL Crude Oil
 
Posts: 281 since Sep 2011
Thanks: 168 given, 166 received

Pretty nasty stuff.

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Trading CL (Crude Oil futures) #2-2015-02-24-23_30_37-cl-04-15-5-min-2_24_2015.png  
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  #90 (permalink)
Elite Member
Manila, Philippines
 
Futures Experience: Beginner
Platform: CQG,Bookmap,Sierra Chart
Broker/Data: CQG
Favorite Futures: BUND
 
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Posts: 55 since Apr 2014
Thanks: 46 given, 17 received


Hi all, I don't seem to find any resource that states the official time for CL overnight/evening session? Here are the times I got from CME site:

Globex: 5:00PM - 4:15PM CT (ETH)
Open outcry: 8:00AM - 1:30PM CT (RTH)

My assumption is, evening session is taken with the context of RTH. So my assumption for the evening session would be:

1:31PM - 4:15PM CT
or
1:31PM - 7:59AM CT

I'm not sure if I am getting this correctly but please let me know what you guys use for overnight session times.

Thanks!

"You are only as good as the decisions you make."
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