Providence, Rhode Island
Experience: Intermediate
Platform: TradeStation execution, some Thinkorswim charting
Trading: CL
Posts: 55 since Apr 2014
Thanks Given: 137
Thanks Received: 97
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Hey eclipsemf,
I've never traded gold (OK, maybe a trade here or there...), but from watching it for a few years, it strikes me as the sort of future that will give you tons of slippage when you're stopped out. In my mind that's a key characteristic of that instrument, it's jumpiness, and it's sort of known for that if you read up.
This is not to dissuade you, but to paint perhaps a more realistic picture. To think you'll get minimal slippage in an instrument that routinely moves 20 to 30 ticks in a minute doesn't really follow. Just a quick glance at the 1-minute chart from Wednesday shows a move of 86 ticks in one minute, and I'm pretty sure if you were long with a stop that you'd be a little unhappy by the end of that minute!
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