1. Long +$120
2. Long - $280 (7-tick slippage!!)
3. Long +120
-$40 before commission .. should be +$30 without slippage LOL! Well, slippage is part of the game .. ..
Funny that NJ does not cancel the Sell Stop order when Long Stop was executed. It did mostly Mon and occasionally Tue. Today, it's on strike. I need to resolve it else I have to cancel the pending order manually + resetting both strategies every time else one of them does not run .. sigh ..
Beth
Can you help answer these questions from other members on futures io?
You got 7 tick slippage cause you were trading at news time. 10:30 is the crude inventory. I've gotten 30 tick slippage on simulator trading at that time. This is one of the golden rules - do not trade around news.
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Thanks Cunparis. This golden rule has been documented now. Huge slippage will not happen again.
Oh, should one follow the same rule when we have the Natural Gas report on Thu 10:30 am, ie no CL trading until its release too? Appreciate your tips. Thank you.
It'd be better if you answered that one yourself by studying the crude chart over the past few months on thursdays for the gas report. Until recently I haven't traded crude since January so I'm not sure but when in doubt sit out. Also sometimes the gas report isn't always on thursday, around holidays it can change days and/or times. Same for crude news, which is why it's so hard to backtest it.
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Not so tricky for me as I don't trade before the inventory report is released. I did take the long trade at 8:16 PST and it went off without a hitch +8+16. I'm wondering how you got +6????
Jeff did you take the first trade this a.m. Inside bar ,,,it was 15 Minutes prior to PMI , did not know if that report was " news worthy " enough to skip the trade . Got + 8 + 1 on it .
No........I have found that CL often hovers with no direction on the mornings before the inventory report. So, I've decided NOT to trade before the report is released.
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