I thought about it as I went to bed last night, and while I see the opportunity in the volatility potential, trading is about probabilites and edges. And not about money, at least not as a priority. The reasons I will trade CL and not 6E for today are;

1) I watch CL constantly. I understand it's nuances, how to read it's volume. That in itself is an edge.
2) I am calm when I trade CL. That is a psychological edge.
3) I do not study to take advantage of news events.
4) A big move is not required for me to be profitable, and in fact, big moves can be difficult to trade.



After I wrote that I opened my "TUT" email for today;

"Whenever an escalator to "success" ascends without you, Gary, (just "swoosh-h-h-h-h-h!" right into the sky leaving you on the ground), it's always because there's another one on the way that will go even higher, with your name plastered all over it."

CL gap down open, waiting to see how volume responds. 6E held at the major support and rallied overnight back to 1st level resistance.

1 off

closed

I really wanted to trade short today, but the setupo was not there in my view... 6E rallied, CL came off, weird correlation. And I do not know why, but last night I expected a weird correlation.

Still not holding my runner correctly.. that is the focus this week. break the pattern..

The worst thing that will happen is I give up money I did not have in the first place. It is all in motion. Accept volatility.

GaryD 

I really wanted to trade short today, but the setupo was not there in my view... 6E rallied, CL came off, weird correlation. And I do not know why, but last night I expected a weird correlation.

The Euro is not the only thing that affects the price of oil.