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

  #1 (permalink)
Site Administrator
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Trading CL (Crude Oil futures) #2

Since the old thread was closed, I now begin the new thread here! Please continue the discussion...

Mike

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  #2 (permalink)
Just starting out...
louisiana
 
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cl

mike im just starting to sim trade CL but no one is posting, is there another room you guys are in , i really want to learn and i enjoyed the first thread

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  #3 (permalink)
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hi trader,
read the old CL thread (link blow) for infos + post you charts / trade- + deas here in this one - i am shure the dicussion is going on then .
CL is worth it !

max-td
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  #4 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
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Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
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There are still a lot of CL traders here, give them time and the posts will be there.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

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  #5 (permalink)
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Crude Inventories at 11am Today

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  #6 (permalink)
Trade with the flow
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Well since no one is posting I'm going to show you what I did today. I started out by moving my stop to breakeven and then cried as it rallied 100 ticks. I'm going to learn not to do that one way or the other.

Next I tested the market and got stopped out a few times, but then managed to get two nice trades and ended the day +$400. They would have been even nicer if I didn't chicken out and cash in.

My intermediate goal is to be more patient to get longer runners.

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  #7 (permalink)
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Very nice Cunparis. Do you think by drawing you own trend lines that it keeps you
more in tune to whats going on?
Have you ever tried doing an over lay of the swing high swing low indicator to see
it compared to your chart?

Vic

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  #8 (permalink)
Trade with the flow
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Riverend View Post
Very nice Cunparis. Do you think by drawing you own trend lines that it keeps you
more in tune to whats going on?
Have you ever tried doing an over lay of the swing high swing low indicator to see
it compared to your chart?

Vic

Hi Vic, Thanks.

I much prefer drawing everything myself. It keeps me on my toes and in touch with the charts. Keeps me active. I think having indicators do all the work can make me lazy. So I've been drawing everything by hand, experimenting with trendlines and swing pivots. After a while you draw them without even thinking and that's when you know you're in tune with the charts.

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  #9 (permalink)
Just starting out...
louisiana
 
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?'s for CL traders

guys im new to CL and i use 24 hour chart so here are few ?'s
1) what is open outcry trading ? and is this time frame of 9 untill 2:30 important , very important ?
2) on cme website it says last trading day. Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. so does that mean i change to 11-09 on tuesday 09-22-09 and if so what time do i change it

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  #10 (permalink)
Trade with the flow
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trader9278 View Post
guys im new to CL and i use 24 hour chart so here are few ?'s
1) what is open outcry trading ? and is this time frame of 9 untill 2:30 important , very important ?
2) on cme website it says last trading day. Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. so does that mean i change to 11-09 on tuesday 09-22-09 and if so what time do i change it

#1 - that's when CL is most liquid. I trade it before then but not after.

#2 - just load up the current montha and the next month contract and when you see more volume on the next month you trade that. Trade where the volume is. each market has it's own rollover preferences, just go with the volume.

I do not recommend CL unless you have a proven winning method on other markets. And even then it's possible it won't work on CL. CL is amazing.

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