west palm beach florida usa
Market Wizard
Experience: Advanced
Platform: ninja trader
Broker: Optimus Futures/ Rithmic
Trading: NQ
Posts: 1,112 since Oct 2011
Thanks Given: 1,113
Thanks Received: 5,386
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After reviewing my trades on Cl the last few months, I have discovered that I have taken a large amount of losses by trading the first few minutes of the 9 am est session in crude. There were, of course, some days when I caught some great opening pushes.
I am finding now that I am getting better results by not trading the first 20 minutes or so of that open. I am better able to get a "Feel" for the price action and market conditions for the session. Also, the trading ranges can be established better.
So, the downside is that I miss a possible strong move at the open, but the advantage is I get to tune in better and formulate a strategy based on the additional information I get by waiting it out.
I would be interested in reading what other experienced Cl traders think on this matter.
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