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What other markets trade like the CL


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What other markets trade like the CL

  #31 (permalink)
 RM99 
Austin, TX
 
Experience: Advanced
Platform: TradeStation
Trading: Futures
Posts: 839 since Mar 2011
Thanks Given: 124
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CL moved $2.37 in 60 seconds at the open this morning.

If you're marginal requirement is $5k, that's a 47.4% move in 1 minute.

To answer the original question again....I'm not sure anything trades like CL.

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  #32 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
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RM99 View Post
CL moved $2.37 in 60 seconds at the open this morning.

If you're marginal requirement is $5k, that's a 47.4% move in 1 minute.

To answer the original question again....I'm not sure anything trades like CL.

GC will do that too sometimes randomly. Well, maybe not so randomly, I may just don't know the causes or the pattern.

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  #33 (permalink)
 steve2222 
Auckland, New Zealand
 
Experience: Beginner
Platform: Sierra Chart
Broker: AMP/CQG
Trading: Whatever moves in my timezone
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trendisyourfriend View Post
monpere, intesreting stats. Just out of curiosity, is the indicator used to measure the speed available somewhere ?

@trendisyourfriend

Here is an indi that measures the time rate of each bar by using coloured dots in panel 2.

BBT_RangeBarRate - BBTrades

You have to buy this.

I have no commercial association with Brad. I have bought most of his indis and I do join his room when daylight saving times in NZ make that practical.

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  #34 (permalink)
 
torroray's Avatar
 torroray 
Malaysia
 
Experience: Beginner
Platform: Multichart DT
Broker: MB Trading
Trading: Fx
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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.

Would you consider them slippage?

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  #35 (permalink)
 rcabri 
Switzerland
 
Experience: Advanced
Platform: ninja trader CQG Trader
Broker: Kinetick, IB
Trading: NQ DAX CL
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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.

Hi Monpere,
I find your counter of range bar very interesting myself I like to trade very fast market .
You can share your counter if is not a problem for you Thanks anyway Roberto

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Last Updated on May 15, 2011


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