What other markets trade like the CL - Traders Hideout | futures io social day trading
futures io futures trading


What other markets trade like the CL
Updated: Views / Replies:6,939 / 34
Created: by skyfly Attachments:2

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 – 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 don’t 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
 2  
 
Thread Tools Search this Thread
 

What other markets trade like the CL

  #21 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


LukeGeniol View Post
Lately, at least from feb when i started to trade almost esclusively CL and BNR, they both move really well in the EU morning session, and in a more tradable way, less fastest jumps. Who like CL, maybe will like BRN too, it move in the same fashion of CL, and the two are high correlated, BRN often jumps more, ie jumps quickly more ticks, it is good when it goes in your side, but can slip your stop of more ticks of CL.

Can you put those two side by side so we can see what you mean.

Thanks

Reply With Quote
 
  #22 (permalink)
Elite Member
Italy (IT)
 
Futures Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker/Data: Rithmic
Favorite Futures: CL, Brent, GC, TF
 
LukeGeniol's Avatar
 
Posts: 1,501 since Apr 2010
Thanks: 408 given, 974 received


torroray View Post
Can you put those two side by side so we can see what you mean.

Thanks

Here you are

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Take your Pips, go out and Live.
Luke.
Reply With Quote
The following 3 users say Thank You to LukeGeniol for this post:
 
  #23 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


Being a scalper on 6 Range bar charts. The number of bars produced in a session is most important to me, because that determines how many opportunities I get. I mainly trade the CL and GC between 8:00am-4:00pm EST. I will easily get 30 to 40 trade-able signals everyday each on the CL or the GC.

Because of the wild nature of the CL and GC, they will sometimes produce bars so fast that they are not trade-able. When you review your charts at the end of the day you will see some awesome trade signals, but you could have never traded them, because they were produced by 50 bars that were printed all in less then 5 seconds. My bar counter counts the total number of bars produced in the session, also records and colors bars that were produced less then 3 seconds apart. The following show these numbers for today, for the main futures and ETF's I generally trade, all on 6 range bars.

CL - Fast Action Bars: 44%, out of 3486 total bars
GC - Fast Action Bars: 32%, out of 2540 total bars

FDAX - Fast Action Bars: 19%, out of 672 total bars
TF - Fast Action Bars: 4%, out of 517 total bars
6E - Fast Action Bars: 5%, out of 481 total bars
ES - Fast Action Bars: 1%, out of 112 total bars

GLD - Fast Action Bars: 11%, out of 1321 total bars (Gold ETF)
SLV - Fast Action Bars: 6%, out of 954 total bars (Silver ETF)
SPY - Fast Action Bars: 4%, out of 509 total bars (S&P 500 ETF)

Look at the number of bars produced by the ES, I don't know how any retail traders trade that thing. I would rather trade the SPY (ETF) any day instead of the ES.


Last edited by monpere; May 6th, 2011 at 01:10 AM.
Reply With Quote
The following 8 users say Thank You to monpere for this post:
 
  #24 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


monpere View Post
Being a scalper on 6 Range bar charts. The number of bars produced in a session is most important to me, because that determines how many opportunities I get. I mainly trade the CL and GC between 8:00am-4:00pm EST. I will easily get 30 to 40 trade-able signals everyday each on the CL or the GC.

Because of the wild nature of the CL and GC, they will sometimes produce bars so fast that they are not trade-able. When you review your charts at the end of the day you will see some awesome trade signals, but you could have never traded them, because they were produced by 50 bars that were printed all in less then 5 seconds. My bar counter counts the total number of bars produced in the session, also records and colors bars that were produced less then 3 seconds apart. The following show these numbers for today, for the main futures and ETF's I generally trade, all on 6 range bars.

CL - Fast Action Bars: 44%, out of 3486 total bars
GC - Fast Action Bars: 32%, out of 2540 total bars

FDAX - Fast Action Bars: 19%, out of 672 total bars
TF - Fast Action Bars: 4%, out of 517 total bars
6E - Fast Action Bars: 5%, out of 481 total bars
ES - Fast Action Bars: 1%, out of 112 total bars

GLD - Fast Action Bars: 11%, out of 1321 total bars (Gold ETF)
SLV - Fast Action Bars: 6%, out of 954 total bars (Silver ETF)
SPY - Fast Action Bars: 4%, out of 509 total bars (S&P 500 ETF)

Look at the number of bars produced by the ES, I don't know how any retail traders trade that thing. I would rather trade the SPY (ETF) any day instead of the ES.

Those CL fast bars, are they with trend fast moves or counter trend?

Reply With Quote
The following user says Thank You to torroray for this post:
 
  #25 (permalink)
Elite Member
San Diego, Miami & On the lake (Summer)
 
Futures Experience: Advanced
Platform: Ensign, Ninja, Sierra, TradeStation & MT4
Broker/Data: CQG, TT & FinFX
Favorite Futures: indices/notes/currencies/ metals/energies
 
Posts: 368 since Oct 2009
Thanks: 143 given, 602 received

Monpere,

Thanks! Interesting.

I like the NQ futures; stats for that today (if you are up for a quick request)?

peace

r247

Reply With Quote
 
  #26 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


torroray View Post
Those CL fast bars, are they with trend fast moves or counter trend?

Just fast printing bars, not trend specific. I don't take trend into consideration in my trading.

