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Trading CL (Crude Oil Futures)
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Created: by tzachi Attachments:35

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Trading CL (Crude Oil Futures)

  #31 (permalink)
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10:30 NG news. Will stay on side line until 10:31. Do not like to stand in front of incoming train.


Last edited by tzachi; August 29th, 2009 at 06:44 PM.
 
  #32 (permalink)
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tzachi View Post
10:30 NG news. Will stay on side line until 10:31. Do not like to stand in front of incoming train.


tzachi, which site or feed are you using for news and what method are you using to filter the weight of the news stories?

 
  #33 (permalink)
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forex factory. Dont trade 5 min before the news and 1 -2 minutes after.


Last edited by tzachi; August 29th, 2009 at 06:44 PM.
 
  #34 (permalink)
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tzachi View Post
forex factory. Dont trade 5 min before the news and 1 -2 minutes after.

Do you only use the event "Crude Oil Inventories" or are there others on the FF calendar that you monitor and feel directly impact CL?

Here is last weeks calendar, which of these would you consider high impact for CL?

See attachment.

Attached Thumbnails
Trading CL (Crude Oil Futures)-forex-calendar-forex-factory_1248493299628.png  
 
  #35 (permalink)
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any news between 9-2pm. If a speeck, depend on the speaker and watch if they have q&a to stay a way.


Last edited by tzachi; August 29th, 2009 at 06:44 PM.
 
  #36 (permalink)
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tzachi View Post
forex factory. Dont trade 5 min before the news and 1 -2 minutes after.


tzachi View Post
any news between 9-2pm. If a speeck, depend on the speaker and watch if they have q&a to stay a way.

lol. you are saying do not trade anywhere from 7 minutes out of every half hour to 7 minutes out of every hour, as most days average between one to two news stories per hour.

this can be easily backtested to see if it holds water. just need to exclude xx:55-xx:01 and xx:25-xx:31 of every hour and see if it improves trade results or not. I do not trade CL so defer to your experience but I tested something similar on the ES and found that in fact the reverse happened, by excluding those periods of volatility I lowered my returns more than I lowered my risk.

 
  #37 (permalink)
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no. there are news (economic #'s) at 10am during this trading time and Wen' at 10;30 and Thu at 10;30 (USA news)


Last edited by tzachi; August 29th, 2009 at 06:44 PM.
 
  #38 (permalink)
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no. there are news (economic #'s) at 10am during this trading time and Wen' at 10;30 and Thu at 10;30 (USA news)

Ok so are you saying now to only not trade the following times and forget forexfactory?

Monday 9:55am - 10:01am
Tuesday 9:55am - 10:01am
Wednesday 9:55am - 10:01am
Wednesday 10:25am - 10:31am
Thursday 9:55am - 10:01am
Thursday 10:25am - 10:31am
Friday 9:55am - 10:01am

?? sorry i am just trying to understand what you are saying. if this is not what you are saying perhaps you can be specific and provide specific examples of news events from the previous screenshot I posted that you would not trade the CL for this event.

 
  #39 (permalink)
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forgot you also said to listen to who is speaking and then not trade during their speech. again i don't understand what speeches I am listening to, is it every single news event on the forex factory? is it during those 10am conferences meaning it's not always 5 minutes before and 1 minute after, it really depends on the length of the conference?

 
  #40 (permalink)
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yes and no. Yes to your times for this week and and no since it change every week with changes for economice release #. Also this week there was the Beni' speech to congress that keep me out and Friday Sec' of treasury testimony at 10;30.

Those are the times that I do not trade, you can go and do whatever you like.....


Last edited by tzachi; August 29th, 2009 at 06:44 PM.

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