Changing rollover dates for CL - Reviews of Brokers and Data Feeds | futures io social day trading
futures io futures trading


Changing rollover dates for CL
Updated: Views / Replies:24,836 / 57
Created: by DarrenH Attachments:11

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 11  
 
Thread Tools Search this Thread
 

Changing rollover dates for CL

  #1 (permalink)
Elite Member
Cotswolds UK
 
Futures Experience: Intermediate
Platform: NT7, Multicharts
Broker/Data: Mirus,Amp,ZenFire
Favorite Futures: Fdax
 
DarrenH's Avatar
 
Posts: 62 since Mar 2010
Thanks: 93 given, 23 received

Changing rollover dates for CL

Hi guys could anyone tell me when is the best part of the month to change the contract date for CL. example CL05-CL06. Because obviously the data is quite different between rollovers. thanks

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,167 received



DarrenH View Post
Hi guys could anyone tell me when is the best part of the month to change the contract date for CL. example CL05-CL06. Because obviously the data is quite different between rollovers. thanks

There is a bit of a discussion here:
https://futures.io/traders-hideout/2073-rollover-days-some-quick-facts-about.html

Generally, CL changes on the third Thr of the month. However most people just advise you trade the contract with the most volume. Last month we skipped an entire month ahead, as even though it was March -- and you normally would trade the April contract -- the May contract had more volume. Now, this month it's April and the June contract just took over the May contract on volume yesterday.

So, I switched to CLM0 from CLK0 yesterday (to 06-10 from 05-10).

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.

Reply With Quote
The following 5 users say Thank You to Big Mike for this post:
 
  #4 (permalink)
Elite Member
Cotswolds UK
 
Futures Experience: Intermediate
Platform: NT7, Multicharts
Broker/Data: Mirus,Amp,ZenFire
Favorite Futures: Fdax
 
DarrenH's Avatar
 
Posts: 62 since Mar 2010
Thanks: 93 given, 23 received

Answer
This post has been selected as an answer to the original posters question Answer

Thanks Mike

yeah i never really known when to change.

Reply With Quote
 
  #5 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,167 received

Answer
This post has been selected as an answer to the original posters question Answer


DarrenH View Post
Thanks Mike

yeah i never really known when to change.

But you do now, right?

If you use NT, just add the next month to market analyzer so you have both CL 05-10 and CL 06-10, for instance. Then switch to the contract with the highest volume, which happens around the third Thr of each month, but I've seen it fluctuate +/- 2 days.

The price action between the two contracts is usually nearly identical, but some indicators like pivots, fibs, or other S/R based indicators will be dramatically different due to back adjusted pricing. This can also affect things like day lows or highs.

There is a lot of good information in the link above.

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.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #6 (permalink)
Elite Member
Cotswolds UK
 
Futures Experience: Intermediate
Platform: NT7, Multicharts
Broker/Data: Mirus,Amp,ZenFire
Favorite Futures: Fdax
 
DarrenH's Avatar
 
Posts: 62 since Mar 2010
Thanks: 93 given, 23 received

yep sure do thanks.

never knew what market analyzer did, makes it much clearer

killed 2 birds with that one!

great site Mike.

Reply With Quote
 
  #7 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,638 since Mar 2010
Thanks: 4,225 given, 25,555 received
Forum Reputation: Legendary

Answer
This post has been selected as an answer to the original posters question Answer

CL is one of the most dangerous contracts to trade around expiry. The reason for this is the strange delivery site: a pipeline storage in Cushing, Oklahoma. Sometimes there is not enough product available and you will get a short squeeze, sometimes there is too much product and nobody wants to take physical delivery. This leads to increased volatiliy in the old contract during mid-month, see chart attached.

Actually it is a joke that world oil prices are linked to a pipeline depot in Oklahoma. A more appropriate delivery site would be any major port at the gulf coast as this would allow for physical arbitrage.

NinjaTrader 7 currently has false rollover dates for CL, as they have chosen the expiry date, which is too late. You should rollover the contract latest 2 days before expiry, but as soon as volume shifts to the new contract.

More details on expiry and physical delivery can be found here:

Light Sweet Crude Oil


DarrenH View Post
Hi guys could anyone tell me when is the best part of the month to change the contract date for CL. example CL05-CL06. Because obviously the data is quite different between rollovers. thanks


Attached Thumbnails
Changing rollover dates for CL-crude-spread.jpg  
Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
 
  #8 (permalink)
Elite Member
Germany
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: CL,GC,6E
 
Posts: 45 since Jan 2010
Thanks: 44 given, 23 received

Answer
This post has been selected as an answer to the original posters question Answer

I always have Market - Analyzer running, filled by the current and the two following contracts, so I'm able to see the volume traded of the different contracts whenever I want.
In my calender I have a reminder a month forward starting two or three days before the contract - change could happen.
These days I look every day before the session begins, which of the contracts is traded most.
Is the volume of one of the newer contracts suddenly higher, I switch over and push the reminder one month forward to remind me then again.
The day most of the traders switch over varies every month a bit.
Regards
Klaus

Reply With Quote
 
  #9 (permalink)
Elite Member
Cotswolds UK
 
Futures Experience: Intermediate
Platform: NT7, Multicharts
Broker/Data: Mirus,Amp,ZenFire
Favorite Futures: Fdax
 
DarrenH's Avatar
 
Posts: 62 since Mar 2010
Thanks: 93 given, 23 received

Thanks for your replies guys

this should,nt remain a mystery anymore.

I have added some other markets to the analyzer interesting to see the different volumes.

Reply With Quote
 
  #10 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,167 received


CL 07-10 has more volume than 06-10 as of today.

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.

Reply With Quote
The following user says Thank You to Big Mike for this post:

Reply



futures io > > > > Changing rollover dates for CL

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Does anyone know of a one-stop site for contract expiration dates? Mopaditi Traders Hideout 3 April 10th, 2016 05:07 PM
Why do YOU keep changing your system? r3algood The Elite Circle 12 September 1st, 2011 10:22 AM
MATLAB Dates on the x - axis jakfourie Matlab, R project and Python 11 June 27th, 2011 03:55 AM
CL rollover adjustment & volume profile charts neko333 Commodities Futures Trading 19 September 13th, 2010 04:02 PM
Changing your avatar picture Big Mike Beginners and Introductions 0 June 15th, 2009 02:15 PM


All times are GMT -4. The time now is 06:21 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-21 in 0.14 seconds with 38 queries on phoenix via your IP 54.166.188.64