Reply With Quote
The following user says Thank You to monpere for this post:
 
  #27 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
monpere's Avatar
 
Posts: 1,858 since Jul 2010
Thanks: 300 given, 3,276 received


researcher247 View Post
Monpere,

Thanks! Interesting.

I like the NQ futures; stats for that today (if you are up for a quick request)?

peace

r247

NQ - Fast Action Bars: 10%, out of 428 total bars

Reply With Quote
 
  #28 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received


monpere View Post
Just fast printing bars, not trend specific. I don't take trend into consideration in my trading.

How nice to be neutral and not be influence by it. Huge advantage and can easily change your mind if a trade not going your way.

Reply With Quote
 
  #29 (permalink)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,698 since Oct 2009
Thanks: 3,041 given, 4,498 received

monpere, intesreting stats. I was wondering what were the numbers, now we know, thanks. Just out of curiosity, is the indicator used to measure the speed available somewhere ? Also, i note that only the FDAX seems to have out of ordinary numbers. The others seem to show a proportional quantity.

Regarding your last comment 'Look at the number of bars produced by the ES, I don't know how any retail traders trade that thing.' If you trade the ES you usually don't want to scalp it for a 6 ticks profit unless volatility gets higher than normal. I typically aim for 3 to 8+ points. To achieve that you can't wait for confirmation or wait for a reversal bar. Instead if you aim to trade the ES, you will want to trade some key locations and forget about any of the usual indicators like RSI or StockRSi etc. This is not a trending instrument and it is heavily used for hedging. I use Market Profile to identify key locations on the ES. The benefit of the ES is in the liquidity it offers. The ES behaves a lot like the currencies in a smaller scale. More particularly with currencies it's not unusal to observe a channel during the Asian session and when the London session is about to start price goes in one direction to trap many players and then go in the opposite direction for 4 to 6 hours. That's the type of movement you want to exploit. The same type of behavior occurs on the ES but the period is different.


monpere View Post
Being a scalper on 6 Range bar charts. The number of bars produced in a session is most important to me, because that determines how many opportunities I get. I mainly trade the CL and GC between 8:00am-4:00pm EST. I will easily get 30 to 40 trade-able signals everyday each on the CL or the GC.

Because of the wild nature of the CL and GC, they will sometimes produce bars so fast that they are not trade-able. When you review your charts at the end of the day you will see some awesome trade signals, but you could have never traded them, because they were produced by 50 bars that were printed all in less then 5 seconds. My bar counter counts the total number of bars produced in the session, also records and colors bars that were produced less then 3 seconds apart. The following show these numbers for today, for the main futures and ETF's I generally trade, all on 6 range bars.

CL - Fast Action Bars: 44%, out of 3486 total bars
GC - Fast Action Bars: 32%, out of 2540 total bars

FDAX - Fast Action Bars: 19%, out of 672 total bars
TF - Fast Action Bars: 4%, out of 517 total bars
6E - Fast Action Bars: 5%, out of 481 total bars
ES - Fast Action Bars: 1%, out of 112 total bars

GLD - Fast Action Bars: 11%, out of 1321 total bars (Gold ETF)
SLV - Fast Action Bars: 6%, out of 954 total bars (Silver ETF)
SPY - Fast Action Bars: 4%, out of 509 total bars (S&P 500 ETF)

Look at the number of bars produced by the ES, I don't know how any retail traders trade that thing. I would rather trade the SPY (ETF) any day instead of the ES.


Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
  #30 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
Favorite Futures: Fx
 
torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received



trendisyourfriend View Post
monpere, intesreting stats. I was wondering what were the numbers, now we know, thanks. Just out of curiosity, is the indicator used to measure the speed available somewhere ? Also, i note that only the FDAX seems to have out of ordinary numbers. The others seem to show a proportional quantity.

Regarding your last comment 'Look at the number of bars produced by the ES, I don't know how any retail traders trade that thing.' If you trade the ES you usually don't want to scalp it for a 6 ticks profit unless volatility gets higher than normal. I typically aim for 3 to 8+ points. To achieve that you can't wait for confirmation or wait for a reversal bar. Instead if you aim to trade the ES, you will want to trade some key locations and forget about any of the usual indicators like RSI or StockRSi etc. This is not a trending instrument and it is heavily used for hedging. I use Market Profile to identify key locations on the ES. The benefit of the ES is in the liquidity it offers. The ES behaves a lot like the currencies in a smaller scale. More particularly with currencies it's not unusal to observe a channel during the Asian session and when the London session is about to start price goes in one direction to trap many players and then go in the opposite direction for 4 to 6 hours. That's the type of movement you want to exploit. The same type of behavior occurs on the ES but the period is different.

This discussion is getting interesting. Sharing this type of information is invaluable to new trader about alternatives on so many attractive instrument to trade.

Reply With Quote

Reply



futures io > > > What other markets trade like the CL

Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Divergence Trade the CL prisonbreaker82 Elite Trading Journals 99 December 3rd, 2013 08:48 AM
Anyone want to get on skype and trade the CL together/or is their a room already? skyfly Traders Hideout 5 May 20th, 2011 04:19 PM
CL first trade date?? traderTX Commodities Futures Trading 2 January 17th, 2011 02:21 PM
CL - Exits/Trade Management sleepy Psychology and Money Management 7 October 20th, 2010 09:54 AM
CL trading times inventories impact markets tony2604 Commodities Futures Trading 22 August 15th, 2010 02:02 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 2017-12-17 in 0.18 seconds with 40 queries on phoenix via your IP 54.82.81.154